financial news

Topic of the Day: Britain's Austerity Budget What I didn't say on the BBC | Credit Writedowns It Is Not Just John Maynard Keynes, It Is Milton Friedman Who Is Being Thrown Over the Side - Grasping Reality with Both Hands FT.com…

Highlights The US dollar is trading heavier today as Asia and Europe sold into the strong gains scored in North America yesterday following yesterday’s surprise Chinese rate hike.  Of the majors, the euro and Australian dollar are…

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The Foreclosure Mess-a Follow-up | The Big Picture FT.com - Joseph Stiglitz - It is folly to place all our trust in the Fed Felix Zulauf Podcast, 16 Oct 2010 - King World News The disastrous US debt drive | Steve Keen | Commentary |…

Highlights The US dollar has been put back in the driver seat as the Central Bank of China raised its one-year lending and deposit rate by 25 bps.  In effect, the move by the Chinese has drawn capital out of risk and reaffirmed the…

Highlights The dollar continued to edge higher through the Asian session, even making ground against the yen. EUR/USD slipped back towards $1.39, erasing the gains from the North American session, ahead of Germany’s ZEW report out later…

The presence of an article in the links section at Credit Writedowns is not an endorsement of the views presented. However, it is a suggestion that the article is topical and worthy of your attention. If you would like to receive our links…

Highlights The US dollar is broadly higher as the correction seen before the weekend was extended through the Asian session.  In Europe, the greenback’s gains have been pared, but it remains above last Friday’s high against the…

How propaganda is disseminated: WikiLeaks Edition - Glenn Greenwald - Salon.com BBC News - Merkel says German multicultural society has failed Public Bravado, Private Doubts at Countrywide - NYTimes.com Guest Post: So Why Did the…

Krugman: We Need $8-10 Trillion Worth of Quantitative Easing: Paul Krugman says the Fed would have to print multiple trillions of dollars to close the output gap. That's not going to happen. The implication is that money printing is all…