Twitter Posts on 2008-11-13
- Off to meet with Mitubishi. will be interesting to learmmore about the carry trade isue here. #
- Initial claims was 516,000, an increase of 32,000 from the previous week’s revised figure of 484,000. Jobs/GDP damage just starting to show. #
- Foreclosure rates up 25 percent year-over-year. this is actually a good sign. We have to burn through these before a market is established. #
- Cessna cuts 665 jobs in Kansas, Oregon. Maybe this is not the best economic environment for selling luxury aircraft? #
- Congress examines $700 billion rescue program. Glad SOMEBODY is watching! #
- Paulson says troubled assets will not be purchased. What an idiot. #
- Congress panel eyes $25 billion automaker loan bill. Bad idea. #
- Governor: Connecticut faces huge budget deficits. There is going to be a lot more of this as property and sales tax receipts fall. #
- Brazil: $400B needed for offshore oil development. Forget falling oil prices today. There is going to be a ton of energy investment ahead. #
- Federal grant to help laid off Maine paper workers. Assistance should be helping train the workers for new jobs, not just providing incomes. #
- Moody’s downgrades YRC Worldwide ratings. The ratings agencies are always the last to know what the hell is going on. #
- Cleveland newspaper increases job cuts to 50. Stories like these are not only recession; the also show damage of online advertising. #
- Va. Tech, OSU to help Africa boost food production. Science can alleviate the food problems in poor countries. Very important investments. #
- NJ governor: Property tax rebates not guaranteed. Ah, the truth is finally breaking through the clouds. #
- Energy agency warns of supply crunch. This is still the REAL story in energy. D o’t be faked out by current price declines. #
- German Economy Enters Recession - Spiegel Online. Welcome to the club. #
- French consumer prices fall in October. Britain likely in recession, risks deflation: Bank of England. Deflation, not inflation is the risk. #
- SEminar topic–Missed Capital Calls: How GPs Can Prepare For & Deal With LP Short Falls. This is happening in the current crunch. #
- Halt in consumer spending hurts retailers. Consumer fear, cash hoarding has shut off purchases. Stand by for lousy Xmas season, markdowns. #
- Office holiday parties are getting downsized. Am interested in the 1001 ways people are adjusting their lives to survive the credit crunch. #
- Facing tough times, Chevy, Ford sticks with NASCAR. This is NOT a boondoggle; it is a good marketing spend to keep sales flowing. #
- an. to delay $209M worth of highway projects. UN-priming the pump? #
- NFL playoff ticket prices go down. Lot more prices going down in months ahead. That’s why it was so DUMB for Fed to worry about inflation. #
- Mayors, governors prod Congress for financial help. Everybody wants money. #
- Tired in Tokyo–going to sleep for few hours before 8AM plane to Beijing. Oh the merry life of a road warrior. #
