Credit Writedowns

The link for the list of nominees for the 81st Academy Awards Ceremony is here. Here are my picks: Best Actress - Kate Winslet Best Actor - Mickey Rourke Best Supporting Actor - Heath Ledger Best Supporting Actress - Penelope Cruz…

This week's Barron's magazine highlights the abysmal state of the Manhattan real estate market. Manhattan was one of the last bubble markets to burst. Now, things are unraveling quickly, particularly at the high end. Some experts see…

The following post is from John Mauldin, who is a Best-Selling author and recognized financial expert. He is also editor of the free Thoughts From the Frontline that goes to over 1 million readers each week. For more information on John…

Naked Capitalism's Yves Smith was on Fast Money at CNBC yesterday. She made a number of good points regarding the discussion on nationalization. One that particularly resonated with me was her assertion that the United States is…

Frustrated savers are turning their backs on banks - Irish, Business - Independent.ie UBS warns of dire consequences from U.S. tax battle | Reuters Soros sees no bottom for world financial collapse | Reuters German 'bad bank' in Dublin…

We will be doing some minor site maintenance this wekend.  Site access will be interrupted briefly Saturday night/Sunday morning around midnight EST.

An ugly day in the markets has just ended with the financial services sector taking a beating in particular. Many shares in the sector trade for under $10. Bottom fishers might see this as a buying opportunity. Is it?

There is quite a buzz in the German press about Hypo Real Estate. But, what should really get oe's attention is its massive off-balance sheet exposures (hat tip Ulrich). The long and short of reports is that Hypo Real Estate has assets…

An Interview with Robert Shiller - The Atlantic

The Austrian Economists: Rick Santelli Rant Ken Rogoff says Fed needs to set inflation target of 6pc to help ease crisis - Ambrose Evans-Pritchard, Telegraph Japan department store sales down 9.1% in January - Japan Economy News &…