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  1. #351
    Sophomore Caf's Avatar
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    Quote Originally Posted by Masterofreality View Post
    Yeah, and it seems that the experts are not concerned over these alleged "cracks". #24K
    Is that why the Fed is bending over backwards to express flexibility?

    Anyone have anything to say about GE? The stock has been on a tear, but the financials suggest it's on the cusp of getting a junk rating.

  2. #352
    Voice of Reason Masterofreality's Avatar
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    Quote Originally Posted by Caf View Post
    Is that why the Fed is bending over backwards to express flexibility?

    Anyone have anything to say about GE? The stock has been on a tear, but the financials suggest it's on the cusp of getting a junk rating.
    GE is a mess with a gigantic debt load. The recent small stock recovery, NOT a tear, is pure speculation based upon the thought that they'll sell their highly profitable jet engine business and Nothing to do with the overall economic conditions. WSJ had a very detailed analysis of where GE as a corporation went wrong over the last few years, about 3 weeks ago. There have been some very bad moves, many having to do with the hubris of the management establishment (Immelt to Flannery) and the stubbornness of going through with a very poor company merger/acquisition that has trashed GE stock. I used to be a shareholder, but was also told all about this a while ago then sold at 22. GE is a huge shambles. Do NOT buy at least until this outsider Culp, a rarity for GE to bring somebody in from outside the culture, shows concrete signs of progress.
    "I Got CHAMPIONS in that Lockerroom!" -Stanley Burrell

  3. #353
    Voice of Reason Masterofreality's Avatar
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    One last thing on GE. Do. Not. Buy.
    F16767C1-74CC-4B25-9AA7-0545530265BE.jpg
    "I Got CHAMPIONS in that Lockerroom!" -Stanley Burrell

  4. #354
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    Their leverage ratio is over 4. One has to wonder why they haven't been downgraded further. They are not investment grade. Maybe more rating agency non-sense.

  5. #355
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    Modern-Monetary-Theory-and-Policy - AEI

    MMT or Modern Monetary Theory is becoming all the rage it seems. Democratic socialists are on it like white on rice. I also wouldn't be surprised if Trump became a supporter of it given his approach to the Fed. Some way off, but I think this is where people and eventually Central Banks are headed.

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