Hullabaloo (Free subscription) | 11/07/2009
Cheney-Rumsfeld Replay by digby Edward Harrison at Naked Capitalism offers up a convincing look at the dynamics that led Obama to choose the path he's chosen in dealing with the financial sector. Here's the conclusion: When historians look back at the Bush 42 presidency, it will be defined by 9/11 and the wars in Iraq and Afghanistan. While George W. Bush was politically pre-disposed...
Snuffysmith's Blog (Free subscription) | 11/04/2009
The creeping power grab by the executive branch and Federal Reserve By Edward Harrison of Credit Writedowns Yves is tied up in the never-ending ordeal that is writing a book, so I will fill in a few gaps by posting on NC today. Let’s wish Yves well in getting this thing sorted. The power grab at the Federal Reserve is a topic I first broached back in February when the Federal Reserve...
Credit Writedowns (Free subscription) | 11/07/2009
This is classic. Share and Enjoy: Related posts:Jon Stewart: His Gaffe-in is great comic reliefQuote of the Day: Jim BunningJon Stewart takes on Fox NewsWassup 2008The experience canard Permalinks: RSS - Newsletters - Twitter - News - Comments - Seeking Alpha Copyright © by Credit Writedowns Author: Edward Harrison; Tags: distraction, political media, Politics, Politics
naked capitalism (Free subscription) | 11/06/2009
By Edward Harrison of Credit Writedowns The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read [...]
Credit Writedowns (Free subscription) | 11/07/2009
... - Newsletters - Twitter - News - Comments - Seeking Alpha Copyright © by Credit Writedowns Author: Edward Harrison; Tags: Barack Obama , China , Political Economy , protectionism , trade , United States
Credit Writedowns (Free subscription) | 11/06/2009
... - Newsletters - Twitter - News - Comments - Seeking Alpha Copyright © by Credit Writedowns Author: Edward Harrison; Tags: crony capitalism , Politics , Politics , social unrest
naked capitalism (Free subscription) | 11/05/2009
By Edward Harrison of Credit Writedowns I was reading Kid Dynamite’s account of the recent Treasury – Finance Blogger meeting after having read a bunch of others (see them all in Abnormal Returns’ Nov 4th links). And I was struck by his characterization of the thinking at Treasury in regards to the financial crisis. I want [...]
naked capitalism (Free subscription) | 11/04/2009
Submitted by Edward Harrison of Credit Writedowns I am posting this in the interest of widening the discussion at Naked Capitalism to include some topics in Europe. Fitch, the credit rating agency, has just downgraded the sovereign debt ratings for the Republic of Ireland from AA+ to AA-. That is two notches and is proof-positive that the [...]
naked capitalism (Free subscription) | 11/04/2009
By Edward Harrison of Credit Writedowns Yves is tied up in the never-ending ordeal that is writing a book, so I will fill in a few gaps by posting on NC today. Let’s wish Yves well in getting this thing sorted. The power grab at the Federal Reserve is a topic I first broached back in [...]
Seeking Alpha (Free subscription) | 11/04/2009
Edward Harrison submits: By Marshall Auerback Several notable economists prognosticated on what Japan should do to get out of their malaise in the 1990s but none of them understood the problem or the options available to the sovereign government. They all gave poor advice. The way Japan recovered after that decade of poor economic outcomes was through fiscal policy. Monetary policy had...
naked capitalism (Free subscription) | 11/03/2009
By Edward Harrison of Credit Writedowns Christopher Wood, the well-noted market strategist at CLSA and writer of the classic Japan crash warning book “The Bubble Economy,” is now warning of a market correction in the West. According to CNBC India, Wood believes that the markets’ extreme upward move is increasing the chances of a major correction. Wood [...]
SeekingAlpha Energy Stocks (Free subscription) | 11/04/2009
Edward Harrison submits: I had a feeling there was an energy component to the Berkshire Hathaway ( BRK.A ) decision to buy Burlington Northern Santa Fe ( BNI ). And now comes the evidence via coal, a major freight on BNSF’s tracks. But, there is a lot more to this acquisition than just hauling coal. Warren Buffett has been increasing his energy plays in recent years, both in the...
Abnormal Returns (Free subscription) | 11/05/2009
... crisis. ( Curious Capitalist ) The ten year Treasury-TIP spread has touched 2%. ( Carpe Diem ) Edward Harrison , “Why aren’t more municipal bonds being downgraded by the ratings agencies Fitch, Moody’s and S&P?” ( Credit Writedowns ) Legislation to break up too big to fail institutions is worthless without reform of the OTC derivatives business. ( Rolfe Winkler ) Recent productivity...
Credit Writedowns (Free subscription) | 11/04/2009
... - Newsletters - Twitter - News - Comments - Seeking Alpha Copyright © by Credit Writedowns Author: Edward Harrison; Tags: central banks , Economics , federal reserve , monetary policy
Seeking Alpha (Free subscription) | 11/04/2009
Edward Harrison submits: By Marshall Auerback When I read Ed’s recent piece “ Japan: stimulus without reform leads to a policy cul de sac ,” I couldn’t help but think he is wrong about Japan. Complete Story »
