Source: “Sacramento’s wave of lost jobs hits some harder than others”, The Sacramento Bee, July 14, A1
With the Fed slashing the funds rate to 1% today, it’s worth remembering what happened the last time they did this: We got the most massive housing bubble in the history of mankind. Well, today, in the midst of this…
Very simply, Eastern Europe has become Europe’s version of the subprime market. – Robert Brusca, FAO Economics The disaster spotlight is now being pointed at east and central Europe. – Gernot Mittendorfer, CEO Ceska Sporitelna, a large Czech bank owned…
(In conjunction with this post, also read the one from last week on Winnebago, especially the quote from Ron Muhlenkamp at the top). As expected, since they preannounced weak results in early September, Harley Davidson (HOG) reported a weak 3rd…
“As we look forward to the fourth quarter, we are doing so with a heightened sense of caution due to our belief that the overall macro environment is having a greater impact on retail traffic than we previously anticipated.” –…
One of the things that I like to do to gain insight into the broader economy is to look at the results of economically sensitive companies. When consumers are flush, they spend more money on discretionary items like travel. So…
Red and Blue tribal pundits agree that economic recovery can only occur if private capital returns to the market. That’s swell, at least they agree on something. So why is our brain trust in Washington doing every conceivable thing to…