The key reports this week are April CPI, Retail Sales and Housing Starts.
For manufacturing, April Industrial Production, and the May NY and Philly
Fed man...
Wednesday, January 21, 2009
Financing the Cubs sale IS life. The rest is details
I love it when baseball teaches us how desperately fucked we are
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I don't take his rebuke as an economic lesson. He's got a billion dollars, but the majority of franchise-owners find him to be a butt wad. They hate him more than they like money. Refreshing?
ReplyDeleteThe salient point I think is that he wouldn't have bought the team with that much cash and no one is willing to extend him reasonable level of credit. Something that was valued at $1billion a year ago is today probably a major cash drain at a %40 discount. It aint good.
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