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Hamilton on Auto Sales
Calculated Risk —
Professor Hamilton is not prone to hyperbole, so when he writes about a "frightening new phase in the economic downturn", I pay close attention: ...
Wednesday links: scaling back
Abnormal Returns —
... Google (GOOG) scales back. (WSJ.com also GigaOM, The Big Money)
“Strange as it may sound, Apple may have an iPod problem.” (BusinessWeek.com)
The gaming industry, with help from private equity, has experienced quite a comedown. (TheDeal.com)
The auto downturn “is serious.” (Econbrowser)
“Does the fact a company’s bonds are rated ...
Fed Watch: Potentially Very Bad Policy
Economist's View —
... posted a stunning decline in service sector activity. Like its manufacturing
cousin, the underlying details were simply depressing, with the drop in the
employment component setting the stage for a particularly week labor report
later this week. ADP reported a sharp drop in private employment in November;
this report has been underestimating declines in recent months, suggesting the
possibility of a blowout number. Auto sales
fell
off a cliff in November, and I doubt December is looking much better. The ...
Readings: $1 Gas, Panic, Packaged Meat, etc.
Paul Kedrosky's Infectious Greed —
... Information from Nine Major Auto Parts Retailers (NPD) A perfect storm for Chinese deflation (Morgan Stanley) China is starting to sound like a normal creditor country (Setser) Financial Industry Layoffs Top 150,000 Since September (Wall Street & Technology) Paul Krugman is worrying himself sick about next year (NYT) The auto downturn is even more serious than you think (Econbrowser) Snow removal is a better business than you think it is (JSOnline) ...
