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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?

Citi agrees to do cramdowns

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Paul Davidson: Reforming the world’s international money

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FT: Ukraine must pay Russia market prices for gas

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Germany partially nationalizes second-largest bank

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Jobless claims fall again due to seasonality

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Links: 2009-01-08

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Pensions: $400 billion hole to reduce U.S. corporate earnings

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Tribune bondholders will lose 98.5 percent

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Quote of the day: John Kenneth Galbraith – The Bezzle

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ADP sees nearly 700,000 job losses in December

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