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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?

Links: 2008-12-19 – ZIRP, Pain, and Fraud

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GM’s German subsidiary may cut ties

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FAS 157 and the significance of distress versus bankruptcy

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Links: 2008-12-18 – more on ZIRP

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Letterman’s Top 10 George Bush moments

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Free trade is dead: victim of a poor economy

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U.S. initial jobless claims fall 21,000 to 554,000

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Canada: how much of a slowdown should we expect?

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Rio Tinto: all kinds of trouble

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Links: 2008-12-17

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