In-depth analysis on Credit Writedowns Pro.

Links: 2009-07-04

Happy 4th of July, America.

  • I Know This Much Is True – Barrons.com

    An interview with "Random Walk" Author Burton Malkiel. He talks about China and more.

  • The human cost of businesses entering administration is high – Telegraph

    Don’t let people tell you bankruptcy is pain-free. For employees, it’s not.

  • Sarah Palin To Quit As Alaska Governor – Swampland – TIME.com

    This seems to be a way to let her run for President full time like Romney.

  • Why our debt-to-GDP ratios are right on – Marshall Auerback

    Interesting thoughts on how the private sector can net save without debt deflation

  • Pay-for-Chat Plan Falls Flat at Washington Post – NYTimes.com

    Here’s another update on the WaPo lobbyist scandal.

  • La producción industrial cayó un 20.5% en mayo y ya encadena 13 meses de descensos

    Industrial production down 13 months straight in Spain. Off 21% now.

  • Steinbrueck’s Toxic-Asset Bill Passed Months After Crisis Hit – Bloomberg.com

    The German bad bank plan looks like a done deal. Will it fix the problem?

  • Ruth Madoff forced out as US marshalls seize family penthouse and possessions – Telegraph

    She first argued, then asked to stay, then asked to take a fur coat with her.

  • Greater Understanding Of Lyme Disease-causing Bacteria

    differences in strains determine antibiotic-refractory Lyme arthritis.

  • Police crackdowns may encourage drug use – New Scientist

    Some dealers make drug purity a calling card.

  • The Problem With Self-help Books: The Negative Side To Positive Self-statements

    "As the authors concluded, "Repeating positive self-statements may benefit certain people [such as individuals with high self-esteem] but backfire for the very people who need them the most.""

  • That ’30s Show – Paul Krugman, NYTimes

    Let me paraphrase, since I have been singing the same tune: depression is on our doorstep unless we get more jobs and income. That means the stimulus may fail in part because it wasn’t enough to begin with.

  • naked capitalism: Willem Buiter: "Why Zombie Banks Will Need More Money"
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    Distraction of the Day: Air New Zealand’s new in-flight safety video

     

    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.