Tag Archives: Obama

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 […]

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Obama is Missing His Chance to Change US Oil Dependency

President Obama gave his first-ever speech from the Oval Office last Tuesday, and it was about the BP Gulf oil leak. The BP Deepwater Horizon oil rig exploded on April 20, and the president has been harshly criticized for waiting so long to take the problem seriously. That his Oval Office speech didn’t happen until […]

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