22 search results for "dead-cat bounce"

David Stockman – Bernanke’s (Untough) Love Child: The $27 Billion Affair At The Hilton

by David Stockman •  • Comments Off on David Stockman – Bernanke’s (Untough) Love Child: The $27 Billion Affair At The Hilton

The idea that LBOs carry massive debt that is never paid down, leaving behind “financial zombies on the ragged edge of insolvency,” defies historical principles of LBOs, writes David Stockman. Blackstone’s LBO of Hilton Hotels is one of these “free market defying zombies” – “one global business slump away from bankruptcy.” And it just filed for an IPO.

Japanese Prime Ministers Ugly Popularity Contest

by Wolf Richter •  • 4 Comments

Can your approval rating drop to zero? That must have been the question Japanese Prime Minister Yoshihiko Noda was brooding over as he digested two polls taken over the weekend: his approval rating had plunged 15 points from a month ago, to 19%, his lowest rating yet. Clearly, the yakuza scandal didn’t help.