Credit Writedowns

A post by John Tepper of Variant Perception via John Mauldin “My best guess is that we’ll have a continued recovery, but it won’t feel terrific. Even though technically we’ll be in recovery and the economy will be growing, unemployment…

What Happened To The GDII Meme? Early in 2009 I caught an article from the Canadian daily National Post about David Rosenberg and wrote up a post about it. Here's what the National Post wrote: Now, he predicts the carnage will…

We have been watching the change in the ECRI Leading indicators as a predictor of economic activity.  I have posted a few times on this, first in April, then again last month. All along the way, it has been the rate of change in the…

Marc Chandler is the Global Head of Currency Strategy at Brown Brothers Harriman. The Russian despot Vladimir Lenin was a big fan of Frederick Taylor.   Taylor's time and motion studies revolutionized the work process by boosting…

I have been very hawkish on protectionist rhetoric in the past, going so far as to call it the major risk to continued economic growth. However, I was on BNN's Headline show at lunchtime yesterday with Stacy-Marie Ishmael of FT Alphaville.…

Must-read: On China, Trade and Protectionism (more on this in the next post) FT.com - China export surge stirs US anger The Usual Fare FT.com - Gillian Tett - Europe’s antipathy to stress tests is well founded EconomPic:…

Hell, it seems, knows no fury like the financial markets being told you are about to become the next Greece. The poor Vice President of the election-winning Fidesz party, Lajos Kosa, had no idea what was in store for him when he calmly…

This is a question I have been struggling with since the sovereign debt crisis began.  So let me run a little of it by you.  This may be half-baked but I would love some comments. In a perfect world, we would have full employment…

The unexpectedly large drop in US May retail sales has perversely boost the dollar in early North American trading as risk is taken back off. The 1.2% drop is the largest fall since late Q3 09. The slight upward revision tot he April…

Highlights The US dollar is mixed in choppy trading as yesterday’s sharp moves are consolidated.  The shallowness of the euro’s pullback suggests continued position squaring may be taking place.  Some short-term momentum players…