Lee’s Free Thinking

Wall Street Examiner exclusives

Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Smoot-Hawley’s Revenge

“The bottom line here is very clear: The US Congress just doesn’t do macro.”  –Stephen Roach, in Past The Point Of No Return
Isn’t it remarkable that the pea-brains on capitol hill don’t link the obvious negative consequences of the trade imbalance with China (manufacturing job loss) with the “positive” results we’ve come to depend on: […]

NovaStar: The Subprime Litmus Test

MorningStar has a pretty nice article out from yesterday featuring duelling analysts regarding the fate of NovaStar. After their almost naively-sanguine and narrowly-scoped Alt-A/banks article last week, I find this a breath of fresh(er) air. While I believe it is a little bit inane to be discussing subprime at this point (the […]

Oh, What A Tangled Web Housing Riskloves Weave!

In the past day I’ve been gathering together what was intended to be a random collection of housing/housing finance updates that I thought worthy of additional comment.   Upon taking a look at the assortment, much to my surprise, the first thing that struck me about them was how a nearly continuous thread of interconnection and […]

Recession Reality Hits?

A few quick items this morning before I’m off to the factory. The main one is Monster Warns On Q1, on how the purveyor of job ads online is seeing its business take a hit. The reason given is openly described as “economic slowdown”. Labor conditions are noted as problematic. Very […]

New Century: Punch Bowl Taken Away

Today some of New Century (NEW’s) warehouse lenders finally did the deed and cut them off.  Call me crazy, but after the announcement of major restatements, more than ten class-action shareholder lawsuits, criminal probes initiated by states and the NYSE, and revelations of Enron-like manipulation, this one seemed like an easy call to me.