Credit Writedowns

Bernstein: Best Value In Junky Names - CNBC.com It sounds like Bernstein is moving to the dark side. Obama Approval Stays Steady -- Political Wire "A new Pew Research survey finds President Obama's approval rate steady at 55%…

One other reason to sell the dollar is interest rates.  Why not borrow in dollars where interest rates are low and invest elsewhere where yields are high?  This is what is known as the carry trade. In the past decade, the Japanese yen…

In late August, I wrote a post called “Getting bearish again” in which I said that the bear market rally I had anticipated back in March was long in the tooth.  At the time, I mentioned 1026 on the S&P 500 as a sell signal. …

Marshall Auerback here. I have been posting at an interesting new site called New Deal 2.0. You may have seen Edward linking out to articles on the site. Edward saw an article I wrote there recently and asked me to post it here as well…

I just finished reading a Financial Times article about the likely coordinated global policy solutions to emerge from the upcoming G-20 meeting in Pittsburgh.  It does not sound like there is a huge amount of consensus. Indeed, it…

The jobless claims numbers have been telling us the same thing for weeks now, namely that the employment market is still weak but that layoffs are gradually slowing. But,  the unadjusted number of initial claims dropped 59k last week…

Ireland to Pay 54 Bln Euros For "Bad Bank" - NYTimes.com "Finance Minister Brian Lenihan told parliament on Wednesday that the government would demand a 30 percent haircut for parking commercial property loans with a…

via the Hartford Courant (Hat tip Scott).

Stephen Roach doesn’t mince words.  He calls monetary policy during the bubble years “reckless and irresponsible” and he thinks politics is thwarting any meaningful regulatory reform, a view I also hold. I think the point of Roach’s…

Bair spoke to CNBC’s Maria Bartiromo about the Fed as a single regulator, her agency’s available capital, premiums for deposit insurance, FDIC seizures, private equity buyers and much more. The video is below and runs just under 11 minutes.…