Holiday Sales: A Miracle On 34th Street?
Santa is for suckers. At least, that is the conventional wisdomThe 2008 holiday season was supposed to be the worst in years, or, perhaps decades. Analysts have forecast retail sales ...Read Full Story »
Daily Archives: November 29, 2008
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GM (GM): A Debt For Equity Swap No Answer To Larger Problems
GM (GM) would like to get some unsecured debt-holders to swap their crumbling paper for equity in the failing auto marker. It may appear that this would solve a problem, ...Read Full Story »
OPEC Fiddles While Venezuela Burns
Saudi Arabia says OPEC needs to drop production until oil moves back above $75 a barrel. As the largest member in the cartel, it would seem that the kingdom would ...Read Full Story »
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