Credit Writedowns

A combination of ill-thought out comments by the new Hungarian government coupled with a surge in the Swiss franc is seeing the forint drop like a rock and is seeing CDS on Hungary explode. Many Hungarian mortgages are denominated in…

News wires report French Prime Minister Fillon claim that he only sees good news in the euro moving to parity to the US dollar only adds fuel to the current fire.  This seems like malign neglect in contrast to the benign neglect the US…

Highlights The US dollar trading higher just as the North American session is about to start.  However, position squaring in Asia and Europe had pushed short-term technical indicators into an over-extended condition and near-midday in…

By Comstock Partners In our comment of April 22nd we said that the impression that the economy was undergoing a normal economic recovery was highly misleading, and outlined a number of key economic series that supported our case that the…

By Chris Wood of Casey Research “We want to kick off 2010 with a truly revolutionary and magical product.” That was Steve Jobs, preaching to a packed house at the Yerba Buena Center for the Arts in San Francisco back on January 27, as…

Max and Stacy talk about Twitter hashtag manipulation, elections in Reykjavik and the BP oil spill for some good fun.  Later in the episode I come on and ruin it with a little doom and gloom.  Take a look. OK, the BP stuff isn't…

On June 2, 2010, Joyce made a controversial call at first base, ruling baserunner Jason Donald of the Cleveland Indians safe. Had the call gone the other way, pitcher Armando Galarraga of the Detroit Tigers would have completed a perfect…

David Rosenberg, Chief Economist at Gluskin Scheff, has the following graph showing the dramatic drop in mortgage applications for home purchases in the most recent report from the Mortgage Bankers Association.   It is interesting to…

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). Investing in stocks is marketed as believing in America. Imbedded is the…

Links Bargeldverbot in Schweden - MM News Higher wages in China: good news for the economy | beyondbrics | FT.com UK house prices are now less than 10pc below their record peak - Telegraph James Hamilton: What drives the…