This page has been archived and commenting is disabled.
Putin Can Teach West A Thing Or Two About Capitalism
Submitted by Tyler Durden on 01/20/2009 04:45 -0400
CEO of Russia in Perpetuity, Vladimir Putin, was faced Monday with the tough truth of plummeting oil prices. Oil, of course, has been the lifeblood of Russia's renaissance in recent years.
»
- Read more
- 1046 reads
JC Penney Firmly Denies It Should be On Death Watch
Submitted by Tyler Durden on 01/20/2009 19:50 -0400JC Penney just issued a great PR titled "JCPenney Clarifies Unfounded Market Concerns Regarding Its Revolving Credit Facility."
»
- Read more
- 1546 reads
Risk-Free Profit Idea of the Day
Submitted by Tyler Durden on 01/16/2009 19:47 -0400Buy: Barrels of Oil (we do not have a position in this "security" so we hope the SEC does not bust our front door in an hour for position peddling)
Why? You pocket $25 RISK FREE per barrel for just holding on to it for 11 months
What is the Catch? U need a place to store a couple of barrels of oil...
»
- Read more
- 756 reads
Death Watch: New Entrant - New York Times
Submitted by Tyler Durden on 01/17/2009 19:39 -0400
The WSJ reports ($$$ link) that Mexican billionaire (or is that millionaire now, we need to double check) Carlos Slim Helu may bail out the New York Times.
»
- Read more
- 1397 reads
Attention Steve Rattner: Please Check This Out
Submitted by Tyler Durden on 01/19/2009 20:02 -0400As the clock ticks on labor and creditor negotiations for the Detroit 3 (it seems like only yesterday that people called them the Big 3) ahead of the March 31 deadline for the thumbs up/down decision, it might be prudent to look at this. All over the world millions of brand new unsold cars are piling up in vacant lots.
»
- Read more
- 1155 reads
January 20 Early Headlines
Submitted by Tyler Durden on 01/20/2009 14:03 -0400- The pound is dead, long live the pound (Bloomberg)
- Banc of America expected to cut up to 4,000 in its capital markets group (CNBC)
- UAW's Ron Gettelfinger "Deadline may be almost unattainable" (Detroit Free Press)
- Fiat getting 35% of Chrysler, forming global alliance (
»
- Read more
- 1119 reads
REITs Next To Receive Bail-Out Funding?
Submitted by Tyler Durden on 01/20/2009 20:46 -0400REITs are in trouble. Let me paraphrase that - REITs are in very big trouble. These companies whose very existence presumes significant equity value in their underlying investments are feeling a lot of pain these days with commercial mortgages on the verge of a default tsunami.
»
- Read more
- 904 reads
Citi About to Bear the Brunt of Moody's Anger
Submitted by Tyler Durden on 01/16/2009 21:27 -0400Tha company has been put under review for a downgrade by Moody's.... What can you say - always one step ahead of the crowd. Their Prime Rating is most at risk at A-2. If this gets whacked several notches, no more access to commercial paper... Oops
*********UPDATE**********
Moody's just downgraded Banc of America/Merrill Lynch senior rating to A1 from Aa3. Kinda like Lehman was rated A1 on the day of its bankruptcy.
»
- 864 reads
$100 Trillion Note Unveiled in Zimbabwe
Submitted by Tyler Durden on 01/17/2009 20:43 -0400
It has been 4 days since we demonstrated Zimbabwe's recently issued $50 billion note...
»
- Read more
- 1098 reads
Death Watch: Greece, and What Its Default Could Mean
Submitted by Tyler Durden on 01/19/2009 20:35 -0400
The biggest threat to the U.S. Obama rally and the miracle recovery proposed by Democrats in the $825 billion bail out package may possibly reside about 6,000 miles away in Greece.
»
- Read more
- 1609 reads
State Street Next Blowup?
Submitted by Tyler Durden on 01/20/2009 14:18 -0400State Street (STT) stock tumbled 33% in premarket trading (last at $24/share). The world's largest money manager for institutions said 2009 profit will be little changed from last year after Q4 earnings fell 71%. What is curious is that according to Bloomberg out of the 18 analysts who cover the stock, 9 have a buy rating, 9 have a hold and 0 are at sell...yup, good to see sell-side research ahead of the ball on this one too.
»
- Read more
- 747 reads
REITs Next To Receive Bail-Out Funding?
Submitted by Tyler Durden on 01/20/2009 20:46 -0400REITs are in trouble. Let me paraphrase that - REITs are in very big trouble. These companies whose very existence presumes significant equity value in their underlying investments are feeling a lot of pain these days with commercial mortgages on the verge of a default tsunami.
»
- Read more
- 1317 reads
Breaking News: Steve Jobs Considering Liver Transplant
Submitted by Tyler Durden on 01/16/2009 21:30 -0400After incessant media bugging, Jobs break down "Why don’t you guys leave me alone -- why is this important?”
Poor guy, all joking aside, this is pretty horrible and again our thoughts go with him
»
- 619 reads
Saturday Afternoon Ponzi: Now in Idaho, And Totally Organic
Submitted by Tyler Durden on 01/17/2009 21:04 -0400WSJ reports ($$$ here) of another one. Seriously now, they have hedge funds in Idaho? I think we have reached our saturation point - one a day now, soon to be dozens: 34 of the 1,684 hedge funds reporting quarterly results have never had a down quarter (you listening SEC, you may want to do something here proactively).
»
- 541 reads
Death Watch: Greece, and What Its Default Could Mean
Submitted by Tyler Durden on 01/19/2009 20:35 -0400
The biggest threat to the U.S. Obama rally and the miracle recovery proposed by Democrats in the $825 billion bail out package may possibly reside about 6,000 miles away in Greece.
»
- Read more
- 1654 reads