In the clearest sign yet that the world is about to come to an end, the Frankfurter Allgemeine Zeitung–the grayest newspaper I know of on this planet–is going to start running color photos on the front page every day starting Friday. (“Inviting, fresh, clear,” the paper claims of its new look.) The FAZ did run [...]
The W$J’s Heard on the Street column reports that people are thinking the big writedowns at the likes of Citi, UBS and Deutsche Bank may be bigger than the actual losses: When valuing securities that have all but stopped trading, clarity is relative. Some investors say they fully expect banks and brokers to take the [...]
