Deflationary Pressures – Roundtable Discussion with Peter Hooper of Deutsche Bank Securities and Bruce Kasman of JPMorgan-Chase
January 17, 2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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January 18th, 2009 at 8:03 pm
[...] Aggregator Bank for Toxic Assets [...]
January 24th, 2009 at 1:28 pm
The taxapayers will now bear the burden of the losses that will materialize as 8.1 million homeowners go into foreclosure in the next 4 years. I believe that the key to a solution of this crisis is the Borrower’s ability to make the monthly mortgage payment and avoid default and foreclosure. I propose a program of “Immediate and Specific Financial Guidance”. This program will help guide the Borrower to “Naturally” handle his finances. No Loan Mods or Bailout will succeed. The answer is in the hands of the Borrower, and we should “educate” him. Without this Guidance the Borrower will default and we all will pay the price.