Edward H. posted an article on Credit Writedowns - 59 minutes ago
Treating toddlers for autism boosts IQ later – New Scientist Goldman Gets All The Attention. Does J.P. Morgan Get a Free Pass? – Deal Journal – WSJ Roubini’s Bubbles Float on Fli...
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Edward H. posted an article on Credit Writedowns - Dec 2, 2009, 9:38 am
Remember when the war in Afghanistan began 8 years ago?
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Edward H. posted an article on Credit Writedowns - Dec 2, 2009, 8:59 am
The most recent Gallup Poll on what Americans think is the best way to create jobs is a bit disheartening because it flies in the face of basic economics. Protectionism is the number one way Americans...
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Edward H. posted an article on Credit Writedowns - Dec 1, 2009, 4:53 pm
I wonder if the recent missteps with Opel and Saab had anything to do with this.
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Edward H. posted an article on Credit Writedowns - Dec 1, 2009, 4:06 pm
This comes via the Wall Street Journal: Highway-construction companies around the country, having completed the mostly small projects paid for by the federal economic-stimulus package, are starting t...
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Edward H. posted an article on Credit Writedowns - Dec 1, 2009, 3:52 pm
The latest ISM numbers are in for the U.S., showing that the manufacturing sector expanded for a fourth consecutive month in November. The overall number was weaker in November at 53.6 than last month...
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Edward H. posted an article on Credit Writedowns - Dec 1, 2009, 3:30 pm
House prices in Britain rose another 0.5% in November, putting them up 2.7% year-on-year. This is the seventh consecutive month of gains. All of the charts are looking spectacularly good. The only fly...
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Edward H. posted an article on Credit Writedowns - Dec 1, 2009, 2:56 pm
Below is another great article from John Mauldin via his weekly newsletter, this time featuring John Hussman who is talking double dip and depression. My last post shows I am very concerned about this...
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Edward H. posted an article on Credit Writedowns - Dec 1, 2009, 1:53 pm
From the site News from 1930: National City Bank notes epidemic of bank failures, and that “processes of deflation operate in a vicious circle” but is nevertheless optimistic: “obviously this s...
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Edward H. posted an article on Credit Writedowns - Dec 1, 2009, 11:27 am
Given the spate of articles in the business press about this country or that country facing a potential debt crisis, I wanted to write a bit about sovereign debt crises. In my view, economic stimulu...
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Edward H. posted an article on Credit Writedowns - Nov 25, 2009, 10:01 am
Unemployment claims dropped dramatically to 466,000 this past week. This is the best data on the unemployment front we have seen in a long time. The prior week’s claims were also downwardly revised ...
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Edward H. posted an article on Credit Writedowns - Nov 25, 2009, 9:05 am
The New York State Court of Appeals has ruled that the Atlantic Yards basketball project can go forward as planned, dislocating the residents in the Brooklyn, NY area where the stadium is to be built.
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Edward H. posted an article on Credit Writedowns - Nov 24, 2009, 3:53 pm
Here’s a nice little music video on Alan Greenspan and all that he has wrought. Hat tip Scott. Share and Enjoy: Readers who viewed this page, also viewed:Meredith Whitn...
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Edward H. posted an article on Credit Writedowns - Nov 24, 2009, 2:54 pm
The Case-Shiller Home Price Index has increased yet again. This marks the fifth consecutive monthly increase in house prices in the United States. Prices are now only 11.3% lower in the Composite-10 c...
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Edward H. posted an article on Credit Writedowns - Nov 24, 2009, 11:59 am
From Reuters: A deal by General Motors Co GM.UL to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure. GM had been aimi...
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Edward H. posted an article on Credit Writedowns - Nov 24, 2009, 11:04 am
Fed asks U.S. banks to submit TARP repayment plans | Reuters FT.com – Obama knows chest-thumping and China don’t mix BBC News – US consumer confidence edges up but remains subdued Gal...
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Edward H. posted an article on Credit Writedowns - Nov 24, 2009, 9:19 am
Remember the fabled Goldilocks economy that we had during the Great Moderation: A Goldilocks economy is a not too hot or cold economy, sustaining moderate economic growth and a low inflation allowing...
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Edward H. posted an article on Credit Writedowns - Nov 24, 2009, 8:28 am
The Financial Times reports that British regulators have now opened up to reveal more of the details surrounding the emergency aid banks received during the most acute periods of stress to date in the...
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Edward H. posted an article on Credit Writedowns - Nov 24, 2009, 7:53 am
Bonds like this. Let’s see how the stock market reacts to this. Pre-market data show no big moves. From the BEA: Real gross domestic product — the output of goods and services produced by l...
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 10:41 pm
Two weeks ago as the Financial Reform Bill was wending its way through Congress, Paul Kanjorski emerged as the champion of breaking up too-big-to-fail financial institutions.
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 7:49 pm
My post title is an ode to Yves Smith, who likes to feign surprise when the blindingly obvious finally comes into plain view for all to see. The latest sign that underneath the surface weakness remain...
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 6:55 pm
This story is on the front page of Business Week: Detroit Mayor Dave Bing is struggling to save his city from fiscal calamity. Unemployment is at a record 28% and rising, while home prices have plung...
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 4:09 pm
Hat tip Prieur du Plessis. Share and Enjoy: Readers who viewed this page, also viewed:News from around the web: 2009-11-23Barack Obama: “if we keep on adding to the debt&h...
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 3:42 pm
Bruce Krasting: FDIC on REO Sales: Keep’em in the Dark! Greece tests the limit of sovereign debt as it grinds towards slump – Telegraph Economist’s View: "What if a Recovery Is All...
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 2:57 pm
This is a pretty wonkish post but I hope you appreciate the concepts presented. I made some allusions to modern monetary theory in a recent post when I asked, “If the U.S. stopped issuing treasurie...
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 12:09 pm
In this post: A few thoughts about the limitations of government Our founding fathers How large should government be? How policy helps frame the debate Where we are headed In a ...
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 8:46 am
After British chain WHSmith backed out of a deal with Borders, the U.S. megastore bookseller is desperately looking to stave off bankruptcy and Chapter 7 liquidation. I love Borders and have been an...
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Edward H. posted an article on Credit Writedowns - Nov 23, 2009, 8:06 am
This comes via Deal Book at the New York Times. The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 pe...
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Edward H. posted an article on Credit Writedowns - Nov 22, 2009, 4:50 pm
FT.com – Could sovereign debt be the new subprime? (Excess reserves are one reason to buy Treasuries) Kathleen Parker – Kathleen Parker: Judging Sarah Palin by her covers – washingt...
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Edward H. posted an article on Credit Writedowns - Nov 22, 2009, 8:38 am
Saturday Night Live’s China-U.S. press conference is pure comedy. It captures the Zeitgeist pretty well. The Mrs. Obama part at the end, though, was way over-the-top
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Edward H. posted an article on Credit Writedowns - Nov 21, 2009, 11:42 am
The deficit problem: Dealing with America’s fiscal hole | The Economist The Washington establishment suffers a serious defeat – Glenn Greenwald – Salon.com Fed Beaten: Bill To Audi...
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Edward H. posted an article on Credit Writedowns - Nov 21, 2009, 7:00 am
Below is another great article from John Mauldin via his weekly newsletter. John Mauldin, Best-Selling author and recognized financial expert, is also editor of the free Thoughts From the Frontline t...
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Edward H. posted an article on Credit Writedowns - Nov 20, 2009, 3:16 pm
This is a post I just wrote over at Yves Smith’s site Naked Capitalism in response to a reader request. Marshall Auerback has already written a reply as well and I will post this later today. A rea...
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Edward H. posted an article on Credit Writedowns - Nov 20, 2009, 12:58 pm
This comes via Gallup: The latest Gallup Daily tracking results show 49% of Americans approving of the job Barack Obama is doing as president, putting him below the majority approval level for the fi...
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Edward H. posted an article on Credit Writedowns - Nov 20, 2009, 10:06 am
Morgan Stanley’s piece on Treasuries Priced for Perfection…for Now! is pretty bearish. The basic gist is that while the ten-year represents fair value today, because inflation expectations hav...
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Edward H. posted an article on Credit Writedowns - Nov 20, 2009, 8:55 am
Valero Energy has just announced it is shutting down its Delaware City Refinery.
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Edward H. posted an article on Credit Writedowns - Nov 20, 2009, 7:50 am
Nationwide Says British House Prices May Fall on Job Losses – Bloomberg.com Investors ask Goldman to be less greedy: report | Reuters BBC News – Tobacco firm Philip Morris to pay out $30...
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Edward H. posted an article on Credit Writedowns - Nov 20, 2009, 7:14 am
Video embedded below Share and Enjoy: Readers who viewed this page, also viewed:Marc Faber: I advise every American to hold his gold outside of the United StatesIs the State of...
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Edward H. posted an article on Credit Writedowns - Nov 20, 2009, 12:22 am
The Mortgage Bankers Association is reporting that nearly one in ten households with mortgages are at least one payment behind.
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Edward H. posted an article on Credit Writedowns - Nov 19, 2009, 3:59 pm
I pick up Bill Gross where I left him on Friday.
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Edward H. posted an article on Credit Writedowns - Nov 19, 2009, 2:33 pm
I have written extensively about how I believe the bank bailouts were the worst of all possible solutions – fixes that perpetuate too big to fail, moral hazard and crony capitalism.
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Edward H. posted an article on Credit Writedowns - Nov 19, 2009, 1:59 pm
Video embedded below. See also Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired – Yves Smith Share and Enjoy: Readers who viewed this page, also view...
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Edward H. posted an article on Credit Writedowns - Nov 19, 2009, 12:04 pm
Here’s another interesting piece from Randall Wray, the economics professor from University of Missouri-Kansas City (that same school which employs Bill Black of “The Best Way to Rob a bank is to ...
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Edward H. posted an article on Credit Writedowns - Nov 19, 2009, 10:12 am
The Rise and Fall of Empires – Paul Kedrosky (cool visual) FT Alphaville – A Minskian roadmap to the next gold mania At Failed Banks, Post-Mortems Disclose Excessive, Yet Obvious, Risk &...
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Edward H. posted an article on Credit Writedowns - Nov 19, 2009, 9:02 am
Initial jobless claims for the past week were 505,000, tied with last week for the lowest since January. This brings the 4-week average down to 514,000, the lowest since November of last year and the ...
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Edward H. posted an article on Credit Writedowns - Nov 19, 2009, 8:07 am
I want to take a break from banking and macro stuff and talk a little bit about technology. I wrote an article about Android a few weeks back. That was a more personal account on why I was switching f...
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Edward H. posted an article on Credit Writedowns - Nov 18, 2009, 3:38 pm
Hat tip Rolfe Winkler. Share and Enjoy: Readers who viewed this page, also viewed:Dilbert on the asset-based economyMeredith Whitney: “I haven’t been this bearish in...
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Edward H. posted an article on Credit Writedowns - Nov 18, 2009, 2:16 pm
After a huge fall off in credit consistent with the fall in nominal GDP, we are seeing credit stabilise at a lower level. Debt to GDP ratios may not be lower, but as GDP is lower, so too is credit in ...
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Edward H. posted an article on Credit Writedowns - Nov 14, 2009, 3:46 pm
Deluge of Pleas to Spare Oreo, Dog Thrown Off Roof – City Room Blog – NYTimes.com Bob Herbert – A Recovery for Some – NYTimes.com Bair calls U.S. bank bailout not a good thing ...
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Edward H. posted an article on Credit Writedowns - Nov 14, 2009, 2:06 pm
Today, I want to run a few thoughts by you courtesy of John Mauldin.
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