Willem Buiter

Today's links are dedicated to the banking crisis in the U.S. and Western Europe and to posts from my econblogging brethren. Below are my links for the day divided into three sections. Enjoy.

This will be a bit longer of a preamble. Despite my bearish calls, I am feeling a bit tense about all of this market turmoil. Almost all of my calls are going the right way: oil, bank stocks, the general market, gold, Treasuries. Currencies…

Let's get right to the heart of things. It's the credit writedowns. They are coming and they are large. First, is Deutsche Bank coming in with a 4.8 billion Euro loss for the quarter. That's massive. The word on the street is that Deutsche…

Earnings season has finally begun, with Alcoa leading the way. They produced a major loss yesterday as expected. The question going forward is whether we will see any upside surprises. If we do, that might support stocks. I am not expecting…

Every time I write a links post this year, I fear getting the year wrong and writing 2008. It is hard to believe we have a new year already. It has kicked off with a bang too. Did you see treasuries yesterday? They were bloody awful.…

A number of the following posts are fairly controversial and I present them not so much because I agree, but rather because the ideas presented or the news is worthy of your attention. I highly recommend the Willem Buiter piece at the end.…

On a recent Bloomberg Radio with Tom Keene broadcast, Harvey Pitt and Arthur Levitt, two former SEC Chairman were guests. Levitt made the suggestion that hedge funds had once been given the choice of "regulation-light" or…

Federal Reserve is damned either way as it battles debt and deflation - Telegraph Federal Reserve is damned either way as it battles debt and deflation - Telegraph Xstrata falls on fears over covenant breaches - Telegraph US Fed's…

Today, I want to talk a little about ZIRP, economic pain and the Madoff fraud.

Hello again and happy Sunday reading. I have the useful rubbernecking fascination with Bernie Madoff again today. But, my focus is a bit different today. You will see a lot of stories about the UK. In the wake of the massive $11 billion…