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bloomberg.com - 4/1/2009

Obama Said to Find Bankruptcy Likely for GM, Chrysler (Update1)

— bloomberg.com — By John Hughes, Linda Sandler and Rebecca Christie April 1 (Bloomberg) -- President Barack Obama believes a... quick, negotiated bankruptcy is the most likely way for General Motors Corp. to restructure and become a competitive automaker, people familiar ... (more) Obama Said to Find Bankruptcy Likely for GM, Chrysler ...

Government

Barack Obama

Chrysler

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highchartpatterns.blogspot.com - 4/4/2009

USA: Banana Republic

— highchartpatterns.blogspot.com — One of the best articles we've read in a long time, written by Simon Johnson, the former... chief economist of the IMF (2007-2008). Take a minute or two and read the article in its entirety. We've highlighted the parts that held the most interest to us: The Quiet Coup O ne thing you learn ... (more) USA: Banana Republic

Government

Comments vote downundo vote up hcpg posted 4/4/2009posted this

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baselinescenario.com - 4/4/2009

Guest Post: Obama’s Plan for the Auto Industry

— baselinescenario.com — My Yale Law School colleague Ilya Podolyako comments on the Obama administration’s plan for the auto industry... and the tension between public goals - preserving jobs, increasing fuel efficiency, etc. - and private goals - profitability. By now, the dust seems to have settled around ... (more) Guest Post: Obama’s Plan for the Auto Industry

Government

Retail Industry

Barack Obama

Stimulus Plan

Comments vote downundo vote up jamesykwak posted 4/4/2009posted this

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Is it a V or an L-shaped recession?
Peter Gallagher — ... point economic weakness becomes its own cure, as falling prices finally prompt consumers to consume and businesses to invest. But given the unprecedented nature of the current situation, it seems by no means certain that that assumption will hold. In particular, with demand low around the globe, the typical mechanism by which an isolated country in recession can recover - exports - cannot work for everyone." Extract from the current outlook according to the Baseline Scenario ...

the condensed richard koo
Decline and Fall of Western Civilization — ... , i.e., not enough resources for recapitalizing banks and addressing housing directly (for the context of this assessment, see our full baseline view). Back in December/January, this was a strategic choice worth arguing about; now it’s a done deal and following the (very) limited recapitalization outcome of the bank stress tests, it seems likely that household and firm spending will remain sluggish. If that is the case, the Administration’s logic implies throwing another big fiscal stimulus into the mix – and the Summers’ team is already preparing the groundwork. ...

Economic Perspectives to Start the Weekend
TraderFeed — ... spending power via increased unemployment and reduced corporate profits. In addition, concerns about financial system solvency are constraining the ability of financial institutions to supply the credit needed by the economy. There will likely be a rolling wave of defaults and debt restructurings in the US and around the world over the next couple of years; this is hard to avoid and constitutes a major reason why the recovery will be slow compared with previous recessions." Baseline Scenario . ...