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…

Bio: Edward Harrison

Edward I am a former European credit markets and M&A guy who started out as a diplomat. -- so I have some pretty diverse interests.The official line is that I am a banking and finance specialist at the economic consultancy Global…

War in Iran: Is it inevitable?

Earlier today in the news, it was revealed that our top man in the military in the Middle East, William J. Fallon has asked to retire and resign from his post (see story)This story may seem innocuous and of little to no consequence at a…
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