crisis

I mostly liked this video but I ask "Is this an accurate depiction?"  It definitely has a slant – one that I don't necessarily agree with and that seems political. The subtext at the beginning of the video:…

See video below for a discussion of this theme (hat tip Barry Ritholtz). This is a very good video for learning about how debt deflationary spirals are created by the "fallacy of composition" and how it applies to countries in a…

by Edward Hugh According to Spanish Prime Minister José Luis Rodríguez Zapatero speaking in an interview with the Wall Street Journal last Tuesday the European sovereign debt crisis is over. "I believe that the debt crisis affecting…

So Larry Summers is out. From the Obama economic team, Peter Orszag and Christina Romer  preceded him. This looks to be a wholesale turnover at the top given the departures of Axelrod and Emanuel on the policy side as well. So now…

Here are some quick thoughts on what's happening in Ireland. The Irish situation is mostly about the collapse in the economy due to a huge run-up in private sector debts. This has been complicated by Iceland-style bailouts for an outsized…

According to former German finance minister Peer Steinbrück, AIG's rescue had a lot to do with European pressure. Steinbrück: The investment bank Lehman Brothers collapsed on Sept. 15, 2008, and the world's largest insurance company,…

Unlike Mr. Market who seem to be in full risk-on mode at the moment I am a bit handicapped on account of an awfully slow internet connection which is why posting is unusually slim at the moment. Another part of the market which seems to be…

Highlights The US dollar is mostly lower today, with sterling leading the way. Corporate acquisitions, or talk of them at any rate, with the help of the second consecutive rise in the Halifax home price index, and as expected…

When people talk about the recent sovereign debt crisis they make a lot of sweeping statements about debt and currency which allow them to make false analogies. This does us all a disservice because it creates a false impression about the…

By Annaly Capital Management Ireland’s rating downgrade by Standard & Poor's on August 24 and the related news of its struggling millstone, Anglo Irish Bank , bring our attention back to the ongoing challenges facing sovereign entities…