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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?

Corporatism and Fraud are Why We’re Screwed:

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The municipal meltdown in double-dip Europe is a clear warning sign

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Chart of the Day: Spanish regional debt totals and as percent of regional GDP

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Spanish regional governments unable to refinance 15.8 billion euros of maturing debt as debt deflation takes hold

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Stagflation is becoming entrenched in Argentina’s economy

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On Spain’s death spiral, regional bailouts and Germany’s ability to profit from crisis

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What is wrong with people?

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Confusion over Spanish bailout seniority and evidence of slowing in US and China

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Full text: Spain Bank Bailout Memorandum of Understanding

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German – Spanish 10-year spread reaches record 610 basis points

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