Larry is in Washington D.C. for the big 3 day blitz, so I’ll be on just one or two segments before going home — from 5:00pm to 5:20pm or so, on CNBC.
In addition to your humble scribe, Gary Shilling will be on, as will Michelle Girard.
A few links will cover what our discussions will include:
-Fed’s job not to bail out risk takers-Fisher (Reuters)
-Fed’s Poole and Lockhart Decline to Endorse Interest-Rate Cut (Bloomberg)
-Surprisingly Strong Back-to-School Sales (The Big Picture)
-Gold Tops $700 as Dollar Slumps Against Euro (Bloomberg)
-U.S. hiring slowest in four years, ADP says (MarketWatch)
-Record Number of Homes Entered Foreclosure in Second Quarter (WSJ)
Incidentally, the first and the items are somewhat related . . .
Over at Slate, Tim Harford has an interesting discussion on a rather intriguing economic question: Why Are Poor Countries Poor? The answer is less obvious than you might imagine. The usual explanation goes something like this: "One very plausible account of why at least some poor countries are poor is that there is no smooth…Read More