Credit Writedowns

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Must reads How P&G Plunge Derailed One Investor | TheStreet.com Congress blocks indiscriminate IMF aid for…

Highlights The euro has recovered from yday’s low, but the risk remains strongly tilted to the downside and so this is a good selling opportunity (see below). The EU Fin. ministers have disbursed the first tranche of loans to Greece…

German Finance Minister Wolfgang Schaeuble told reporters in Brussels today (Monday) that getting their deficits down was “the only task that everyone has to fulfill for himself and for the common good.” Meanwhile, over in New York, Paul…

Long-term interest rates are really a series of short-term rates smashed together. The real reason that the Federal Reserve would lose control over short-term interest rates is because the economy was operating at full capacity and creating…

This is the title of a recent article in the French Les Echos. And this goes directly to my recent commentaries about competitive currency devaluations as a potential course of action going forward. It seems likely that the depreciation of…

You hear the term "double dip recession" bandied about in the media a lot these days.  But there is no strict definition for what a double dip recession is or what it actually means to an economy. Have no fear; At the…

We need one of these! Citi invented the ATM, right? I wonder if Citi is on to this?

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at@edwardnh. German stories Run auf Münzen: Deutschland im Goldrausch | FTD.de German Municipalities face €15-billion shortfall - The…

In March I wrote an American version of this post which pointed to the bailout culture in America as a major reason I fear a depressionary relapse. American policy makers have shifted private losses onto the government's books while…

Highlights Euro weakness intensifies as we start the week, risk-off trades dominate and the US dollar and the yen are the winners in the current context, still. There was no fresh ‘bad news’ from the EZ, but sentiment is extremely poor,…