Credit Writedowns

I am starting a new list of articles on my reading list which point to the success of what Marshall Auerback calls "The Committee to Save Wall Street," with this Newsweek cover as a contrarian indicator. The point is that the…

Highlights The US dollar is consolidating yesterday’s decline and has largely been confined to narrow trading ranges.   With the Greek bill auction behind it, the market may lack a clear focus, but sentiment towards the euro…

I agree with Feldstein that a double dip is a risk (a much larger risk than many believe).  However, this presupposes that we are in technical recovery, one I believe began last summer. Also see Stuck in the Middle from Tim Duy's…

The Maginot Line, named after French Minister of Defense André Maginot, was a line of defenses which France constructed along its borders with Germany and Italy after suffering appalling damage and casualties during World War I. The French…

William White, the former chief economist at the Bank of International Settlements (BIS) gave an important speech at George Soros' Inaugural Institute of New Economic Thinking (INET) conference in Cambridge.  While everyone is casting…

Second Mortgages Vex Borrowers - WSJ.com U.S. Says Regulators Feuded Over WaMu for Years - NYTimes.com Tim Duy's Fed Watch: Stuck in the Middle FT Alphaville - Tracy Alloway - Robbing Pedro to pay Paul (of Greece) … AIG,…

Highlights The US dollar is broadly mixed today.  Details of the funding facility for Greece have spurred strong gains in the euro, lifting European currencies in general.  However, the greenback is holding its own against the…

New Economic Thinking The Central Bank as “Deal of the Last Resort”? Koo, White, Soros and Akerloff videos from inaugural INET conference Greek Sovereign Debt Crisis Angela Calling Update Angela Calling Galbraith, Stiglitz and…

With so much going on at the moment and so many themes fighting to claim the main market discourse, I am in the mood for some random shots. First of all and to my continuing regret I have never actually got to thank Niels C. Jensen from…

US military warns oil output may dip causing massive shortages by 2015 | The Guardian S'okay, We're Good. America's Back – Paul Kedrosky Full Text Of EMU Statement Of Support For Greece | zero hedge Mark Hulbert – Why Timing…