In-depth analysis on Credit Writedowns Pro.

News from around the web: 2009-07-25

  • Bernanke: 25 mega-firms are systemically vital – MarketWatch

    That’s a lot more than the biggest banks we hear about

  • Economist’s View: From 1983: Health Care Reform in Canada

    Echoes of the debate today in the US

  • Eliot Spitzer: "The Federal Reserve Is A Ponzi Scheme" – Dealbreaker

    Watch this video

  • Steven Gerrard cleared … – Guardian
  • Bill Maher: New Rule: Not Everything in America Has to Make a Profit

    Hilarious whether you agree or not. I don’t agree 100% but I do like the part where he asks who the hell would want to own a prison.

  • Quantitative easing – Warren Mosler

    QE is nonsense since central banks don’t control demand for credit.

  • Money printing, debt growth and deficits don’t create prosperity, says Marc Faber – News, analysis, reports

    More interesting comments by Dr. Doom

  • Blogger Response to CNBC | The Big Picture

    Hilarious mock-up. Nice one, Barry.

  • The man who is allergic to Wi-Fi – Independent.ie

    Afterlife is among the 2% that have this. Are we affected too?

  • Emmanuel Adebayor blames Arsenal fans for his departure | Football | guardian.co.uk

    You reap what you sow.

  • FINA bans record-setting bodysuits in swimming – Yahoo! Sports

    Phelps will still be amazing though.

  • Japan sends U.S. letter on Buy American worries | Politics | Reuters

    Japan doesn’t like Buy American either

  • China’s Beijing Auto says fails in bid for GM’s Opel | Reuters

    Intellectual property going back to China was the issue

  • Brussels gives UK five years to fix RBS and Lloyds – Telegraph

    This comes via the EU Competition Commissioner

  • Economist’s View: "All Stimulus Roads Lead to China"

    Provocative piece, but unlikely to actually happen.

  • EconomPic: UK Economy Shrinks by Record Level

    Very ugly numbers from the UK.

  • In Finance, What Once Was Global Now Is Local – NYTimes.com

    wholesale retreat from global banking.

  • The Paradox Of Loyalty To Country

    Provocative thoughts on social psychology and patriotism.

  • Is your cat left or right pawed? – New Scientist

    Like humans, cats tend to prefer one paw over the other when tackling tricky tasks, find researchers

  • PJB: Has Obama’s Luck Run Out? ::: Patrick J. Buchanan

    Good piece comparing Nixon in 69 to Obama in 09

  • Senate to miss healthcare August deadline | Politics | Reuters

    You knew this was coming. Obama better hope the economy is better in the fall.

  • Michael Kinsley – In Henry Gates’s Arrest, Hard Realities and Human Nature – washingtonpost.com

    This thing just won’t go away. Gates says: "It didn’t matter how I was dressed. It didn’t matter how I talked. It didn’t matter how I comported myself."

  • Palin’s Favorability Ratings Drop — Taegan Goddard’s Political Wire

    Palin’s political ambitions are toast.

  • More Than Half Swedbank Mortgages in Latvia Exceed Collateral – Bloomberg.com

    Not looking good. Hat tip Claus Vistesen

  • Charles Krauthammer – Why Obamacare Is Sinking – washingtonpost.com

    I don’t usually like Krauthamer’s views, but he does make a few points.

     

    Distraction of the Day: United breaks guitars

  • About 

    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 and reads another five, skills 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. Edward also writes a premium financial newsletter. Sign up here for a free trial.