Credit Writedowns

This has been making the rounds. Colbert at his best.

Naomi Klein on how corporate branding has taken over America | Books | The Guardian Glenn Greenwald – Salon.com – Krugman, Gruber and non-disclosure issues National Briefing – Southwest – Arizona – Parks Are Casualties of Budget…

Most Read Readers of this blog expect the recession to last redux The housing bubble: In Bernanke's defense? Obama: The Transactional President John Mauldin: 2010 Forecast: The Year of Uncertainty Randall Wray: Fire…

Hat tip gaius marius. Rogers is not just bullish on agricultural commodities. He is bullish on oil too. Rogers says: Over the next decade or so, oil is going to go much, much, much higher because known reserves are declining at a very…

Back in June I asked you all “When will the U.S. economy recover?.” The response was basically either “there will be no recovery to speak of” or “recovery is a long way off.” The poll results are embedded below. I asked a similar…

This is a post which I originally published at New Deal 2.0. Ed mentioned yesterday in his post Credit crises, market equilibrium, economic policy and fiat currencies that both the neoclassicals and the Obama Administration believe the…

There is an easy way to donate in order to help victims of Tuesday’s earthquake in Haiti. The American Red Cross has set it up so that you can make $10 donations by cell phone. From your cell phone, send a text message to 90999 with the…

Ironically, this whole Leno – Conan thing is turning into a media bonanza for these guys (not that Letterman isn’t having his fun too). Take a look at Conan’s latest. Also see this 1992 article showing how Jay Leno refused to do the…

Geithner says was not involved on AIG disclosures| Reuters Volcker Voices His Views in a Vacuum – WSJ.com Banks, experts eye possible ways around Obama fee FT.com – Inflation looms in China and India FT.com – Separating…

Sheila Bair is a straight shooter. And as such, she laid it on the line today in her prepared remarks before Congress.  Her remarks were on the money on several counts. I will highlight just a few with commentary followed by the…