The banks must be restrained, and the financial system reformed, and balance restored to the economy, before there can be any sustained recovery. – Robert Reich
Archive for the ‘Bankruptcy’ Category
Sustained Recovery?
Posted in Bankruptcy, Equities, Federal Reserve, Foreclosure, Herd Mentality, Interest Rates, Investment Banks, Liquidity, Recession, U.S. on July 14, 2009 | Leave a Comment »
4th airline in two weeks goes bust
Posted in Bankruptcy, Herd Mentality, Oil, Peak Energy on April 10, 2008 | Leave a Comment »
Oasis Hong Kong Airlines is the 4th airline to file bankruptcy in the last week and a half. Read the full story at the International Herald Tribune here.
Airlines just starting to take a beating
Posted in Bankruptcy, Energy, U.S. on April 6, 2008 | Leave a Comment »
Early in 2007, we bought long-term puts on Southwest Airlines (Ticker: LUV). See previous articles by searching under Southwest. Our rationale:
LUV was trading at nearly $17.00 a share, with a market cap of $12 billion and the highest PE ratio in the sector of 20x
The sector was riding on good times back in early 2007, [...]
It’s So Much Worse Than You Think
Posted in Bankruptcy, CMBS, Equities, Federal Reserve, Foreclosure, Herd Mentality, Interest Rates, Liquidity, Real Estate, Recession, Subprime, U.S. on March 4, 2008 | Leave a Comment »
March 3, 2008 (Motley Fool) – Right now, things look bad. Every day, the economic news looks worse. Unemployment has been creeping up. The service sector is shrinking for the first time in half a decade. Consumer confidence is declining.
The stock market’s performance of late reflects this news. The S&P 500 is down nearly 9% [...]
Agassi should have stuck with tennis
Posted in Bankruptcy, Herd Mentality, Liquidity, Real Estate, U.S. on February 21, 2008 | Leave a Comment »
As we wrote on July 26, 2007, Agassi made a horrible bet on property (development of a Fairmont hotel) at the peak of the cycle. Less than 7 months later, the resort itself is now filing Chapter 11. Makes you wonder about “financial advisors.”
Tamarack Resort In Idaho Files Chapter 11
New West Business is reporting Tamarack [...]
Risk still far from being priced into the market
Posted in Bankruptcy, Equities, Federal Reserve, Foreclosure, Gold, Herd Mentality, Interest Rates, Liquidity, Real Estate, Recession, Silver, Subprime, U.K., U.S. on January 29, 2008 | 1 Comment »
What amazes me is that investors are still bullish at the slightest bit of good news. Yet, they ignore the growing and very serious macro risks facing the global markets. The report on new home sales released today was an absolute disaster, yet the Dow was up 1.5% on rate cut hopes. [...]
