Doug Kass
Doug Kass
accused charlie early fired good management market nobody recall wildly
I vividly recall Charlie Clough being fired in early 2000 coincident with the market top. He was wildly bearish. Nobody has ever accused brokerage management of having good timing.
archaic environment figure party pricing seat short third wish
It's an archaic process. It can be done with more rapidity, in a better pricing environment, skipping the third party in toto. I wish I could figure out a way to short seat on the Exchange.
accounting glasses investors treated turned
It's really getting treated with skepticism. Investors have turned in their rose-colored glasses for accounting visors.
decline market weather york
In the downturn I foresee, no market will be immune. But New York will weather the decline better than other markets.
building creative financing five four gotten grown homes inventory months past stretched
The inventory of unsold homes has been building in the past four or five months - which is not surprising, as affordability has gotten stretched and stretched, and creative financing has grown more absurd.
buyers class debt demand plentiful
Debt is plentiful and cheap. There's egregious use of leverage. And you have the introduction of a new class of buyers that artificially buoys demand and inflates prices.