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Credit Writedowns

Goodbye to Credit Writedowns

Risks to growth and inflation helping keep long rates down

What’s your model on how real GDP grows durably?

Bears forced to raise targets

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‘Bullish’ takeaways from US jobs data

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News flow as European shares outperform the US

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Some brief thoughts on the second coronavirus spike and financial markets

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The Fed’s stress tests and severely adverse outcomes

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The reverse-radical and W-shaped recoveries

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Re-opening, the pandemic and a potential double dip

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The coronavirus pandemic is worsening

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Fed asset purchases and Hyman Minsky’s two price system

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The recession is over

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