Articles By: Edward Harrison
Chart of the Day: Developed economies’ debt levels by sector
This is a great chart below via the Wall Street Journal. It shows the total debt to GDP ratios for the largest developed economies in the world broken down into four sectors: households, non-financial corporations, financial institutions and government
Spanish government doubts it can achieve deficit target
I have been saying for a few months now that all of the periphery would miss their targets as depression took hold. Belgian newspaper De Standaard reports that the new Spanish government is fearful. My translation from Dutch below
Sucking up to power, Timothy Geithner edition
You have probably heard a lot of noise about what was said about the housing bubble at Federal Reserve meetings in 2006. There is a quote from Timothy Geithner, then the NY Fed chief, that I think is quite revealing
On the IMF bailouts, Greek defaults and Canadian household debts
Below is the link to my latest appearance on BNN with Howard Green and Ryan Avent. Quick thoughts here
News Links: Does Austerity Promote Economic Growth?
Does Austerity Promote Economic Growth? – Robert J. Shiller – Project Syndicate Policymakers cannot afford to wait decades for economists to figure out a definitive answer, which may never be found at all. But, judging by the evidence that we have, austerity programs in Europe and elsewhere appear likely to yield disappointing results. Redundant business
Full text: Indonesia regains investment grade from second ratings agency
Just as Europe and the US are suffering massive downgrades, other countries are seeing their risk profiles improve. Indonesia is a perfect example
The latest at Credit Writedowns
Hi Everyone, I just wanted to update you on the goings-on here at Credit Writedowns in the new year
AT&T raising charges by 33%
This is not an opinion on AT&T stock since AT&T benefits from a monopoly status in fixed line and oligopoly status in mobile telecom. But I did want to briefly flag something regarding the telecom industry and M&
[PREMIUM] Where Europe is headed and what it means for investors
This is weekly number three for Credit Writedowns Gold. The topic for the week is really unavoidable because it is all anyone talks about: Europe. Let’s be honest, Europe is a complete mess and I believe it will only get worse. The question for you is what will that mean for the real economy and investing. I am going to present my view here
Münchau: We are fighting the wrong crisis
To me this situation looks pretty hopeless frankly. Policy makers in Europe just don’t get it. The best we are going to get is austerity and partial monetisation by the ECB until the union breaks or sovereign debtors default and banks are recapped. The question is why are they leading us down the abyss
