The Contagion Spreads If you want to talk viral, let’s talk about the disease of debt that’s spreading. What started out as a portfolio of subprime mortgages going bad is rapidly spreading to any financial sector that touches any form of credit or debt. Last week, First Marblehead (ticker: FMD), one of my company’s partners,…
A funny thing happens when there’s excess liquidity in a financial market, as has been the cases in the past 6 years due to housing. First, a quick primer. Liquidity is any asset that can be converted to cash quickly and with minimal loss of value. A blue chip stock – like Coca Cola –…
With the recent events surrounding imported products from China, such as cough syrup, stationery, childrens’ toys tainted with lead or coma-inducing drugs, mislabeled fish, fish treated with malachite and other cancer-causing drugs, tainted beef, bad radial tires, leukemia drugs, toxic pet food, breakaway hammocks, electrocuting palm tree decor, Craftsman electric saws with flying blades, and…
Jim Cramer’s not known for subtlety, but this was a whopper. [youtube]https://www.youtube.com/watch?v=GY5nfytTQT8[/youtube]
