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“There’s a greater than 50% probability that the financial system ‘will come to a grinding halt’ because of losses from mortgages, said Gregory Peters, head of credit strategy at Morgan Stanley, Bloomberg, November 13, 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
