There Will Be No Double Dip — It Will Be a Lot Worse
Aug 16, 2010

Matterhorn Asset Managements founder and stock market guru, Egon von Greyerz, wrote the following article today. It’s lengthy but required reading for those that really want to understand what’s about to happen, both in the US and globally. It’s rare when I agree with everything that someone else writes and predicts, but that is essentially the case here.

A couple of important observations before the article. One; the most important, market sensitive stocks that I follow…those that give me a heads up on the markets future direction…have broken down on a technical basis. Bank of America (BAC), Citigroup (C), General Electric (GE), Goldman Sachs (GS),…

Reality

By Kip Herriage
Aug 11, 2010
When stories like this (see below) hit the mainstream press, in this case Reuters, you know that things are bad. Reality is setting in for many residential home owners, and price cuts are picking up speed. This is the beginning of the next leg down in housing, and will only be exacerbated when the shadow inventory, which could amount to as many as 5 millions homes in foreclosure, finally begin to be seized by banks.

The Obama administration has given banks a free pass on their mortgage holders that have stopped making payments, in some cases for more than 2 years. In addition, and this is the point that really spells out…

Buying or selling a business isn’t something most people do every day and represents a major financial and emotional investment. 

I have helped many people both buy and sell businesses in a range of industries. Selecting the right opportunity is not easy and I have put together a brief Guide to buying a business and I am offering a FREE 30 minute telephone consultation for anyone who would like some advice on buying or selling their business. 

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Guide To Selling A Business