Hot on the heels of the Saturn buyer pulling out forcing the closure of that brand, GM has announced that  its Swedish car maker, Saab, no longer has a buyer.  Swedish firm Koenigsegg Group AB was set to make the purchase, but now says that timing is a problem.  “’Everybody wanted to make this deal, [...]

 Here is a hugely informative article on a monster swindle involving the Federal Reserve and certain anointed “too big to fail” banks. The allegations are that these folks got together and decided to buy massive amounts of puts on Bear Stears’ stock – yes, right before the Fed and Treasury let it fail. This deal [...]

If the economy falls off a cliff starting tomorrow, then there will only be more of this kind of finger pointing and name calling between Washington and Wall Street.  “Treasury Secretary Timothy Geithner defended the Obama administration’s economic record and dismissed a call for his resignation from the senior House Republican on the Joint Economic [...]

The good folks at Elliot Wave note that “[Gold]’s rise has now engendered back-to-back days of 97 percent bulls, the first time this has occurred in the 22 years of Daily Sentiment Index data that we have from MBH Commodity Advisors (trade-futures.com).” and thus almost guarantee plummeting gold prices.  Their point is that once everyone, [...]

There is a shortage of Eggo frozen waffles.  Now I know that you can make and freeze your own pancakes and waffles, but do your kids really want those?? No.  They want what they see on TV ads – and now…they are out, due to a flood at the Eggo plant!! 
 Here is a link to [...]

A newly released report is highly critical of the Federal Reserve Bank of NY and its negotiations with insurance giant AIG. At the time of these analyzed negotiations, the Fed had already “invested” 85 billion into AIG and some say that it was too late to back out at that time. There have been some [...]

A report out today states that the rate of unemployment, as that figure is kept by the government, which most say is optimistic, soared to 10.2%, the highest in 26 years.  Of course the concern is twofold: first with those who are out of work now and perhaps more upsetting is that the US economy [...]

High fashion designer Escada (now trading at .53 Euro’s per share) is in an insolvency proceeding in Germany.  The company’s release states that: “The court decreed on August 13, 2009 at 12:00 a.m. the preliminary administration of the insolvent’s assets and appointed Christian Gerloff, LL.D., Munich, as preliminary insolvency administrator.”  Bidders for the company are [...]

Talk about a global company:  GM’s proposed sale of Opel to the Canadian group was really to Russians, with lots of cash support from the German government.  Also, that German cash was not offered to GM when it was trying to save Opel.  Now GM’s decision to retain Opel (one speculates for its excellent line [...]

Since emerging from bankruptcy with a new owner, Chrysler has been circumspect with regard to its finances.  Reportedly, since the exit from bankruptcy, the company is in a positive cash position despite its sales.  This pleasant result is due to some extremely unpleasant cuts in its operating costs.  “Sergio Marchionne, chief executive of Fiat SpA [...]