Twitter Posts on 2008-10-24
- SKorean economy grows 3.9 percent in 3rd quarter. Asian growth will be the key to the length and depth of the recession and credit blackout. #
- 3rd quarter Pa. foreclosure filings up 73 percent. Still ugly. The big spike in foreclosures happens AFTER the credit market eases. #
- NBER Labor Market mobility 50 percent lower for home owners with negative equity. Bad for productivity http://papers.nber.org/papers/w14310 #
- Proposed ND wind farm one of world’s largest. W ind os good. We need every possible source of energy to fuel growth. #
- Breaking News: Hawaii Deficit threatens lawmakers’ pay raises. Aw, man! This is getting serious. #
- RI union votes for 2nd time on contract with state. Not a very good time to be pushing for more. #
- ‘We blew it’ on global food, says Bill Clinton. He is absolutely right. #
- Home prices post annual 5 pct decline in August. Credit problems can’t stop until home prices stop falling. #
- Greenspan “shocked” at credit system breakdown. Substitute for “shocked” the phrase “doesnt have a clue” #
- Pa. universities envision 4 percent tuition hike. Bad timing guys. #
- Stronger sales lift Ecolab’s 3Q profit 11 percent. It’s not all bad news out there. #
- 3Q Calif. home foreclosures soared. #
- Singapore inflation rises to 6.7 percent. It would be unwise to attack this issue–stay focused on liquidity and growth til crisis is over. #
- JCB workers in UK accept pay cut to save jobs. this is what we should be worrying about–asset market deflation spreading to the labor mkt. #
- Japan PM under fire over lavish nightlife. Idiot. #
- Poll finds investments, jobs top consumer worries. People want to protect their 401k accounts. That means stop talking about cap gains incr. #
- Some Ohio colleges face budget cuts due to markets. Student loans are frozen. This is having an impact on enrollments for the fall. #
- Ethan Allen 1st-quarter profit slides 58 percent. Furniture stores and auto dealers are in the eye of the hurricane. #
- Chrysler cutting 1,825 jobs with moves at 2 plants. #
- World Bank: Storm-struck Haiti at ‘tipping point’. A terrible human tragedy so close to our shores. #
- Michigan lawmakers want federal help on car loans. It’s like being eaten an inch at a time. #
- RadioShack 3rd-quarter profit rises 8 percent. #
- Congressmen criticize credit rating agencies. Hmm. Remember something about a pot calling a kettle. #
- Japan’s September trade surplus plunges 94 percent. Japan is much more fragile than the US. #
- Carry Trade Derivatives Turn Toxic for Japan Markets #
- Alan Greenspan told Congress today the economic meltdown is a “once in a century credit tsunami” that policymakers didn’t anticipate. hmmm. #
- Was guest host on the noon-1PM Fox Business show today with Chery. Tom and Stacy. Great fun. #
- My bad, spelling correction. Was guest host on the noon-1PM Fox Business show today with Cheryl, Tom and Stacy. Great fun. #
- 5PM EST today Fox Bus show in the bar at the Waldorf with Cody, Rebecca and Rick,. At least I get to drink while watching closing numbers. #
