quotable
"U.S. savings and loans held more troubled assets in the second quarter than at any time in the past 14 years, as more families fell behind on their mortgage payments. U.S. thrifts held $14.2 billion in repossessed assets and loans that are at least 90 days past due, the most since 1993…"
Bloomberg, August 22, 2007
Commentary
Credit Bubble Bulletin
by Doug Noland | Jan 27
The Fed goes from loosest to only looser - the dollar suffers and global risk assets gain.
Read moreThe Bear's Lair
by Martin Hutchinson | Jan 24
The Illusions of Private Equity
Leveraged buyouts incentivize dodgy negotiating and financing tactics. “Gentlemanly capitalism” is far more economically efficient.
Read moreFeatured Commentary
by Satyajit Das | Jan 18
Britain rejected the Treaty changes, refusing the invitation to join the Europeans on the maiden voyage of the Titanic.
Read moreGuest Commentary
by Michael Pento | Jan 5
Math Vindicates S&P Debt Downgrade
Their rating of U.S. debt is still too high and the downgrade came way too late.
Read more
