peHUB First Read

* Henry Blodget: Why this recession will be a doozy. * A fine line between panic and swift action: Scott Kirsner gets thoughts on the current mess from David Aronoff (Flybridge Capital), Bijan Sabet (Spark Capital), Furqan Nazeeri (Viridus Inc.) and Doug Levin (ex-Black Duck Software). * State Street is out with its latest private equity performance index, and is seeing red. On the other hand, PE compensation somehow ticked higher (sub req). * U.S. futures are up, as everyone keeps an eye on earnings. * Need to know how the economy is doing? Just examine the changing body types of Playboy Playmates (academic research can be so demanding...).

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