By James Saft / Reuters
The great unwinding of debt now under way has made banks too scared to lend much and investors too scared to take on much risk.
By James Saft / Reuters
With momentum now behind the slump, the implication is that the process will take a long time and destroy trillions of dollars of capital.
By James Saft / Reuters
There are lots of reasons to be wary when sovereign wealth funds invest in a company: The funds have other agendas than pure profit, are often attracted to poor value "trophy" investments, and may well be subsidizing broken business models at banks.
By James Saft / Reuters
If credit is being strictly rationed and asset prices falling - as they are in housing and in stocks - investment, consumption and just about anything else that can be put off will be put off.
By James Saft / Reuters
The odds of a British recession are rising as the bills come due after a decade of dependence on debt and inflated house prices.
By James Saft / Reuters
Bottom-up optimism has helped to shield equities from the full force of gloom emanating for the credit crunch and the rising perception that the United States will fall into recession.
By James Saft / Reuters
No one knows when securitization will recover, or what it will look like when it does.
By James Saft / Reuters
With the securitization market absent without leave and no government-sponsored mortgage buyer to turn to, Britain's would-be homeowners are left depending solely on its banks.
By James Saft / Reuters
The combination of losses on investment funds and better rates from banks avid for capital could send British and other European savers scuttling back to the safety of deposit accounts.
By James Saft / Reuters
Global money markets will stay dysfunctional through the New Year, raising the risks of another Northern Rock-style blowup.
By James Saft / Reuters
If, by any chance, you've got some capital the banking system would sure like to use it.
By James Saft / Reuters
Getting a loan to buy a house in Britain, especially as an investment, is now a lot harder, spelling trouble for not just its extremely pricey real estate, but for its economy and financial markets as well.
By James Saft / Reuters
Europe, suffering a credit squeeze which shows no signs of easing, is facing real risks, both to growth and financial market stability.
By James Saft / Reuters
Recent data indicates that Americans are having a hard time keeping up their spending pace, while late payments on credit cards, and bank write-offs of that debt, mount.
By James Saft / Reuters
Cash rich and largely untouched by the debt and housing debacle undermining confidence in the United States, emerging markets are also insulated by newly flush locals with money to spend.
By James Saft / Reuters
Falling real estate prices, massive bank write-downs and a quickening drumbeat of slashed credit ratings adds up to one thing: The credit crunch has only just begun.
By James Saft / Reuters
Bond insurance, a key safety net of the financial system, is looking vulnerable, raising the possibility of another round of forced sales, write-downs and contagion.
James Saft
James Saft has more than 15 years' experience covering economics and finance. He was formerly the editor in charge of all coverage of economics and financial markets at Reuters. He has also been its global investment editor and chief correspondent for the London capital markets. He began his career covering syndicated lending and leveraged finance for Loan Pricing Corp., a Reuters subsidiary, then covered mortgage banking for American Banker.
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