NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
It’s the poster child for the entire housing bubble. There’ll be some other spectacular blowups, but this will be at the top of the pecking order. – Daniel Alpert, Managing Partner, Westwood Capital The fact that they have given the…
The stock market is the most amazing thing. Everyday and throughout the course of a trading day new information comes out and you can see, immediately, the market processing that information via changes in securities prices. A company reports earnings…
Almost 100 years after the start of The Great Depression there is still a lot of debate about what caused it and why it lasted so long. But it’s almost certain that The Smoot-Hawley Tariffs and bad monetary policy played…
Here are Target’s (TGT) monthly same store sales comps for the last year (Target Releases): Sept 07 1.2% Aug 07 6.1% Jul 07 6.1% Jun 07 3.3% May 07 5.8% Mar and Apr 07 3.0% (See this post for why I’m…
On December 31st I wrote a post titled “CDSs: What Everybody Will Be Talking About In 2008”. As I explained in that post, a CDS is essentially an insurance policy against the default of a bond. An investor might buy…
