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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?

News Links: ECB’s Draghi Says Debt-Crisis Strategy Is Working

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News Links: America’s incredible shrinking labour force

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Willem Buiter: “We will certainly have a panic stage before the debt crisis is resolved” (part 2)

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Buiter: “The temporary pause in the European debt crisis is as deceptive as the frenzy before the New Year”

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Willem Buiter: “We will certainly have a panic stage before the debt crisis is resolved” (part 1)

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All S&P sovereign credit ratings in order from Australia to Greece for January 2012

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Full text: S&P European Sovereign Downgrades

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Chart of the Day: U.S. Gasoline Consumption Tanks in 2011

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More on the self-regulatory banking saga, SEC version

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The Sovereign Debt Crisis and Confirmation Bias

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