TUESDAY'S POTPOURRI

CHRYSLER LOWERS CASH BURN

The CEO of Chrysler announced in Europe this morning that Chrysler's cash burn is lower. He said he can't disclose the amount until he speaks with the US government on what he can disclose. So much for Obama's call for transparency.


THE RECESSION IS OVER! THE RECESSION IS OVER!

Dennis Kneale of CNBC recently called "The Recession is over!" He was immediately taken to task by a number of bloggers. Dennis then chose to take the bloggers to task. There have been a number of replies. But this one is really good. Read this reply by The Market Ticker.

The Market Ticker puts recessions are put into two categories, inventory driven and credit driven. Our current recession is credit driven. It lays out in English why the recession isn't over and why you should still be worried. Further, it lays out what the current increase in consumer savings really is - the pay down of debt not the increase in savings and yes there is a difference. You can spend your savings in the future, you won't be able to borrow more to spend.


LONDON LEADERSHIP WORKSHOPS

Gail and I will be in London over the Fourth to conduct a few leadership workshops. I once visited the British War Museum and looked at the exhibit of the American Revolution. Only they called it "The American Civil War". I guess it was from their prospective. Probably won't be any fireworks.


TEN MORE TO BE INDICTED TODAY ON MADOFF SCANDAL

It should be interesting to see how many fit into the following three buckets. 1. Last name Madoff, 2. Individuals who feed investors to slaughter, 3. Firms that made millions giving investors money to Madoff.

The over/under on Madoff's is 2 according to Las Vegas bookies.

FINALLY, Google's Blogger spellcheck doesn't recognize the word 'blogger'. How do things like this happen?


Cheers, Mike