Credit Writedowns

We have seen a host of manufacturing sector data over the past few days. Most of it has been pretty good and the data demonstrate that the global recovery has continued. Nevertheless, reviewing the data from the US, Europe, China and…

Let me wade back in to the jobs data this week. First, this morning we saw that ADP reported non-farm private employment had increased a seasonally-adjusted 55,000 in May. This comes after the upwardly revised 65,000 increase in April and…

Facebook has been under fire of late because of growing privacy concerns amongst its users. At the centre of the debate is the company's constantly changing privacy rules for existing Facebook users.  On occasion, the company has moved…

Spanish savings banks, called cajas, are finally moving.  It took the central bank to take over CajaSur, which is controlled by the Catholic church in Cardoba, ten days ago to light a fire under the others.  There were about 45 of…

Highlights The US dollar is modestly lower against the major and emerging market currencies.  The key driver is really the absence of bad news and some position adjusting in the wake of stronger commodity and equity…

Charlie Gasparino rips Warren Buffett for his stance on the ratings agencies and their role in creating the financial crisis. Here's the money quote: He believes that a sleazy business and it makes a lot of money so he's gonna own…

This post on macro ideas affecting the global economy originally appeared at Alpha.Sources. With Edward Hugh busy mingling with the economic elite and literally saving Spain one step at the time I thought that it would be time for some…

Highlights The US dollar was mostly softer vs. the majors, but EUR/USD was sidelined for a day as the yen was the big mover on political uncertainty (see below).  We believe the euro bear trend remains intact, but that the pace of…

By: Jeff Clark, Senior Editor, Casey’s Gold & Resource Report Proper planning with your finances is incomplete until you consider the endgame consequences of your investment decisions today. So, what are the tax consequences of selling…

The following is an hour-long speech Nouriel Roubini recently gave based on his new book Crisis Economics–A Crash Course in the Future of Finance (Penguin Press, 2010). This is probably the most complete framing of the credit crisis by…