Credit Writedowns

You heard the quotes (China slams U.S. profligacy). Here's the video. After some brief introductory remarks Chinese Premier Wen gets down to ripping into the United States. If you want to get right to his most quotable remarks, they begin…

Here it is, my daily smörgåsbord of links from around the web. As usual, these links spathe world of economics, finance and politics. But, I will also start inserting a few links on technology as well because I am a bit of a technophile.…

You may have heard about the Rags-to-riches movie "Slumdog Millionaire" which recently won a Golden Globe for Best Picture. I saw the film and thought it was brilliant. Nevertheless, not everyone agrees with this sentiment, as the video…

Bill Gross, the founder of PIMCO and manager of the world's largest bond fund, has just released his most recent Economic Outlook. In it, he takes a tack regarding the fix to the present turmoil in the markets with which I disagree.…

Seasonal adjustments for jobless claims are wearing off, but the uptick in claims remains. U.S. Jobless claims for the week ended January 24th came in at 588,000, up slightly from the previous week. Meanwhile, continuing claims reached a…

Bloomberg has a good interview from the World Economic Forum at Davos with Nouriel Roubini and Robert Shiller on the credit crisis and banking industry. The video is below. Enjoy.

Smarting from Tim Geithner's comments about China manipulating, its currency, the Chinese have retaliated with a condemnation of U.S. economic policy in the harshest of terms. At the World Economic Forum, Chinese Premier Wen went on the…

Here are some worthwhile contributions from the econblgger world I think you should definitely read.

In November, the U.S. federal agencies which oversee the banking system proposed new guidelines for real estate appraisals. One would imagine that these guidelines would be in keeping with the new more stringent regulatory frame of mind…

A few months ago, the Germans were very resistant to the notion that Germany would also suffer greatly in this global downturn. Yet, as the months have past, it has become increasingly apparent that exports from Germany and retail spending…