crisis

For those of you concerned about the Fed's risky behavior, its ballooning balance sheet, and its acceptance of dodgy collateral, well you may be about to see whether the American democracy can allow this unchecked power to continue without…

This past week I have been particularly distracted by the political headlines in the run-up to the U.S. Presidential election, so I apologize if I have missed a few stories in the financial press.The writedowns do continue unabated and we…

Teddy Forstmann, one of the co-Founders of LBO giant Forstmann Little & Company, sounded the alarm earlier this year on the credit crisis. In an article from the Wall Street Journal that I chronicled here, Forstmann warned of impended…

This morning, the markets are looking wonderful. All the Asian markets were up with the Nikkei (Japan), Kospi (S. Korea) and Hang Seng (Hong Kong) up 10%+. The European markets were way up right out of the gate. And despite bad GDP…

I have not posted all day because I have been spending most of the day doing site maintenance -- importing the data from the credit crisis timeline into a database, which will make it a lot easier to update, backfill and make changes to the…

This week, I can practically repeat what I said last week verbatim - so, I will.Writedowns continued unabated despite the easing global credit markets. While we should see a bear market rally due to this easing, the ill effects of a global…

I ran across a very disturbing news item today that is getting a lot of press in Germany. Apparently, the leveraged finance community is getting routed at the German Automaker VW. The crux of the situation is that Porsche, which controls…

As with everything else, the bailout of the U.S. banking system is going to have unintended consequences. One of them seems to be giving exactly those firms that wasted billions of shareholder money a chance to double down. Flush with…

The recent movement in global markets has me scratching my head a bit. You have people dumping gold and the Swiss Franc in order to invest in the U.S. dollar and Treasury securities. Everyone says it is a flight to quality. I do not…

In the last few weeks, the currency market is where the action has been. We have witnessed massive moves in every major currency and in some not so major ones. To my mind, all of this is a prelude to some sort of currency crisis. This…