Morning Roundup: Everybody Should Expect Inflation

  • Intel, which makes computer chips, said Tuesday afternoon that its third-quarter profit had risen 59 percent from a year ago. People take this as a good sign that, despite our economic turmoil, companies continue to spend money on computers. [WSJ]
  • It looks like a recession, walks like a recession and talks like a recession, but it’s technically a recovery. Looks like self-pitying types have to find another word that so readily conveys excuses for having achieved so little this year. [NYT]
  • West Coast bank Wells Fargo says it’s not like all those other banks who suspend their foreclosures, baby; its foreclosure affidavits are pure as the driven snow. [MarketWatch]
  • In its latest wacky scheme to stimulate the economy, the Federal Reserve wants to convince Americans that inflation is on the way, so that Americans spend their increasingly worthless dollars. The Fed may also just do some quantitative easing, which is actually inflationary. Any strategy might backfire. [Bloomberg]
  • Film studio Lions Gate wants to merge with Metro-Goldwyn-Mayer, and the pair has the blessing of and billionaire agitator investor Carl Icahn, who owns a chunk of each moviemaker. [Reuters]

mtaylor@observer.com

Twitter: @mbrookstaylor

Morning Roundup: Everybody Should Expect Inflation