Just as the Great Depression led to the creation of new institutions and financial practices, the Obama administration is on track to impact financial regulations. One of the new concepts involves a financial stability regulator, David Wessel explains.
5/27/2009
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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May 28th, 2009 at 6:19 am
Barry on NPR’s “Marketplace”:
http://marketplace.publicradio.org/display/web/2009/05/27/pm_bailout_nation_q/
Great job. And, you were holding the book!!
Is there a schedule listing all of the appearances?
May 28th, 2009 at 11:26 pm
Barry, great job on NPR. Thank you, thank you , thank you, for pointing out that FDIC et al. just didn’t do their job and follow the law. Instead, they screwed most of America. I still don’t think everyone gets that — that we didn’t have to become Bailout Nation. I hope you get many more chances to point that out over the next few weeks. BTW, I’m buying my copy of the book tonight.