Credit Writedowns

There are a lot of different things on my radar screen right now. And below is the list of news items I want to touch on in that context. As I've been saying recently, I'm fairly bullish on the US economy and US market despite shares being…

In the past year, Italy has been a source of a lot of investor angst, with 10-year yields reaching levels not seen since 2014. Despite the simmering crisis there, I am not concerned about short- or medium-term outcomes because I believe the…

There was a slew of PMI data released yesterday. And the ISM released it's manufacturing numbers for the US as well. Almost all of the data were bullish and supports the idea that this economic expansion has legs for the rest of 2018 and…

So, I am chunking these posts now. I don't think it makes a lot of sense to write everything at once, trying to be as comprehensive as possible by fitting a ridiculous amount of text into one post. So I tend to write in chunks. This is a…

When I last wrote about Tesla, I ended this way: It’s clear to me that Elon Musk is not focused. He’s erratic and impulsive. Those are not the traits you need in a Chairman and CEO, when you have a cash crunch staring you in the face just…

I'm back! Last week, I was on a hiking trip out in Arizona to Havasu Falls in one of the Canyons abutting the Grand Canyon National Park. It was an amazing experience that I would recommend to anyone. And it will probably rank as one of my…

I am sending this out to everyone on the distro today because I am going on vacation/holiday for the next week and I won't be near a computer for all of that time. There will be no Credit Writedowns posts all this next week!! So I want to…

I am looking forward into 2019 at this point. And if you look at the Fed's summary of economic projections from June, you see a median projection for the fed funds rate moving from 2.4% at the end of this year to 3.1% at the end of 2019. So…

Today's daily post will feature a number of articles on topics I think should be on your radar screen, with a few thoughts from me on each article. And I want to lead with the Department of Labor's 8:30am jobless claims release. 1 -…

The trade war between the US and China is now in full bloom. And it's likely to escalate. My view here has been that China is more vulnerable in this bust-up than the US. Even so, I don't expect the Chinese to back down. On the contrary,…