crisis

When was the last time an unsustainable economic situation was solved without a crisis?  Seriously, that's a question. I can't think of one.  The way I see it, politicians are always focused on the short-term and that invariably…

In a note to investors today, Win Thin of Brown Brothers Harriman noted that contagion has spread to core Europe with France now paying more for debt. France is coming under scrutiny, with one astute market contact noting that France…

I will be out-of-pocket for most of the morning, so posting may be light.  I may have a brief word about the jobs number or you can catch some of it on my twitter feed. In the meantime, here are the links Must-reads: European Credit…

A combination of ill-thought out comments by the new Hungarian government coupled with a surge in the Swiss franc is seeing the forint drop like a rock and is seeing CDS on Hungary explode. Many Hungarian mortgages are denominated in…

Charlie Gasparino rips Warren Buffett for his stance on the ratings agencies and their role in creating the financial crisis. Here's the money quote: He believes that a sleazy business and it makes a lot of money so he's gonna own…

The following is an hour-long speech Nouriel Roubini recently gave based on his new book Crisis Economics–A Crash Course in the Future of Finance (Penguin Press, 2010). This is probably the most complete framing of the credit crisis by…

Win Thin of Brown Brothers Harriman is out with a note, remarking on the Eurozone contagion now moving to the core.  Questions about France and a potential ratings downgrade are now circulating. Thin says: France is coming under…

Deepwater Horizon Gulf Oil Production by Water Depth - Paul Kedrosky 1997 Warning on Deep Blowouts: ‘Options Are Limited’ - Dot Earth Blog - NYTimes.com WELL CONTROL Ultra-deepwater blowouts - how could one happen – Offshore…

Hat tip Paul Kedrosky

Must-read: The Crisis in Spain La Caixa cree que la fusión con Caixa Girona beneficia a Cataluña - ABC.es Spanische Regierung kündigt weitere Einsparungen an (Wirtschaft, Aktuell, NZZ Online)  Spain labor reform deadline…