By Niall Ferguson and Nouriel Roubini We fear that the German government’s policy of doing “too little too late” risks a repeat of precisely the crisis of the mid-20th century that European integration was designed to avoid. …Fixated on the non-threat of inflation, today’s Germans appear to attach more importance to 1923 (the year of…
Tag Archive for Balance Sheets
Latest Business Headlines
Hussman Funds – Weekly Market Comment: The Heart of the Matter
by Newswires • • 0 Comments
…the problem that lies at the heart of the matter: a warped financial system, both in the U.S. and globally, that directs scarce capital to speculative and unproductive uses, and refuses to restructure debt once that debt has gone bad. Specifically, over the past 15 years, the global financial system… has been transformed into a…
Must Read
Companies Sitting on Much Less Cash Than Thought – Executives Are Siphoning It
by Newswires • • 0 Comments
… in its quarterly “flow of funds” report on Thursday, the Federal Reserve sharply revised its estimates of how much cash companies are holding on their balance sheets. The bottom line: Corporations have nearly $500 billion less cash on hand than previously believed. To be sure, companies are still holding onto an unprecedented amount of…
Must Read
Time for bank bond write-downs: James Saft | Reuters
by Newswires • • 0 Comments
It may now be time to cross that red line and force some bank bondholders, even senior bondholders, to take losses. Throughout the now five-year-old global financial crisis, writing down bank debt when banks are insolvent is a step that policy-makers have been almost universally unwilling to take. Fearing a rolling line of bank failures…
Latest Business Headlines
Hey, Germany: You Got a Bailout, Too – Bloomberg
by Newswires • • 0 Comments
Prudent Germany, the narrative goes, is loath to bail out freeloading Greece, which borrowed more than it could afford and now must suffer the consequences. Would it surprise you to know that Europe’s taxpayers have provided as much financial support to Germany as they have to Greece? An examination of European money flows and central-bank…
Latest Business Headlines
As Volcker Rule Nears, Banks Tread Fine Line on Proprietary Trading – NYTimes.com
by Newswires • • 0 Comments
When JPMorgan Chase revealed its $2 billion loss last week, it looked as though the big Wall Street banks were up to their old tricks, using their government-backed funds to make risky trades in a misguided effort to improve their profits. But even banks that focus mainly on good, old-fashioned lending do their fair share…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
A Crazy Idea That Might Just Work: Greece’s New Currency, the U.S. Dollar
by Charles Hugh Smith • • 0 Comments
There is an undeniable internal logic to the crazy idea that Greece should jettison the euro and accept the U.S. dollar as its national currency.
Before you dismiss my crazy idea out of hand, hear me out. It might not be as crazy as it se…
Latest Business Headlines
Motorola Mobility Posts Wider Loss – Wall Street Journal
by Newswires • • 0 Comments
RTT NewsMotorola Mobility Posts Wider LossWall Street JournalBy GREG BENSINGER Motorola Mobility Holdings Inc. posted a wider first-quarter loss after selling fewer mobile devices in this year's first three months. Motorola, which is awaiting appro…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Bernanke Leaks, Spoils the Punch
by Bruce Krasting • • 0 Comments
Jon Hilsenrath, at the WSJ, must have had a phone call with Ben Bernanke on Saturday. Accordingly, Jon put an article out just in time to influence the market on Monday morning. The headline says it all:
No doubt, Bernanke is watching the price of …
Bruce Krasting, Contributors- Economic and Financial, Must Read
Dis and Dat
by Bruce Krasting • • 0 Comments
.Self-Serving Accounting
There’s been an ongoing row about changes in lease accounting. Big players in the leasing industry (think GE) have been fighting the changes tooth-and-nail. This article had some interesting data on the consequences of the n…
