Lee’s Free Thinking

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Fremont is Dead

(Or as close to dead as any parties involved will likely ever admit.)
Fremont General, the fifth largest subprime lender (as of Q2 2006 according to the MBA), has collapsed. They had just announced a postponent to their Q4 2006 earnings reporting a few days ago. This is the highest-level done-deal collapse so […]

Who Do You Believe — The Fed, Or Your Own Two Eyes?

Interesting zeitgeist piece in Yahoo! Finance News today (very revealing, as usual). We hear that Home Depot released an earnings disappointment, but the market has rallied anyway because of soothing words on the housing market from outgoing Fed Governor Susan Bies:
The world’s largest home improvement retailer reported that sales at its stores open […]