Credit Writedowns

Quite funny.

Source 2008 Political Landscape Map - Washington Post

If you were not convinced about the severity of the present recession in the United States before, then the ISM Manufacturing index data for October will serve as a wake-up call. The index plunged to the deep recessionary level of 38.9…

This past weekend, the FDIC closed yet another bank, Freedom Bank of Bradenton, Florida. The bank had total assets of $287 million and total deposits of $254 million. Super regional Fifth Third, based in Cincinnati, Ohio will take over…

Our News Feed Many Homeowners Think They’re Immune to Price Declines - Real Time Economics“We're seeing a fascinating distinction in consumer psychology — on the one hand, homeowners appear to understand the reality of today's economy and…

By now, you are familiar with the carry trade, where one borrows in one's own currency in order to invest in higher yielding foreign assets, often times with significant leverage. The Japanese were famous for making this trade in…

When the Euro was formed, bond traders looked askance at Southern European sovereign debt, which trade at a considerable premium to debt from Germany, France and the Netherlands. In those days, the Southern European countries developed the…

Legg Mason unit to cut one-third of jobs - FT AlphavilleReuters reports Legg Mason plans to cut a third of the jobs at a unit run by value stock picker Bill Miller after its assets more than halved this year. The Economist endorses . . .…

Subscribe to Our News Feed CBS posts $12.5 billion loss with writedown - Reuters NEW YORK (Reuters) - CBS Corp reported a massive quarterly loss on Thursday, as a rapidly deteriorating advertising market tarnished the TV and radio…

This post is a guide to understanding the GDP deflator, which the government uses to arrive at the economic growth numbers we all hear on TV or read about in the newspaper. This post is the product of a lot of background research and…