Kyle Bass: Investing For Armageddon
(Via The Pragmatic Capitalist)
Similar Posts
Intel Drastically Cuts 4Q Revenue Forecast
Reading Time: 2 minutesRevenue is being affected by significantly weaker than expected demand in all geographies and market segments. – Intel Press Release, 11/12/08 After the close yesterday, chip giant Intel (INTC) cut their 4th quarter revenue forecast by about 15% from a…
NYT: State Debt Woes Grow Too Big to Camouflage
Reading Time: 3 minutesCalifornia, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and…
LA Times Profile of Ron Paul
Reading Time: 1 minuteA lot of good ideas were shoved aside because of the Depression and the rise of the Keynesian view of the world. – George Selgin, Professor of Economics, University of Georgia, quoted in “Ron Paul’s ideas no longer fringe”, Los…
Bernanke Vs. Feirman On The Prospects For A Recovery In 2010
Reading Time: 4 minutesIf actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability – and only if that is the case, in my view – there is a reasonable prospect that the…
Target Reports A Notably Weak September
Reading Time: 2 minutesHere 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…
Leading Employment Indicator Temporary Hiring Still Falling
Reading Time: 1 minuteTemporary hiring is a reliable leading indicator. – William Hester, Analyst, Hussman Econometrics (Via The Big Picture) Temporary hiring is supposedly a reliable leading indicator of overall employment – and it continues to drop. Suggests the labor market has not…