Schweizer

Closing Update for Monday, July 27: Scratching It Out

Yet another article praising the 11% monthly rise in new home sales neglecting the 6% one-month drop in prices which is far more significant to the economy. Imagine if this 6%/m drop continues and what it does to foreclosures in the existing homes number. Duh.

Irate Icahn - Fast Money Recap (9/19/08)

Using more debt to cover other debt is a fool's game. Congress is debt addicted and in need of rehab. Let the lenders fail as other businesses have failed when risks don't pan out. Newer, better banks will emerge if the corrupt ones are allowed to fail.