Intel today reported blockbuster earnings results, easily outpacing analyst’s expectations while also delivering an upbeat forecast for the rest of the year:

Intel earned 51 cents a share in the second quarter, against a loss of 7 cents a share this time last year.
Revenue swelled to $10.8 billion, up from $8.024 billion last year.
A group of equity [...]

Paul Krugman, having failed at getting Congress to spend more, has now shifted his more stimulus rhetoric to Ben Bernanke and the Fed:
But here we are, visibly sliding toward deflation — and the Fed is standing pat.
What should it be doing? Conventional monetary policy, in which the Fed drives down short-term interest rates by [...]