Credit Writedowns

Also see: Twitter Has a Plan to Make Money With Ads - NYTimes.com Library of Congress to Preserve Tweets for Eternity – Mashable Bit.ly Links Get Clicked 3.4 Billion Times A Month, New Features Coming – Tech Crunch The…

JPMorgan Chase had a blowout quarter for earnings. We're talking earnings of $3.3 billion for the quarter here.  That's up over 50% from last year's already high $2.1 billion. Does that signal an increase in lending? No. If you read…

Embedded is a report by Thomas Ferguson and Jie Chen of the Roosevelt Institute which sought to determine the likely cause of the epic Scott brown victory in Massachusetts Senate Race. Their analysis points to economics as the overriding…

Brazil reported much better than expected Feb retail sales and this is encouraging expectations of a 75 bp rate hike later this month and allowing the real to extend its winning streak for the fifth consecutive session.  The real has…

WaMu Chief Killinger Didn’t Trust Goldman Sachs, E-Mails Show - BusinessWeek German threatens legal challenge over Greek aid: report| Reuters FT Alphaville » Greece – ‘It’s not that different’ Observations: Happy or sad, emotions…

I hadn't intended to write this post, but I caught the back end of a lot of chatter about the Swedish banking crisis response and needed to set the record straight on what actually happened in Sweden. Andrew Ross Sorkin wrote what I would…

Just yesterday, a Special Investigation Commission report was released in Iceland which criticized the handling of the country's top three banks and the crisis that ensued when they collapsed. Seven top officials were said to have acted…

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). Alan Greenspan's reputation has a whiff of terminal decline after his…

Are 'Austrians' Self-Hating Keynesian Economists? - Coordination Problem Greek Bailout, Lehman Deceit, And Tim Geithner - The Baseline Scenario Lehman Used ‘Alter Ego’ to Transfer Risks - NYTimes.com World oil demand to hit record high…

Marshall Auerback here with some further thoughts from the Institute for New Economic Thinking’s recent kick-off conference at Cambridge University. It might appear ironic to commence a conference ostensibly centered on new economic…