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The Business Insider (TBI) is a business site with deep financial, entertainment, green tech and digital industry verticals. The flagship vertical, Silicon Alley Insider, was launched on July 19, 2007, and led by DoubleClick founders Dwight Merriman and Kevin Ryan and former top-ranked Wall... More
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  • Macy's Reports Weak Sales, And The CEO Says There's No Jobs Recovery In America

    The market doesn't seem to care, but Macy's is delivering some downbeat news today.

    The retailers says same-store sales grew 3.9% in December, which is below the 4.5% growth some had expected.

    For the fourth quarter, EPS is estimated at $1.44-$1.49, which is below estimates.

    Meanwhile, the company's CEO is on CNBC, and talking pretty negatively about jobs in America, namely that he doesn't see any meaningful recovery anywhere on the horizon.

    Meanwhile, there are some other mediocre retail numbers this morning from Urban Outfitters and the Gap.

    Click here fore more on what's happening this morning >



    Read more: http://www.businessinsider.com/macys-reports-weak-sales-and-the-ceo-says-theres-no-jobs-recovery-in-america-2011-1#ixzz1AHr5EFwn


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Tags: M, Retail, Employment
    Jan 06 2:57 PM | Link | Comment!
  • The Single Reason Why The Developed World Doesn't Stand A Chance Against Emerging Markets

    If you were wondering why the world is losing confidence in its developed portion, this chart makes it abundantly clear.

    HSBC have outlined what's going to happen on earth by 2050, and the biggest conclusion is the downfall of the developed world in favor of emerging markets growth.

    Their reason: demographics.

    While the emerging market is experiencing a boom in its working age population, the developed world is seeing their numbers shrink. The U.S. is a notable exception, and continues to chug along with China as the two leaders in global growth.

    But for countries like France, Korea, and the ever-present Japan, birth rates are going to cause serious growth problems in the future.

    Check out more detail on what the world will look like in 2050 >

    chart of the day, developed world demograohics, jan 2011



    Read more: http://www.businessinsider.com/chart-of-the-day-developed-world-demographics-2011-1#ixzz1AHqtLnYw


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Jan 06 2:56 PM | Link | Comment!
  • The Most Controversial Line From Today's Fed Minutes
    As we noted earlier, the most interest paragraph in today's FOMC minutes concerned the fact that rates actually increased post-QE, and within that paragraph there was one sentence that definitely stood out.

    This one:

    A number of participants indicated that, because the backup in rates appeared to importantly reflect changes in investors' expectations about the size of Federal Reserve asset purchases, the backup was consistent with purchases helping to keep longer-term yields lower than would otherwise be the case.

    It got a lot of guffawing, and it sounds like doublespeak, but just because it sounds ridiculous, and just because it's coming from the Fed, doesn't mean it actually is ridiculous.

    Remember, you have various governors discussing the rise in rates. And it's absolutely true -- we heard it on CNBC several times -- that very early in the QE program there was discussion that it might not go all the way to $600 billion, and that chatter did coincide with higher rates and a higher dollar.

    So yeah, weird sound. It also makes perfect sense.



    Read more: http://www.businessinsider.com/the-most-controversial-line-from-todays-fed-minutes-2011-1#ixzz1AB8aA05B


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Jan 05 11:22 AM | Link | Comment!
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