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The Catch 22 of Eurozone Imbalances – Fighting the Debt Snowball
Edward does a nice job to sum up the flurry of the past week which saw the ongoing problems in Greece elevated to a full fledged systemic crisis in the Eurozone economy which, if it ultimately blows, will have ramifications far beyond the…
Links: 2010-05-02 Acropolis now and Greece’s bad omen
If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed. I like the first link below. However, it does move rather quickly from a discussion about Greece, which operates in a limited…
The Age of The Trader
I have written a number of posts which point to a shift in the center of power on Wall Street from the client-facing advisory business to the market-making trading business. I think understanding this shift is vital to understanding what…
Links: 2010-05-01 FDIC Failure Friday recap
Failure Friday News Scotiabank buys Puerto Rican bank - The Globe and Mail Regulators Close Three Banks in Puerto Rico - WSJ.com FDIC: Failed Bank Information - Bank Closing Information for Frontier Bank, Everett, WA FDIC:…
What A Difference A Day Made!
According to a once famous statement by the British Prime Minister Harold Wilson, a week can often be a long time in politics. But when it comes to financial market crises the situation often feels more like a line from the Dinah Washington…
The week in review at Credit Writedowns: 2010-04-30
Last week's most popular Albert Edwards: Global economy to roll over in six to nine months' time; bearish for shares Thinking about Creditanstalt today Andy Xie: I'll Tell You When Chinese Bubble Is About to Burst The…
Were the Goldman Senate hearings show trials or the precursor to reform?
On this edition of Peter Lavelle's 'CrossTalk' he asks his three guests including me whether the US Senate hearings humiliating Goldman Sachs are merely a show trial with the aim of watering down global financial reform. Take a look at what…
Out of control US deficit spending
Regular readers know that, while I have a little of what Marshall Auerback calls deficit terrorism in my DNA, I fully support fiscal stimulus as a means to arrest a deep downturn. The horrendous Keynesian nightmare My move into…
Links: 2010-04-30 On contagion, Ireland looks best, Portugal looks good, Spain looks worst
If you would like to receive our links in real-time please follow me at @edwardnh or go to our site’s News Feed (on site or rss). I also publish my links to my posts and some stories on my new Facebook page. Goldman Shares Down on…
US GDP growth rate is unsustainable; recovery will fade
The US turned in a fairly robust quarter in Q1 2010, with real GDP growth meeting expectations at 3.2% annualized. This comes on the back of a very robust annualized 5.6% growth in the previous quarter. This is the best growth two-quarter…