Thursday, August 30, 2007

Bubble Troubles Bubble

Freddie Mac profit slips 45% on credit provisions Sure, let them take in more mortgage paper.

H&R Block May Close Loan Business as Losses Double (Update1 The OptionOne deal always had a stench to it

H&R Block May Close Loan Business as Losses Double (Update1 Well, of course it's heightened

Sears Profit Falls 40% on Lower Sales; Stock Drops (Update2) Much of this is Sears specific -- Eddie Lampert is not a retailer... and a guy who can't hire the right people. This is also indicative of the consumer... and a greater interest to make that dollar go further at better run and stocked stores.

Also Wal Mart (WMT) was downgraded to Sell at Merrill Lynch.

Really the big kahuna... the commercial paper market: Warning on US commercial paper. Gartman has been early, way early... but he's right and coming into his element now.

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