Ford reports $1 billion profit in third quarter – The Los Angeles Times
Goldman Sachs reaped riches from risky mortgages, but passed on the danger – The Sacramento Bee
Landlords Offer Incentives to Stay Put – The Wall Street Journal
Some landlords have also become more open-minded about tenants with credit issues involving home foreclosures. In the past, a foreclosure on a credit record could have meant an automatic denial. Now such blemishes are so commonplace that the stigma is easing. Equity Residential looks for reasonable credit history “outside of a problem that they’ve had with a single-family home,” Mr. Neithercut said.
Microsoft CEO: IT spending won’t fully recover – The Associated Press
“While we will see growth, we will not see recovery,” Ballmer said.
Vague Thoughts on The Theory of the Firm, the Business Cycle and Kurt Vonnegut – Angry Bear, Robert Waldman
It is Japan we should be worrying about, not America – The Telegraph, Ambrose Evans-Pritchard
Is Debt-Deflation Just Beginning? - Mish
