Consumer confidence numbers out today suggest that yes, we are eager once again to buy stuff (perhaps even on our Hello Kitty debit cards I posted below): In a morning report, the Conference Board said its index of consumer confidence for May jumped to 54.9 from 40.8 in April, which was originally reported as 39.2. [...]
Entries from May 26th, 2009
Consumer Confidence Skyrockets, Buoying Wolf Shirt Sales
May 26th, 2009 · No Comments · retail, win
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Serious Credit Card Is Serious
May 26th, 2009 · 1 Comment · markets
Priceless flash video still from WSJ: LOL… cats! On your credit card! Yeah, having Hello Kitty on your Visa doesn’t look at all stupid when it’s blown up to a 36×24″ size. (At least it’s a debit.) Anyway, in bad news for banks everywhere, credit card fees like retroactive interest rate increases, double-cycle billing and [...]
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Now Available: News With 100% Less Fail
May 26th, 2009 · No Comments · fail
If you can’t take the pain any more and you don’t want to read about anything other than green shoots, Goldilocks and mustard seeds (in other words, the Larry Kudlow version of things…) check out RecessionBlocker, a site that will go over any webpage for you and block out a LONG list of negatives, including [...]
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Paulson: OMG, IDK, WTF
May 26th, 2009 · No Comments · hank paulson, lehman brothers
From Twitter, I’ve found an interesting Newsweek story on the blame game between Hank Paulson and Dick Fuld over Lehman (was Lehman the disease that took down the financial system, or just a symptom of it?), and why he should be glad Benny had his back. Some extractions: In retrospect, it appears that Paulson was [...]
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Timmay To The Rescue!
May 25th, 2009 · 4 Comments · loller dollar, Timmay
It’s a bird. It’s a plane. No, it’s Tim Geithner, and he wants to save our AAA rating from the same fate that could befall the UK: Ratings agency S&P has lowered its rating on the UK to “negative” from “stable”…. “We have revised the outlook on the U.K. to negative due to our view [...]
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