Zero Hedge: Guest Post: The Good, The Bad And The GDP
Excellent read. I have Oil Calls for now.
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. "
Friday, May 29, 2009
Drew Gilpin Faust and the Incredible Shrinking Harvard - Boston Magazine
Drew Gilpin Faust and the Incredible Shrinking Harvard - Boston Magazine
This is just one university in trouble. Many of them are in deep trouble as well. Wait till students can not get loans or forgo college.
This is just one university in trouble. Many of them are in deep trouble as well. Wait till students can not get loans or forgo college.
Latest budget proposal eliminates CalWORKs, lets out inmates early - Sacramento Politics - California Politics | Sacramento Bee
Latest budget proposal eliminates CalWORKs, lets out inmates early - Sacramento Politics - California Politics Sacramento Bee
More cuts, more pain. This is still not enough to close the current gap.
More cuts, more pain. This is still not enough to close the current gap.
GM Bankruptcy Seen as Tale of Best, Worst of Assets (Update1) - Bloomberg.com
GM Bankruptcy Seen as Tale of Best, Worst of Assets (Update1) - Bloomberg.com
So long GM, we loved you. One more famous quote, what is good for GM is good for the USA.
So long GM, we loved you. One more famous quote, what is good for GM is good for the USA.
Thursday, May 28, 2009
Mish's Global Economic Trend Analysis: Mortgage Market Locks Up
Mish's Global Economic Trend Analysis: Mortgage Market Locks Up
I hear that yesterday was a panic for most traders. Some called it the start of the end of days it was so bad. Clearly Ben and Tim are losing. Which is bad for everyone.
I hear that yesterday was a panic for most traders. Some called it the start of the end of days it was so bad. Clearly Ben and Tim are losing. Which is bad for everyone.
FT.com / Companies / Banks - JPMorgan warns on credit card woes
FT.com / Companies / Banks - JPMorgan warns on credit card woes
24% Credit card loses. Ouch. I would predict this is not even close. Most of these loands where to high risk clients. Most can sold to debt buyers for around .1-.2 on the dollar.
24% Credit card loses. Ouch. I would predict this is not even close. Most of these loands where to high risk clients. Most can sold to debt buyers for around .1-.2 on the dollar.
The Next Step Towards Economic Suicide: Price Controls
The Next Step Towards Economic Suicide: Price Controls
Yet another sign of things going bad.
Yet another sign of things going bad.
Wednesday, May 27, 2009
Hot Air » Blog Archive » IRS revenues dropping rapidly
Hot Air » Blog Archive » IRS revenues dropping rapidly
Whoops better get out the pens to rewrite that budget.
Whoops better get out the pens to rewrite that budget.
The Crisis Isn't California's Alone - BusinessWeek
The Crisis Isn't California's Alone - BusinessWeek
As I have been saying, as California goes so go we all.
As I have been saying, as California goes so go we all.
naked capitalism: GM Bankruptcy Appears Certain
naked capitalism: GM Bankruptcy Appears Certain
An excellent run down on GM. This is going to be a huge event. We have never done this in this size before. I got tell you I hope for the best, but think it will turn out badly.
An excellent run down on GM. This is going to be a huge event. We have never done this in this size before. I got tell you I hope for the best, but think it will turn out badly.
Square Feet - Manhattan Is Awash in Sublet Office Space - NYTimes.com
Square Feet - Manhattan Is Awash in Sublet Office Space - NYTimes.com
More signs of trouble in the CRE market. This wave is just building and will cause some massive pain in the banks. Guess they forgot this little joy in the stress test.
More signs of trouble in the CRE market. This wave is just building and will cause some massive pain in the banks. Guess they forgot this little joy in the stress test.
The Greatest Swindle Ever Sold --Todays MUST READ
The Greatest Swindle Ever Sold
Why the TARP is bad for the tax payers.
Why the TARP is bad for the tax payers.
Banks Aiming to Play Both Sides of Coin - WSJ.com
Banks Aiming to Play Both Sides of Coin - WSJ.com
Yeah lets loot the FDIC to make money on PPIP.
Yeah lets loot the FDIC to make money on PPIP.
North Korea Threatens Armed Strike, End to Armistice (Update1) - Bloomberg.com
North Korea Threatens Armed Strike, End to Armistice (Update1) - Bloomberg.com
Looks like things are going a little crazy.
Looks like things are going a little crazy.
Tuesday, May 26, 2009
JPMorgan's $29 Billion WaMu Windfall Turns Up The Heat On Sheila Bair
JPMorgan's $29 Billion WaMu Windfall Turns Up The Heat On Sheila Bair
More signs that quick decision are bad decisions.
More signs that quick decision are bad decisions.
Obama: The US Government Is Broke!
Obama: The US Government Is Broke!
More shocking news to follow. We see flowers growning soon. Dont worry be happy.
More shocking news to follow. We see flowers growning soon. Dont worry be happy.
Saudia Arabia: $200 Oil In 2 Years
Saudia Arabia: $200 Oil In 2 Years
Sometimes there are easy calls. If you took all your money and put it in Oil. (ETF's or Oil stocks) in 5 years you would have made serious money. Now most times all your money in one thing is stupid. But in rare occasions you are handed a easy call. This is that time.
Sometimes there are easy calls. If you took all your money and put it in Oil. (ETF's or Oil stocks) in 5 years you would have made serious money. Now most times all your money in one thing is stupid. But in rare occasions you are handed a easy call. This is that time.
A G.M. Bankruptcy Would Tax the Experts - NYTimes.com
A G.M. Bankruptcy Would Tax the Experts - NYTimes.com
Once again only the lawyers win.
Once again only the lawyers win.