Broad Oak Magazine

Jonathan Russell writes in the Telegraph: Spain's finances are in the dock thanks to Standard & Poor's, the spreads on Greek bon...

On Thursday , I noted that, in the last 12 months, America has paid over $400 billion in interest payments on "the debt", AND incr...

You have to have car insurance, it's a legal requirement. So it occurred to me a long time ago that you could make some money selling ve...

Karl Denninger notes that Moody's have re-rated previously "AAA" packaged mortgage products, and points out that since the Fe...

Looking at the economy now, we have to go well beyond subprime, and consider the general value of housing. Karl Denninger repeats that, in ...

You know you're in trouble when you have to appeal to the Great Leader to do something. Karl Denninger publishes an open letter to the ...

Michael Panzner refers us to a Financial Times article on the (overdue) dwindling confidence among our youngster trading community. The piec...

It's now generally accepted that houses are overpriced. I think valuations will not only go down, but (notwithstanding bear market ralli...

Karl Denninger says we should make the people who caused the subprime problems pay for the consequences. Either they should burn up with th...

I've previously suggested that you don't need to be too technical, as long as you focus on the reward systems (the cui bono? ). Here...

The Wall Street Journal provides a grisly visual dissection of a subprime mortgage package - thanks to The Contrarian Investor for the lead....

Karl Denninger offers two options for the US financial regulators. The first is to get banks to put all their potential liabilities on their...

In India, where many people cannot read, you sign for the State pension by thumbprint. This seemed like a secure system, until a man was cau...

Michael Panzner directs us to John Hussman , who explains that the Federal Reserve's power to manage the financial system is very limite...

Ed Steer ( Financial Sense ) relates his October experience of an unusually frank speech, and answers to questions, by President Bush's ...

Supposedly "the angriest guy in economics" is Richard Daughty, aka The Mogambo Guru - but he gives his rants a comedy twist. Karl ...

The Orient Saloon at Bisbee, Arizona Michael Panzner alerts us to an article by Martin Hutchinson in Prudent Bear, which explains how the r...

Matt at Discursive Monologue compares the banks' mysterious black-box "level 3 assets" with the value of shareholder equity,...

Ty Andros ( Financial Sense , Friday) repeats the point made by Jim Puplava (which we reported earlier this summer), that the credit agenci...

The money-lender's pleasant dream Market Ticker reports that a bank has borrowed $75 million at exceptionally high interest rates, sugg...