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Most Read Matt Taibbi: Obama’s Big Sellout The phony Senate health care reform bill Video: Ron Paul on Bernanke as Person of the Year Bank collapse in Austria brings debt in Eastern Europe center stage Standard Bank says…

Most Read Buiter: “It’s Five Minutes to Midnight for Greece” Jon Stewart says Gretchen Carlson is dumbing herself down for Fox Mental Midgets and Moral Pygmies John Mauldin: “Nobody’s holding a gun to your head” on stocks…

I will try to make it easier in future for readers to get an overview of the content available on Credit Writedowns by posting a week in review post like this. That way, you can drill down into the bits of the most well-received posts of…

Update: 3 Apr 2009: I have been getting more positive about the possibility of a cyclical upturn before 2009 is over (what I like to call a fake recovery). Meanwhile, the punderati are seeing black when they should be seeing shades of…

On February 6th, I started a poll asking whether the global economy was experiencing a recession or a depression. In the interim, I have tried to stay neutral on the issue. Now it is time to close out the poll. Below you can add your…

With a name like "Credit Writedowns," this site is obviously not preternaturally given to the wildly optimistic scenario. In fact, my operating assumption is to hope for the best, but plan for the worst and expect something in between.…

Happy New Year. As the new year begins, I find myself in a fairly optimistic frame of mind. Perhaps, we can wipe the slate clean and start anew this year. In that vein, let me share with you what I think needs to be done in order to right a…

This is the time of year when everyone tends to look back and sum up the year in one way or another. I have been doing much of the same. In keeping with that theme, I have taken a good look through my nearly 1400 posts to get a better…

The U.S. Dollar has been holding up quite nicely during this credit crisis. In fact, it rallied significantly from deeply oversold levels against the Euro and British Pound (remember Dollar-Euro at 1.60 and Dollar-Pound at 2.10?). However,…

Yesterday morning, I heard Louise Yamada on Tom Keene's show on Bloomberg Radio giving her assessment that stocks may break below 2002 lows. I mentioned this in yesterday's news round-up. But, now I have the audio for you as well.…