Credit Writedowns

For a few months now, I have been wondering where all the hedge fund fallout from global market turmoil was hiding. Now it seems that the turmoil in the hedge fund world is becoming more apparent -- hedge funds are imploding left and right…

The FDIC has a chronology of the Savings and Loan crisis on its website. I think they do a pretty good job of highlighting all the key points without slanting things for political purposes. See the link at the end of the post for the…

Yesterday, Nouriel Roubini, Professor of Business at New York University and most prescient prognosticator of the bubble, gave an interview to Bloomberg Radio. This is one of the most comprehensive interviews I have heard him give. It is…

The next time you hear someone say that things are worse than the Great Depression now, do me a favor and smack them upside the head for me, please. This is the kind of nonsense you hear nowadays and we need to dispel these myths right…

In her interview with Sarah Palin, Katie Couric asked the vice-presidential candidate what newspapers she reads to get current on world affairs. Palin's response was: "ALL of them." Take a look at the video below.Before the last week or…

Times are tough! So, what should we do? Escape, of course... to house heaven. I have a few dream spots where one could move to forget about all the market turmoil to start things off right in our round-up.For those of you who want the…

Today was an up day on Wall Street. After a day of untold carnage and pain in markets around the globe from Tokyo to London to New York and back again, we seem to have found a relief rally. There is still much work to be done, but enjoy…

It's not 777 points, but 485 points up will have to do for anyone who is not excited about a market crash. Financials were way up today despite the fact that Paulson's Economic Patriot Act was torpedoed by Congress. Let's savour the…

Everyone's dancing and cheering now that the bailout has been rejected. So, as Ice-T used to say, "Bust the cork on the Moët!" (image via Flickr).The market's up 500 points and all is well and swell. The guys over at Lombard Street Research…

The headlines about home prices are pretty dire, showing a record plunge in home prices of 16.3% over last year. In reality, it's not all doom and gloom. So, let's dig behind the headlines about the S&P/Case-Shiller Index released…