Credit Writedowns

I just read a CNBC story which fails to mention CNBC’s involvement in the apparently erroneous report that Nouriel Roubini has suddenly become more bullish. Is this omission justified?  The controversy centers on statements Roubini…

Here is a video released by Karl Denninger of Market Ticker in which he shows exasperation with CNBC’s pro-bullish bias.  He notes that CNBC used comments by Nouriel Roubini to suggest the economy is rebounding faster. Denninger sees…

China market value overtakes Japan's | The Japan Times Online Can you say bubble? Video - NASA Releases Restored Moon Landing Video - WSJ.com The original tapes were copied over, so these are restorations of copies. "NASA…

Below is a very good hour-long interview I spied earlier today with Janet Tavakoli, the author of a new book ”Dear Mr. Buffett.”  Hat tip Zero Hedge. I also linked out earlier today to a piece she wrote over at CNN on “What Wall Street…

Back in the 1970s, a Japanese car would be laughed off the road in America as a cheap poor man’s vehicle. But thins changed. Remember the Datsun 240Z? That was a car that showed us the Japanese were for real.  Datsun became Nissan and…

I found a number of interesting articles this morning – a lot outside of finance and economics.  So I am putting out another links post. Enjoy. I wasn’t impressed by China’s high reserve and GDP growth numbers A lot of interesting…

While Citi and BofA are getting taken to the woodshed for double secret probation, JPMorgan Chase is showing record revenue of $25.6 billion and a large profit of $2.7 billion.  As profit is up 36% from a year earlier and 27% from just…

On the surface this week’s jobless claims data look very good. Initial claims came in at 522,000, the best since the first week of the year and pulling the 4-week average below 600,000 for the first time in about six months.  Moreover,…

Finance and Economics US group calls Fed 'tarnished,' demands risk monitor - Reuters Donaldson and Levitt don't want the Fed as SiRR. Securitization Group Wants Greater Risk Disclosure by Lenders - HousingWire What Wall Street owes…

I have highlighted comments by famed Columbia University economist Jagdish Bhagwati before (see “Jagdish Bhagwati: Obama is a protectionist”).  Bhagwati has since gotten with the program and sees Obama in a much more favourable…