Here is an example of one headline/article showing how everyone is highly optimistic.  Under the Headline: “Rosy earnings show that corporate America is back” the article says: “The turnaround has yet to produce a dramatic increase in hiring, which isn’t expected until 2011 or later. But it provides emphatic new evidence that the economy has [...]

Greece needs more bail out money to service its debts. Rich European governments, read Germany, agreed despite discontent from their population.  Now German Chancellor Angela Merkel wants to discuss the banks who loaned large amounts of money to Greece (was that ever a wise thing?) taking a small haircut since they are now guaranteed payment [...]

In an exciting report, Ford announced that in the first quarter, it earned 2.1 billion in profit.  Recall that only Ford was able to stay out of bankruptcy by selling (at a loss) its European car line (including Jaguar and Range Rover) and thus bulking up its cash position.  It also entered into a huge [...]

With the falling prices on housing, there are more deals to be had overall, but finding the right city/neighborhood is still a challenge.  Here is an article which lists specific houses that are available (with pictures) that are good deals.  Here is one example:
“Rowlett, Tex.
Price: $250,000
Square Footage: 3,670
Bedrooms: 4
Bathrooms: 4
Acreage: 0.21 acres
Priced at $81 [...]

Troubles continue for Greece, where that country’s credit ratings have just been cut (http://www.businessweek.com/news/2010-04-22/greece-aid-fails-to-cut-downgrade-risk-moody-s-says-update2-.html ).  “Eurostat, meanwhile raised Greece’s budget deficit in 2009 to 13.6 percent of gross domestic product from its earlier prediction of 12.9 percent, while the ratio of government debt to GDP stood at 115.1 percent, the second highest in the European [...]

One of my favorite columnists, Ed Wallace, explains in a recent article that America is a plutonomy, which CitiCorp defined in 2006 as: “A political economy, in which economic growth is powered and consumed mostly by a wealthy minority; as such, the economic growth of that society becomes dependent on the fortunes of that same [...]

The Examiner appointed by the bankruptcy court overseeing the liquidation of Lehman Brothers has obtained permission from the court to open the records regarding the sale of Lehman’s assets.  Among other things, it reveals that Lehman had a loss in excess of 1.2 billion dollars after the sale.  “It is the first and only time [...]

While the mood is still up and the Dow (perhaps only amongst markets) is high, everything I read says: Sell.  From the folks at www.elliottwave.com : “the market’s new recovery high … extends the life of the bear-market rally, but the impetus for further gains is clearly waning.  Entire sectors, such as energy and utilities, [...]

 
 
Recall that Mercedes said not that many years ago that it was “merging” with Chrysler – then once all the American born executives at Chrysler were moved out in lieu of German born ones, some people acknowledged that it was more of a purchase not a merger. Then, time passed and car sales declined precipitously [...]

GM lost 4.3 billion in the 6 months after it emerged from Chapter 11 reorganization, which it undertook to fix its debt problems.  One can only respond to the news of GM’s post bankruptcy losses with: “that’s never good.”  One “automotive turn around expert” responded to the news … by blaming the “bankruptcy stigma” … [...]