7 July 2010

The following is the press release released by the EU on the subject of the European Bank Stress Tests. There will be 91 institutions undergoing the tests. I have provided a list of the specific institutions below. The greatest number of…

Great video detailing explanations for why the financial crisis happened. Big hat tip to the Pragmatic Capitalist. I like this first aspect of the video and I LOVE the drawings. Very cool. Of course, you know that you're going to get…

Next on the calendar in less than 20 minutes: Spain vs. Germany

Listen to Paul Krugman in the first video with Bloomberg and then listen to Dennis Gartman in the second. The two seem to be arguing the same point – that the G-8 austerity position of higher taxes and lower government spending is the wrong…

Some reports suggest that the stress that European banks may be tested for include a 17% loss on Greek bonds and a 3% loss on Spanish bonds  German bunds and possibly French bonds will not be stressed--that is to say the stress test…

Must Read: Government and civil liberties The DISCLOSE Act: New Media, Old Politics, and the Fight for Public Data « The Scholarly Kitchen Also see Military: U.S. soldier to be charged in leak of strike video – This Just In -…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession  (McGraw-Hill, 2009). Discussions about municipal finance generally assume three…

The market awaits for the European Bank Supervisors to provide more details about the stress tests.  If the market has a better sense of the robustness of the stress tests it might lift some uncertainty among investors. There are…

Lately there has been much ink spilled (or at least the electronic equivalent) about the meaning in the downward shift of the yield curve, the significance of a two-year Treasury that sports a 5/8% yield, and a 10-year that trades in a new…

Highlights The US dollar is sporting a firmer profile against most of the major currencies but is largely confined to yesterday’s ranges.  The yen is a main exception and been bid higher across the board as risk appetites wane. …