The Great Debate

Bond market vigilantes saddle up

By J Saft
April 10, 2009

jimsaftcolumn– James Saft is a Reuters columnist. The opinions expressed are his own –

Efforts to reflate the economies of the U.S. and Britain are running into one potentially major problem; the bond market.

U.S. mouth writing checks its body won’t cash

By J Saft
April 8, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

A look at credit insurance prices for U.S. banks shows that market thinks the government’s mouth is writing checks its body can’t or won’t cash.

Bank rally ready to be marked-to-market

By J Saft
April 3, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

U.S. bank operating earnings are going to have a hard time outrunning credit losses, making the massive rally in bank shares look ready to be marked-to-market.

Fishing for the housing bottom in San Diego

By J Saft
March 30, 2009

– James Saft is a Reuters columnist. The opinions expressed are his own –
jimsaftcolumn6
When prophetic long time bears turn a bit cuddly, it is usually best to take notice.  A real estate maven who rejoices in the “nom-de-blog” of Professor Piggington has now, after five years of correctly shouting bubble, labelled San Diego housing prices “reasonable” based on the latest available housing data.

World stuck with the dollar, more’s the pity

By J Saft
March 27, 2009

jimsaftcolumn5– James Saft is a Reuters columnist. The opinions expressed are his own –

The dollar is, and will remain, the U.S.’s currency and its own and everyone else’s problem.

Geithner’s naked subsidy redefines toxic

By J Saft
March 25, 2009

jimsaftcolumn31– James Saft is a Reuters columnist. The opinions expressed are his own

Treasury Secretary Geithner is all but admitting that U.S. banks are suffering not from market failure but self-inflicted collateral damage.

The state-sponsored shadow banking system

By J Saft
March 20, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

The shadow banking system in Europe isn’t so much dead as being kept on life support by banks and central banks in what amounts to a desperate but risky attempt to avoid the reckoning.

Accounting change won’t save banking

By J Saft
March 13, 2009

James Saft Great Debate —James Saft is a Reuters columnist. The opinions expressed are his own. –

By all means reform accounting, but for pity’s sake take your time and keep your expectations low.

Here comes another set of dodgy U.S. loans

By J Saft
March 11, 2009

jimsaftcolumn1– James Saft is a Reuters columnist. The opinions expressed are his own –

Banks in the U.S. face a new source of write-downs and failures in the coming year as loans made to developers to finance residential and commercial property development rapidly go bad.

Let sleeping shadow banking systems lie

By J Saft
March 6, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Rather than vainly trying to refloat the shadow banking system, the U.S. would be better off grappling with the inevitable ultimate solution — debt destruction and inflation.