News round-up: 17 Aug 2008 – weekend edition lite

| 17 August 2008 08:00

Housing
U.S. subprime collapse reaches Welsh town – LA Times (LA Times take on interconnectedness of post-bubble world)
American housing – home economics – Economist (optimism)
American housing – ticking time bomb – Economist (pessimism)
Dr. Doom [a profile of Nouriel Roubini] – NY Times (the pessimist’s pessimist; very good exposé)

Nationalism
Russia resurgent – Economist (nationalism is a topic I will have to address)
New York Law to Russian Claw – Portfolio (good piece on Georgian premier Saakashvili)
China: Humiliation & the Olympics – NY Review of Books (hattip naked capitalism)

Gold and black gold
Gold falls below to $800 an ounce – BBC News (just a pullback in my opinion)
Pickens says oil won’t go below US$100 – National Post (interesting prediction from Pickens)

I’m gonna sue
New Hampshire Sues UBS Over Student Loan Securities – Deal Book (UBS has been a lawsuit magnet)
UBS sees light through the gloom – Fin24 (At least they’re optimistic)
Judge Rejects Countrywide Settlement – NY Times (BofA has some trouble on its hands)

Money changers
Bradford & Bingley cash call ends – BBC News (demand was weak)
The Impact of Negative Real Interest Rates – Safe Haven (the height of irresponsibility)
Fannie, Freddie debt faces confidence crisis overseas – Reuters (maybe this accounts for spread widening!)

Odds & Ends
Pubs ditch Sky football as credit crunch bites – Guardian (no football with my pint?)

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Related Posts
More About:

«
»

2 Comments

  1. avatar Anonymous says:
    18 August 2008 at 06:10

    Hi,

    Let me start by saying that I enjoy your blog very much.

    Switzerland-based Bank for International Settlements (BIS)has nice a study on international housing prices (http://finfacts.ie/irishfinancenews/article_1012464.shtml)

    Cheers

  2. avatar Edward Harrison says:
    18 August 2008 at 11:23

    The BIS has been a consistent voice of reason amongst the cacophony of financial market prognosticators. Thank for the link.