Credit Writedowns

This isn’t about economics anymore, this is now about who does what, when, and how everyone else reacts. Certainly the news that Greek bonds hit another post-EMU record high yesterday can hardly be said to have come as a surprise. 10-year…

Marshall Auerback here with some thoughts on how problems in the Eurozone conflict with Washington's export agenda. A recent poll by Douglas Schoen and Patrick Caddell suggests that swing voters in the US, who are key to the fate of the…

Highlights        The US dollar has surrendered yesterday’s gains against most of the major foreign currencies, after the upside momentum stalled in North America yesterday.  The recovery of US…

Here are a few interesting tidbits from the Wall Street Journal from around this time in 1931. I missed this one, but it is pretty good historical info. 16 April 1931 Head of Spanish provisional govt. N. Zamora pledged Spain will be…

Goldman Sachs: a history of controversy - Telegraph Extra Tax Refunds Giving Consumers A Short-Term Boost - Investor's Business Daily Excess, Shadow Inventory Threaten Fragile Housing Recovery: Fannie - HousingWire Economist's View:…

Chris Whalen of Institutional Risk Analytics talks about how the shift in power from I-banking to trading at firms like Goldman has invariably led to conflicts of interest where clients do not come first, something I first broached last…

This morning I attended a breakfast on financial reform hosted by the Agenda Project's Erica Payne. The purpose was to crystallize the issues most pertinent to the financial reform debate in these crucial weeks leading up to full Senate…

Falling commodity prices amid general position adjustment in the foreign exchange market is weighing on the Canadian dollar today. The Loonie is trading at its lowest level since late March.  The near-term risk seems to extend toward…

When I first wrote about the case against Goldman Sachs for fraud on Friday I said that my reaction was "largely positive" as fraud was a major factor in what led to crisis and it is high time regulators started to acknowledge this.…

Germany, UK demand Goldman Sachs probe| Reuters John Paulson Needs A Good Lawyer - The Baseline Scenario interfluidity » L’Affaire Goldman in price/information terms interfluidity » Goldman-plated excuses Iceland volcano could continue…