lcs

TV: The Next to Fall

Good riddance.

Nationalizing the U.S. Banking Sector: There's No Choice

Why can't the banks just wait until the housing market recovers? How long can the banks 'legally' hold these toxic assets that accounting rules require to be marked to market? Another month, another six months, a year? Seems like everyone is just stalling to run the clock out until the problem fixes itself.

Could the LA Times Turn Off Its Presses?

Yeah, I agree. I don't want to hear ANYTHING but conservative rhetoric, since we all know that it is correct and liberal rhetoric is incorrect. Why, its obvious.

Did the End of the Investment Banks Cause the Latest Sell-Off?

It has already become conventional wisdom that the selloff is due to forced liquidations by hedge funds. But I've seen no consensus as to whether it is driven from redemptions or bank margin calls.

Yesterday's Crude Spike: Most Cut-and-Dry Case of Speculation Yet

The reversal on July 14 ALSO occurred when the SEC restricted shorting. Now you say the opposite reversal is also caused by the SEC. You can't have it both ways.

Now Is the Time to Be Buying Goldcorp

GLD is just inverse the USD. Bill noticed that USD reversed yesterday and made the post this morning.

Diluting the WSJ

Murdoch is a cultural barbarian. He feeds on mediocrity, repackages it and sells it for profit.

Will GM's Volt Change History?

That's why GM is seeking a govt subsidy. Regardless of what Toyota says, it is likely the Japanese govt is underwriting the Prius.

The Case Against Ethanol

It was Abe Lincoln who said you can't fool all of the people all the time. P.T. Barnum said "There is a sucker born every minute" which is even more appropriate for the Ethanol story.