Welcome to PrudentBear.com

The Bear's Lair - May 5
by Martin Hutchinson
The draining national prosperity

Credit Bubble Bulletin - May 2
by Doug Noland
Revisting Financial Arbitrage Capitalism

Random Walk - Apr 29
by Rob Peebles
It’s my recession: I can scrimp if I want to

Guest Commentary - May 7
by Richard Benson
Tax Rebates Mean Blood in the Shark-Infested Water

Featured Commentary - Mar 27
by Edmund M. McCarthy
The other side of the Looking Glass

Quotable

"The current financial crisis was precipitated by a bubble in the US housing market. In some ways it resembles other crises that have occurred since the end of the second world war at intervals ranging from four to 10 years. However, there is a profound difference: the current crisis marks the end of an era of credit expansion based on the dollar as the international reserve currency. The periodic crises were part of a larger boom-bust process. The current crisis is the culmination of a super-boom that has lasted for more than 60 years."
George Soros, Financial Times, January 23, 2008

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MBS spreads widen

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Updated 05/09/2008 07:47 AM

U.S. crude sets record high of $125.98 a barrel - Reuters (05/09/2008 06:34 AM)

U.S. stock futures drop after AIG's $7.8 billion loss - Market Watch from Dow Jones (05/09/2008 04:46 AM)

U.S. Stock-Index Futures Drop; AIG, Citigroup, Delta Retreat - Bloomberg (05/09/2008 07:45 AM)

Gold Advances in London as Oil Rises to Record; Platinum Gains - Bloomberg (05/09/2008 04:48 AM)

US dollar lower in Europe - AP (05/09/2008 05:49 AM)

Rice Trades at Daily Limit for Third Day on Demand, Myanmar - Bloomberg (05/09/2008 04:49 AM)

Euro edges higher against US dollar in aftermath of ECB meeting - IHT (05/09/2008 05:01 AM)

IMF warns on global inflation - FT ($) (05/08/2008 10:40 PM)

U.S. March Trade Deficit Smaller Than Forecast as Imports Drop - Bloomberg (05/09/2008 07:44 AM)

Congress mulls the steel penny - CNN/Money (05/08/2008 12:13 PM)

Defying Bush, House Passes Broad Housing Bill - NY Times (05/08/2008 08:27 PM)

Lobster boat builders pinched as catch drops, economy slows - AP (05/08/2008 12:02 PM)

When Small Biz Can't Get a Loan - Business Week (05/09/2008 06:08 AM)

Gas costs deflate prices on used SUVs - USA Today (05/09/2008 05:06 AM)

Commodities Aren't in a Bubble, Demand Key Factor, Economists Say - WSJ ($) (05/08/2008 05:26 PM)

SEC chair chats with Congress about more regulation - CFO.com (05/08/2008 12:10 PM)

Moody's predicts more junk bond defaults - CFO.com (05/08/2008 12:12 PM)

Mood swings against US homes rescue - FT ($) (05/08/2008 08:25 PM)

Mortgage Firms Cool to Principal-Cut Plan - WSJ ($) (05/09/2008 05:03 AM)

Mortgage crisis seeps to prime loans - USA Today (05/09/2008 05:04 AM)

Hedge Funds Make Headway - WSJ ($) (05/09/2008 05:54 AM)

Bond issuance volume hits record - FT ($) (05/08/2008 08:21 PM)

Lampert, Wood Reveal Failings of `Concentrated' Hedge-Fund Bets - Bloomberg (05/09/2008 04:50 AM)

Property Mogul Poised to Take a Second Fall - WSJ ($) (05/09/2008 05:22 AM)

The dollar danger is not over yet - FT ($) (05/09/2008 05:38 AM)

Probe Into Zwirn Firm Intensifies - WSJ ($) (05/09/2008 05:25 AM)

Citigroup's Pandit to `Wind Down' About $400 Billion of Assets - Bloomberg (05/09/2008 07:47 AM)

AIG's Loss, Need for Cash Add to Pressure on Sullivan - Bloomberg (05/09/2008 05:51 AM)

State Street Subprime Damages May Surpass Reserve - Bloomberg (05/08/2008 01:46 PM)

Citigroup considers $400bn asset sale - FT ($) (05/08/2008 08:24 PM)

Banks Fear Demand for Corporate Loans - NY Times (05/08/2008 08:28 PM)

Mortgage firm Fannie prices $4.5 bln of securities - Reuters (05/09/2008 06:04 AM)

Bad Investments and a $7.8 Billion Loss at A.I.G. - NY Times (05/09/2008 04:59 AM)

Exporters Battle Port Congestion - WSJ ($) (05/09/2008 05:53 AM)

Bankruptcies and defaults gather pace - FT ($) (05/09/2008 05:40 AM)

Credit crunch to claim 40,000 financial jobs - UK Times (05/09/2008 05:52 AM)

China's Inflation Mix Grows More Complex - WSJ ($) (05/08/2008 02:03 PM)

Indian Inflation Rises at Fastest Pace in 3 1/2 Years - Bloomberg (05/09/2008 05:20 AM)

Chinese assault on Australian resources - FT ($) (05/08/2008 08:20 PM)

U.K. Offers Help for Homeowners as Foreclosure Claims Rise - Bloomberg (05/09/2008 05:50 AM)

China producer price index up 8.1 percent in April - AP (05/09/2008 04:57 AM)

FT index confirms slowing housing market - FT ($) (05/09/2008 05:39 AM)

Australian Central Bank Raises Inflation Forecast - Bloomberg (05/09/2008 05:12 AM)

The costs of inflation - IHT , Saft (05/08/2008 10:36 AM)

Questions of Rent Tactics by Private Equity - NY Times , Morgenson (05/08/2008 08:25 PM)

A Little Pity, Please, For Lenders - NY Times , Norris (05/08/2008 08:27 PM)

Map of misery - Economist (05/09/2008 05:07 AM)

The financial crises of capitalism - FT ($) , Brittan (05/08/2008 02:04 PM)

First ink, now blood - Economist (05/09/2008 05:11 AM)

Empty Homes Spur Cities' Suits - Law.com (05/09/2008 04:58 AM)

For Mortgages Underwater, Help Swims In - WSJ ($) (05/09/2008 05:55 AM)

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