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It's Official, If a Bit Silly: We Have a Bear Market. More Disturbing: General Motors Could Go Bankrupt, Says Analyst
Economics actually should encourage economizing and discourage debt. We need production, not consumption. We have to reduce debt of families, corporations and government at all levels. Do you hear any presidential candidate suggesting that consumers stop spending and pay off their debts? Of course not. ========================================= Excellent post.— July 4, 2008 4:27 p.m.
It's Official, If a Bit Silly: We Have a Bear Market. More Disturbing: General Motors Could Go Bankrupt, Says Analyst
If anyone has read Lou Dobbs book "War on the Middle Class" you will see why this country is upside down, and it is basically over the same things posted on this thread......— July 4, 2008 12:29 p.m.
Amid losses, newspapers take on debt
The daily papers should refocus with online content and advertising.....it is the future, and at this point in time everyone knows it.— July 3, 2008 8:41 p.m.
Amid losses, newspapers take on debt
When I use "kinky" for a business deal, I am usually referring to a basic business fraud: a deal, concealed in contrived complexity, marked by massive debt, in which somebody is screwing the others, and perhaps also the public (pro sports stadiiums). ===================================================== Believe it or not, this "kinky" business fraud is what started the financial downfall of the US in the late 70's and thru the 80's with "junk bonds" and their money backers-deregulated savings and loans. The premise of junk bonds was simple-credit worthy companies with bad credit but good assets and balance sheet, but the real world application of buying ANY company with assets and a strong balance sheet through LEVEAGE (100% borrowed money) of taxpayer backed savings and loan "bonds". We can thank that idiot Michael Milken for a large portion of the downfall of America-and to think that guy only did 2 years of a 10 year sentence.........Thank federal judge Kimba Woods for that sham. When you look at it, the hedge funds and private equity firms of today are doing today pretty much the exact same thing Milken was doing 25 years ago........— July 3, 2008 12:32 p.m.
It's Official, If a Bit Silly: We Have a Bear Market. More Disturbing: General Motors Could Go Bankrupt, Says Analyst
Put me in charge of one of those automakers and Toyota will no longer be the #1 car maker in the world. BTW, the Market CAP rate spread between Toyota and GM is mind boggling.— July 2, 2008 6:36 p.m.
It's Official, If a Bit Silly: We Have a Bear Market. More Disturbing: General Motors Could Go Bankrupt, Says Analyst
GM deserves to go BK. They have had lousy management for years, no, make that decades. The Big Three should have spent 50-75% of their R&D on fuel-efficient cars, which is where the future has been headed the last 30 years. Instead what do these rocket scientists do?? They focus on trucks and SUV's because US tax credits allow the Big Three to make more money off of those dinosaurs. No long term thinking at any of the Big Three, and they get what is coming to them. Stupid CEO's, stupid management and stupid board of directors backing them up.— July 2, 2008 4 p.m.
Amid losses, newspapers take on debt
Don, did GateHouse pay all cash ($382 Million) for the Copley papers? Or was it a stock swap????— July 2, 2008 12:34 p.m.
Dan Holbrook pushed real estate debt to San Diegans and then succumbed to it
The funny thing about Costco is that it was a former Price Club employee that stated Costco with venture capital. Then they did a better job of running their stores, using the Price Club concept. Irony! Sol Price's law license is inactive, so he is not curently practicing (and why would he with his success), but I do find it amazing he has had a license that long (and that he is still alive at his age).— July 1, 2008 9:14 a.m.
Dan Holbrook pushed real estate debt to San Diegans and then succumbed to it
Sol has to be the oldest living lawyer in CA- I have never seen anyone who had a valid law license for 70 years. Sol must be working out with fitness guru Jack LaLanne who turned 94 last month, and is in better condition than I am.— June 30, 2008 10:16 p.m.
Dan Holbrook pushed real estate debt to San Diegans and then succumbed to it
I never knew Sol Price was a lawyer!! I think he may have claim to being the oldest, living, licensed lawyer in California. http://members.calbar.ca.gov/search/member_detail…— June 30, 2008 3:43 p.m.