Europe

In July, I made my ten predictions for the markets and global economy for the rest of the year. Some of my predictions were pretty pedestrians, and some were fairly bold. Let's take a look and see how I'm doing.Here's what I originally…

The Federal Reserve, the Bank of England and the European Central Bank led a coordinated rate cut effort as the official response to the biggest financial crisis since the Great Depression gathers steam. The official response in Europe and…

The Guardian is reporting that Gordon Brown and his Labour Government are increasingly on the defensive as the number of governments in Europe guaranteeing deposits increases.The first problem for the Prime Minister was that Building…

I have been a bit on edge of late because of the credit crisis that is making headlines. Recently, a lot of people have been duped into believing that the economic crisis we are experiencing is not critical and have their eyes focused…

The Europeans have no idea what is about to hit them. Their banking system is collapsing and European politicians are fighting amongst themselves. At French President Nicolas Sarkozy's crisis summit, the politicians were unable to craft a…

Marshall Auerback here. I have a quick thought regarding the credit crisis and bank lending in the US. If the real purpose of the Paulson Plan is recapitalization more than reliquification, and if the Scandinavian public recaps of their…

Below is an article I wrote that appears in this morning's Guardian Newspaper in the UK. The crux of the article is that European politicians need to realise that their banks are not immune from the crisis that has hit the United States and…

UPDATE: 9:30 AM ET: This post has been updated to reflect the events surrounding Fortis. On Friday, I warned that European government officials like Peer Steinbrück of Germany should refrain from chastising the U.S. and the U.K. over…

I just spotted an interview in L'Express with George Soros while he is in France plugging his book on the credit crisis. His overall point is that markets are not efficient. They tend to excess. Present regulatory controls and banking…

The troubled French bank Natixis is asking its shareholders to pony up billions in additional funds -- but at a huge 61% discount. This is a bank that is in deep trouble. Every country has one bank on the brink from Bradford & Bingley…