Credit Writedowns

Chilean Quake Likely Shifted Earth’s Axis, NASA Scientist Says - Bloomberg.com Strong demand for 30 year gilt auction | Business | guardian.co.uk GM to recall 1.3 million cars in North America FT.com / Europe - Spanish jobless rate…

Marc Faber talks with Bloomberg about the outlook for US shares, saying he believes the market could correct 20% if the S&P reaches a new high (above 1150). That’s the definition of a cyclical bear market, by the way. Faber also…

This is a post by Edward Hugh, who also blogs at Global Economy Matters. According to data released today from the Swedish statistical office Sweden unexpectedly fell back into recession in the fourth quarter, adding to the impression…

The February 2010 Manufacturing ISM Report On Business® was released this morning. It indicated that the manufacturing sector was slightly less robust in February than January, with the PMI slipping from 58.4% to 56.5%. As 50 is still the…

A lot of media outlets have noticed that, despite George Soros’ protestations about the rise in gold prices being excessive, Soros Fund Management have invested a lot more money in gold after he made his apparently gold-bearish calls. …

A few words about the last link.  When I checked, there were 600+ comments on the post about the Washington Hospital Center firing nurses for the “gross misconduct” of missing work during blizzard conditions.  The comments were…

This is a post by Edward Hugh, who also blogs at Global Economy Matters. Global manufacturing activity continued to expand in February, albeit at a slightly weaker pace than in January. At 55.2, down slightly from 56.1 in January, the…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. The Financial Times carried a story in the weekend edition quoting a couple…

Daniel Kahneman says a refusal to admit complexity leads people toward a simplistic view of their own self image. He sees a difference between our "experiencing selves" and our "remembering selves" and how these two…

That’s the question on everyone’s mind and the one Bill Gross of Pimco attempts to answer in this month’s Investment Outlook. He starts out defining the problem as a lack of aggregate demand – the Keynesian understanding of depression.…