A few of the more important reading items and links for November 14th :
Record Drop in Retail Sales – Retail sales numbers take an unprecedented dive amid market turmoil…how surprising!
Whatever it Takes Fed Willing – Bernanke leaves the Fed open to more interest rate cuts and economic stimulus
Citi...
Today I spoke about the problems and benefits of a Auto industry bailout on NPR’s Day to Day program. From NPR:
The auto industry has been lobbying the president, president-elect and Congress for a bailout package of their own. Proponents of such a bailout say, if the domestic auto industry...
I was asked to discuss the impact of unions on the automotive industry. The lead-in was a touch harsh as host Stuart Varney came on strong, wrongly accusing me of believing that unions were the main cause of Detroit’s problems. I helped him better understand that while unions are a...
A few of the more important reading items and links for November 11th :
Zombie Finance – Once again we pour money into a dead company
Tech Trader Daily – The Death Sprial – This is a look into the abyss of tech land
Indicators Across Europe Point to Deeper Recession...
Upwards of 65% of the S&P 500 companies have reported thus far and we have been continuing to see disappointment after disappointment. It is estimated that profits for the entire index will come in 11.7% lower as compared to last year.
Many of the real problems have yet to be...
