Doug Kass says economic turmoil will continue for quite a while, lending credence to the “W” shaped bottom that may develop as stocks dip lower again. Additional headwinds include Obamanomics experiment.Story
The Big Picture
Real Unemployment Rate is 15 – 19.8% (Depending on who you believe)
Ignore the Propaganda – Real Unemployment Rate is 15-19.8% say experts […]
The Big Picture
Collapse of Global Shipping & Trade
The collapse of global trade, graphically illustrated. […]
The Big Picture
It’s a Depression (Without Those Tacky Breadlines); Andy Beal’s $30 Billion Bet on Banking
Andy Beal: “Unemployment is going over 10%, commercial real estate hasn’t even begun collapsing and corporate credit defaults are just getting started”. A great time to be buying distressed assets from Vikram Pandit, and Ken Lewis! […]