Credit Writedowns » outlook

A few brief comments on America’s fiscal choices

Edward Harrison — Wed, 06 Apr 2011 19:00:14 +0000

The private sector (particularly the household sector) is overly indebted. The level of debt households now carry cannot be supported by income at the present levels of consumption. The natural tendency, therefore, is toward more saving and less spending in the private sector (although asset price appreciation can attenuate this through the Wealth Effect). That

Credit Writedowns Pro is live. Sign up today for premium content.
A few brief comments on America’s fiscal choices originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.

The Seven Immutable Laws of Investing

Guest Author — Wed, 23 Mar 2011 12:30:00 +0000

In my previous missive I concluded that investors should stay true to the principles that have always guided (and should always guide) sensible investment, but I left readers hanging as to what I believe those principles might actually be. So, now, for the moment of truth, I present a set of principles that together form what I call The Seven Immutable Laws of Investing. They are as follows: Always insist on a margin of safety This time is never different Be patient and wait for the fat pitch Be contrarian Risk is the permanent loss of capital, never a number Be leery of leverage Never invest in something you don’t understand

Credit Writedowns Pro is live. Sign up today for premium content.
The Seven Immutable Laws of Investing originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.

How to Look for a Job

Frederick Sheehan — Wed, 04 Aug 2010 13:30:57 +0000

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Unemployment is stuck in a rut. One reason is the tendency to look backwards. Trillions of dollars have been spent (with no end in sight) to bail out

Credit Writedowns Pro is live. Sign up today for premium content.
How to Look for a Job originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts No related posts.

ECRI Weekly Index falls to a 56-week low of -6.9

Edward Harrison — Fri, 25 Jun 2010 15:37:17 +0000

This comes via the ECRI website: A measure of future U.S.economic growth rose slightly in the latest week, but its annualized growth rate continued to fall, indicating the economy is about to slow, a research group said on Friday.The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose

Credit Writedowns Pro is live. Sign up today for premium content.
ECRI Weekly Index falls to a 56-week low of -6.9 originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

ECRI Weekly Leading Index falls further into negative territory 18 Jun 2010
ECRI Leading Indicators Levels Now Flashing Red 11 Jun 2010
ECRI Leading Economic Index at 42-week Low; Recovery is already fading 25 May 2010

Hussman: Cliffhanger

Guest Author — Mon, 21 Jun 2010 19:14:10 +0000

The following is an excerpt from John Hussman’s latest Weekly Market Commentary. I noted last week that we are closing in on a syndrome of indications that has always and only appeared during or immediately prior to recessions. At present, however, we still do not have that evidence in hand. A recession forecast would be

Credit Writedowns Pro is live. Sign up today for premium content.
Hussman: Cliffhanger originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Hussman: Four Things To Look For As A Harbinger of Recession 14 Jun 2010
ECRI Leading Indicators Levels Now Flashing Red 11 Jun 2010
ECRI Weekly Leading Index falls further into negative territory 18 Jun 2010

Meredith Whitney Comments on Housing Double Dip

Edward Harrison — Mon, 21 Jun 2010 14:54:32 +0000

Meredith Whitney was a guest host on CNBC at 8AM ET talking about an anticipated housing double dip. The videos are below. A few comments first. Whitney was late to the recovery party in 2009 in my view. But I found the recent Rip Van Whitney piece by banking insider Thomas Brown a bit patronizing.

Credit Writedowns Pro is live. Sign up today for premium content.
Meredith Whitney Comments on Housing Double Dip originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Meredith Whitney: “I haven’t been this bearish in a year” 16 Nov 2009
Meredith Whitney: more bearish than ever, but… 1 Dec 2008
Whitney: The housing market surely will double dip 16 Mar 2010

Federal largesse was countered by state and local cutbacks

Edward Harrison — Sat, 19 Jun 2010 12:15:24 +0000

In looking back on the efficacy of stimulus in the United States, Ezra Klein has a few thoughts in the Washington Post’s "You’ve seen the stimulus. Now, meet the anti-stimulus." A multiple choice question for you: Did the stimulus a) work; b) fail; c) end up locked in an unexpected battle with the massive anti-stimulus

Credit Writedowns Pro is live. Sign up today for premium content.
Federal largesse was countered by state and local cutbacks originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Will federal largesse be countered by state and local cutbacks? 2 Jan 2009
State tax revenue down 26% in 2009 18 Jun 2009
State and local governments: budget cuts likely 18 Mar 2008

ECRI Weekly Leading Index falls further into negative territory

Edward Harrison — Fri, 18 Jun 2010 15:32:47 +0000

Growth in the ECRI weekly leading index fell further into negative territory. The growth rate for the week of June 11 weakened to -5.7%, down from -3.7% in the previous week, which had been the first negative reading in almost a year. "Despite the WLI’s rapid drop over the last six weeks, its downturn has

Credit Writedowns Pro is live. Sign up today for premium content.
ECRI Weekly Leading Index falls further into negative territory originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

ECRI Leading Indicators Levels Now Flashing Red 11 Jun 2010
ECRI Leading Economic Index at 42-week Low; Recovery is already fading 25 May 2010
Achuthan: Leading Indicators Point To Slowing Growth; Jobs Outlook Murky 5 Jun 2010

David Rosenberg on the Economy

Edward Harrison — Mon, 14 Jun 2010 14:16:50 +0000

David Rosenberg is out with a good post that takes on the double dip theme that everyone is talking about. As you would expect, he has a bearish spin. To the degree you want counterfactuals, I really like what Morgan Stanley has to say in their research piece "Just Say No to the Double-Dip." The

Credit Writedowns Pro is live. Sign up today for premium content.
David Rosenberg on the Economy originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quote of the Day: David Rosenberg on tax rebates to buy iPods 10 Jul 2008
David Rosenberg: This is the Great Depression II 2 Jan 2009
One on One with David Rosenberg, Chief North American Economist at Merrill Lynch 9 Aug 2008

If the data are so good, why is everyone screaming double-dip?

Edward Harrison — Mon, 14 Jun 2010 01:51:22 +0000

This week’s review post is a bit late since I have been spending all my time watching the World Cup. Like last week, I will put the review in narrative form with links to last week’s posts embedded. The numbers were OK but… I think the last week’s data were pretty good. I know I’m

Credit Writedowns Pro is live. Sign up today for premium content.
If the data are so good, why is everyone screaming double-dip? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Double dip nightmares 4 Dec 2009
Data that makes it seem the U.S. economy headed for a 2010 double dip 1 Jun 2010