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“…flation” Inflation?…Disinflation?…Deflation? All of the above are currently newsworthy…November 19, 2008 Global ABCs This is the companion piece to Domestic ABCs of November 5 November 11, 2008 Labor Pain What few remaining doubts existed about the U.S. economy being in a protracted and painful recession fell by the wayside on Friday, November 7 with the release of the October employment report. Not only was the October employment data ugly, but downward revisions to August and September job data only added to the pain. November 5, 2008 Domestic ABCs (the 2008 political version) This week’s Tea Leaf is our semi-annual alphabetic view of the U.S. economy, with a political twist. Global ABCs will follow, presumably on November 19 October 29, 2008 1.00% As expected, the Federal Reserve’s Open Market Committee (FOMC) lowered its federal funds target rate today from the 1.50% rate in place since October 8 to a new level of 1.00%. The 1.00% rate matches the level between June 2003 and June 2004…and is also the lowest in 50 years. October 22, 2008 Poking Fun at Yourself With no earth shaking global financial developments in recent days…and this old and decrepit body breaking down from tooooooo many airplanes in recent days and weeks…it seemed like a good time to peak inside the Tea Leaf vault for a piece we haven’t run for awhile. This piece was originally written by Todd Zagorec, a friend and former banking associate at KeyCorp. Todd has long been miscast in life. Rather than being a lawyer, he should have been a writer for Leno or Letterman. October 14, 2008 Major Steps There is a saying in many communities around the country about rapid changes in the weather that goes something like this… “If you don’t like the weather now, just wait 10 minutes…” |
