Credit Writedowns

Mark is right that time is not on Chairman Bernanke’s side. If you saw the Ron Paul video earlier today, you can see what’s happening. I don’t have a strong view, although I believe most of the other bloggers are against. Reminder: This…

When asked about monetary policy by Sen. David Vitter earlier this month, Ben Bernanke gave the following response. The public’s understanding of the Federal Reserve’s commitment to price stability helps to anchor inflation expectations…

Philly Fed factory activity at 4-1/2 year high | Reuters Democrats' Blues Grow Deeper in New Poll - WSJ.com BBC News - Irish Republic out of recession as GDP grows BBC News - Citigroup shares sale planned by US government…

Credit Writedowns has made it clear how little will there is in Washington for substantive reform in financial services.  But, let’s be more explicit in this post about what policy makers are doing.  I will use the recent…

Initial jobless claims for the week ended December 12th came in at a seasonally-adjusted (SA) 480,000, which is a rise of 7,000 from the previous week.  This brings the 4-week SA average down to 467,500, the lowest in 15-months. …

This comes from Bloomberg News: Estonia is set to meet its goal of adopting the euro in 2011 because of the Baltic country’s work on fulfilling fiscal requirements, European Union Economic Affairs Commissioner Joaquin Almunia said.…

Here's Jon Stewart on Comedy Central. In this episode, bad weather prevents CEOs of the three biggest financial institutions from attending a meeting with President Obama.

Steven Pearlstein - Out from under TARP, banks are now free to fail again - washingtonpost.com France Matches U.K. With 50 Percent Bonus Tax - DealBook Blog - NYTimes.com FT.com - End bankruptcy priority for derivatives, repos…

The importance of attractiveness depends on where you live - Science Daily Howard Dean: Health Care Bill 'Bigger Bailout for Insurance Industry Than AIG' - ABC News Google Contacts Can Kill Duplicates in Bulk - Lifehacker…