About Credit Writedowns

Credit Writedowns (www.creditwritedowns.com) is a news and opinion site dedicated to bringing a well-informed view of finance, economics, markets and all relevant global events into the global mainstream consciousness. The site started in…

Bio: Edward Harrison

Edward I am a former European credit markets and M&A guy who started out as a diplomat. -- so I have some pretty diverse interests. The official line is that I am a banking and finance specialist at the economic consultancy Global…

War in Iran: Is it inevitable?

Earlier today in the news, it was revealed that our top man in the military in the Middle East, William J. Fallon has asked to retire and resign from his post (see story)This story may seem innocuous and of little to no consequence at a…

The US Economy 2008

This blog entry is an updated version of something I wrote way back in 2004. I wrote 90% of this 4 years ago when housing prices were much lower. The fact that I can re-publish this today, largely unchanged, demonstrates how the housing…

Recession: How Long and How Deep?

We are already in recession by most accounts as I said on this blog yesterday. But, today I went back and looked at some of the historical employment data to see what the data said about Employment and recessions. What I was able to find…

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