Credit Writedowns

News links for 16 Jun 2014

Since I missed links yesterday, here are 30 instead of the usual 20. Starting on Friday, I will be on holiday and won’t be able to post at the normal times. I do intend to write though. So expect posts! Ireland's 10-year borrowing costs…

Going back to my comments from yesterday about the utility of macro, I want to talk a bit about credit excesses and valuation manias. The overall gist here is that manias are endemic to our system because psychology plays a big part in…

The title of this piece is a bit provocative but what follows is not intended to be a hit piece on the field of economics, rather I am going to use two recent articles on economics’ failure as a jumping off point for thinking about this…

Because of the lack of links on Friday, I have 10 more than usual today. BBC News - Japan growth data revised upwards Time to end use of commodities for credit in China | South China Morning Post Why employers prefer retirees who don’t…

This is a brief update to my last member post from this morning. Just reviewing what the ECB has done here, we see them taking four out of the five easing measures I outlined in May. The ECB could lower rates. Check The ECB could allow…

Summary The ECB did the expected this morning and lowered interest rates enough to send bank deposit rates at the ECB into negative territory. The ECB also met market expectations with an additional easing measure by implementing an LTRO…

U.S. Jobless Claims Up, But Still Near 7-Year Low - WSJ Rousseff Says Brazil Has No Fiscal Room to Further Reduce Taxes - Bloomberg Sprint, T-Mobile Move Closer to a $32 Billion Merger - WSJ Donald Sterling Agrees to Sale of NBA…

Yesterday and today, the German newspaper Frankfurter Allgemeine Zeitung had interesting articles on the ECB’s dilemma from a German perspective. I want to use these as a jumping off point for a discussion about Europe. The question is how…

Intel aims to eliminate all PC cables in 2016 - CNET Google Now Offers End-to-End Encryption on Email SwiftKey, Swype Already Working on iOS Keyboard Apps | Re/code Apple’s HomeKit will help Apple users command their smart home (with…