Daily Archives: June 29, 2009
Say that ten times – a convincing mantra
So maybe we could summarize the recent strength in the leading economic index this way. The main reason we think the economy is improving is because many of us think the economy is improving. I Think The Economy Is Improving, … Continue reading
Raises For The Elite
John Mack of Morgan Stanley (MS) made sure that he had a large base salary for this year, even though his firm nearly fell apart last year. The management of Citigroup (C) also wants to do something for its “best” … Continue reading
Obama’s Financial Overhaul: What You Need to Know
Joe Nocera has said his peace with respect to Obama’s proposed overhaul of the financial system. And in doing so, he expressed disappointment with several aspects of the proposal. In particular, he is displeased that the proposal “doesn’t attempt to … Continue reading
Where’s the (Remaining) Housing Wealth?
Falling home prices have eroded the equity that American homeowners have in their homes, as David Wessel observes in his Capital column. More than half of American home equity is in homes for which there are no mortgages; there never … Continue reading
It is Deflation, stupid!
n its post-meeting statement, the Fed removed a passage it had used after its three previous meetings to warn of the risk of deflation, meaning a broad-based decline in prices. Deflation is closely linked with another “D” word: depression. The … Continue reading
Goldman Sachs has engineered every major market manipulation since the Great Depression
With a subtitle like “From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again” run, don’t walk, to your nearest kiosk and buy … Continue reading →