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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?

On the Fed’s tapering and the volatility in Japan

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On European rebalancing and Germany’s excess savings

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Links: 2013-05-22

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Excess German savings, not thrift, caused the European crisis

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On Greece’s eventual exit from the eurozone

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Links: 2013-05-21

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On Germany’s response to Euroland’s problems

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Germany is willing to accept a higher inflation target but does it matter?

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Links: 2013-05-20

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Links: 2013-05-19

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