Good morning! Here’s what you need to know: ______________________________ OVERVIEW Larry Summers is leaving, pop the champagne! Another round of Fed stimulus is a bad idea. Every president is a banker. It’s the consumers, Stupid. That’s why deflation, not inflation, remains the challenge. Unless consumers deleverage more quickly than expected. Velma Hart is the new […]
Tag Archives: Summers
Fed to Spur Growth; Summers Spares Nation by Quitting
Good morning! Here’s what you need to know: ______________________________ OVERVIEW The Fed is willing to provide additional accommodation to spur growth. Gold is soaring in anticipation of more dollar-destroying action from the Fed. Larry Summers is quitting his job as Thrasher in Chief of the US Economy. If you’re rich, you’ll pay higher taxes next […]
Posted in Finance at First Light
Also tagged China, Federal Reserve, Financially Stupid People, housing, Taxes
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