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- Pacific Sunwear F3Q08 (Qtr End 11/1/08) Earnings Call Transcript
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CaptBob
198 Comments
Is This a Recession? Wrong Question.
Lets simply crank up the presses any mail everybody "money from Heaven"!! Do you suppose we can just do that forever???
Do you suppose big Hank would approve?? I think I'll tell him!!
An idea worthy of Bankers Row where credit makes all dreams come true.
The U.S. Dollar: A New Accord
Housing, banking, exports everyone is clambering for a rate increase so they can leave on vacation just like Congress. Something will collapse all right but it won't be oil.
At this late date I really would wonder if Beneficent Benny would start unwinding all his recent brilliant moves to save his Banker Buddies---But---wait a minute---He's reaching for one of the heavy darts!!!. Get out the Survival Gear!!, I fear another Benny Bullseye!!
The US Dollar Elevator is Going Up!
When the pigs are not only flying but landing on strips paved in gold, and the Airlines take $50 off your ticket price for every extra bag you bring aboard.
How Is GM Still Alive?
And the U.S. auto Mfg's won't make and fuel a car themselves that will get you home when the oil is gone.
Sounds like a holding hands--off-the--cliff, Lovers-Suicide-Pact to me.??
Toyota Tinkers With Baby Segways
Testing in a Japanese Seaside resort will get more riders than Wal-Mart's.--I'm afraid consumers will be a little thin over here in 2009.
And spending money to avoid what little exercise one derives walking around spending more money sounds like--just what the American loves,--but may have to sacrifice with a "give up".
Also note: The pics don't show the package trailer this thing will have to pull around to be a success here. Baby rack would be nice too. And cup-holder a must!! In fact we could probably bury that thing with so many fox-tail options, the battery would go flat just holding them up!.
Crude Reality: Big Oil's Purposely Restricting Supply
Were I a Big Oil Exec and had scrimped and saved through 6 years of College, put in years tramping the wilderness, living in tents, more office years of 12hr days. Had to be away for months on end, flying around the world trying to talk sense to a pack of unwashed Bedouins.
Were I all that and I was just awakened last night at 2AM, by my new neighbor, who having partied all night was bringing the nights Trophy's home is his Streach Purple Pimpmobile.
And I realized the American Public were rolling over for more millions to be entertained by this "Artiste" than I was making.
And knowing his "Major" sacrifice was cutting the 5th grade to shoot hoops, thereby missing English, and having to talk like an illiterate Hip-Hopper to the public two or three times a week.
Were I in this position--I don't think I'd find any sympathy if you had to go to the game on a bicycle,- until the picture changed.
California, New York Facing Fiscal Crises, Cuts Inevitable
The Gov. should have to "work" for his goals, not just achieve them with the stroke of the pen.
Therefore the Capitol steps should be painted with a Pay scale, starting with minimum wage at the first step rising with each step to the Gov. at the top.
Each employee who wished to contest or appeal his pay cut could bring in one Illegal Mexican who Arnold would toss from the top and where he landed would establish that employees pay level.
No women or children would be allowed since they're smaller and sail further. Also fat lazy ones would be rejected as a fair offset.
Also in the interest of fairness a scale at the top would assign a pound/step ratio handicap.
Employees bringing in ones with criminal rap sheets, Junkies and Gang Bangers would also get a 5 step bonus raise.
The savings in deportations would go a long way towards alleviating the pay cuts.
In the interest of humane treatment, a line of Ambulances at the bottom would afford the Toss-ees the latest medical care, splints and pain killers on the drive to the Border.
As Jobs Decline
As in bygone days, when you really need this info to hit the target, a great deal of "Kentucky Windage" being applied identifies the true marksman.
As with everything else, throwing more dollars at it will be a big help.
I wonder how many of those 25,000 new hirees are at this moment holding wet fingers to the wind to gauge a 4% inflation hurricane.
Leasing and the Big Three Automakers
That age is gone!, There is no liquidity left to fund it. All that is left is a great contaminated pool of pollution akin to the love canal but composed of noncollectable debt rather than toxic waste.
It will take some time to clean up, longer to recover completely, and the poor credit scarred American consumer may wear the "Stigmata" for life.
Oh-well, first it's pay back time, then both ends of the economic-(loan/borrow)... see/saw will equal, then at long last, we may-(be forced to)--become a saving nation.
Jeremy Grantham: Global Incompetence Is 'Officially' Scary
When faced with a choice of dinner or feel-good speeches even the illiterate masses of America will vote.
And; They may even learn to discern between the hard choice of truth--Ron Paul-who under the present game plan is sidelined to obscurity and the Obamanable song and dance man that so captivates them today.
Maybe a little --hunger, the great motivator--will work.
All About Investing in Agricultural Land
One law that will never be repealed is that of supply and demand. And on a planet with the increasing population of ours the demand for food can only increase proportionately.
Jeremy Grantham: Global Incompetence Is 'Officially' Scary
If we're willing to clench our teeth, close our eyes and undergo the ritual and pain of catharsis. There will be no better opportunity to cast out the profiteering, non accountable Pseudo economists composing the Federal Reserve.
Return the responsibility and accountability to our elected officials which they have cravenly abdicated. And adopt a monetary policy as it was meant to be from the beginning.
Return our currency to a "Gold Standard" or other such backing which will remove the ability of the larcenous, the incompetents and the political opportunists from plundering the economy of an otherwise healthy state.
And thereby remove all reason, and possibility of a repeat of our present economic abomination.
Slow Start for Lithium-ion Hybrids
In E-cars its ampere-hours and weight. And lithium has the gold medal in both. The only drawback is initial cost--but hold on--did someone just say oil is going up!!--Again??
U.S. Oil Production Today Same as in 1948
Well anyway let's drill some more, maybe these will produce forever, and alternatives will just become a bad dream.
A short term cushioning is OK but it should take second billing to an alternative more permanent fix, electric, bio diesel etc.
If the ratio now in cars/ per-barrel produced was the same as 1948 we'd all jump for joy. Don't make too much of coincidental numbers.
The Dollar, Oil, Labor, and the FOMC
I suspected it-just didn't have really hard info-now let's all join hands and go whistling off into a future made dark with NO oil.