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Imperial1964 (96.02)

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1

Macroeconomic projections from 3M earnings call

October 25, 2009 – Comments (4) | 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]

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Wells Fargo sues itself

July 13, 2009 – Comments (1) | RELATED TICKERS: WFC

Wells Fargo Bank Sues Itself   [more]

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4

Mean-reversion and why this market isn't really "cheap"

June 25, 2009 – Comments (7) | 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]

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The risk of a double-dip recession

June 10, 2009 – Comments (4) | 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]

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2

The Bull Market--in used tires: Anecdotal observations.

June 09, 2009 – Comments (1) | 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]

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