He should propose a plan that cuts spending by $775B and then pump that into the stimulus package. Right now it’s going to be more debt that we have to pay interest on, and it’ll raise the rates on treasuries so we’ll spend more of our tax revenue servicing our debt. Seriously, where do they [...]
“Tribune has stayed ahead of its $12 billion in borrowings with the help of asset sales. Now, however, shrinking profits are tightening the noose.
The company’s cash flow may not be enough to cover nearly $1 billion in interest payments due this year, and Tribune owes a $512 million debt payment in June.
One of Tribune’s most [...]
BOSTON (MarketWatch) — The economy is in the tank, the stock market has been
suffering, it’s no fun dreaming of a tight(wad) Christmas, and yet here we are at
the end of November, supposed to be thankful for the bounty before us.
On the surface, that’s a daunting task. Being grumpy and concerned is easy right
now.
But it’s the [...]
- Crashing prices will help the vast majority of people double, triple, quadruple their standard of living.
- Those who lived above their means by borrowing against assets in the form of mortgages, HELOCs, car loans, leased cars, credit cards, etc, will be knocked down to a much lower standard of living than those who saved [...]
Consumers still haven’t FULLY exhausted their personal credit lines.
I went to the mall this weekend to pick up a friend and was ASTOUNDED to see how many people were BLOWING money on shoes and high end consumer goods.
So, it will only be a matter of time before consumer credit is maxed…and about a year later [...]
Co confirms that it believes its current cash and expected cash flow from operations and committed available lines of credit will be sufficient to meet its currently anticipated cash needs for the remainder of 2008 and for FY09, including cash needs for working capital and capital expenditures for the remaining phases of its current capacity [...]
“HONG KONG (MarketWatch) — The Federal Deposit Insurance Corp. is considering a plan to borrow funds from the U.S. Treasury Department, as its seeks to shore up its finances amid an expected wave of bank failures, according to a published report Tuesday. Funds borrowed from the Treasury would used to cover short-term cash-flow needs related [...]
SAN FRANCISCO (MarketWatch) — Standard & Poor’s Ratings Services on Tuesday
assigned its A+ long-term and A-1 short-term counterparty credit ratings to Visa
Inc. . S&P also raised Visa International Service’s long-term counterparty credit
rating to A+ from A. The ratings on Visa are based on its strong global market
share position, and its relatively low exposure to credit [...]
SAN FRANCISCO (MarketWatch) — Fitch Ratings on Friday raised the outlook on
Coca-Cola Co. to stable from negative and affirmed its long-term issuer default
rating and senior unsecured debt at A+. The company’s short-term issuer default
rating was also affirmed at F1. “The affirmation reflects Coca-Cola’s substantial
cash flow generation, which is due to its high operating margins, its [...]
I’ve noticed that there have been several articles lately on websites such as SeekingAlpha saying that China’s stock market is a bubble, even comparing it to the tech bubble of 1999-2001. I’m not sure *anything* can compare to that bubble, but, opinions aside, I’d like to point out a couple important differences and a [...]
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