Credit Writedowns
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Economy
Some brief thoughts on private debt, financial fragility and economic growth
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Upbeat cyclical trends are juxtaposed to underlying financial fragility
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US GDP numbers and Russian sanctions scenarios
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Exogenous shocks
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Bad debt cannot simply be ‘socialized’
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A Limited Central Bank
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Merkel goes to China to halt German economic slowdown
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More on the accelerating economies in the US and the UK
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Accelerating recovery in the US, Spain and Britain
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On the BIS annual report, monetary policy and the hazards of overindebtedness
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