Category Credit crisis

Schools and local governments in Florida who routinely deposited excess money in a state run investment fund were stunned today when the state suspended withdrawals. This is because the nimrods who ran the fund were “investing” in extremely risky SIVs.…

Are we headed for an epic bear market?The credit bubble is just starting to unwind, a credit-derivative insider says. And while U.S. borrowers are being blamed for the mess, they were really just pawns in a global game. When asked…

The credit bubble is just starting to unwind, a credit-derivative insider says. And while U.S. borrowers are being blamed for the mess, they were really just pawns in a global game. When asked if  we were in the third inning…

Watching Bloomberg TV these past few weeks has been almost comical.  There’s been a deluge of bad news lately, especially for the financials. Write downs in the tens of billions.  “Investments” that are now selling for pennies on the dollar.…

Economist and financial adviser Nouriel Roubini is known to be a permabear, someone who is always pessimistic about the financial markets. However, he accurately predicted the subprime collapse months ago, long before the consensus wisdom did. He’s been consistently right…