Credit Writedowns

Germany's finance minister Wolfgang Schäuble wants to save the euro but he doesn't seem to be very flexible about his negotiating tactics. He says Germany will support Greece if default is imminent, but they will receive nothing until then.…

If you’re really good at making a pigs ear of things, why not join the EU? Of course, this is not meant as a piece of solid advice, rather it is a cry of frustration at being impotently forced to watch so many things done so badly, each in…

I must say, Bill Gross is really sour on events in the United States these days. His monthly works are getting more and more populist. And it's interesting to see how he can segue from his introductory populist screed into a cogent…

Marc Chandler is the global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar is riding high today, with broad based gains…

Lehman Head Bryan Marsal has warned that Wall Street had not learned its lesson in the credit crisis and that another megabank bankruptcy is likely. Marsal made the remarks while in Berlin for a bankruptcy conference in an interview with…

Edward Chancellor, author of the seminal book on financial speculation and manias “Devil Take The Hindmost,” is now turning his eyes to China.  He sees a number of red flags which point to excess in China. Chancellor writes:…

FiveThirtyEight: A Closer Look At Inflation Bob Herbert – An Absence of Class in the G.O.P. – NYTimes.com Leveraged Buyout Revival Seen in Default Swaps: Credit Markets – Bloomberg.com Rio Tinto blocked from attending China trial…

This is a post which originally appeared at New Deal 2.0 by Eliot Spitzer and Joshua Rosner. Eliot Spitzer is former governor of New York. He blogs for Slate.com.  Joshua Rosner is managing director of an independent financial services…

I am highlighting this March 2010 post because it best represents my view on the structural changes needed in the euro-zone. I suggest setting up a pre-funded European Harmonisation Fund that can get fiscal policy harmonised and help to…

Marc Chandler is the global head of Brown Brother Harriman’s top ranked Currency Strategy Team. For more of BBH’s currency views, please visit the BBH FX website here. Highlights The US dollar is firmer, but still stuck in trading ranges,…