The Fragility of the Economic System

I watch the Bozo Business reporters on CNBC and Fox. Mostly CNBC early in the morning and during lunch. They're pretty much cluess and I don't mean that in a nice way. Here's an excellent example of this. Follow the link and watch the video. It contains interviews with Peter Schiff on various news programs. The video was floating amongst the traders.
Trader Talk

Here's an interview with Nassim Taleb and Benoit Mandelbroit on the economy. They're very worried about what will happen.

Read more by Taleb at his website Fooled by Randomness. I've read his book The Black Swan, but haven't read the book Fooled by Randomness.

I'm in the process of reading Mandelbroit's book The (Mis)Behavior of Markets.

Circuit City and Bonuses

Here's a good post about cutting top sales people and having to pay bonuses to senior management to get them to stay on. The basic point is that Circuit City fired its top sales people. Their sales are horrible and stock is dropping fast. They're now paying bonuses up to $1 million to keep their executive management.

Of course management isn't going into the store to sell things. It sounds like they're trying to make themselves more appealing as an acquisition target. Keep management around and someone will come along and buy. Why would you buy them unless it's for the property and maybe the brand? CompUSA is out of the picture now. Best Buy will probably rule the retail electronics business.