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View from the trenches: The bond market

It remains to be seen if the credit crisis will usher in an actual recession, but the pain is now being felt far beyond Wall Street. The commercial paper market has effectively ground to a near halt.... Read more...

Employment situation worsens in NYC

Recall that in March, New York City's budget office predicted that 20,000 jobs would be lost in the financial services sector. It now says that total job losses will run to 33,300 jobs, notes... Read more...

The past, present and future of junk bonds

There's been a good deal of debate about the role of junk bonds in the ongoing credit crunch. Martin... Read more...

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