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Deleveraging Continues

As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.

-Minyan Jim

Retail Roundup: Good Month For Specialty

Jeff Macke Apr 12, 2007 11:40 am


	Sifting through March's Same Store Sales numbers.

March Same Store Sales came in today. Check 'em out, along with some snarky commentary below:


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Position in JWN

Jeff Macke is a founder and president of Macke Asset Management (MAM), where he also runs Buckshot Capital, a hedge fund. Jeff welcomes your comments and/or feedback at macke@minyanville.com.

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