Chapman, Jim Willie and Jim Sinclair are all a bit sensationalistic to me.
So is Wall Street. At least with casinos you know what the deal is.
He is in a tough spot. I'll reserve judgment on him for now.
BRKA is rumored to be AIG lite per one subscription newsletter.
Usually when something like this happens I wonder if they are really getting back at him for something else.
You can still get 100 oz bars for less than $2 over spot.
My local Sears is one of the few stores I can take going to, because they keep the music low and the staff is very helpful. I bought a gas...
The MSFT tax won't be worth paying when 25% of the population is eating in soup kitchens. Linux + Open Office + a cheap box from China can...
They are a dinosaur. Most people buy those things online now. My guess is that they will be dead meat soon.
The people who knew it was coming and bet the right way. The people who hold physical PMs.
Draft all highly paid execs of bailout aid companies into the military, they can sleep on cots and have their meetings in the mess hall.
I predict it will go like this... 1. GS drops further. 2. Shills start planting stories how a GS failure would be 100 times as bad as LEH...
They need to do what the Dutch government did a few decades ago when doctors resisted nationalization of medicine and went on strike. Draft the...
Right now it is easy for them to sell Treasuries because of the flight to safety and the strong dollar. However remember they need to sell about...
Paulson still has two months and a pile of cash to help out his ex-partners, who I am sure have plenty of dirt on him from the good old days.
Berkshire is broke as well.
It may be voluntary, but any money taken from 401-k and IRA accounts will cause mutual fund redemptions and stock sales which will result in a...
They need to sell 2.5T new Treasuries next year, much of it by March. If they can't sell them at auction they will make Americans buy them....
That isn't what the CDS market is telling us. BRKB beginning to look like AIG lite.
They will take the seized retirement money, use it to pay for the bailouts, and worry about how to pay out the retirement benefits later.
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