Credit Writedowns

Markets in the US are poised for another day of heavy selling as the weekend approaches. And the worry has to be about having open positions over the weekend when any bad news would cause heavy selling pressure at market open on Monday. So,…

I am doing a interview piece for Real Vision today, in which I will ask a number of veteran market players what they're seeing as the coronavirus scare takes full form. So, in preparation for that, I am writing this piece, because I think…

I have been studying up on what epidemiologists are saying about the coronavirus. And, right now, there seem to be two divergent outcomes for how the Covid-19 outbreak develops. And there also seem to be two potential approaches to dealing…

This post is going to be about the tightening of financial conditions as evidenced by a rush to safe haven assets and bond market spread-widening. But I want to start with how I am thinking about the economic impact of the Covid-19 virus…

Markets are diving across the globe today, with fears of the negative impact of the coronavirus making most headlines. I made my view on this clear on Friday. The coronavirus is a potent threat to the global economy, and could even force…

Whenever I give the 'all-clear’ to the US economy - even on a near-term basis, I am always a little uneasy given how little we know about the lasting impact the coronavirus will have. And sure enough, after yesterday’s post on the…

I watched the Democratic Debate in Las Vegas last night. And after looking at some analysis of the economy and the debate this morning, I came to the conclusion that we are seeing a worst case scenario for the Democrats' hopes to defeat…

I just saw a tweet by Vox journalist Aaron Rupar discussing the controversy surrounding the release of Bernie Sanders' health records. And it led me to a series of conclusions and thoughts I wanted to run by you.

I am going to write mostly about the economic impact of the Covid-19 coronavirus outbreak today. But I have one or two other pieces to add here as well.

It was almost exactly nine years ago that I wrote called “Corporatism masquerading as liberty” at Credit Writedowns. The gist was that, as I put it then the “‘Corporatist’ is a kleptocrat masquerading as a believer in liberty. He uses…