Prudent Bear - Bear's Lair

They Don’t Make Companies Like They Used To

The greatly increased corporate mortality has now been internalized in management practice.

Leveraged buyouts incentivize dodgy negotiating and financing tactics. “Gentlemanly capitalism” is far more economically efficient.

Its track record suggests Norwegian levels of self-discipline and probity do not come naturally.

There will probably be three major tax increases.

The Mayan prediction is beginning to seem remarkably accurate: the chance of a system-destroying financial breakdown in 2012 is substantial.