Credit Writedowns

Exit polls show Gillard as the winner. Here is the Taiwanese animated version of recent Australian politics. Enjoy.

As the IMF say in their most recent staff report, the present economic crisis raises the question of whether potential output growth in Bulgaria in the years to come is going to be markedly lower than it was during the boom years. As the…

This week the following graph from https://www.chartoftheday.com https://www.chartoftheday.com/ has been annotated by the author to highlight similarities of the current era for stocks to a corporate earnings pattern traced out nearly a…

By Michael Farrell, Annaly Capital Management My fellow mortgage market participants, On Tuesday, I attended the “Conference on the Future of Housing Finance” hosted by Treasury Secretary Tim Geithner and Housing and Urban Development…

Another hilarious Taiwanese animation for your viewing pleasure on Google's domination of the world and loss of mojo. Just Be Evil!

From Gerard Minack of Morgan Stanley (hat tip Scott): The past two years have demonstrated the high cost of these policy errors. More to the point, the private sector now seems leery of debt and aiming to increase saving. This matters a…

Highlights The US dollar is firmer across the board vs. the majors as risk aversion carries over today.  Euro is coming under pressure and making new lows vs. the dollar after peaking on August 6 and has now broken the minimal…

Topic: The President's Performance To Date Eugene Robinson - President Obama's winning streak Michael Gerson - The lost promise of Barack Obama The Usual Fare Greek crisis refuses to go away - Telegraph Nytt bonussystem hos…

By Comstock Partners It becomes clearer every day that the economy is headed for a renewed recession or a recovery so slow it will seem like one. Initial unemployment claims climbed to 500,000 last week for the first time since November…

Here's Andy Xie spinning his inflation tale of woe. He thinks western stimulus is not creating demand or inflation in the west but stoking inflation in emerging markets, causing them to overheat. Take a look. I have made a similar…