oldgoldbug

Eddie Lampert's Troubles: It's Not Just Sears

My experiences with Sears as a customer and an employee have not been good. From the mid 80's on it acted like a company with no ethics (although how many actually are ethical?) Now it tough times, the loyalty just isn't there anymore.

Too bad the authors didn't publish this list 6 months ago - it is an impeccable short list.

Feddie Pay: The Reality of the Bailout World

A well thought out analysis. I'm not so sure the deflation won't occur but the actions of the markets today make it more likely down the road than immediately. It doesn't look like it will be a fun party.

Ten Bear Market Phases, Current Edition

Well done.
Long term support at 10800+ on Indu makes an attractive entry point but fraught with risk.

Selling the Short Sellers Short: Another Sign of Trouble

Naked shorts are similar to the "bear raids" back in the day which were a major cause of the 1929 Crash along with 10% leverage. So here we are again 80 years later with the same problem, only now it is 95% and more leverage. It is incredible that any of these banks on the wrong side are still standing....or are they? It all comes down to greed and Wall Street is insatiable. Bend the rules, break the rules, repeal the rules - none of it matters if they can make a buck and it doesn't matter to them who gets hurt.

Fast and Easy Fannie

Thank you! Sometimes the facts are beyond our comprehension.
A friend was here a few weekends ago who was in the banking business in the bad old 80's when loans require something like 20% down and documentation and oh by the way, it was a local bank that knew you and your Mom so they had a good idea if you were good for the dough. How things have changed!