May 21 2009: The pig on its way through the python

John Vachon Cherries of Wrath July 1940 Migrant fruit workers from Arkansas, Berrien County, Michigan Ilargi: Britain is the first major industrial nation under the threat of an across the board downgrade of its credit rating, with Japan hot on its heels and the US not far behind. While these are truly serious developments, and things look deeply alarming for Britain, there’ll still be a lot of water under the bridge before the whips and chips come down. [more...]

Date: 2009-05-21 21:18:00

Blog posts (6) | Videos (1)
 

Toyota, Honda Slash Output as Recession Cuts Demand

Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co ... and a credit crunch damped demand for new automobiles. Toyota’s output fell 27 percent to 589,505 ... analyst at credit-rating company Moody’s Japan K.K. “Uncertainty in the financial systems [more...]

Date: 2008-12-24 07:35:09

Friday morning links

TOP STORIES Rate cut from Japan, Barclays seeks funding - Reuters Nevada, Michigan, Florida lead 'underwater' list - AP Housing plunge: ... is more likely than many assume - MarketWatch Banks, consumer advocates urge U.S. to allow credit card debt ... it feels so bad - CNN/Money Economic data point to the start of a recession - LA Times Recession Ghost [more...]

Date: 2008-10-31 13:20:00

Nothing Comes Out of the G20 Meeting

G20 largely a non-event…  Pound moves up…  Brazil falls on sell off of emerging markets…  Japan enters recession… And Now… Today’s Pfennig! ... thinking about the growing number of people who no longer have jobs to report to. And the problems ... capital standards and stronger risk management at banks, hedge funds, and credit rating firms. I agree [more...]

Date: 2008-11-17 16:06:26

The Lost Decade: How the U.S. Financial Crisis Resembles Japan’s Ten Years of Misery - And How to Play it

If you think the “Lost Decade” Japan endured during the 1990s was deep and painful, stick around: ... were ignited by laughably loose credit policies, smoldered under a lack of oversight from government regulators, market analysts or such private-sector sentinels as credit-rating agencies, and were [more...]

Date: 2008-07-17 14:49:31

What Will the Fed Do Now That Rates Are at Zero?

The Fed has been attempting to resuscitate the deflationary housing market through traditional monetary tools, ... is the attempt to loosen the credit markets by purchasing bank assets that are priced at the long end ... in modern history was Japan. They used quantitative easing to help prevent deflation after [more...]

Date: 2008-12-31 08:39:18

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