Tag Archives: stimulus

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 […]

Posted in Finance at First Light | Also tagged , , , | 2 Responses

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 […]

Posted in Finance at First Light | Also tagged , , | 7 Responses

Tax Cuts, Not Unemployment Benefits, Would Stimulate The Economy — And Cost Less

Economist Arthur Laffer wrote on the opinion page of last Thursday’s Wall Street Journal that extending unemployment benefits will lead to more unemployment. These two sentences say it all: “Imagine what the unemployment rate would look like if unemployment benefits were universally $150,000 per year. My guess is we’d have a heck of a lot […]

Posted in US Economy | Also tagged , | 4 Responses
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