The Credit Writedowns Newsletter

NewTopDiscussion
In the last few weeks, I've been seeing a lot of buzz about Modern Monetary Theory aka MMT. And most of what I'm seeing is reductionist to the point of…
Comment8
Share
I've been thinking about what happened with share prices of GameStop and other companies that were bid up last week and want to give you a few thoughts…
Comment3
Share
Good morning everyone, I have some exciting — and also - sad news to tell you today. First, I am going to Bloomberg as a Senior Editor. And I am going…
Comment10
Share
I have been watching the third wave make its way across Europe and reading the European press to get a sense of how bad it is. And it definitely looks…
Comment
Share
Let's veer into the political economy today, a sort of third rail of market and economic commentary. The reason I want to discuss it is the tax grab…
Comment2
Share
I haven't been teeing up thought pieces on the financial system on Credit Writedowns for a while now. And that's a shame since this site's name owes to…
Comment1
Share
Sorry for the alarmist post title. But the Fed has completely bottled it. I've been warning for some time that it could go this way. And now, we are in…
Comment
Share
I have a conversation scheduled for 4PM today with Real Vision CEO and Co-Founder Raoul Pal. And I wanted to use today's newsletter as a 'prep' for that…
Comment2
Share
I am going to argue here that monetary policy is both less effective than fiscal policy, and that over-reliance on it unnecessarily politicizes monetary…
Comment
Share
This is my first time posting in a week. There was a combination of factors that kept me away from the newsletter like pressing work at Real Vision and…
Comment10
Share
As I write this, the US 10-year Treasury bond is yielding 1.457%, well under the trading range it had established during this quarter. And there are a…
Comment3
Share
Yesterday on the Real Vision Daily Briefing, my colleague Jack and I answered a question by viewer Dianna, "are there metrics you are watching closely…
Comment1
Share
© 2022 Global Macro Advisors
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing