The plight of natural gas driller Chesapeake Energy could almost make you feel sorry for CEO McClendon. He lost his chairmanship after his conflicted entanglements and an in-house hedge fund had seeped out. The company announced it may run out of cash…
Tag Archive for Glut
Latest Business Headlines
Commerce Department imposes tariffs on Chinese solar panels – Ideal Taxes Association
by Newswires • • 0 Comments
The GuardianCommerce Department imposes tariffs on Chinese solar panelsIdeal Taxes AssociationThe solar industry is suffering from huge over-production glut worldwide due to the subsidies of the American solar panel industry by the US government and th…
Contributors- Economic and Financial, Must Read
The World Needs 600 Million New Jobs
by Economic Perspectives from Kansas City • • 0 Comments
By Stephanie KeltonThe International Labor Office (ILO) has just released asobering report on the growing crisis in worldlabor markets. We began the year with 1.1billion people – one out of every three people in the global laborforce&…
Bears Chat, Best of the Forums
BOA donating homes – then demolishing them
by Bears Chat at The Wall Street Examiner • • 0 Comments
Call me jaded – but altruism from BOA – LOL
EXCERPT:
BofA Donates Then Demolishes Houses to Cut Glut
Lindsey Rupp, On Wednesday July 27, 2011, 10:43 am EDT
Bank of America Corp. (BAC), faced with a glut of foreclosed and abandoned houses it can’…
Bears Chat, Best of the Forums
Saudi Production Announcement
by a Wall Street Examiner • • 0 Comments
The reader comments in response to this are comical.
Saudi slashes oil output, says market oversupplied
Some of the comments:
QuoteGoldman-Sachs are the ones helping to keep the prices so high. They are speculating by taking positions in the million…
Bears Chat, Best of the Forums
Freight Rates Tumbling as 35 Miles of Ships Passes Ore Demand
by a Wall Street Examiner • • 0 Comments
Freight Rates Tumbling as 35 Miles of Ships Passes Ore Demand
By Alistair Holloway – Jan 10, 2011 8:55 AM ET
At a time when analysts anticipate record profits for the biggest mining companies and a third year of gains in commodity prices, shipping lin…
Bears Chat, Best of the Forums
Rising Treasury Yields, a Blessing or a Bane?
by a Wall Street Examiner • • 0 Comments
http://blogs.wsj.com…-or-a-blessing/ Quote Russell Napier at the Asian brokerage CLSA outlined the shape of things to come in a research note back in June 2009. It still applies now.
The Fed, he said, would be willing and able to support the eq…
Housing, Liquidity Trader, Professional Edition
Housing Numbers Back to Normal- Professional Edition
by Lee Adler • • 0 Comments
Now that the distortions induced by the homesucker’s tax credit have been removed from the market, housing trends have returned to where they would have been. New and existing unit sales have collapsed. New unit prices have also collapsed, as the temporary artificial shortage that resulted from the tax credit demand bulge, has reverted to…
Economics
The Case For Less Government, Lower Taxes
by Lee Adler • • 3 Comments
Draconian state and local government budget cuts have been in the news lately. Here’s a thought. We could save a lot of money by conducting public education over the internet. High schools could be shut down completely. As for music and art, kids who want to can learn on their own from programs like Guitar…
Economics, Housing, Latest Business Headlines
More Little Lies and Big Spin- Gains or Blips?
by Lee Adler • • 4 Comments
The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose more…
