Goldman Advises The Fed To Go Nuclear, And Set A Target For Nominal GDP
In his latest US Economics Analyst note, Goldman's Jan Hatzius offers up his suggestion for the next phase of Fed policy.
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Confidence Falls Most Among High-Income Consumers
Consumers' short-term outlook, which had improved last month, reversed course in October. Those expecting business conditions to improve over the next six months decreased to 9.1 percent from 11.8 percent, while those expecting business conditions to worsen edged down to 21.5 percent from 21.9 percent.
Wall Street is Still Out of Control
Boeing Smashes EPS, Raises Guidance And Shares Soar
The Boeing Company [NYSE: BA] reported third-quarter net income of $1.1 billion, or $1.46 per share, on revenue of $17.7 billion. Operating margin of 9.7 percent reflects continued strong core performance across the company’s businesses, partially offset by higher pension expense.
Europe Struggles for Crisis Cure Ahead of Summit
The euro’s stewards are back in Brussels today for an emergency summit struggling to heed the world’s calls to once and for all eradicate what U.S. Treasury Secretary Timothy F. Geithner called the “catastrophic risk” of the debt crisis. A potential Greek default threatens shockwaves that could engulf Italy and France, jolt the banking system and spell havoc for the global economy.
Ford Posts 10th Straight Quarterly Profit
It was the tenth consecutive profitable quarter for Ford, which last week secured a new labor contract with the United Automobile Workers union and said it was close to restoring a dividend to shareholders.
All American Investor
First Solar Rushes Out Earnings And Confirms A Huge Miss
Shares of First Solar got killed yesterday when its CEO resigned abruptly with no reason given.
Nextdoor Launches As A Private Social Network For Neighborhoods
Poll: Many boomers staying put amid bad economy
The Golden Rulers
Trends in the Distribution of Income
Original content Bob DeMarco, All American Investor
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