Lowe’s Co: “We Certainly Do Feel Better…”

Earlier in the week, Lowe’s Cos. (LOW) said in the third quarter it saw improved sales in several major big-ticket categories, including major appliances and flooring projects.

Same-store-sales declines for Lowe’s progressively moderated as Q3 advanced, with October same-store sales only dropping 5.6%, following a 7.9% decline in September and an 8.7% drop in . . . → Read More: Lowe’s Co: “We Certainly Do Feel Better…”

Daily Quips for November 19, 2009

Given the massive volume of ridiculous news stories revealing the travesties occurring in this country on a daily basis, I have decided to start regularly posting my thoughts on selected pieces each day. I will continue of course to produce lengthier more substantive pieces as well.

Without further ado, I present today’s Daily Quips:

. . . → Read More: Daily Quips for November 19, 2009

The Problems of Big Banks

I wrote an article in Financial Express titled The problem of big banks. On this subject, also see:

In the world of banks, bigger can be better, Charles Calomiris in the Wall Street Journal. A three-way split is the most logical, by John Gapper in the Financial Times. Narrow banking is not the answer . . . → Read More: The Problems of Big Banks

Barack Obama is Ensuring a Prolonged Depression

President Barack Obama’s success as reflected in the recent gubernatorial races appears ever more staked on the state of the economy. Unemployment recently reached 10.2%, though the more honest measure of U-6 shows the nation running unemployment at a Depression-like 17.5%. In response to these numbers, Barack Obama has said that “I will not . . . → Read More: Barack Obama is Ensuring a Prolonged Depression