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 end this week's daily posts with a sort of "where are we?" post.
If I wasn't clear in yesterday's daily post, I'm mostly bullish these days. Unemployment is low and jobless claims data say it can continue to fall. GDP growth has been above 3% for a while now and looks to stay that way as well. And companies and households are generally optimistic about the future. That's a great picture for the next 6 to 12 months going forward.
Think of the business cycle as distinct from the credit cycle
The worry is the credit cycle. And I want to get to that. But let...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.