Good morning! Here’s what you need to know: ______________________________ OVERVIEW Do We Need The Federal Reserve? | We once did fine without it and we seem to be hankering to end it. New Google Price Index Shows Deflation | Since official stats are slow, the much faster Google stat is the one to watch. How […]
Category Archives: Finance at First Light
Fed Should Go, Google Sees Deflation, Why Blockbuster Failed, and Stocks Looking Tired
Weak Economy, Mortgage Fraud, Microsoft, and The Tea Party
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Goldman Sees Six Bad Months For The US Economy | A “fairly bad” scenario calls for 1.5 to 2 percent growth. Mortgage Fraud Could Be A Systemic Risk | Committing fraud to cover up fraud does not a robust recovery make. Stockman On Tough Times […]
Economy Slowing, Government Clueless, Americans Discouraged
Good morning! Here’s what you need to know: ______________________________ OVERVIEW China’s Property Bubble Might Deflate Slowly | If so, those betting on an imminent crash will be disappointed. Tax Uncertainty Keeps Hiring On Hold | Do you know what your tax rate will be on January 1st? Neither does anybody else. The Economy Is Slowing […]
Get Ready For Biflation And The Era of Wrestling With China For Oil
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Volcker “Not Worried About Deflation” — Or Inflation | Maybe we’re in for a “biflation” of rising global commodity prices and falling domestic prices. US Loses Another 12,000 Jobs | Initial jobless claims for the week ending Sept. 18 rose to 465,000. GOP Issues “Pledge […]
Forget The Banks, Focus on Consumers and Deflation
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 […]