“The market is paying me to do a no-income-verification loan more than it is paying me to do the full documentation loans,” he said. “What would you do?” [more]
Could it be that the much-hyped Second Life is nothing more than a giant Ponzi scheme, predicated on cybersex and virtual gambling? This article (http://rando...fe_revo.html) makes a pretty interesting case that Second Life is a good old-fashioned Ponzi scheme, which suggests that corporations clamoring to look hip by entering the virtual world have no idea what they're getting involved in. The "Hey, look at us! We play in here, too!" crowd reportedly includes IBM (NYSE: IBM) Nike (NYSE: NKE), Sony (NYSE: SNE), Sun Microsystems (Nasdaq: SUNW), ABN Amro (NYSE: ABN) and others. Could the press, stumbling over itself to be the first to give us a glimpse of the new, new future, be missing the forest for the trees? [more]
Look what the operators of Conversion Solutions Holdings are spinning as their latest scheme:
Why this farce is allowed to trade, I have no idea. The SEC should have shut the entire operation down, instead of letting it go on to lure in a new batch of suckers.
Its making great progress on its high-tech manufacturing plant in... [more]
Warning: This addled dreamer ran a public company.
And may do so again.
Wouldn't that be scary?
Interesting to see Europe wake up and smell the real monopoly: Apple (Nasdaq: AAPL), iTunes, and the "Fairplay" DRM. The Norwegians hate it. ("Illegal" is the claim.) So, too, their Scandinavian cousins, the Swedes and the Danes. Ooh-la-la, don't forget the French, and now the Germans. [more]
I love a lot of what Matthews writes. [more]
Is this how Lennar (NYSE: LEN) hopes to ride out the housing-glut rut -- by soaking previous customers with infrastructure taxes? Let's see: Build too much, and you fail to sell everything when the bubble goes "pop," so you punish the people who helped you out and took the inventory off your hands in the first place? Why should the residents of a half-built complex shell out for infrastructure Lennar deems necessary? [more]
or that, at the very least, they deserve to be flogged and keelhauled... (http://en.wikipedia.org/wiki/Keelhauling) [more]
Really, I'm most proud of the Godzilla soundbite.
Seriously, there is a business story here:
Key bit: “The biggest problem is razor burn,” said Stormy Daniels, an actress, writer and director.
After all, they have it so tough.
Chop workforce, give self more money. Genius.
Anyone wonder why shareholders are edging toward the knife drawer with crazed glints in their eyes?
Just listen to the CEOs!
There's a good article pointing out the goofiness.
I'm always amused by the screams from the anti Internet Explorer camp about how much safer Firefox is than IE. [more]
I'm hearing that beginning today, we'll actually get divvy-adjusted returns on our picks (and the S&P) in our caps portfolios.
This is good, as we'll no longer be gimped if we choose great stocks like CHKE, which has powered to nice capital returns over the past year, and also tacked on 6-7% in dividends that were previously ignored by Caps.
January is stalking awareness month: (http://www.ncvc.org/src/Main.aspx) [more]
Stupid liberal media consipracy!
Turns out his "director of social media" is guilty as charged, and IS the guy behind the libel-factory, antisocialmedia... He's even finally admitted it, mostly, it seems, because he had no choice. [more]
Got this email today from MN1, a stock-promoting website featuring "news" on penny stocks and rent-an-analyst reports by some guy named "mike." He's the one who was shilling Manchester Inc, was involved with Rufus at Conversion Solutions, has let Patrick Bryne rant on about the conspiracies, and other utter nonsense. [more]
If you haven't seen these, you should take a look. [more]
I know this doesn't surprise anyone here.
I find enthusiasm for the whole "soft landing" theory for housing to be quaint, cute, and potentially devastating. Our head-in-the-sand society continues binge spending fueled by borrowed money, while the Fed's open taps on money fueled inflation which it didn't bother to truly measure (core inflation, HA!) much less heed. [more]