Credit Writedowns

Wow! We see the word "Deflation" everywhere; we see it in every financial publication and hear it every time we turn on financial TV. We see that the pundits who were bearish because of runaway inflation have just recently…

Courtesy of FinViz.com, these heat maps give you an idea of the breadth of the stock market rally. Look at the year's heat map to see what a broader recovery in shares looks like over a longer time frame. My takeaway is that the rally in…

Andy Lees who does Macro Derivatives Strategy at UBS says the Euro has a lot farther to run to the upside. You will recall that I mentioned his comments in May regarding the makings of a technical countertrend rally for the Euro. Now, he is…

Link of the day Inside China’s gated communities for the poor - The Globe and Mail The Usual Fare News Analysis - Afghan Deadline Is Cutting Two Ways - NYTimes.com Banks accused of 'disingenuous' capital claims - view from dc -…

Happy Thursday. Here are a few videos to liven up your morning (warning: strong language). Hat tip Scott. Also see Best Buy Trying To Fire Employee Over Those Hilarious EVO Versus iPhone Videos from Tech Crunch. And here's the latest…

Here's how one well-respected equity analyst sees yesterday's performance by Federal Reserve Chairman Ben Bernanke: The Fed has a disconcerting power over the financial markets The Fed is calling the tune – that much is clear. Many…

From the Brown Brothers Harriman Currency Strategy Team Highlights US dollar is softer across the board so far today vs. the majors, as markets regain a semblance of calm after Bernanke’s comments yesterday.  Markets await Friday’s…

Here's a video with Michael Mauboussin talking about his recent piece for Legg Mason called "Untangling Skill And Luck." Here, he talks about trying to resist the classic temptation to be a closet momentum investor who runs and…

Grantham argues that a disproportionate share of the US economy is devoted to financial services.

Here are the links for today. I have been doing double duty because I am doing the links over at Naked Capitalism too while Yves is away. I appreciate link suggestions from readers, by the way. So ping me with links via twitter, which I use…