Credit Writedowns

All of the debt ratings from Albania to Zimbabwe as well as whether the revision outlook is positive, stable or negative and when the rating was first placed.

Goldman Whitman says she regrets now-banned stock deals through Goldman Sachs - San Jose Mercury News Goldman boss Lloyd Blankfein denies moral obligation towards clients – Telegraph David Prosser: Goldman Sachs is just the…

Q: Will Greece default? Here are the possible answers for the poll (embedded below on the site)? No, they will take the necessary austerity measures plus receive enough support from the EU and IMF. Yes, but they will stay in the…

I was on two TV programs talking about Goldman today. That's actually a first.  Of course it's always nice to asked to speak about finance away from Credit Writedowns and I will provide you with the videos and some commentary later…

FT Alphaville - Neil Hume - ‘Some horrendous Keynesian/monetarist nightmare’ Václav Klaus: „An Griechenlands Krise ist der Euro schuld“ - FAZ.NET HAMP = Foreclosure : The Implode-o-Meter Blog Nationally, 60% Favor Letting…

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). Problems of state and municipal finance worsen. Governors announce new…

The following is a guest post by Polyvios Petropoulos, a former university professor of economics and management in the US. Petropoulos contends that, since the IMF charges a maximum rate of 3.5% in other interventions, one would expect…

German Chancellor Angela Merkel is feeling pressure to force German banks to take a haircut on Greek debt by both her own party and opposition leaders (like Frank-Walter Steinmeier, the former Vice Chancellor and now head of the opposition…

Highlights The US dollar has recovered from the decline seen in North America yesterday against the major European currencies.   The take away from the price action is not however one of consolidation, but rather that good dollar…

SocGen's Albert Edwards was out with a note today which is in line with my calls for a marked slowing of the economy toward the end of this year. He indicates that the rate of change in leading indicators in the real economy and in markets…