Gillian Tett

From the London School of Economics website: Below is an audio recording of approximately 78 minutes where Gillian Tett takes us inside the shadowy world of complex finance and derivatives and explains how the business of slicing and…

Berkshire’s Munger Favors ‘100% Ban’ on Credit Swaps - Bloomberg.com Berkshire Hathaway Inc. Vice Chairman Charles Munger said he supports an outright ban of credit- default swaps to prevent speculators from profiting on the failure of…

Today I saw two blurbs about Eastern Europe which I want to pull together with a bit of added commentary about the automakers in the U.S.  The first blurb had to do with the Baltics and their probable downgrade to junk by the ratings…

Markets Cheer Stress Test Double Speak - Yves Smith I think the title speaks for itself. Auctions for Troubled Property Loans Jump to the Web - NY Times Perhaps this additional channel for the loans will help clear the underlying…

FT.com - German business confidence rebounds A surprisingly sharp rise in German business confidence has provided further evidence that Europe’s largest economy is over the worst of its recession and is closer to returning to growth…

You may have seen Ed's post "Gillian Tett: Washington is talking to Swedes about banking crisis solutions" a week back about how the U.S. government was getting ready to talk to Swedish officials regarding the banking crisis. This is a…

Happy St. Patrick's Day. I hope you have a good one. Going forward in the links I will have a main link section of up to 15 links. But I will also add a few extra sections on: Blogs I have started following Technology (I am a tech…

Gillian Tett has written in the Financial Times that the Obama Administration is no talking to the Swedes directly about their solution to the credit crisis, suggesting a openness to potential banking crisis solutions. Next week, Bo…

Now that we have seen our massive 1000-point rally, we can come back down to earth and worry about the real economy effects that the credit crisis has already wrought and ho well money markets are going to respond to all this monetary…

Did you see that coming? What a train wreck of an end we had yesterday in the States. Things started off well enough with gains in Asian trading. The Europeans were a bit jittier, but it was within the bounds of reason. New York? That…