Caribou Coffee (CBOU):
Cytec Industries (CYT):
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
(Note: I got up at 4 in the morning and managed to put some posts together in advance of the day so you good people actually had some content from me! Enjoy……..)
Astoria Financial (AF):
Margaret Thatcher once famously said that 'the trouble with socialism is that eventually you run out of other people's money'. She was talking in a world much more centered around sovereign nations than the current one though, and there are therefore two modern solutions to this problem that she wouldn't have considered practical or even possible (or sane).
The first of those solutions is for governments to implement deficit spending and borrowing on a scale previously unknown except in wartime. At the same time central banks make this easy to finance by pushing interest rates down to almost zero, and cushion the market impact of this new sovereign debt reaching the bond markets by printing enough money to buy the new bonds themselves. In effect this is theft on a grand scale from anyone with savings in cash, pension funds or bonds, but it keeps the show on the road a while longer: