Comments on: Why is this blog named Credit Writedowns? http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit.html Sat, 07 Nov 2009 16:20:56 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Barack Obama ushers in a new era in America - Credit Writedowns http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit.html/comment-page-1#comment-4229 Barack Obama ushers in a new era in America - Credit Writedowns Sun, 08 Mar 2009 03:17:19 +0000 http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit-writedowns.html#comment-4229 [...] Below are a number of charts that I have compiled which should make abundantly clear what the disequilibria were and how large they had become. Presently, this re-balancing is being forced upon us by a deep recession. It is unfortunate we could not have had the foresight to avoid the worst of things by taking corrective action earlier, particularly after the tech bubble in 2001. [...] [...] Below are a number of charts that I have compiled which should make abundantly clear what the disequilibria were and how large they had become. Presently, this re-balancing is being forced upon us by a deep recession. It is unfortunate we could not have had the foresight to avoid the worst of things by taking corrective action earlier, particularly after the tech bubble in 2001. [...]

]]> By: Sam http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit.html/comment-page-1#comment-702 Sam Sun, 23 Nov 2008 04:38:08 +0000 http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit-writedowns.html#comment-702 http://www.tonistraka.com/ China Considers US Treasuries Still the Best Option A surprising change of course - that contradicts semi-official statements from only two months ago - in Chinese forex policy may bolster US treasury debt for a while. According to a front page report of chinadaily.com Chinese economists recognize the dire state of US financial affairs that root in the reckless spending spree during the reign of George Bush. But having become the biggest holder of US debt as of September 2008 China apparently also accepts the fact that a premature exit out of its $585 billion stash of Treasury paper would unsettle the shaken financial world to a degree nobody wants to ponder about. The report hints that China will remain a good bidder in future Treasury auctions, at these times certainly a more stabilizing act than what is coming from the US Treasury itself. Labels: china, debt, deficit, fiat money, FRN, usa http://www.tonistraka.com/
China Considers US Treasuries Still the Best Option

A surprising change of course – that contradicts semi-official statements from only two months ago – in Chinese forex policy may bolster US treasury debt for a while. According to a front page report of chinadaily.com Chinese economists recognize the dire state of US financial affairs that root in the reckless spending spree during the reign of George Bush.
But having become the biggest holder of US debt as of September 2008 China apparently also accepts the fact that a premature exit out of its $585 billion stash of Treasury paper would unsettle the shaken financial world to a degree nobody wants to ponder about. The report hints that China will remain a good bidder in future Treasury auctions, at these times certainly a more stabilizing act than what is coming from the US Treasury itself.

Labels: china, debt, deficit, fiat money, FRN, usa

]]> By: John http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit.html/comment-page-1#comment-350 John Mon, 29 Sep 2008 12:09:00 +0000 http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit-writedowns.html#comment-350 Hi,<br/><br/>I greatly enjoyed looking through your blog "creditwritedowns.com" and found an informative one for finance related topics.I have also some finance related web sites having more information regarding various financial problems and its solutions.So,I think it would be beneficial for both of us if we will join in a community.If you are interested then please contact me at- johnberts123(at)gmail.com<br/><br/>Thanks<br/>John Hi,

I greatly enjoyed looking through your blog “creditwritedowns.com” and found an informative one for finance related topics.I have also some finance related web sites having more information regarding various financial problems and its solutions.So,I think it would be beneficial for both of us if we will join in a community.If you are interested then please contact me at- johnberts123(at)gmail.com

Thanks
John

]]> By: Edward Harrison http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit.html/comment-page-1#comment-325 Edward Harrison Tue, 23 Sep 2008 23:33:00 +0000 http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit-writedowns.html#comment-325 sobers, thanks for your input. I am optimistic that people will be held to account. Let's see how it unfolds. What is clear now is that most people are just now waking up to the magnitude of this thing. sobers, thanks for your input. I am optimistic that people will be held to account. Let’s see how it unfolds. What is clear now is that most people are just now waking up to the magnitude of this thing.

]]> By: sobers http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit.html/comment-page-1#comment-323 sobers Tue, 23 Sep 2008 09:42:00 +0000 http://www.creditwritedowns.com/2008/09/why-is-this-blog-named-credit-writedowns.html#comment-323 I can't fault your analysis. For the last 5 years I and a friend have been constantly discussing the fact that the economy is apparently climbing with no safety ropes. The higher you get, the worse the fall. And unlike climbing, there is always a fall in the economy. And now we have the crash we have all predicted. Does that make me feel good? If I'm honest there is a a little bit of pleasure at being proved right, after all the years of being laughed at for decrying higher house prices, cheap credit cards and mortgage equity withdrawal as a way of life. But mainly a feeling of sadness that so many people are going to suffer so much because of the shortsightedness of the people in charge. I honestly believe that the politicians and central bankers should be held to account for the misery that their inaction will cause to to many. I can’t fault your analysis. For the last 5 years I and a friend have been constantly discussing the fact that the economy is apparently climbing with no safety ropes. The higher you get, the worse the fall. And unlike climbing, there is always a fall in the economy. And now we have the crash we have all predicted. Does that make me feel good? If I’m honest there is a a little bit of pleasure at being proved right, after all the years of being laughed at for decrying higher house prices, cheap credit cards and mortgage equity withdrawal as a way of life. But mainly a feeling of sadness that so many people are going to suffer so much because of the shortsightedness of the people in charge. I honestly believe that the politicians and central bankers should be held to account for the misery that their inaction will cause to to many.

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