Joseph L. Shaefer

Wall Street Breakfast: Must-Know News

Let's see... Basket case American Airlines is getting a billion dollar advance from basket case Citicorp (with Citi using taxpayer bailout money to buy miles for its basket case credit card division which is doing everything it can to alienate its cardholder base. Then GE Capital, with untold scores or hundreds of billions in off-balance sheet liabilities is stepping in with another couple billion because AMR is such a good credit risk.

The final result looks like something a 3-year-old with a short attention span would slap and bend together with his Big Brother's erector set...

A Non-Chartist Charts the Coming Summer Decline

To all who have commented as of mid-day Thursday, 21 May:

I can only say that I hope all of you become regulars at this site. I respect the literate and well-thought-out quality of the discussion among all of us, and there are days when I definitely need the humor to keep me going! (Clarence the Dog, “ ‘head and shoulders’ above the crowd” / “just a ‘candle’ in the wind,” indeed! Very clever puns…)

And, yes to all, especially Jasper M, who notes I am a closet chartist [without the charts.] Probably true, in that my background in special ops and intel took me around the world and gave me an insatiable interest in the socio-historical and “what if” worlds. I am certainly willing to believe that there is more in heaven and earth than dreamed of in my philosophy, (Horatio.) Now, if you’ll excuse me, it’s back to my stack of African Business journals and Defense Week newspapers…

Best regards,
JS