Credit Writedowns

By Marin Katusa, Casey’s Energy Opportunities Stop the presses. The United States is no longer the world’s biggest consumer of energy. After topping the energy consumption charts for more than a century, the U.S. has been left behind as…

By John Lounsbury. Really?  Yes, that is exactly what some economists are saying.  According to Lisa Swerzer for SmartMoney, in an article at MSN Money, this view is held by severa; presumably impartial people.  The people…

Here are two stories I found interesting. The first is on a BIS paper which says that there are no real scale economies beyond a certain point in banking. Company size is driven by the implicit taxpayer guarantees too big to fail financial…

Marshall Auerback here. Our Treasury Secretary has conceded that it is still a “tough economy” for most Americans, and warned it’s possible the unemployment rate will go up for a couple of months before it comes down. Given the…

In an August 3rd video, Gary Shilling, president of A. Gary Shilling & Co., talks about the outlook for the U.S. economy. Shilling speaks with Matt Miller on Bloomberg Television's "Street Smart."

By Paul Brodsky and Lee Quaintance of QB Partners (Hat tip Barry Ritholtz) • Deflation • Quantitative Easing (QE2 & QE3) • A nod to Christopher Hitchens • The G7 financial system must deleverage to regain a semblance…

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). Unemployment is stuck in a rut. One reason is the tendency to look…

Greetings! A few weeks ago, I indicated that CW was going to undergo a site re-design. The first stage of the re-design has already happened. Please drop us a line with comments and thoughts on other improvements. Cheers. Ed P.S. – I…

By L. Randall Wray Deficit hawks raise three objections to persistent federal government budget deficits: a) they pose a solvency risk that could force to government default on its debt; b) they pose an inflation, or even a hyperinflation,…

The market is engaged in a discussion over what the Federal Reserve will do next. St. Louis Fed president James Bullard published a provocative paper about ratcheting up quantitative easing to avoid the Japanese dilemma. Conversely, Philly…