Credit Writedowns

My RSS Feed is spitting out 25 posts an hour for some reason.  I apologize for the nuisance.  We are working to fix it.

I am switching the links pattern to a nightly post to accommodate a new automated e-mail newsletter delivery.  Let me know if this works.  Cheers. Edward Swimming pools on foreclosed properties could harbor West Nile virus…

On Friday, when the BEA reports the initial 2nd quarter GDP numbers, it will do so based on completely revised historical data.  Expect some surprises. What is coming on July 31st is what is known as benchmark revisions of the…

The list of countries with deflation is growing by the month.  We have Spain, Switzerland, Britain, Ireland.  Now add Germany. German consumer prices fell for the first time in 22 years in July, official figures have shown.…

Yesterday, I mentioned that the housing data, while generally positive (the first uptick nationally in 34 months), contained some negative news due to seasonality. The crux of the problem lies in the strong tendency for house prices to…

Rio Tinto executive arrested in China 'was protester in Tiananmen Square’ – Telegraph worked for a state-run company, was forced to quit over Tiananmen Square. Harvard Professor Says Some Stupid Things – 538 Differences…

The S&P/Case-Shiller Home Price Indices for May 2009 were released today and the data showed a marked contrast to previous months. Fully 14 of 20 markets showed an increase in home prices in that month, making it the first time since…

Update: These clips have sadly been removed from YouTube. Clips from the 1987 PBS Film called Trader featuring famed investor Paul Tudor Jones are catching everyone’s imagination all of a sudden.  Is it that we are all secretly…

msnbc.com:Study: Texting drivers 23 times more likely to crash Don't do it! Google Sells Stake in AOL, Loses $717 Million Au pair lockar i sämre tider - DN.se Swedish article. Everyone wants to be an Au Pair now in this downturn.…

From the FT. Iceland’s bid to join the European Union received a boost on Monday when the 27-nation bloc’s foreign ministers agreed without delay to ask the European Commission for its opinion. The swift decision means that Iceland,…