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Chart of the day: Chronic American excess capacity

posted to Credit Writedowns on Tue 18th Jun 13

By Sober Look24/7 Wall St.: – … [US] manufacturing base still matters, as the United States remains one of the top exporters in the world. And a disturbing trend may be forming that signals some underlying weakness in the old core economy. This
Bad loans continue to rise in Spain and Italy

posted to Credit Writedowns on Tue 18th Jun 13

By Marc ChandlerSpain and Italy reported today that the share of bad loans have continued to rise. There is nothing to suggest that this is the peak. In fact, further deterioration is likely.Bad loans at Spanish banks rose to 10.87% in April from 10.47% in
Chart of the day: Does this violate key principles of money creation?

posted to Credit Writedowns on Mon 17th Jun 13

By Sober LookThe chart below shows a clear divergence in trends of the total loans and leases on US banks’ balance sheets and the broad money supply measure (M2). Loan balance growth is slowing, while the money supply keeps growing at a steady rate of

Eurozone Contagion: S&P Moves Belgium To Negative Outlook

posted to Credit Writedowns on Tue 14th Dec 10

by Win ThinHere are some more thoughts on S&P moving its outlook on Belgiums AA+ rating to negative from stable. S&P noted that it may cut the rating by one notch within the next six months if the major political parties do not form a government
NSA scandals threat to the cloud computing business model

posted to Credit Writedowns on Wed 12th Jun 13

I am a big believer in cloud computing. As storage and mobile bandwidth costs plummet, the ease of use that mobile devices give us makes the cloud computing compelling. The ability to access your data, your company’s data or someone else’s data
The theory of social costs: Why markets cannot discipline financial institutions

posted to Credit Writedowns on Thu 31st Jan 13

By L. Randall WrayI recently came across a video of one of my talks on the Global Financial Crisis, or, Global Economic Crisis, that provides a clear antitdote to orthodox thinking. You can view it here:The Financial Crisis Viewed from the Perspective of the

Links 6/16/13

posted to naked capitalism on Sun 16th Jun 13

Must Cats Die So Birds Can Live? New York MagazineFinancial market barometer stays set for storms FTTurkeyEveryone who enters Taksim Square will be treated as a terrorist: Turkish EU Minister Hurriyet Daily NewsTurkish police disperse protesters in Gezi Park
Men in Black Seek Answers; Troika to Return to Spain in May Asking "What Happened to 42 Billion in ESM Bank Recapitalization Tranches?"

posted to Mish's Global Economic Trend Analysis on Tue 26th Mar 13

SAREB, Spain's bad bank, has received assets (primarily bad loans) from Bankia, NCG Banco, Catalunya, Caixam, Banco de Valencia and others. Bankia, a component of Spain's nationalized bank system has been one disaster after another. Guru's Blog reports that
Will Cyprus Become Creditanstalt 2.0?

posted to naked capitalism on Mon 18th Mar 13

The cheery view that Europe had moves past its crisis now looks to have been a tad premature. The astonishing weekend revelation that Cyprus had struck a deal for a Eurozone rescue of the island nation’s banks that hinged on a deposit grab, um, tax, of