October 25, 2009 –
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RELATED TICKERS: MMM
So the continued $64,000 question on everybody’s mind is ‘where is the economy going?’ Whenever I get excited about our progress, and we’ve seen huge progress in new products and market penetration, I remind myself of Keynes’ view, which I quoted to you last quarter, in that there will be no sustainable recovery without natural improvements in aggregate end market demand. The question remains, ‘where will it come from?’ [more]
July 13, 2009 –
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RELATED TICKERS: WFC
Wells Fargo Bank Sues Itself [more]
June 25, 2009 –
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RELATED TICKERS: SPY
Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system and it is not functioning properly." -- Jeremy Grantham [more]
June 10, 2009 –
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RELATED TICKERS: SPY
I believe the chance of a double-dip recession is moderately high based primarily on the direction of interest rates and the government running out of ways to effectively deal with the situation. [more]
June 09, 2009 –
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RELATED TICKERS: GT
On the way home from work today I stopped to pick up some used tires. The used tire shops were all busy, but I couldn't find two matched tires to fit. [more]