Credit Writedowns

A little weekend music for those of you who haven't seen enough of Michael Jackson. Enjoy.

A post by Annaly Capital Management Some recent economic data (like today’s downwardly-revised “final” reading on 1Q 2010 GDP) have suggested that the economic recovery is waning. Not surprisingly, talk of additional stimulus has started…

More on Stimulus and Austerity In The Long Run, We Are Still All Dead - Paul Krugman Blog - NYTimes.com Stimulus, Austerity, and the Spiral of Decline - Daily Reckoning FT.com Mohamed El-Erian - Beyond the false growth vs…

It's not my position. But I would think someone would articulate it. It sounds like what Mark Thoma would advocate, for example. That is, someone could advocate: 1 A larger deficit in the short term. 2. Specific, clear…

This comes via the ECRI website: A measure of future U.S.economic growth rose slightly in the latest week, but its annualized growth rate continued to fall, indicating the economy is about to slow, a research group said on Friday.The…

The euro has declined about 0.75% this week.  This seems fairly resilient, given that news stream that included the downgrade of a large French and Dutch bank, record premiums by Greece and Portugal and disappointing euro zone…

This morning while I was doing my BBC Interview, the Credit Writedowns database failed. I noticed it first when there were no posts on the front page - just a note saying "Sorry, the post you are seeking does not exist." In any…

The final revision to Q1 US GDP was disappointing in the headline and composition.  It is mitigated on the margins, for investors, by the substantial upward revision in corporate profits. Growth was revised to 2.7% from 3.0%…

Highlights The US dollar is little is generally firmer in a risk averse environment ahead of the weekend.   The notable exception is the Swiss franc, which is benefiting from tensions in the euro zone and the recent downgrade of…

Below is the weekly commentary from Comstock Partners. The softening in the economy that we have been looking for is now becoming a reality as a wide sampling of the latest monthly or weekly economic releases clearly indicates that a…