Hutch

Ready for a Santa Claus Rally?

AMC played the Classic "White Christmas" with Bing Crosby and Danny Kay last night. The plot includes a retired General turned Inn Keeper whose shaky business is facing ruin unless the Christmas season can provide some much needed revenue. Movies usually end well, reality less often.

Wall Street Breakfast: Must-Know News

Tales of the Oompa Loompa: episode IX

The Great Oompa Loompa stood before the masses and spoke “Behold the Oompa Loompa Empire that I have built. Behold the sweet smell of success. Our stuff don’t stink!”
Then the Oompa Loompa turned to his inner council and said ” What is this crap? We’ve got seconds for 80/20’s with FICO’s under 600! I wouldn’t approve that kind of loan for my own MOTHER!, a Congressman maybe, but NOT my mother.”
Councilor Sambol replied “Sire, It is the ‘Milk’ of the Biz”
Oompa Loompa said “Milk my @%$. It’s poison! We gotta dump this stuff fast.”
Then Councilor Sieraki said ” We must match what is offered by others or the empire will shrink” and Councilor Sambol said ” Tis true”
The Oompa Loompa said ” Well be more careful, and by the way, those pick-pays stink too!”
As his councilors left the throne room, the Oompa Loompa did swear unto himself ” I will steadily sell my stake in this idiot empire and stand ready to move to the Caymans where my awesome tan will shield me from the harsh rays of the tropic sun.
Hmmm...now where did I put Ken’s number?"

Time to Cautiously Get Back in the Game

The comment, ."As Winston Churchill might have said"
reminded me of an essay by David Friedman
www.daviddfriedman.com...
The Treasury and Fed have yet to find a way to budge this paradox.

What Does Moody's Downgrade Warning Mean?

I know "I'm" not smart enough to tell you a way to fix things. I'm just tired of all the Geniuses trying to tell me that "they are" and that the train wreck ain't happening.

What Does Moody's Downgrade Warning Mean?

Moody's: "A Day late, and dollar short as usual"
But not quite as far behind reality as Congress.