crisis

This comes via Win Thin at Brown Brothers Harriman: Fitch downgraded Spain to AA+ from AAA and inexplicably with a stable outlook.  Stable?  Spain should be downgraded multiple notches.  This comes a few weeks after…

Increasingly policy makers and investors are thinking about the consequences of the European financial crisis. The following focuses on two such consequences that are unlikely to appear on other lists.

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.

Below is a video of the conversation on News Night last night in the UK about the European Credit Crisis. Participants were Hugh Hendry, Gillian Tett and Jeffrey Sachs.

The GDP and jobless claims data in the US was mildly comforting regarding recovery. However, looking forward all indications are that, with falling money supply, government retrenchment and crisis in Europe, the foundations of a sustained…

Nothing is so bad, that it isn't good for something. So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard-burdened Eurozone policy makers and investors are finding it hard to find any kind…

Here are two stories that I have picked up on in the last hour that demonstrate how contagion spreads during a panic. Both stories involved the strongest of actors within the Eurozone. The first story is from Spain. The Wall Street Journal…

This post by Paul McCulley,a Managing Director of PIMCO, is from a speech McCulley gave at Levy Institute and it comes via John Mauldin. Edward Harrison has inserted the images. They are not in the original. Enjoy. John Mauldin,…

If you would like to receive our links in real-time please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now. Must Reads: Crisis in Europe Germany May Extend Short-Sale Ban to All Stocks, Ministry Says -…

Strong upward pressure on the dollar emanating from the European debt crisis and the tensions on the Korean peninsula apparently was countered by intervention from several Asian central banks. At one point the dollar was nearly 5.25%…