The Credit Crunch Is Here: I-Banks Fail To Sell Bonds and Loans To Finance Chrysler and Alliance Boots LBOs

All you really need to read to understand today’s market crash is an article on the front page of The Wall Street Journal titled: “Banks Delay Sale of Chrysler Debt As Market Stalls” (subscription required).  If you really want to…

My, My How Quickly Things Change On Wall Street – 10 Year Treasury Closes Below 5%; Ken Fisher Says: Watch Credit Spreads

A month ago the big story was rising interest rates.  Everybody was talking about how the economy was holding up while inflation was still a problem and so, far from cutting rates later this year, the Fed’s next move might…