Evening Reading

October 27th, 2009 10:54 pm | by John Jansen |

GMAC seeking another infusion of public money.

Populist Revolt by UAW members against givebacks.

Continuing Saga of Health Care Reform.

India takes first steps on its road to tighter monetary policy.

Senate close to deal to extend first time home buyer credit.

Weak Recovery Via Economists View.

Commerce Department Jousts with biggest buyer of US debt.

A nice article on TIPS for those who would like some background on that topic.

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  1. 3 Responses to “Evening Reading”

  2. By Ad Orientem on Oct 28, 2009 | Reply

    My problem with TIPS is that they pay based on CPI. And CPI is calculated using the same general philosophy that has the government telling us that a 17% unemployment rate is really 9.8%. I will pass thank you very much.

    For those worried about inflation I would suggest padding the portfolio with a diverse selection of foreign bonds (and equities) or just buy some shares in a foreign bond fund. I don’t know when the inflation is coming. We might not see it for several years due to all of the deleveraging and the depression level unemployment. But I do believe its out there.


  3. By franko on Oct 28, 2009 | Reply

    best hedge against inflation is youth and staying in the workforce – control the one that you can – wrt investing, get currency diversification, but i don’t think euro/yen/cad/aud/nzd/sek/nok denominated accts are available to many (any?) usa residents – therefore commodities are the probably the best way to get handle on the whole non-usd suite

  4. By Griff on Oct 28, 2009 | Reply

    i would never foster much pity for the Fords (given how crappily they let it be run by Nasser, et al), but the UAW really applies the emphatics to the phrase ‘pushing on a string’.

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