Tue 2009-04-21 00:00 EDT
naked capitalism: Guest Post: It's the writedowns, stupid
``the downturn will only end when the massive writedowns end, not before''
massive writedowns Topic in The Credit Debacle Catalog
Fri 2008-06-27 00:00 EDT
Mish's Global Economic Trend Analysis: Is The Inflation Scare Over Yet?
"Destruction of credit via massive writedowns..., accompanied by sharply rising unemployment rates, falling wages, and curtailment in credit lines everywhere is simply not an inflationary environment"; "ery likely new all time lows in the 10-year treasury yield and 30-year long bond are coming up"