- It looks like speculators are finally tiring of Motors Liquidation (MTLQQ), the shell company of GM, Tom Petruno writes.
- AOL shares yesterday hit their highest level since the November spinoff, with gains likely attributed to the decision to sell or shut down Bebo. “While the failure of translating its Bebo acquisition into any kind of success is pretty clear, perhaps the complete disaster does have some silver lining,” Kara Swisher says.
- Betting consumer spending will eventually return to peak 2006-07 levels may not be the safest assumption. “It is a mistake to extrapolate forward a continued recovery in spending from the depressed levels of 2009,” Mish writes. “It is far more likely, this is about all we get.”
- Initial jobless claims seem to have stabilized, with this morning’s report showing claims ticked back up to 460,000. “Unfortunately, they’ve [stabilized] at a level well above pre-recession norms,” Economist’s Free Exchange blog notes.
- Chuck Prince and Robert Rubin “didn’t do themselves any favors” in front of the Financial Crisis Inquiry Commission this morning, Felix writes.
- Dan Frommer isn’t exactly impressed with Apple’s (AAPL) iPhone OS 4. “Nothing Apple announced today was unexpected or surprising. Nothing couldn’t be copied in a good-enough-for-most-users fashion by Google (GOOG) or Microsoft (MSFT).”
- Apple’s (AAPL) real goal for its new ad network: keep developers happy, MediaMemo blogger Peter Kafka says.
- “It’s not just the housing sector that is driving the recent disinflation trend,” Atlanta Fed’s macroblog says.
- The Greek economic situation is worsening fast — with government bond yields rising rapidly today,” Simon Johnson and Peter Boone write at The Baseline Scenario. “Unless there is rapid action by the international community, this has the potential to get out of control.”
- Have no fear, history suggests economy’s poised for a strong recovery, Floyd Norris says.
