I’ve long been concerned about the housing market in Australia where prices have rose unsustainably based on their export driven commodities boom and low unemployment.  Delinquencies are increasing quite quickly particularly on the lower quality mortgages and with commodities prices declining the situation is likely to get worse.  At T&T Capital Management we rarely short...Read More

Dish Network (DISH) Chairman Charlie Ergen is rattling the cages of TV networks and advertisers by promoting a technology which skips commercials.  It is not hard to realize why this would be upsetting for the networks and advertisers as it has the potential to radically shake up a very lucrative industry.  Ergen believes that the...Read More

Saturday marks an important day as euro-zone officials and EU finance ministers will discuss how to support Spain.  Spain’s banks need to be recapitalized and the government and at the current borrowing costs Spain must look outside for help.  These piecemeal bailouts do nothing to inspire confidence which is one of the major problems in...Read More

The FHA is looking to sell defaulted loans to investors opening up the opportunity for loan modifications on these loans.  This is a very positive development as there is still a lingering shadow inventory of defaulted mortgages that must be cleared away for the housing market to fully recover.  Pricing is probably slightly less attractive...Read More

While markets rallied initially this morning, they tailed off towards the end of the day as fears of a global slowdown eroded confidence.  I think China’s decision to cut interest rates is very significant and I believe that it is the first of several more cuts to come.  Europe is in a severe recession that...Read More