credit

The Absolute Return Letter, June 2010 “You cannot turn a pig’s ear into a silk purse, and there is no point in pretending that an economy like that of Greece could somehow become a mini-Germany ”with appropriate resolve and discipline”.…

By Richard Davis of Consumer Metrics Institute, Inc. Below is an addendum to the update sent out on Tuesday, addressing new data reflecting changes in consumer behavior concerning their debt: The Consumer Metrics Institute's Personal…

Highlights The US dollar has begun the new month off on strong footing against both and emerging market currencies.  The yen is the sole exception.  There are three drivers today.  The first is economic data from China and…

Well, here I am spending my last day in Sitges, attending the annual meeting of the Circulo de Economía (which is why I have been so silent of late). This annual meet-up tends to attract many of the leading participants in Spanish economic…

Mohamed El-Erian, the CEO of PIMCO, the world's largest bond fund, says the new normal for industrial countries is low growth, re-regulation and deleveraging.

The following is the weekly commentary from Comstock Partners, which makes the point that debt deleveraging is a multi-year event and that we are in the early stages of this deleveraging cycle. ...market reactions are widely out of…

Bill Gross is a bond guy. And in the bond world, the return of capital counts for a heck of a lot more than the return on capital. So, naturally, with debts being socialized from the private to the public sector, Gross has been asking…

A short story inspired by the German shortselling ban. Once upon a time there were four little pigs and the time came for them to leave home and seek their fortunes. Before they left, their mother told them "Whatever you do, do it the…

Meredith Whitney sounds off in today's Wall Street Journal about small businesses. She is worried about the lack of credit they are getting and its effect on the tenuous economic recovery in keeping the unemployment rate high. She writes:…

You hear the term "double dip recession" bandied about in the media a lot these days.  But there is no strict definition for what a double dip recession is or what it actually means to an economy. Have no fear; At the…