Credit Writedowns

Bill Gross, the founder of the world's largest bond fund, PIMCO, is out with his new monthly market commentary. His subject: government involvement in the world of finance and investment. Below is a little of what he had to say. I have…

For a moment forget that Mark Mobius is talking his own book. He suggests in the video below that we are in the early stages of a new bull market for emerging markets. He does not suggest that it will be off to the races from the word go,…

Chrysler's Capitalist Pansies? - Paul Kedrosky Laugh out loud funny post here about the current Sunday-night silliness emanating from certain over-heated quarters over whether the government was or was not mean to investors who…

Martin Hennecke, a frequent guest on CNBC, is recommending that investors who have fled to cash and government bonds need to rethink that strategy.  He sees inflation on the horizon and warns that western sovereign bonds will suffer as a…

Last week I wrote a post suggesting that the Germans were getting tired of bailing out their banks and had moved to more draconian solutions to 'fix' the banking sector. Nationalizing Hypo Real Estate this week will be the first move in…

For most of the last few years, I have been labeled a perma-bear, that is someone who looks at the situation from a reflexively skeptical glass half-empty bias. One only need peruse our archives to get that impression. In fact, that is…

Interfluidity :: Continuous bankruptcy Suggesting an in-arrears convertible cumulative preferred equity. Cumulative means that if the issuing firm has skipped some dividend payments, the firm is said to be "in arrears", and…

This is a new, progressive economic policy blog from the Franklin and Eleanor Roosevelt Institute that launched on April 29th. The effort is lead by Robert Johnson, former Chief Economist of the US Senate Banking Committee. With…

Yesterday, I posted a video in which two auto experts argued that the dissident creditors were getting a raw deal (See "A discussion about Chrysler’s bankruptcy plan on Charlie Rose"). The crux of the problem is their belief that they were…

Warren Buffet speaks with CNBC in the lead up to the Berkshire Hathaway Annual Meeting.  He talks a bit about stress tests and Citigroup.  When asked about Wells Fargo, he says he administers his own stress tests and that Wells passes "with…