cranky investor

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  • Did New Car Sales Bottom in November?
    Unemployment is still rising; real credit is still being doled out a lot more judiciously; and the ups-and-downs of gas prices still troubles lenders' projections of residual values of low-mileage trucks & suvs. Add the end of "aspirational buying" as a means of self-expression and the greater availability of auto mechanics who've been laid off by dealers, and you find that more owners will hold on to cars that still run fine, and won't feel the need to buy just to prove something to their neighbors (especially the guy across the street who was just laid off by Citibank).

    A return to 16million cars per year is a way off.
    Jan 07 06:12 am |Rating: 0 0 |Link to Comment |View article
  • Eddie Lampert's ESL Holdings
    Fast Eddie had one big hit - he scammed the bankruptcy court and raped the Kmart creditors.
    Since then he's managed to plod along, accelerated the destruction of Sears, and otherwise accomplish nothing of merit.
    All the while he's lionized for the one scam he pulled which had as much to do with running a hedge fund as with cheating at poker.
    Jun 17 06:50 am |Rating: 0 0 |Link to Comment |View article

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