Credit Writedowns

YouTube - German Workers Demand Higher Wages as Economy Recovers Ingrid Betancourt: I still have nightmares | World news | The Guardian Gross' Pimco makes $8.1bn bet against US deflation Mike Whitney: The Swelling Backlog…

Marshall Auerback e-mailed "I'm having another Howard Beale moment" and sent a link to this wonderful piece of 1970s cinema as a visual. Enjoy.   P.S. - Are they yelling in Atlanta? Source: Network (1976) – Internet…

by Annaly Capital Management The chatter is deafening. The results of the primary elections this week, with the strong anti-incumbent fervor and the surprising showing by the Tea Party, has Beltway pundits all aflutter about the possible…

David Stockman was Ronald Reagan's first Budget Director. He left the political world for things like Private Equity. Lately, he has been making headlines for his statements regarding the economy and fiscal matters. He says "In some…

by John Lounsbury Average home prices are virtually unchanged from July 2009 to July 2010 according to the latest report form First American CoreLogic, which provided the data for the following graph from Calculated Risk. The graph has…

Marginal Revolution: On Austro-European business cycle theory In Pursuit of Empirical Macroeconomics, Arnold Kling | EconLog | Library of Economics and Liberty Automatic stabilisers and the global crisis | vox Avinash Persaud:…

The economic historian Arnold Toynbee argued that civilization began in the East, expanded around the world, and will return to the East. Even if expressed somewhat differently, many people seem to believe that the 21st century will be a…

Highlights The US dollar is mostly softer, but consistent with this week’s developments, the Japanese yen and Swiss franc are laggards. Additional intervention was not seen and the dollar has held above the JPY85.50. Japanese exporters…

In this piece on GDP and recessions, John Lounsbury expands on an earlier article about how this particular recession is different. Catch more of John and other top-notch econ writers at Global Economic Intersection, John's new website on…

by Comstock Partners Last week, toward the end of our comment on consumer deleveraging, we mentioned that the year-over-year change in the ECRI Weekly Leading Indicator had strongly suggested the distinct possibility of recession. In…