We keep talking about consumers. I decided to talk to them, instead. Specifically, consumers who've seen their incomes take a nosedive. Where are they shopping this holiday season? How much do they plan to spend? Read More
While most companies are struggling with revenue declines, Justin Esch and Dave Lefkow have watched their revenue go through the roof. Their secret can be summed up in one word: Bacon. Read More
As part of the ongoing reconfiguring and reregulating of the American financial system, the House Financial Services Committee today will take up an amendment that seeks to audit Federal Reserve monetary policy. As so many things are backward in Congress, the vote today is actually a vote on a proposal to retain a ban on audits of Fed interest rate decisions. If it is voted down, then the Ron Paul bill to audit monetary policy could see the light of day. Read More
Posted By:William Dunkelberg, Chairman, Liberty Bell Bank CNBC Guest Blog
At a Treasury conference on jobs, Secretary Geithner railed against banks for not making enough loans, thus (his conclusion) hindering job growth, writes William Dunkelberg, Economics Professor at Temple University. Read More
A video making the rounds online shows employees at a Microsoft store in California busting out a lame version of the electric slide set to the Black-Eyed Peas’ “I Gotta Feeling.” It makes you wonder: If Apple's won the cool game, is Microsoft trying to corner the market on cringe?! Read More
The bad news is banks are still failing. The "good" news is that there are those banks with the balance sheet strength such they can take over the failures on some pretty good terms. Read More
Meredith Whitney is making headlines: She has not been this bearish in a year! Whitney was the first to call the bubble in financial stocks. And then she predicted the stock market rally. But now Whitney is starting to turn negative again. Read More