Recent Blog Posts
-
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT -
Introducing the New Ford Squeeze
Apr 24 20099:47 am EDT
Links
- Felix Salmon
- DealBreaker
- Ryan Avent: The Bellows
- The Epicurean Dealmaker
- Chris Anderson
- Ultimi Barbarorum
- MarketBeat
- Michelle Leder
- John Quiggin
- The Panelist
- Andrew Leonard
- Streetsblog
- Brad Setser
- Michael Mandel
- Financial Crookery
- Kash Mansori
- Dean Baker
- Calculated Risk
- Free Exchange
- Curbed
- Lance Knobel
- Econospeak
- Carbon Tax Center
- Overcoming Bias
- Mark Thoma
- Naked Capitalism
- Alphaville
- Barry Ritholtz
- Alexander Campbell
- The Bayesian Heresy
- Brad DeLong
- DealBook
- Greg Mankiw
- Deal Journal
- FP Passport
- Carl Bialik
- Marginal Revolution
- A Fistful of Euros
- Dan Gross
Fed, Citi: Mildly Disappointing
It's obviously a day for mildly-disappointing expected decisions. The Fed has cut by a quarter point, and Citigroup has decided to appoint Vikram Pandit its new CEO.
I doubt that many people can gin up much in the way of enthusiasm for either of these pieces of news. A quarter-point cut isn't enough to stave off recession, if indeed we're headed in that direction, and it's not even enough to stave off expectations for another cut at the next meeting. Meanwhile, Pandit is a dull technocrat who has never achieved very much but who has somehow managed to maneuver his way into the top job at Citigroup. The best we can hope for is that he'll be weak enough not to put up too much of a fight should Jamie Dimon decide that Citi is ripe for the buying.
It's weird that the Pandit news was leaked without any news on who Citi's new chairman will be, though. Can't Citi even orchestrate the annoucement of its new leadership effectively?
. □Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
