One: I am The Great Recession that snapped you out of your debt binge and brought the entire world to its knees, thou shalt compare no other recessions to me.
Hot Links: IPO Culture, Rice Prices, Series 7 & the iPhone Cheese Dock
Stuff I’m Reading this Morning… Kedrosky on 2010’s return of the IPO culture. (InfectiousGreed) Robyn Meredith on China’s 2010 commodity appetite: “Watch the price of rice.” (Forbes) Quentin Hardy: In 2010 the internet will break, but something better will replace it. (Forbes) New Bank of America chief has no Series 7 or Series 24 license. …
Holiday Season Spending Infographic from GOOD
The good folks at GOOD have an infographic look at holiday spending posted with some really interesting facts. One must take some of this stuff with a grain of salt as 2007 data is the predominant source. Things were different back then – most of us had a pot to piss in. Happy Holidays 2009,…
A Few Chunks of Goldbug Kryptonite
Hold your hate mail Goldbugs…I don’t make predictions here on anything, nor do I particularly care which way the price goes today or tomorrow. The recent sell-off in the yellow metal has brought out a ton of bearish sentiment this week, some of which I’ll post here… First up, Doug Kass has a gold call…
Radio Death March Continues, Nothing to See Here, Folks
And the Radio Death March continues with yet another bankruptcy for the broadcasters… NEW YORK (CNNMoney.com) — Citadel Broadcasting Co., the third-largest radio group in the United States, filed for Chapter 11 bankruptcy Sunday. The company, which has stations in 25 states, listed liabilities of $2.5 billion on assets of $1.4 billion, according to court…
Carl Icahn Drinks Trump's Milkshake in AC
Richard Wilner, writing in the New York Post, has the skinny on the opening verbal warfare in the battle of Carl Icahn vs Donald Trump. They are fighting over The Donald’s bankrupt casino assets, including the Taj Mahal. Trump on Icahn: “(He) runs companies so badly that I think it’d be really bad for the…
about that wall of cash on the sidelines…
It’s the shock of the century! Helicopter Ben drops rates to a semi-permanent zero percent and people decide that saving is pointless! Whodathunkit? They then pull cash out of money markets and fling it at anything doing business in China or promising a decent bond yield.
Holiday Shopping Dead Today
Roosevelt Field, one of Long Island’s biggest shopping malls, was a ghost town today. The streets and parking lots around it were barely plowed and the people were clearly staying away. I was only there to take care of business at the Apple Store, which in Roosevelt Field has just moved into a ginormous space,…
Zogby on 2010: Down With Whoever's Up
Columnist John Zogby contributes to the Forbes 2010 Preview with some views on the next year in business and the economy.
About That Climate Change/ Health Care Sideshow…
As I have repeatedly said, the President’s biggest misstep has been his pursuit of climate change policy and health care reform ahead of financial stability and banking reform. Everything that was broken when he was elected is still broken, millions more have no jobs to go to and yet Obama and friends are still dicking…
