Credit Writedowns

Jeff Clark, Senior Editor, Casey’s Gold & Resource Report While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport is…

Hugh Hendry opines on strategy, George Soros and the euro. He believes the euro "is finished" for many of the same reasons I worry about the euro zone – namely that it acts like a deflationary gold standard for euro zone members.…

G-20 Thoughts I am going to be talking about the G-20 tomorrow at 700 London Time/1200 East Coast Time on BBC World News. The key issue is fiscal consolidation. I am taking the German side of this (see Why I am siding with the Germans on…

I am going to take the German side of the argument on the euro zone’s need for fiscal consolidation. It’s not that I like wearing a hair-shirt. Hardly. It’s because the Europeans have no other choice if they are to avoid higher interest…

Often when global investors think about high yielding Latam debt, Brazil is the first country to come to mind.  And for good reason.  Brazil’s local currency debt offers among the highest yields in the world.  On a 2-year…

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). (Reuters) – "Secretary of State Hillary Clinton on Thursday…

There is nothing preventing the Federal Reserve from buying up any financial asset it so chooses with money it creates out of thin air. In fact, I seriously doubt that the vaunted bond market vigilantes would be able to cause US interest…

Here’s the more sober and serious analysis from the McChrystal Affair courtesy of PBS. Also see: Political Fallout of McChrystal Ouster Examined – PBS News Hour Afghanistan Policy, Goals Reexamined Upon McChrystal Departure – PBS…

Highlights The US dollar is little is generally firmer.  However, the main driver is not really the greenback but heightened risk aversion and fears of a renewed economic downturn given the austerity in Europe and weakness in the…

It looks like regulatory reform might have some teeth from the latest updates from Josh Rosner.