State of the world

According to Thomson Reuters, 88 S&P companies have issued negative earnings preannouncements for the fourth quarter, compared with 25 positive announcements, creating a ratio of 3.5, the largest since the second quarter of 2001. Posted in Uncategorized | Leave a…

Europe still contracting

Markit’s Eurozone Composite Purchasing Managers Index (PMI), which measures changes in business activity across the euro zone, showed the euro zone’s private sector economy contracting for the third month in a row in November. Funding deficits of UK pension schemes…

Presidential level stumbles

What worries me about the Perry and Cain stumbles is the gravitas of the people finding their way to highest levels of politics and corporations not just in the US, but all over the world. Not surprising that we often find ourselves…

Greece Again ???

Too much of a coincidence? Negative news seems to leak near market tops and seemingly positive news near bottoms.  Are Sarkozy, Merkel, Papandreou trading this market? With this kind of pension, easy for them to stick it to Greece. And, nice work…

Revenge?

It has been reported that the Securities and Exchange Commission is considering a civil action against Standard & Poor’s for its rating of a 2007 mortgage debt offering.  

The US is not Greece ….. Yet

Let’s name a few.  You are invited to add to the list. non-recourse mortgages walk-aways Solyndra type stuff bubble-after-bubble VC community almost entirely focused on social Web 2.0 15% poverty rate probably 15%+ real unemployment outsourced contractors that do a…