Credit Writedowns

In the lead-up to the credit crisis, I really didn’t write a considerable amount about second mortgages despite my focus on credit writedowns. At that time, I was more focused on writedowns from securitized mortgage paper (and later…

I post this one half tongue-in-cheek (hat tip Scott).  A picture of Ben Bernanke was shown round to players from the Super Bowl’s Indianapolis Colts (once a local team here in the Baltimore-Washington area, but that’s another…

A while back I wrote a post called A populist interpretation of the latest Boom-Bust cycle that used a passage from Jared Diamond’s Pulitzer Prize-winning Guns, Germs and Steel on kleptocracy as a jumping-off point for a larger discussion…

With stocks now up significantly from March 2009 lows, a mild correction has been underway for the past two weeks.  Even if it risks becoming a major correction, we will still be well above levels just 6 months ago.  But that has…

This is an update on trade and protectionism because the last posts I wrote on protectionism were in December. Since then, the only two major events on the protectionist front happened last Friday. Canada and the Buy American Fiasco The…

On Fox, Fox News’s Chris Wallace Grills Fox News’s Sarah Palin - Swampland - TIME.com BBC News - UK economy 'faces crisis' warns former IMF economist Greek Ouzo crisis escalates into global margin call as confidence ebbs - Telegraph…

Does Monsters Acquisition Of Yahoo! HotJobs Matter If The Internet Is The Job Board? Is Tim Geithner Paying Attention To the Global Economy? - The Baseline Scenario Blankfeins $9 Million Bonus Is PR Genius - Deal Journal - WSJ…

This post was originally published at A Fistful of Euros Well, as reported over the weekend on this blog, the EU Commission did in fact demand “more sacrifices” from the Greek people, and in the end Prime Minister Papandreou had to make a…

Most Read Jim Chanos still bearish on China, talks malinvestment If PIIGS Could Fly After Greece and Portugal, does Spain come next? Weaker eurozone manufacturers losing competitiveness Greek bailout news On depreciation,…

John Mauldin’s latest is about spotting asset bubbles and the potential government policy response. But he also has a lot to say about the latest employment situation survey and the situation in Greece with an apt comparison to the U.S. In…