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  • Wall Street Breakfast: Must-Know News [View article]
    >> "Three more bank failures on Friday..." >>

    Moodys just reported that US banks have taken less than half the losses so far on mortgage and securitues gone bad. The FDIC "watch list" of troubled banks has grown from mid - two digits to mid - three digits.

    Regardless of what the Kudlows and Bartiromos say, it ain't over. It's just begun.

    ?Green shoots ?? Nah, it's moss on an economic rock that's no longer moving.
    Sep 14 12:18 pm |Rating: +5 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Yes, there are American made tires.Last time I bought tires I researched them on the Tire Rack site. I bought Fuzions, which are made in two countries, each of which place a code on the tires so you can tell where a given tire was made. I specified American made and the dealer had 4 American made tires in stock. So far so good.

    You REALLY do get what you pay for. You just gotta do the legwork to determine what you want.
    Sep 14 12:07 pm |Rating: +3 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Cooper Tire is building a tire factory in China. To not compete with China's domestic tire industry, Cooper voluntarily aggreed to export 100% of the production. This is NOT fair trade. Jack Crooks had an excellent, in depth report on the situation in today's Black Swan Capital "Currency Currents"
    www.blackswantrading.c...

    American multinational companies are gutting domestic manufacturing with these antiAmerican deals.
    Sep 14 12:01 pm |Rating: +5 -1 |Link to Comment
  • Alternative Energy Storage Is an Investment Tsunami [View article]
    Many years ago when I was in Asia I used to see boats propelled by one cylinder diesel engines with a heavy flywheel to smooth out the power. They'd run a week on a gallon of diesel. I'd love to see a power plant like that turning a generator in an ultralight weight car.

    If the DOT didn't have a million rules, tinkerers would put some really interesting things on the road.
    Nov 30 11:34 am |Rating: +3 0 |Link to Comment
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