Credit Writedowns

Paul Krugman and Bruce Bartlett debated on PBS whether President Obama should divert money from the TARP program to a jobs program to combat high unemployment (Hat tip Mark Thoma).  Here is the video and a transcript of part of the…

Jon Stewart claims "Gretchen Carlson dumbs herself down to connect with an audience who sees intellect as an elitist flaw."

This December 2009 post is a reminder of the issues at stake with Greece. It is not credible for the EU to lend psychological and political support given the debt loads now burdening the Greek government. More is needed, either financial…

Hat Tip Tim Iacono

Dolphin Browser Android App Review by AndroidTapp.com Honesty and Ethics Poll Finds Congress Image Tarnished – Gallup (Nurses get high billing. HMO managers and car dealers get low rankings.) Fool Me Twice - Patrick J. Buchanan…

James Montiers Reading List - World Beta (Hat tip Tracy Alloway) Santa's not so little helper: Today's the busiest online shopping day of the year. So are they ready at the biggest grotto this side of Lapland? | Mail Online (Great…

The following is a re-print of the latest monthly newsletter from Niels Jensen of Absolute Return Partners, published with the express permission of the author. Visit www.arpllp.com to learn more about Absolute Return Partners.  You…

A friend Scott caught this article on Bloomberg about the latest economic figures out of Japan: Japan’s economy expanded less than a third of the pace initially reported in the three months to September as companies slashed spending.…

I am not sure I buy Meredith Whitney's assertion that the government is “out of bullets” in its quest to prop up the economy. It’s a matter of political will more than anything else. Nevertheless, I do agree with her basic premise in the…

Moody’s anticipates continued losses at Danske Bank, SEB, and Swedbank due to large exposure outside of the Nordic markets.  In particular, exposure in the Baltics is likely to lead to continued writedowns for Nordic banking…