Unending doping stories aside, Wall Street (Hedge Funds, Bankers, Mortgage lenders, brokers, e-brokers, global credit markets) is presently in steep free fall.
This free fall of 'mark-to market of junk securities', lack of trading of commercial paper at par, freezing of CMO liquidity, has lead to a credit freeze. Consumers function on credit.
No credit, means no:
car purchases
Condo sales
Home sales
Home improvement sales
HD TV tickets
Hotel bookings
Restaurant meals
marketing budget cuts
cycling related sales
Team Discovery non-renewal
No Chris Horner renewal
Look for a smaller, lower paid peleton in 2008. T-Mobile may dominate as they appear financially commtted to the Bjarne Riis, Erik Zabel, Jan Ulrich, Patrick Sinkewitz cheater program.
Look for Trek Bicycles and the Chris Carmichael CTS sales to fall off a cliff. Even Amgen announced layoffs today on flagging Aranesp sales. (FDA said onchology docs tend to overdose chemo patients on it)
It had to happen eventually, Lance's crimes must be paid for in cow blood.
This free fall of 'mark-to market of junk securities', lack of trading of commercial paper at par, freezing of CMO liquidity, has lead to a credit freeze. Consumers function on credit.
No credit, means no:
car purchases
Condo sales
Home sales
Home improvement sales
HD TV tickets
Hotel bookings
Restaurant meals
marketing budget cuts
cycling related sales
Team Discovery non-renewal
No Chris Horner renewal
Look for a smaller, lower paid peleton in 2008. T-Mobile may dominate as they appear financially commtted to the Bjarne Riis, Erik Zabel, Jan Ulrich, Patrick Sinkewitz cheater program.
Look for Trek Bicycles and the Chris Carmichael CTS sales to fall off a cliff. Even Amgen announced layoffs today on flagging Aranesp sales. (FDA said onchology docs tend to overdose chemo patients on it)
It had to happen eventually, Lance's crimes must be paid for in cow blood.
