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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?

The new normal that never was

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Low interest rates and banks’ net interest margins

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Negative interest rates are just a tax on reserves that lowers net interest margins

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The German current account surplus requires deficits elsewhere

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The titillating and terrifying collapse of the dollar. Again.

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A few comments on Helicopter Money

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Job growth is slowing, so when will the Fed hike rates?

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Democratic values in the EU and the rise of the German right wing

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Bill Gross on helicopter money and Universal Basic Income

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Where would the US be today without the shale stimulus?

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