$700 Million in 2008 bonuses for bailed-out banks? I find this hard to believe, but here it is. I hope we don't end up back at the guillotine.
Roubini takes his first steps away from the ledge here. But, he calls for 1) monetary easing 2) large fiscal stimulus, and 3) mortgage relief. Notably, the fiscal stimulus is obvious. Getting cash into spender's hands is obvious, as is middle class tax relief. Structural stimulus in jobs and infrastructure is likely after the election.
Besides soup, other recession-proof products.
Fair value stocks or 50% more to go? Analysis here.
FedRes Beige Book says economy sucks but they don't apologize for doing it.
How big is this recession? Good analysis, goodies and charts here.
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