Credit Writedowns

U.S. SEC charges Sunwest Management with fraud - Reuters FT.com - Ukraine risks unrest as ills worsen China built enormous stake in US equities just before crash - Telegraph Moody’s: US Credit Card Debt Indicators Continue to…

Bezos talks to Charlie Rose about internet retailing, the new Kindle 2, and more.

The following is a translation of an article by Dr. Artur P. Schmidt, a well-known economist and economic journalist in Switzerland. Schmidt is also a keynote-speaker, who speaks regularly about new media, technology, future trends and…

The Absolute Return Letter March 2009 "Many of today's policy proposals start from the view that "greed" and "incompetence" and "poor risk assessment" are the ultimate source of what went wrong. In fact, they were not the true cause at…

Oppenheimer has a research note out today that calls Tim Geithner an "evil genius." The genius moniker comes from the steady creep up the capital structure, giving Geithner access to huge pools of money as the Treasury dials for dollars.…

Bill Fleckenstein is a well-known money manager and write over at MSN Money. He has been fairly bearish on the medium-term outlook for U.S. equities and technology stocks in particular for some time. His viewpoint stems from what he sees…

Banks do not have enough tangible common equity to make the grade on Tim Geithner's stress tests. That means the government will have to step in and bail them out. I will call this creeping nationalization. Paul Miller of FBR Capital…

Marshall Auerback here. Unlike Ed, I like to call a spade a spade regarding the Obama Administration's economic gurus. The more they screw up, the greater the number and depth of the crises, the greater the responsibility/ power Obama…

Happy snow day!

Predictions that the savings rate would increase as the Depression in America took hold are coming true. The Bureau of Economic Analysis reported that the savings rate in the U.S. hit 5%.