Credit Writedowns

FTD.de | Erinnerungen an den Mauerfall: Merkel hat nach der Sauna rübergemacht Top brains shun Ireland as smart economy withers - Independent.ie  (Science funding is drying up) Bank of Ireland set for state ownership - Independent.ie…

I have just taken a look at the consumer credit figures for September, released just yesterday by the Federal Reserve. The data do show some modest deleveraging, especially when looking at the recent increase in nominal GDP. However, it is…

Warren Buffett And The G20 - The Baseline Scenario On dollars, commodities, China, imbalances and oligarchs A close look at the new antitrust allegations against Intel - Ars Technica Intel paid dell to limit AMD shipments. G20…

This is classic.

The Canadian daily National Post has a good piece out today that highlights how the ‘Buy American’ provision is being seen in Canada.  Many see it as an affront that America could and would favor domestic firms over those of its…

Of the five, United Commercial is pretty darn big ($11.2 billion in assets) United Commercial Bank San Francisco, CA As of October 23, 2009, United Commercial Bank had total assets of $11.2 billion and total deposits of…

China on Friday accused the US of protectionist and biased trade policies less than a week before president Barack Obama’s first visit to Beijing. In a stinging rebuke to Washington, China’s commerce ministry promised to take…

In my recent post about the capture of the Obama Administration by the financial services lobby, I said it was irrelevant whether they were deliberately looking to line the pockets of the banking industry. This is an important point as you…

While I see the job numbers as pretty much what was expected, the data do make clear that we are seeing a major jobless recovery. David Rosenberg has a piece out today that goes right to the heart of the issue: All we can say is that if…

David Michael Green: Can You Hear Us Now? We still want change. Hat tip Lavrenti. Marc Faber has short term concerns about commodities, says gold may drop to US$800 - Business Intelligence Middle East Is this rally over the top…