Jesse of Jesse’s Café Américain posted on the important subject of deregulation in his last post, “Why the Austrian, Keynesian, Marxist, Monetarist, and Neo-Liberal Economists Are All Wrong.” In it, he opined that it is entirely wrong-headed to assume everything will be alright if we just let free markets work their magic. I want to [...]

On Friday, in reporting on second quarter GDP statistics, I wrote with some skepticism about the underlying consumer demand which would underpin a sustainable recovery.  I do feel that the stage is set for recovery; Alan Greenspan thinks the economy has already recovered. However, I am worried that a double dip could result as much [...]

Update: These clips have sadly been removed from YouTube.
Clips from the 1987 PBS Film called Trader featuring famed investor Paul Tudor Jones are catching everyone’s imagination all of a sudden.  Is it that we are all secretly worried about a sock market crash?  Who knows.  It’s entertaining nonetheless and is a good piece of financial [...]

This is part two of the End of Wall Street series the Wall Street Journal is producing.
Chapter Two of A WSJ series: What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created hard-to-understand derivatives Warren Buffett once called “weapons of financial mass destruction.”
You have to love how [...]

Here’s a credit-crisis video retrospective from the Wall Street Journal. It is chapter one of a three part series.  Notice the Wall Street meme that subprime borrowers caused the crisis which is patently false.  It’s all about dodgy credits and Fannie and Freddie? Total rubbish. 
But, of course, if you say it enough, people might [...]

13-minute video from the Wall Street Journal.
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Last week, I followed up Yves Smith’s excellent post on “Why Big Capital Markets Players Are Unmanageable” with “More on why big capital markets players are unmanageable.”  I would like to extend the discussion beyond the U.S. border into a look at how the universal banking model abroad encroached on the U.S. banking system and [...]

This post is from Niels Jensen of Absolute Return Partners.  I have featured his monthly newsletter a number of times on Credit Writedowns (here’s the link to the last one, hilarious title).  Jensen is very good.
Visit www.arpllp.com to learn more about Absolute Return Partners and to sign up to receive their free monthly newsletter by [...]

As you all know, I think we are in a secular bear market rally/cyclical bull market right now. So, yes, this has been and may continue to be a powerful up-move in shares worldwide. However, I am certainly not convinced we are off to the races for the long-term here.
Now that we have gotten [...]

Last night I received an advance copy of a new book by Wall Street Journal reporter Kate Kelly that gives us a peek inside the last seventy-two hours at Bear Stearns in March 2008.  If you are interested in finance, “Street Fighters” is definitely a good book to purchase.  Not only does it read well, [...]