Archive for June 2009

WSJ: Numbers On Welfare See Sharp Increase

(Source: "Numbers On Welfare See Sharp Increase" (subscription required), The Wall Street Journal, June 22, A1)
Posted by Greg Feirman  ·  No Comments »

Krugman Dismisses Inflationary Risks

June 17, 2009  ·  Category: Inflation, Market Commentary
In his column from Monday, "Stay The Course", Paul Krugman dismissed the idea that current government policies are potentially inflationary as follows: What about the claim that the Fed is risking inflation?  It isn’t.  Mr. Laffer ...
Posted by Greg Feirman  ·  No Comments »

Jeff Gundlach: The Jalopy Economy

June 17, 2009  ·  Category: Macro Economics, Market Commentary
Jeff Gundlach is one of the best in the business and his recent open letter, "The Jalopy Economy", is one of the best recent analyses of the current macroeconomic predicament I've read.  I strongly recommend ...
Posted by Greg Feirman  ·  No Comments »

Still Hard Going At FedEx

June 17, 2009  ·  Category: Macro Economics, Market Commentary, Stocks
The operating environment for our first two quarters in fiscal 2010 is expected to be extremely difficult. - Alan Graf Jr., CFO, Federal Express Federal Express (FDX) reported fiscal 4th quarter earnings this morning.  Revenue in their ...
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Ratigan vs. Gasparino: “What Have You Got?”

June 17, 2009  ·  Category: Humor
(Via Crossing Wall Street) Also see: "The Mouth Is Out At CNBC", Top Gun FP, March 30, 2009
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Malanga: The Social And Economic Effects of the 1970s Inflation

June 16, 2009  ·  Category: Business Culture and Current Events, History, Inflation
By contrast, we’ve largely forgotten our most recent brush with raging peacetime inflation, the 1970s.  Although nothing like Germany’s in the 1920s, ours was nonetheless powerful enough to be more dispiriting and more transformative of ...
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Credit Card Issuers Slashing Balances To Settle Accounts

June 16, 2009  ·  Category: Credit Cards, Personal Finance
The banks were bailed out last fall, the automobile companies last winter.  For Edward McClelland, a writer in Chicago, deliverance finally arrived a few days ago. Mr. McClelland’s credit card company was calling yet again, wondering when it ...
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Best Buy Reaction Could Be Tell On Change In Sentiment

But the bigger issue is sales.  Comparable store sales were down 6 percent compared to the same period last year.  True, the stimulus checks handed out last year have created difficult comps for retailers this ...
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Loomis Wealth Solutions: Another Local Ponzi Scheme

June 11, 2009  ·  Category: Sacramento, The Investment Advice Business
The brazenness and cynical manipulation of these victims is beyond the pale. - Lawrence Brown, Acting US Attorney I just read an article from the front page of yesterday's Roseville Press Tribune saying that a local outfit, ...
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WSJ Weighs In On Rising Rates

June 11, 2009  ·  Category: Interest Rates, Macro Economics, Market Commentary
Mortgage rates at these levels will hobble the [housing] recovery, and it was just the beginning of the recovery. - Kenneth Rosen (subscription required), Chairman, Fisher Center for Real Estate and Urban Economics, University of California, Berkeley. The ...
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