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Ericocean

Ericocean
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  • Wall Street Breakfast: Must-Know News [View article]
    You are exactly right. I was there in Fallujah. $1 Trillion dollars wasted on some of the worst human beings this planet has ever produced, and lives wasted.
    Jun 13 09:21 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Slaughterhouse 5, we all read it.
    Jun 13 09:20 AM | 1 Like Like |Link to Comment
  • Why Stocks Continue To Levitate In The Face Of Eroding Economic Metrics: Ask Elizabeth Warren [View article]
    Good article. It's too big to fail though, not to big to fail.
    Jul 17 06:48 AM | 2 Likes Like |Link to Comment
  • Detroit has become the most populous city to default since Cleveland in 1978 after it missed a $39.7M debt payment on Friday. Overall, Detroit intends to suspend payments on $2B of unsecured debt as part of the plan of Emergency Manager Kevin Orr to turn around the city's horrific finances. Other measures include demanding that unsecured creditors accept a haircut of over 90%, and cutting pensions for active and retired workers. [View news story]
    Read "Detroit, an Autopsy" Not just unions, but complete corruption everywhere.
    Jun 16 03:22 PM | Likes Like |Link to Comment
  • The U.S. Postal Service will cut mail service for Saturdays beginning in August in order to save close to $2B annually. The development could provide a minor benefit to FedEx (FDX) and UPS (UPS). [View news story]
    Sell the post office to Amazon
    Feb 6 12:21 PM | 2 Likes Like |Link to Comment
  • Facebook IPO Analysis: Thanks, But No Thanks [View article]
    Great article. It was particularly interesting to me as I was thinking along the same lines when my 19 year old Manhattan hipster daughter told me she had taken herself off Facebook for a variety of reasons and was moving on to other sites I know nothing about. I am on Facebook but thinking the same thing as her. There is really not much of interest going on there. But I think it has a way to go before people lose interest. On the other hand, it is embedded everywhere now. I wouldn't buy the stock but it will be interesting to see what it morphs in to.
    Apr 8 10:30 AM | 1 Like Like |Link to Comment
  • Bye Bye Blockbuster, Not So Fast Netflix [View article]
    Blockbuster is more a lesson in customer service and basic customer satisfaction. I am sure there were hundred of thousands of people like me who were absolutely delighted to switch to Netflix and never step foot in a Blockbuster ever again. They treated customers poorly and their late fee strategy was a case study in angering your customers. Other lessons are probably true with technology, but I think the lesson is old school - don't screw your customers.
    Sep 26 04:04 PM | 1 Like Like |Link to Comment
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