Starbucks Gets Bucked By Their CFO

Starbucks Chief Financial Officer, Pete Bocian, is bailing on the over-roasted and over-hyped coffee company. Things must be really going south. Starbucks (SBUX) stock has sunk 59% from over $25 a share this time last year to just about $11. That’s over 20% worse than NASDAQ performance over the same period and over 30% [...]

Pelosi and Reid Are A Danger To Capitalism

Can you believe this shit?  The top two Democrats in Congress are urging Paulson to grant aid to the Big 3 auto manufacturers.   I don’t remember anyone asking the American public about this.  Where is the vote?  What gives Paulson, Reid or Pelosi any right to bail out individual businesses as they see fit? The end [...]

The Death Of GM

This might just be the first of our Big 3 American autos that will go under.  Bloomberg sites that GM has lost $73 billion since the end of 2004 and that it may run out of dinero by year-end without additional funding. American auto manufacturers have been crapping out ugly looking and unreliable cars for the [...]

Election Day Funny

After 57 Days, Boeing Is Back Online

Some of the key deal points reached today between Boeing and the machinist union: 15% raise over four years (sounds fair) Union workers will do the delivery work that suppliers would generally handle (this sounds like bullshit) Maintenance workers can’t get canned if subcontractors are doing similar work (bullshit) The union cost Boeing $10.3 million per day (over $.5 [...]

Iceland Might Declare Bankruptcy

This is crazy…apparently Iceland’s government may declare bankruptcy if it doesn’t get the $2.1 billion in aid it’s asking for. The Fed has been on a tear lately buying up all of Wall Street…seems like the Fed should consider buying up countries as well.  Though I’m not sure what Iceland has to offer…oil?

Nepal Royal Family Is Royally Screwed

This is almost too good to be true.  The government run electric company of Nepal is hitting the ex Royals with some good old fashioned collection muscle. Apparently, the ex Royals haven’t paid their electricity bills in years and have 15 days to make good before they lose power to their plethora of mansions and summer [...]

Corporate Bonds Looking Hot And Sexy

If you’re a Treasurer who feels like making some ballsy moves in the market, you should give corporate bonds a look.  With a flight to safety and high quality investments, corporate bonds are offering some serious “equity-like” returns, says UBS.  Yes, there is risk…but you have some very big names like Citi, AMEX, IBM and [...]

The Nostradamus of Finance

Have you heard of Dr. Doom…ahem, I mean, Dr. Nouriel Roubini? This guy is the grim reaper of economics…and his predictions have been spot on. Try not to shit your pants when you read his latest forecast for our economy…it will have you stocking up on water, food and ammo. Does Costco sell ammo? Yikes!

Accountants Always Have Jobs

Accountemps just released unemployment rates for accounting related fields and the news is good (at least the stats Accountemps wants you to see are good). The U.S. unemployment rate currently stands at 6.1% and the rate for accounting related fields is a helluva lot lower. The accounting field is highly industry agnostic. Great markets, [...]