Credit Writedowns

Gallup’s monthly economic  survey breaks down the employment situation by region in the U.S.. No region is doing great, but the West is doing the worst and the situation is getting worse.  Here is what they say: During a week…

This is an important question which Brad DeLong asks (Hat tip Mark Thoma). Here’s the logic: Right now, if you ask the decisive members of congress—by which I mean the Blue Dog Democrats in the House, or the most conservative Democrats…

As I indicated earlier today, I generally see protectionism not as a second-best argument like Paul Krugman, but as something to avoid entirely.  Nevertheless, calls for more protectionism are being heard everywhere.  Gregory…

"This is definitely a threat on the horizon," said Blaise Ganguin, the agency's European credit chief. Some 75 companies large enough to be rated face likely default in 2010 as the slow-burn effects of the crisis hit home.…

AmTrust Financial, a privately held regional bank holding company based in Cleveland, has just filed for bankruptcy. With well over $10 billion in assets, AmTrust Bank is fairly large. The circumstances surrounding its failure are unusual…

After going bullish on bank stocks in April, two months ago I said most of the upside in bank shares was priced in. Since that time, shares have traded sideways to down.  I expect this trend to continue as headwinds like another wave…

Treating toddlers for autism boosts IQ later - New Scientist Goldman Gets All The Attention. Does J.P. Morgan Get a Free Pass? - Deal Journal - WSJ Roubini’s Bubbles Float on Flimsy Credit Source: Caroline Baum - Bloomberg.com…

Remember when the war in Afghanistan began 8 years ago?  I remember reading sarcastic cartoons on a site by David Rees called “Get Your War On.” Here are the first entries: Certainly something to think about given the announcement…

The most recent Gallup Poll on what Americans think is the best way to create jobs is a bit disheartening because it flies in the face of basic economics. Protectionism is the number one way Americans believe more jobs can be created. …

I wonder if the recent missteps with Opel and Saab had anything to do with this.  CNN Money reports: In a surprise move, General Motors chief executive Fritz Henderson resigned Tuesday, giving the battered government-owned…