crisis

If you recall, I have been warning for a while now that hedge funds were going to take a beating. There are many progosticators out there including Nouriel Roubini which feel that many hedgie bankruptcies are on the way. Below is a…

Due to the market crash today, I will be making extra heavy posts. But, rather than over-post on the blog, I will be posting news items in the News Feed. Please check My News Feed in the sidebar.

The 30-Year U.S. Treasury began to be issued in 1977. It's yield at 3.86% is a record low as a flight to safety is underway. I have to repeat: this is a market crash.

This morning in an e-mail exchange with Marshall Auerback, I questioned why the U.S. Dollar was rising so precipitously. I do understand much of this has to do with a need to refinance dollar-denominated borrowing by international…

For those of you who have been following things, you know we have had three panics since the credit crisis began. The first was in August 2007. The 2nd after Bear Stearns collapsed and the third was creeping up after IndyMac and the GSE…

While I am markedly more upbeat of late about economic matters, I still harbor some deep concerns about the direction of both the global economy and resultant political stability. The Washington Post columnist Anne Applebaum has summed…

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 recession and new concerns in emerging markets and Asia will cause writedowns…

As you may have figured out from my recent commentary, I am a lot more bullish on global markets than I was just two weeks ago.  I feel that we have passed a very important stage in this credit crisis and that the panic phase is over --…

Last week, I wrote a cheeky little post called "The Panic is over," in which I argued that the Panic phase of this crisis would ebb and the more chronic problems of excessive debt, leverage and recession would move center stage. Of course,…

So, I am back in the saddle after a great weekend in Palm Beach. And three days almost entirely away from Newspapers, Televisions, Telephones, and Computers is a very good thing to clear the head. (Although I did happen to catch Sarah…