In-depth analysis on Credit Writedowns Pro.

Links: 2009-02-02

Happy Groundhog Day. By the way, the word on the street is that Germans who came over to Pennsylvania wanted to use hedgehogs in this mythical are-we-going-to-have -six-more-weeks-of-winter ritual. But, because there are no hedgehogs, they used groundhogs. This could be totally made-up rubbish, but that’s my contribution.

By, the way Punxatawney Phil saw his damn shadow. Winter is in full effect, as Londoners will attest.

YES WE CAN!! have a global depression if we really continue to work at it…Willem Buiter’s Maverecon

The Real Daschle Problem « – Swampland – TIME.com

Don’t Go There, Mr. President « – Swampland – TIME.com (Obama dissing Jessica Simpson?)

Zimbabwe dollar sheds 12 zeros – BBC News (most people wish the could add zeros)

New GOP chair comes out swinging – - USATODAY.com

I have fallen into recession’s web of fear – FT.com – Lucy Kellaway (Hat tip, Yves Smith)

Iceland on the Thames: Can Countries Really Go Bankrupt? – SPIEGEL ONLINE – News – International

Credit downgrade hits Barclays’ shares – FT.com

Chinese spending creates deficit – BBC News

Buenos Aires’ boom town – - National Post

It’s Not the Bonus Money. It’s the Principle – NYTimes.com

Commercial property values plunge – BBC News

Rio in stake talks with Chinalco – - BBC News

In Time of Tumult, Obscure Economist Gains Currency – WSJ.com

About 

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. 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. Edward also writes a premium financial newsletter. Sign up here for a free trial.