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Front Page WSJ: “Too Much Hope May Be Pinned On Rate Cut”
Reading Time: 1 minuteOn the front page of today’s The Wall Street Journal an article titled “Too Much Hope May Be Pinned On Rate Cut” (subscription required) nicely lays out the varying views towards the effectiveness Fed rate cuts tomorrow and in the…
Carlyle Capital Going Under
Reading Time: 2 minutesCarlyle Capital Corporation Limited today announced that, although it has been working diligently with its lenders, the Company has not been able to reach a mutually beneficial agreement to stabilize its financing. The Company expects that its lenders will promptly…
Reverse Wealth Effect Saps Consumer Spending
Reading Time: 2 minutesData from DataQuick show that Sacramentans extracted $2 billion less (-34%) from their homes in 2007 – via refinancings, home equity loans, outright sales – than they did in 2006. For the state of California, it was $25 billion less (-21%) (Sac and…
WSJ Front Page: GE Pursues Pot Of Government Stimulus Gold
Reading Time: 2 minutesThe government has moved in next door, and it ain’t leaving. You could fight it if you want, but soceity wants change. And government is not going away. – Jeff Immelt, CEO, General Electric, in June at the International Economic…
The Year End Rally Consensus, CRM & KR Earnings
Reading Time: 3 minutesEverybody knows that December is one of the best months of the year from a seasonality perspective. And with the Federal Reserve on pause, the consensus for a year end rally is almost universal. The S&P is only 40 points…
Return Of The Bear, The Magnificent 7 Are Next, TLT $115
Reading Time: 8 minutesEarly Saturday morning – even before Iran fired missiles at Israel – I wrote that the bear market was on the cusp of being resumed. In fact, I literally guaranteed it at the end of the accompanying YouTube video I…

