Credit Writedowns

The following is a post by Marc Chandler, 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 was largely weaker…

Detroit homes sell for $1 amid mortgage and car industry crisis | Business | The Guardian Aides say Coakley will seek reelection as attorney general – The Boston Globe Depression’s Upside – NYTimes.com Bankruptcy looms, Greek PM…

This is a post by Edward Hugh, who also blogs at Global Economy Matters. In the time of my confession, in the hour of my deepest need When the pool of tears beneath my feet flood every newborn seed There’s a dyin’ voice…

The following is a post by Marshall Auerback, who also writes at New Deal 2.0. We’ve persistently taken the view that there is no economic doctrine, no magic number, which would imply a firm external constraint as far as public…

The following is a post by Marc Chandler, 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 was largely weaker vs.…

Tomorrow morning I will be at a conference on financial reform hosted by the Roosevelt Institute in New York City.  As far as bloggers go, I know that Yves Smith of Naked Capitalism and Mike Konczal of Rorty Bomb will also be there. So…

The following is a Wall Street Journal video on the sovereign debt crisis in Greece. Also see the associated article in the Wall Street Journal: Greece Set to Outline New Austerity Measures Wednesday.

Most of us have about 20 years to secure our retirement - from our mid 40s to our mid 60s. That has been an absolute disaster for my generation, with inflation-adjusted returns on a global equity portfolio being down about 23% over the past…

I came across an article in the FT by Gideon Rachman which examined “How Reagan ruined conservatism.” It is an interesting piece which claims that traditional conservatives abhor populism and respect knowledge, while the Reagan Revolution…

The following is a post by Marc Chandler, global head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Greek bonds are continuing to recover from the sell-off at the end of last…