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I'm not so sure you wanna' be on the same side of the boat as Abby Joseph Cohen. And please don't call me Shirley. (Seriously - when will people understand the basic concept that we're still shedding jobs like mad, foreclosures are at a record level, asset values are plunging, banks...

Oil to $750 per barrel!!! And cheeseburgers for 100 millionty dollars.

The data, Sears' own data, shows really soft sales. Markets can and do act irrationally, sometimes for protracted periods of time (i.e. housing, dot.com stocks, tulips, etc.) The softer side of Sears...

The Gulf of Nova Scotia?

Whatever happened with that trader with this? http://www.vanityfair.com/online/newestablishment/sac-capital-advisors

http://www.drug-injury.com/druginjurycom/2008/09/vytorin-and-zetia-causing-liver-disease-and-liver-failure--______________________--simvastatin-ezetimibe-induced-hepatic-fail.html New Reports Of Vytorin And Zetia Causing Liver Failure And Liver Disease 2008 Medical Journal Articles...

Green Shits!!! http://www.bloomberg.com/apps/news?pid=20601087&sid=a6b04KuJ27aQ Mortgage Delinquencies Rise as U.S. Home Prices Fall (Update1) Share | Email | Print | A A A By Kathleen M. Howley Aug. 20 (Bloomberg) -- Americans fell behind on their mortgage payments at a record...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aqxHLAHU_m2k FDIC May Add to Special Fees as Mounting Failures Drain Reserve Share | Email | Print | A A A By Alison Vekshin Aug. 20 (Bloomberg) -- Colonial BancGroup Inc.’s collapse and the prospect of mounting failures among...

I guess it's unexpected among economists that are too drunk, high or sleepy to look out the window. http://www.bloomberg.com/apps/news?pid=20601087&sid=aMhGnVzXaSfM

-Pensions' Private-Equity Cash Reduced 59% as Profits Shrink Major U.S. pension funds have recouped less than half of the $53.8 billion in cash they've invested in private-equity funds started since 2000. All told, they haven't seen a paper profit in seven years. That means less money for the...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGkGFJtQ6l4M - "Rio’s iron ore unit, its biggest earner, had a 33 percent decline in underlying earnings to $1.9 billion in the first half. The aluminum unit swung to a $689 million loss from a profit of $1 billion a year ago. Earnings...

Key word in that story is "investors." But we all know investors never get it wrong, right? No matter what anyone says, I know several markets first hand, and the inventory in Florida is mind boggling. I don't care how many investors gamble with properties down there, between the...

However: In the end, if things are as bad as I think they are, and my pointing the way to what I think are realistic facts, opinions, articles, authors, etc. saves one person money, it's all good. And I am not standing by my opinion that we're going to have another depression because of...

http://www.bloomberg.com/avp/avp.htm?N=av&T=Shiller%20Says%20Americans%20Starting%20to%20Doubt%20Home%20Ownership&clipSRC=mms://media2.bloomberg.com/cache/vJOFpPurqWYs.asf

It's quite sad, actually. 10,000 posts in just over 37 months. I like to think that each post kept me from doing something else that cost me money. It's the only way to justify the time spent.

This old hag Weinstein bitch is a real whore and probably would have eagerly participated in Madoff's fraud had she been invited.

It's all statistics. If you could buy debt for 4 cents on the dollar, would you? If you then successfully collected 12 cents on the dollar, you'd have tripled your investment, minus operational costs to do so.

Well, they're never exposed to bad debt or delinquent loans, but they could see processing fee revenue decline if a) there are fewer swipes of the cards by consumers, or b) more consumers have their cards taken away for being bad consumers, and not paying their CC bills on time or at all...

Neither owns the $$$ being exchanged. Issuing banks own the debt/loan. Visa and MC simply make a % of the amount "charged" as a processing fee. If the consumer defaults, they could care less, as they made their money at the point of sale.

http://money.cnn.com/2009/06/30/news/companies/bank_failures_assets/index.htm?postversion=2009063016 Psst! Wanna own a bit of a failed bank? With bank failures mounting, the FDIC is stuck trying to sell loans, real estate and more exotic assets like lawnmowers and even a Bentley...