crisis

The following post is from John Mauldin, who is a Best-Selling author and recognized financial expert. He is also editor of the free Thoughts From the Frontline that goes to over 1 million readers each week. For more information on John…

Naked Capitalism's Yves Smith was on Fast Money at CNBC yesterday. She made a number of good points regarding the discussion on nationalization. One that particularly resonated with me was her assertion that the United States is…

Here is yet another post from early last year which presages all of the problems we are seeing today. As I have often written, the fake recovery is just an attempt to paper over these problems. It won't work. Where Ireland, Switzerland,…

This comes from Rueters Goldman Sachs Group Inc said several partners must cover margin calls triggered by the depressed value of Goldman stock and many of the firm's hedge funds, but the bank denied it is lending money to its executives.…

FT Alphaville has a post up indicating that the UBS EMEA economics team is much more sanguine about prospects in Eastern Europe than many market participants. The most important part of the UBS contents reads as follows: We don’t normally…

Below is a very good video called "Inside The Meltdown" about the credit crisis which appeared on PBS FRONTLINE last night. This is must viewing for everyone. The clip runs just under one hour.

In an interview with Swiss daily Tagesanzeiger, a well-known economist has warned that Switzerland risks bankruptcy, if the recent market turmoil centering on Eastern Europe is not contained quickly. At issue are loans made in Swiss Francs…

Chris Whalen is a well-respected banking sector analyst who often appears on CNBC and Bloomberg. Below he gives his view on Barack Obama's stimulus package speech and the need for banking sector restructuring. Below that is a video of…

The results of my poll are back and  according to readers we are clearly in Depression.  A plurality of you voted for depression with a small 'd,' edging out those who see Depression with a Big  'D.' I agree with this assessment as I…

Below is my translation from an excerpt in the Swiss newspaper NZZ: In 2008, the lucrative business with loans to U.S. students came to an abrupt end. Today, UBS sits on paper that could still be worth $8.4 billion - or less. The collapse…