October 2009 – Page 3 – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

On so-called bureaucrats in Washington and the morality of capitalism

Extend and pretend and the growing divide between delinquencies and foreclosures

Former Citi Chairman in favor of re-imposing Glass-Steagall

Is the U.S. dollar carry trade replacing the one in Japanese yen?

Case-Shiller shows further improvement in U.S. house prices

Bill Gross: “almost all assets appear to be overvalued on a long-term basis”

Links: 2009-10-27

Hayek: “I am not only against inflation but I am also against deflation.”

A conversation with Stephen Roach on Charlie Rose

Understand the Fed’s balance sheet