How we got into this mess

A few days ago Comstock Partners released a Special Report outlining how we got into the economic malaise that is hitting us right now. Their report is spot on in terms of the genesis of our problems being easy money. They also accurately…

Is the Fed reckless?

Recently, on Mar. 18th, the Federal Reserve lowered the Fed Funds rate to 2.25%. In the accompanying statement, the Fed said the following:"Recent information indicates that the outlook for economic activity has weakened further. Growth…

It’s the debt, stupid

Note from June 2010: You'll forgive me if I have conflated private and public sector debt below as if they are the same. They are not. When I speak of deficit spending in the same voice as private sector debts, I really point to deficits to…

The dollar collapses

The dollar has suffered a spectacular collapse against the Euro, Swiss Franc, Gold and Silver as investors flee U.S. Assets in the wake of the spectacular collapse of one of Wall Street's largest companies, Bear Stearns. The Swiss Franc…

Bear Stearns collapses

The credit bubble has claimed its first major finance company: Bear Stearns. The venerable firm, which traded as high as $160 in 2007 and was trading above $60 just last week, was bought for a mere $2 per share by rival JP Morgan Chase and…

Economic News Round-Up

Economic News Round-upI am off to the beach for a week, so I thought I would highlight a few stories that I have found particularly interesting as opposed to writing anything of substance today.JP Morgan Chase, Fed Funding Bear Stearns -…

About Credit Writedowns

Credit Writedowns (www.creditwritedowns.com) is a news and opinion site dedicated to bringing a well-informed view of finance, economics, markets and all relevant global events into the global mainstream consciousness.The site started in…
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