Bear Stearns James Cayne Cashes Out $61 Million of Stock. Insider Transaction.
Friday, March 28th, 2008
I’m tired of talking about this.
Just look for yourself.
http://biz.yahoo.com/t/37/915.html
Archive for the ‘recession’ Category
Double Double Toil and Trouble Dollar Burn and Pop the Bubble
Sunday, March 16th, 2008
Three witches enter.
Job Witch: Ahh. My wage is half it used to be.
Money Witch: My paper is worthless.
House Witch: My home is not my home. Tis my burden now.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Job Witch: Send my position overseas,
ignore my tireless plees, for prosterity,
and other sundries irrelevant.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Money Witch: Make me cheap, pricey to make,
leave shocked consumers, in my wake,
print to death, my soul you take,
as much as you need.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
House Witch: Bring the crooked to my hearth,
show them riches from the start,
job not needed, tax-free cash,
hide the earnings,
in your stash.
All Witches: Double Double Toil and Trouble Dollar Burn and Pop the Bubble.
Shhhh. Hear the crackle. Hear the burn. Hear Uncle Sam’s stomach turn. Shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh. POP!
Another Recessionary Chain Reaction Begins As Chinese Migrant Workers May Not Return To Factories After Chinese New Year Holiday
Saturday, February 9th, 2008
It is becoming more likely that several Chinese migrant workers from the rural areas will not return to factories after the Chinese New Year. Reasons may include one or more of the following:
- Stagnant wages are not meeting inflationary needs in the big cities. It may be cheaper to stay at home to raise pigs and chickens and grow wheat (which is is short supply).
- Workers in Southern China have been on strike for several weeks and may not want to return to uncooperative factory management, in light of China’s new labour law.
- Middle class people in Southern China are competing with working class people from Hong Kong and Macau for the same resources (food, water, medicine, housing).
- Lack of production on the mainland will devastate Hong Kong consumers. Lack of factory/vendor investment will not attract the migrant workers back to the factories. Why?Everyone is playing the stock market.Students are dropping out of school to play stock market. Grandparents are playing the stock market. Parents are playing the stock market.This is an unusually high exposure to “market conditions”, which at some point will decline disorderly when investments banks begin to stop lending money — period. Food is the only thing “produced” in Hong Kong, … well actually it is processed.
Developing…
