peHUB First Read

* Peter Schiff was right wrong. * BreakingViews: Time for GE to spin off GE Capital. * Morning Call: U.S. futures creep up, European shares bounce on financials, Nikkei hits 3-month closing low and Hong Kong markets are closed for the Lunar New Year holidays. * Even porn is feeling the recessionary bite. * Rob Day: In defense of Vinod Khosla. * New York's new senator is not a TARP fan. * A venture-backed company just filed for an IPO. Really. I promise.