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Posts by deepitm

I know this is out of season, but some pretty good prices on Gran Sasso sweaters on Barneys Warehouse for Memorial Day Sale (additional 50% off a lot of these items). Also decent prices on John Smedley sweaters from Jules B with a pretty good size run and free shipping to US.
Throwout bearing went bad in my M3. Was a $1350 repair job.
Is soft retail a leading indicator? My thinking was always that retail spending was not predictive. In '08, you didn't see the massive sales until November, after the market had already crapped out and the bailouts, TARP, etc. were happening. The mortgage market was getting bad in early '07. Mortgage related companies started to tumble then. Banks didn't start to blow out until early '08 (Bear Stearns), Lehman not til the summer, Merrill the fall.
Just to be clear, housing is only a function of foreign money in certain markets. But by and large, housing has been a function of easy money for the last 7 years. Monetary policy in the United States (and abroad) is decimating people who save cash and rewarding people with risk based assets (stocks, cars, art, housing, etc.).Cheap money means people can buy far more house with a fairly low monthly mortgage. Go try and buy a house. See what kind of luck you have in this...
Retail is bad right now. Most retail earnings have been horrendous. Lots of excuses in the earnings reports (Amazon competition, weather, etc.), but it remains a very difficult landscape right now. I agree with you, retail makes it seem like things are recessionary. And yet, at the risk of sounding like a conspiracy theorist, the government economic statistics are "good."
It's like they just couldn't resist the pun, regardless of how bad the business proposition was.
Never heard of it. Really an awful looking redesign. So awful. Is there any taste in the Middle Eastern car market at all? That is a serious question. All the highly covered media indicates no, but I have only spent limited time in London where a lot of it is taking place and literally no time in the entirety of the Middle East.
ebates doing 15% off a lot of places right now for their anniversary. pretty good kicker.
I was in Scoop NYC this weekend (the Rush St location in Chicago) and they said all their stores are closing. Discounts were pretty whack thus far and everything was final sale, but who knows? Could get good for you or your lady.
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