Search results

Remember all those 'Flip That House' type shows, where some 22 year old with ZERO clue of construction or real estate would overpay for some house (usually by 300%), put 80k into it, typically going 50% over budget, and sell it for a 200k profit? Remember the young equity brokers that would...

Oh Boy! More Stimulation!!! Since the first stimulus package worked so well at inefficiently allocating the peoples' money, let's have another go at propping up Goldman and JP Morgan, Bank of America and Citi!! More bailouts are going to be needed very soon in the People's Republic of...

http://greeninc.blogs.nytimes.com/2009/07/07/pickens-drops-plan-for-largest-wind-farm/?hp This man makes Mother Theresa look like Madoff. His charity and benevolence knows no boundaries. T. Boone Pickens, contemplating how much money he has lost, and trying to hatch another money...

Awww, poor baby. You must be a Ameriprise Financial Advisor, struggling for retail clients. I notice that all the prop shop, retail crowd broker, wannabe-hedge fund-manager types all get their panties in a bunch when real news about the real economy, which is getting much worse, is...

Shoots, now with more Green. Or is it 'chutes,' as in people jumping out of the airplane as it plunges? U.S. Home-Equity Loan Delinquencies Set Record in First Quarter Share | Email | Print | A A A http://www.bloomberg.com/apps/news?pid=20601087&sid=axMDObJEk6eA By Margaret...

http://www.google.com/hostednews/ap/article/ALeqM5gQg78Lh18noT5SR56gOA5se8a97AD999IDRO0 Lear files for Chapter 11 bankruptcy protection 2 hours ago By THE ASSOCIATED PRESS Published: July 7, 2009 Filed at 8:38 a.m. ET NEW YORK (AP) -- Struggling automotive parts supplier Lear...

Jobs. It's what's for dinner. Throw all the other bullshit stats out the window, because when you are facing 14% to 18% official unemployment, and 18% to 22% real unemployment (as measured in the same way it was during the Great Depression - as a direct % of the working age population...

Microsoft Plans for Worst as U.S. Companies Show No End to Fear Share | Email | Print | A A A By John Detrixhe and Megan Johnston July 6 (Bloomberg) -- During the last week of May, treasurers representing America’s bluest chip companies gathered at the Park Hyatt hotel in Philadelphia...

The 2nd Great American Depression draws nearer. Many of you are still in denial. What do you think your grandparents or great grandparents lived through? It's not as unlikely as you think, and it's the sort of thing you slide into, rather than being a pane of glass that you fall...

I do believe they cover the downturn here pretty thoroughly, also.

When will this happen? Celente has modeled predictions that have come true within specific time frames, many times.

The program is worthless, in reality. However, Goldman Sachs claims otherwise, and had it insured against 'theft' for 20 billion. AIG was the insurer.

Green shits...err...shoots! But surf said New York retail is white hot, especially at the high end! ? http://www.nytimes.com/2009/07/07/business/07jewelry.html?hpw Too Precious for a Recession A Fortunoff Store in Westbury, N.Y. that once sold hundreds of watches is now closed...

More Green Shits. The green shit is really starting to pile up, both here and overseas. http://www.nytimes.com/2009/07/07/world/asia/07pride.html?_r=1&hp With Wounded Pride, Unemployed Koreans Quietly Turn to Manual Labor Former white-collar workers have joined the fishermen...

Yen Advances as EU Finance Ministers Signal Risks to Recovery Share | Email | Print | A A A http://www.bloomberg.com/apps/news?pid=20601087&sid=aBLLRAj.vOLc By Ron Harui and Yasuhiko Seki July 7 (Bloomberg) -- The yen rose against the euro, South African rand and Australian dollar...

We WILL hit 12.5% minimum unemployment, and once that firewall is breached, things could very easily spin out of control and hit the 15% to 20% official unemployment range. Hell, we're at 18%+ now, if you look at the real numbers.

F**k Goldman Sachs...filthy, criminal, thieving bastards. That's who all of you are getting cut by, whether you realize it or not. It's a zero sum world, and Goldman has you by the balls because of who they know, not what they know.

Uh oh. All in all it was just a BRIC in the wall... India’s Mukherjee to Borrow Record to Fund Budget Gap (Update2) Share | Email | Print | A A A http://www.bloomberg.com/apps/news?pid=20601087&sid=a0t3yEcu1Ne4 By Cherian Thomas and Kartik Goyal July 6 (Bloomberg) -- India’s...

IOUSA <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/HBo2xQIWHiM&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/HBo2xQIWHiM&hl=en&fs=1&"...

Rubbish Unemployment Numbers from the Bureau of Lies & Statistics De Omnibus Dubitandum Matthew Collins, A-Letter Editor Among all the wonderful (but useless) economic data we got this week was a fresh report on the jobless numbers from the Bureau of Labor Statistics. Before we...