Credit Writedowns

While the US and the UK are contemplating double dip, the export oriented economy in Sweden seems to be doing quite well.

Economics of Contempt: The Fed's Backup Plan(s) for Lehman FT Alphaville » Germany and the 90% threshhold Wireless Is Not Different. You Can’t Be Half-Open - Tech Crunch Japan Economy Surpassed by China as GDP Is Less Than…

Below is a very good and nearly unfiltered 30-minute session with David Rosenberg of Gluskin Sheff. He speaks with the Wall Street Journal's Kelly Evans in the weekly "Big Interview" feature, a format I really like.  I have…

Here are today's links including a bunch of articles from the past week that I missed. The two most interesting are on India. Topic of the Day: India The world falters, India booms-T T Ram Mohan-Columnists-Opinion-The Economic Times…

Obama defends "Ground Zero mosque" - Glenn Greenwald - Salon.com FT.com / Capital Markets - Sales of junk bonds set to reach new high Goldman CEO, others get millions from options| Reuters London: Teuerste Wohnung der…

By Annaly Capital Management Back in June we wondered out loud, “What is a dollar?” That exercise—as well as the recent schizophrenic behavior of the currency market and the lamentations regarding the Fed’s “printing press”—has led us to…

It has been a while since I have had a round of these and in the current macro/market environment I thought it an excellent occasion to take some pot-shots at the market discourse. So, read on if you want to see what it looks like when I am…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). The incessant debate of whether the economy is inflating or deflating…

In a recent post on the money multiplier, a reader Luis Enrique asked about bank lending and capital constraints. Anecdotally, much of the reduction in credit is supply-constrained as well as demand-constrained. That means it's a matter of…

This is another hilarious animation mock-up from NMA World.