Capital Commerce


January 2008


Caterpillar CEO: 'No Recession'

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With Washington in full freakout mode over our economy—which doesn't yet appear to be in recession and has 5 percent unemployment (historically low)—these upbeat comments from James Owens, CEO of global heavy equipment maker Caterpillar, in an interview with Dow Jones at the World Economic Forum ...

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TAGS:
recession
economy

Ways to Boost the Greenback

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Market guru Ed Yardeni of Oak Associates offers a fix for the falling dollar:

So far, the weak dollar hasn't caused the dire consequences predicted by those who (rightly) have been most bearish on the dollar for the past few years. Bond yields haven't soared and neither has inflation. This ...

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TAGS:
recession
economy
money

Mitt Romney, Trekkie

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Last night's GOP debate also confirmed for me that Mitt Romney is a closet sci-fi geek. He answered a question about foreign policy saying that it was like "three-dimensional chess," a game that exists in the universe of Star Trek:

Today, foreign policy is no longer like it was in the last century,

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TAGS:
Romney, Mitt

Bernanke Termination Watch

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From the AP:

Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession. The Fed chief made clear the central bank was prepared to act aggressively to rescue a weakening economy. 'We stand ...

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TAGS:
Bernanke, Ben
economy

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