Credit Writedowns » quote of the day

Quote of the Day: Sarkozy’s Warning

Global Macro Monitor — Thu, 20 Oct 2011 15:53:27 +0000

Nicholas Sarkozy has some sharp words about the crisis

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the Day: Sarkozy’s Warning originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

On the IMF’s warning of a European sovereign debt and bank meltdown 7 Oct 2011
Bradford & Bingley to issue profit warning 31 May 2008
Frontline – The Warning: Who Knew About the Looming Financial Crisis? 20 Oct 2009

(QOTD) Ben Bernanke: It is not the responsibility of the Federal Reserve to protect lenders

Edward Harrison — Thu, 16 Dec 2010 23:18:48 +0000

“It is not the responsibility of the Federal Reserve – nor would it be appropriate — to protect lenders and investors from the consequences of their financial decisions." -Ben Bernanke, 31 Oct 2007 via David Rosenberg’s daily research today I will see if I can find the original source and context. Update: A-ha, I have

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
(QOTD) Ben Bernanke: It is not the responsibility of the Federal Reserve to protect lenders originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

The Federal Reserve Wants Inflation 1 Oct 2010
The Federal Reserve is Not Going QEII Until After the Election 27 Sep 2010
More on the Federal Reserve and Quantitative Easing 5 Oct 2010

Quote of the day: “Jamie is always hanging around the hoop”

Edward Harrison — Mon, 05 Oct 2009 17:38:20 +0000

In a 9-page Vanity Fair article “Wall Street’s Near-Death Experience,”giving us a sneak peek into the lives of bankers during the global meltdown last Autumn a hilarious quote of great significance was buried. At issue was the near-death experience that Lehman’s demise caused for Morgan Stanley and Goldman Sachs. After receiving a mysterious call from

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: “Jamie is always hanging around the hoop” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Jamie Dimon: “If You Are Not Fearful, You Are Crazy” 16 Oct 2008
Jamie Dimon on the economy 17 Dec 2008
Jamie Dimon: ‘we don’t need’ your money 16 Apr 2009

Did Tim Geithner blow it?

Edward Harrison — Wed, 11 Feb 2009 19:26:04 +0000

Politico asked a bunch of pundits from across the political spectrum to size up U.S. Treasury Secretary Tim Geithner’s performance in explaining his plan for rescuing the U.S. banking system. They were asked, “Did Tim Geithner blow it? What should he do now?” One pundit, Jeffrey C. Stewart, had a memorable response (Hat tip Dave): Yes,

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Did Tim Geithner blow it? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Treasury Secretary Geithner explains the bailout package 10 Feb 2009
Geithner is the man at Treasury, Richardson and Clinton also in 21 Nov 2008

Quote of the day: John Kenneth Galbraith – The Bezzle

Edward Harrison — Wed, 07 Jan 2009 16:46:49 +0000

This comes from Chapter VIII of Galbraith's classic volume, "The Great Crash 1929." Given the recent announcement of fraud at Satyam in India and the monstrous Madoff scandal, it is a quote and concept to remember

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: John Kenneth Galbraith – The Bezzle originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the day: John McCain 13 Oct 2008
Quote of the day: Warren Buffett 14 Jul 2008
Quote of the day: 18 Jul 2008 – Caroline Baum 18 Jul 2008

Austrian banks have emerging-market financial exposure that is 70% of GDP

Edward Harrison — Mon, 05 Jan 2009 22:46:15 +0000

You probably know that I am gearing up for some serious writedowns in Eastern Europe because I see these countries as having external imbalances which will have to be corrected as the economy softens. In previous posts, I had mentioned that there was considerable exposure to Eastern Europe in Austria, Sweden, Denmark ad Germany in particular. Austria is the worst of the lot. Today, I happened upon an article and a quote which puts the Austrian exposure into context

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Austrian banks have emerging-market financial exposure that is 70% of GDP originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Is this Austrian real estate company a canary in the coalmine? 30 Dec 2008
Regionals have CRE and Construction exposure 29 May 2008
JPMorgan Chase: Large exposure to real economy downturn 30 Nov 2008

Stephen Roach: “Rates can go to unusually low levels for much longer than people think”

Edward Harrison — Fri, 02 Jan 2009 21:00:15 +0000

With the global economy n recession and inflation headed toward zero, government bonds are looking like the best place to put ones money. As a result, we have seen yields on these assets drop to incredibly low levels in the world's largest developed economies as their prices have increased. Treasury securities. They may show all the hallmarks of a bubble. But does that mean that the bubble will end now? Here's what Stephen Roach says

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Stephen Roach: “Rates can go to unusually low levels for much longer than people think” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Stephen Roach: Asia is source of stagflation 12 Jun 2008
Stephen Roach has a bone to pick with Congress 29 Sep 2008
Stephen Roach and Jim Grant: Video of credit crisis thoughts 29 Sep 2008

Quote of the day: “The cash has to go somewhere”

Edward Harrison — Wed, 17 Dec 2008 20:32:21 +0000

With Treasury securities at all time lows you get the feeling fundamentals is not the only thing driving the rally in U.S. government bonds. After all, the Fed has been lowering interest rates and showering the financial sector with money. So, I wanted to highlight a comment that I find fitting

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: “The cash has to go somewhere” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the Day: Jim Bunning 16 Jul 2008
Quote of the day: 3 Sep 2008 – Joe Lieberman 3 Sep 2008
Quote of the day: John McCain 13 Oct 2008

Jim Chanos: “It’s a bear market rally”

Edward Harrison — Tue, 16 Dec 2008 16:05:57 +0000

Jim Chanos, the famous hedge fund guru and short-seller does not think stocks are going to be up for long. He sees the recent rally on the back of promised government stimulus as temporary and expects markets to resume their downward course. In fact, he is now shorting cement as a play on continued weakness

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Jim Chanos: “It’s a bear market rally” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

An amazing market rally. What’s next? 5 Nov 2008
Chart of the day: bear market history 7 Jul 2008
Sprint: an example of stocks beaten down in the bear market 21 Oct 2008

Quote of the day: William White and inflation

Edward Harrison — Thu, 11 Dec 2008 17:37:15 +0000

Caroline Baum had a good column today at Bloomberg in which she suggests central banks consider asset prices in monetary policy going forward. In the piece she quoted William White, a former economist from the Bank for International Settlements. He said: “The most calamitous downturns were not preceded by any degree of inflation. There was

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: William White and inflation originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the day: William Jennings Bryan 28 Oct 2008
Quote of the day: 18 Jul 2008 – Caroline Baum 18 Jul 2008
Quote of the day: Warren Buffett 14 Jul 2008

Quote of the day: Willem Buiter – Tits on a bull

Edward Harrison — Wed, 26 Nov 2008 16:00:32 +0000

Willem Buiter has a very useful and provocative blog at the Financial Times website called Mavercon. The Dutch-born former Bank of England MPC member is not afraid to take policy makers to task or call a spade a spade. In his latest post on why banks are refusing to lend to creditworthy customers, he has

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: Willem Buiter – Tits on a bull originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Willem Buiter to become a bank 20 Nov 2008
Quote of the day: Warren Buffett 14 Jul 2008
Quote of the day: 18 Jul 2008 – Caroline Baum 18 Jul 2008

Quote of the day: William Jennings Bryan

Edward Harrison — Tue, 28 Oct 2008 18:00:00 +0000

This is a quote from the populist American politician William Jennings Bryan, a Democrat famous at the beginning of the last century. “There are two ideas of government. There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. The Democratic idea

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: William Jennings Bryan originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the Day: Jim Bunning 16 Jul 2008
Quote of the day: 3 Sep 2008 – Joe Lieberman 3 Sep 2008
Quote of the day: John McCain 13 Oct 2008

Nationalized banking predators

Edward Harrison — Mon, 27 Oct 2008 19:40:00 +0000

As with everything else, the bailout of the U.S. banking system is going to have unintended consequences. One of them seems to be giving exactly those firms that wasted billions of shareholder money a chance to double down. Flush with government money, these busted financial companies may just go on a shopping spree sponsored by

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Nationalized banking predators originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Freddie and Fannie are getting nationalized 5 Sep 2008
The Dummy’s Guide to the US Banking Crisis 24 Sep 2008
Danish banking crisis the worst in Europe 24 Sep 2008

Quote of the day: Financial Armageddon

Edward Harrison — Fri, 24 Oct 2008 15:00:00 +0000

Reflecting on the market turmoil today, Marshall Auerback had a funny if ironic thought: Our beloved Treasury Secretary promised us Financial Armageddon if we didn’t pass his wretched bill a few weeks ago. I wonder how he would describe this? Beloved is one way to describe Hank Paulson. Related Posts Quote of the Day: Jim

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: Financial Armageddon originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the Day: Jim Bunning 16 Jul 2008
Quote of the day: Warren Buffett 14 Jul 2008
Quote of the day: trickier than LTCM 10 Aug 2008

Jamie Dimon: “If You Are Not Fearful, You Are Crazy”

Edward Harrison — Thu, 16 Oct 2008 18:43:00 +0000

I love Jamie Dimon, JPMorgan Chase’s CEO. He really tells it like it is. At last quarter’s earnings call, he called a spade a spade and said “prime looks terrible” in reference to prime mortgage loans. This quarter his quote is even more to the point: “If You Are Not Fearful, You Are Crazy.” -Deal

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Jamie Dimon: “If You Are Not Fearful, You Are Crazy” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

More reason BofA is crazy to take on Countrywide 25 Jun 2008
The $1 trillion deficit: has Bill Gross gone crazy? 30 Jun 2008

Quote of the day: John McCain

Edward Harrison — Mon, 13 Oct 2008 09:00:00 +0000

Talking about how he will fare against Barack Obama in the upcoming third and last U.S. Presidential Debate, John McCain said: “We’re going to spend a lot of time and after I whip his you-know-what in this debate, we’re going to be going out 24/7.-Huffington Post Related Posts John McCain: candidate profile 2 Sep 2008

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: John McCain originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

John McCain: candidate profile 2 Sep 2008
John McCain has poor judgment, but Palin is working out quite well 9 Sep 2008
The 3 a.m. moment – McCain blows it 9 Aug 2008

Quote of the day: Michael Douglas as Gordon Gekko

Edward Harrison — Sat, 11 Oct 2008 18:30:00 +0000

Ben Bernanke and Alan Greenspan have been the worst monetary stewards in U.S. Federal Reserve history. A former Fed Chairman William McChesney Martin Jr. once said it was the Fed’s job “to take away the punch bowl just as the party gets going.” Alan Greenspan and Ben Bernanke, with their easy money polices, failed to

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: Michael Douglas as Gordon Gekko originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the day: Gordon Gekko – greed is good 14 Sep 2008
Quote of the day: Gordon Brown, get your bazooka 8 Sep 2008
Quote of the day: 3 Sep 2008 – Joe Lieberman 3 Sep 2008

Jeremy Grantham: “Keep telling yourself… you’re a long-term investor”

Edward Harrison — Fri, 10 Oct 2008 17:00:00 +0000

Jeremy Grantham has seen this crash coming for quite some time. Nevertheless, he is not selling everything and waiting out the market in Kruggerrands and cash. has kept a good long-term perspective about investing that bears repeating here. Keep telling yourself every night that you’re a long-term investor and don’t look at daily stock prices.

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Jeremy Grantham: “Keep telling yourself… you’re a long-term investor” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Jeremy Grantham: “Many shares priced for… economic collapse” 12 Jul 2008
Jeremy Grantham: the bear growls 17 Jun 2008
Jeremy Grantham and experts: credit crunch far from over 7 Jul 2008

Quote of the day: Gordon Gekko – greed is good

Edward Harrison — Mon, 15 Sep 2008 02:21:00 +0000

With blood on the street and one flagging financial institution after another gasping for dear life, a quote from the Movie “Wall Street” bears remembering: In the last seven deals that I’ve been involved with, there were 2.5 million stockholders who have made a pretax profit of 12 billion dollars. Thank you. I am not

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: Gordon Gekko – greed is good originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the day: Gordon Brown, get your bazooka 8 Sep 2008
Quote of the day: China hopping mad about GSEs 27 Aug 2008
Quote of the Day: Jim Bunning 16 Jul 2008

Quote of the day: Gordon Brown, get your bazooka

Edward Harrison — Mon, 08 Sep 2008 14:33:00 +0000

Today, David Wighton over at the Times Online referenced U.S. Treasury Secretary Hank Paulson’s quip that the U.S. Government had a bazooka ready to us in the case of the Frannie and Freddie Nightmare on Wall Street in saying: Helping to stabilise the U.S. housing market should bring some benefit to British counterparts. It will

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: Gordon Brown, get your bazooka originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the day: China hopping mad about GSEs 27 Aug 2008
Quote of the day: 3 Sep 2008 – Joe Lieberman 3 Sep 2008
Quote of the Day: Jim Bunning 16 Jul 2008

Quote of the day: 3 Sep 2008 – Joe Lieberman

Edward Harrison — Wed, 03 Sep 2008 23:00:00 +0000

Obama mentor Joe Lieberman is going all out for Obama’s opponent in order to defeat Obama. Why, you ask, when he made quotes like this one in 2006 (via Political Wire): “The gifts that God has given to Barack Obama are as enormous as his future is unlimited. As his mentor, as his colleague, as

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: 3 Sep 2008 – Joe Lieberman originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the day: 18 Jul 2008 – Caroline Baum 18 Jul 2008
Quote of the day: 20 Jul 2008 – James Grant 20 Jul 2008
Quote of the Day: Jim Bunning 16 Jul 2008

Don’t think, react

Edward Harrison — Wed, 27 Aug 2008 20:30:00 +0000

I have a friend who is a very unusual and cosmopolitan blend. Satoshi is a Japanese guy who grew up in the deep south in New Orleans who I met when we worked together at a German bank in the high yield market in London ten years ago. He has this expression he always used

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Don’t think, react originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.

Quote of the day: China hopping mad about GSEs

Edward Harrison — Wed, 27 Aug 2008 06:00:00 +0000

At the end of last week, the warning came. The Chinese officially warned Hank Paulson et al. that they better get their act together on Fannie and Freddie. The Chinese own a ton of GSE paper and they would be hopping mad to see their investments lose value. The implicit threat is that the Chinese

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: China hopping mad about GSEs originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Federal takeover of GSEs now in the works 11 Jul 2008
Conservatorship of GSEs is bad for the dollar and inflation 11 Jul 2008
Quote of the Day: Jim Bunning 16 Jul 2008

Quote of the day: trickier than LTCM

Edward Harrison — Sun, 10 Aug 2008 20:30:00 +0000

On Friday, Bloomberg quoted a former LTCM partner as saying the $1.9 trillion hedge fund industry faces “much worse” conditions than in 1998, when Long-Term Capital Management LP collapsed. “It’s definitely a trickier environment. The market is much worse that it was in 1998. Then it was just LTCM, but this impacts everybody.” -Hans Hufschmid,

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: trickier than LTCM originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the Day: Jim Bunning 16 Jul 2008
Quote of the day: Warren Buffett 14 Jul 2008
Quote of the day: 18 Jul 2008 – Caroline Baum 18 Jul 2008

Record high in part-time work

Edward Harrison — Thu, 31 Jul 2008 06:00:00 +0000

The number of Americans who have seen their full-time jobs chopped to part time because of weak business has swelled to more than 3.7 million — the largest figure since the government began tracking such data more than half a century ago.-NY Times, A Hidden Toll on Employment: Cut to Part Time, 31 Jul 2008

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Record high in part-time work originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.

Jeremy Grantham: “I am officially scared”

Edward Harrison — Tue, 29 Jul 2008 09:35:00 +0000

“I am officially scared. In 2000, we had a technology bubble. But this is massive, a massive credit crisis and a bubble in global housing, global equity and global land.” -Jeremy Grantham as quoted by Chicago Tribune Related Posts Jeremy Grantham: “Many shares priced for… economic collapse” 12 Jul 2008 Jeremy Grantham: the bear growls

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Jeremy Grantham: “I am officially scared” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Jeremy Grantham: “Many shares priced for… economic collapse” 12 Jul 2008
Jeremy Grantham: the bear growls 17 Jun 2008
Jeremy Grantham and experts: credit crunch far from over 7 Jul 2008

George W. Bush: “There is no question about it. Wall Street got drunk”

Edward Harrison — Wed, 23 Jul 2008 18:44:00 +0000

Talking about the financial markets and the housing mess, George W. Bush offered up these pearls of wisdom: “There is no question about it. Wall Street got drunk…. That’s one reason I asked you to turn off your TV cameras….[Wall Street] got drunk and now it’s got a hangover……The question is, how long will it

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
George W. Bush: “There is no question about it. Wall Street got drunk” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Bush’s torture goes far beyond waterboarding 15 Jul 2008
Bush: ever the opportunist, lifts oil drilling ban 14 Jul 2008
Obama sees Bush behind weak dollar 16 Apr 2008

Quote of the day: 20 Jul 2008 – James Grant

Edward Harrison — Sun, 20 Jul 2008 13:00:00 +0000

Have we, too, not suffered at the hands of what used to be called The Interests? Have the stewards of other people’s money not made a hash of high finance? Did they not enrich themselves in boom times, only to pass the cup to us, the taxpayers, in the bust? Where is the people’s wrath?

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: 20 Jul 2008 – James Grant originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the day: 18 Jul 2008 – Caroline Baum 18 Jul 2008
Quote of the day: Warren Buffett 14 Jul 2008
Quote of the Day: David Rosenberg on tax rebates to buy iPods 10 Jul 2008

Quote of the day: 18 Jul 2008 – Caroline Baum

Edward Harrison — Fri, 18 Jul 2008 18:00:00 +0000

In her column at Bloomberg News, Baum had this to say about the financial bailout solutions proposed by the U.S. government. How do we know the market failed if we don’t allow it to work? Capitalism without failure is like religion without sin…… And no, none of [the bailout proposals] are solutions for a market

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: 18 Jul 2008 – Caroline Baum originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Caroline Baum: Greenspan, `Master of Garblements’ 5 Jun 2008
Caroline Baum: Dollar Policy for Dummies 6 Jun 2008
Bloomberg’s Caroline Baum picks up on Bunning 18 Jul 2008

Quote of the Day: Jim Bunning

Edward Harrison — Wed, 16 Jul 2008 11:00:00 +0000

In his prepared remarks at the Senate Banking Committee, Jim Bunning had a classic line. When I picked up my newspaper yesterday, I thought I woke up in France. But no, it turns out socialism is alive and well in America.-Bunning Senate Website, 15 Jul 2008 France is always a good target in the US.

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the Day: Jim Bunning originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Senator Bunning blasts Bernanke at Senate hearing 15 Jul 2008
Quote of the Day: David Rosenberg on tax rebates to buy iPods 10 Jul 2008
Quote of the day: Warren Buffett 14 Jul 2008

Quote of the day: Warren Buffett

Edward Harrison — Mon, 14 Jul 2008 08:00:00 +0000

Warren Buffett is a confident investor who believes in the companies he buys. As a result he said the following at his recent Annual General Meeting: “If a stock [I own] goes down 50%, I’d look forward to it. In fact, I would offer you a significant sum of money if you could give me

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: Warren Buffett originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Warren goes to Germany 25 May 2008
Quote of the Day: David Rosenberg on tax rebates to buy iPods 10 Jul 2008
Buffett: we’re in recession and it’s getting worse 25 Jun 2008

Quote of the day: Cans of food, piles of gold krugerrands and a gun

Edward Harrison — Sun, 13 Jul 2008 09:00:00 +0000

Back in 1973 when the market was going to hell in a hand basket, one London market guru offered this cheery advice: “You will need to invest in three things to survive next year’s economy: Cans of food, piles of gold krugerrands and a gun.”-WSJ: What to Do in a Stock Selloff, 11 Jul 2008

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the day: Cans of food, piles of gold krugerrands and a gun originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the Day: David Rosenberg on tax rebates to buy iPods 10 Jul 2008

Jeremy Grantham: “Many shares priced for… economic collapse”

Edward Harrison — Sat, 12 Jul 2008 13:51:00 +0000

Super-bear Jeremy Grantham had something positive to say for once. Well actually it’s only a friend of Jeremy Grantham, oh well. But it IS positive — sort of. “The good news, provided you are by now heavily liquid, is that there are many shares priced for a degree of economic collapse that even I do

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Jeremy Grantham: “Many shares priced for… economic collapse” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Jeremy Grantham: the bear growls 17 Jun 2008
Jeremy Grantham and experts: credit crunch far from over 7 Jul 2008

Marc Faber: “I think a lot of banks are already bankrupt”

Edward Harrison — Fri, 11 Jul 2008 09:00:00 +0000

“I think a lot of banks are already bankrupt.” “And a lot of insurance companies and financial institutions, but they hide their rotten assets in level three asset categories, where you don’t need to value them.” “I think the financial sector by and large has much larger problems than is perceived by the investment community.

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Marc Faber: “I think a lot of banks are already bankrupt” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Marc Faber: Obama’s not going to be good for the market 18 Jun 2008
Marc Faber on CNBC: bearish on oil and India 23 Jun 2008
Marc Faber says avoid financials and buy gold 27 Jun 2008

Quote of the Day: David Rosenberg on tax rebates to buy iPods

Edward Harrison — Thu, 10 Jul 2008 12:27:00 +0000

Chief North American economist David Rosenberg said the following about the Bush Administration’s fiscal response to the credit crisis: We are nervous that we have ended up following in Japan’s footsteps due to the inept fiscal response to the problem. A temporary tax rebate from Uncle Sam to buy iPods tackles a real estate deflation

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quote of the Day: David Rosenberg on tax rebates to buy iPods originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.