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December 11, 2007
Overstock: Patrick Byrne. A Bear's Best Friend.
A few more interviews like this one from Overstock CEO Patrick Byrne and naked short-sellers and stock manipulators won't have anything to do:
BYRNE: ... I do think that we are in — I have been saying for about two years we're looking at a 1929 kind of event. I think that we are really in trouble in this country. And what you have seen in the last four months is just the beginning of it.
KEENAN: Wow.
BYRNE: The government has been keeping the economy afloat with flooding us with cheap money. And those days are over. The dollar is cracking. Eventually, they are either going to they have to defend it by raising interest rates or something. But we're looking at a very bad economic situation.
Combine that with a recent CNBC interview, and his company Overstock's stock lost 21 percent in recent days.
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All well and good, but it is a letdown. The Sith Lord, mafia, dead hooker in the trunk, gay bath house comments set the bar high. This is piddling nonsense from a self absorbed light weight.