http://clusterstock.alleyinsider.com/2009/1/economists-who-blew-it-agree-prosperity-is-just-around-corner
Why the hell would we think you know what the hell is going on.
Focusing on current trends and ways to profit from them "There's a sucker born every minute. These are the people who believe that this time it's different. "
Saturday, January 3, 2009
State and local government problems
http://www.reuters.com/article/reutersEdge/idUSTRE4B46JD20081205
Clearly we are heading for rough sailing.
Clearly we are heading for rough sailing.
Friday, January 2, 2009
FDIC Employs Tool Used for S&L Crisis
http://online.wsj.com/article/SB123086700722648471.html
More signs we are not done with failing banks
More signs we are not done with failing banks
World unemployment report
http://www.cnbc.com/id/28467019
More signs that unemployment is increasing every where.
More signs that unemployment is increasing every where.
Thursday, January 1, 2009
Video on the coming employment collapase
http://www.cnbc.com/id/15840232/?video=978164631&play=1
Scary stuff. Plays along with what I think is going to happen. Too much money to the banks leaves nothing for anyone else.
Scary stuff. Plays along with what I think is going to happen. Too much money to the banks leaves nothing for anyone else.
Wednesday, December 31, 2008
Those who will not make it
http://www.nowpublic.com/style/list-retail-store-closings-us
Nice list of the stores that have closed so far. I would expect this list to expanded in the first Q1 since it is the worst time of the year for reatil stores.
Nice list of the stores that have closed so far. I would expect this list to expanded in the first Q1 since it is the worst time of the year for reatil stores.
Treasury Department has committed nearly $10 billion more than the $350 billion
http://online.wsj.com/article/SB123068292824744097.html
Funny, only the government can commit more money then it has and not be called illegal. If we did this we would go to jail for Check-kiting.
Funny, only the government can commit more money then it has and not be called illegal. If we did this we would go to jail for Check-kiting.
Tuesday, December 30, 2008
China problems mount in China
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=205627bf-ef00-4995-8866-910eb7d6ce45
More sings of trouble for china.
More sings of trouble for china.
Monday, December 29, 2008
Vegas rolls a 2
http://www.time.com/time/business/article/0,8599,1868932,00.html?cnn=yes
Looks like tough times ahead, I see huge profit in shorting in Wynn.
Looks like tough times ahead, I see huge profit in shorting in Wynn.
GMAC and Pimco
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTNWiojvYf.E More details about GMAC's bailout are out and one has to ask, is PIMCO the smartest player? Twice they bet the government would blink and they did.
Oil causing issue for Venezuela
http://www.cnbc.com/id/28401097/for/cnbc/
The longer we are below $60 the more problems we are going to see.
The longer we are below $60 the more problems we are going to see.