Credit Writedowns

The US Department of Agriculture highlights how the United States in the last decade, despite increased aggregate wealth, slid back significantly in terms of food insecurity as measure of poverty. With everyone now focused on the…

Economist's View: "China and the American Jobs Machine" (And don't fall into the Blame Asia Meme https://bit.ly/pseaY) 买黄金! | egghat's blog (This German post says that owning gold was illegal in China six years ago. Now the…

Below is a CNBC video with Meredith Whitney in which she joins Nouriel Roubini on the doom and gloom parade.  Over the summer, both Whitney and Roubini were fairly optimistic. In June I said: Think of the consensus forecast as an…

Marc Faber is in a bullish mindset, particularly on gold. In a wide-ranging interview with CNBC TV-18 in India, Faber talked about where he sees markets headed and why he thinks gold will never drop below $1,000 an ounce. Private sector…

This is a crucial question because Devon Energy, the Oklahoma-based independent oil and natural gas producer has just decided to put billion of dollars in Deep sea Gulf of Mexico assets on the market. Canada’s National Post reported:…

There are a lot of threads to tie together in today’s reporting of news in the auto sector. General Motors has reported a third-quarter loss of $1.15 billion. But all indications are that car sales continue to outpace expectations in the…

Max Keiser certainly has a way with words. In one of his latest TV appearances, using the colorful analogy of “Warren Buffett’s toilet paper,” he calls the U.S. dollar worthless. He goes on to say that China is addicted to this worthless…

Bailed-out Anglo needs €5.7bn cash but EC eyes wind-down - Independent.ie Colts 35, Patriots 34 - Colts Pull Off Improbable Win as Patriots’ Gamble Backfires - NYTimes.com Paul Krugman - World Out of Balance - NYTimes.com Pay…

Nouriel Roubini, writing in the New York Daily News , said on Sunday that “unemployed Americans should hunker down for more job losses” given the likelihood of a job less recovery. This was as gloomy a piece as I have seen from Roubini in…

Japan Economy Accelerates, Reducing Danger of Renewed Recession - Bloomberg.com Economist's View: Fed Watch: Should the Fed Be Doing More? China rounds on U.S. rates as global economic risk The Best F**king Book About the…