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Tricky

Tricky
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  • Food prices may be telling us that we're in a very long housing slump, John Carney writes, taking issue with the contention that housing should be thought of as a luxury good that will appreciate as long as incomes rise. Carney finds a long inverse relationship between housing and food prices; so with food prices rising, housing may continue to fall.  [View news story]
    Can't help but wonder if this falls under the old saw "correlation does not prove causation"?
    Sep 8, 2010. 06:29 PM | Likes Like |Link to Comment
  • Why Is HP Suing Hurd? [View article]
    Yep. They aren't even enforceable in business-friendly Texas. PARTICULARLY when the termination was not of a voluntary nature.

    This is a pre-scripted kabuki dance with a predictable outcome.

    HP should have kept him on a "consulting contract" (but for all I know, they offered him one and he refused).
    Sep 8, 2010. 12:18 PM | Likes Like |Link to Comment
  • Housing: The News Is Not Bad, And That's Good [View article]
    j-dub,

    I'm tempted to simply type "things are great because they are not worse than they are" on a Word document and paste that in reply to nearly any CBP posting. That is his recurring justification.

    Does anybody know what his "game" is for this intellectually dishonest misinformation? Just curious.
    Sep 8, 2010. 12:11 PM | 4 Likes Like |Link to Comment
  • Hewlett-Packard (HPQ -0.8%) sues former CEO Mark Hurd for violating confidentiality agreements, one day after he is named president of Oracle (ORCL +5.4%)  [View news story]
    I've been in the tech field as an owner/employer with people in California -- another thing you can see coming a mile away... the courts almost always lean on the side of "a man's got a right to work", even for senior execs of very large companies
    Sep 7, 2010. 09:04 PM | Likes Like |Link to Comment
  • The main reason we're stuck in a trading range isn't the economy, stupid - it's the uncertainty coming from Washington, more money managers are saying. And no matter which party you're for, no one seems comfortable predicting what will happen regarding tax cuts, healthcare costs and the deficit after the November elections.  [View news story]
    Pretty much
    Sep 2, 2010. 06:36 PM | Likes Like |Link to Comment
  • Nervous about market concentration, China may launch an antimonopoly probe into BHP Billiton's (BHP +5.5%) $39B bid for Potash (POT +0.4%), sources say - though BHP says the deal just needs approval from regulators in Canada and the U.S. China buys around 7% of Potash's output.  [View news story]
    Wonder if they'd ever be as concerned about a Chinese-owned monopoly
    Sep 1, 2010. 11:48 AM | 1 Like Like |Link to Comment
  • Rather than build in Mexico as planned, Whirlpool (WHR +3.9%) will make a new plant in Tennessee the centerpiece of $300M in domestic manufacturing upgrades. The world's top-selling appliance maker has been aggressively consolidating and reorganizing North American facilities after acquiring Maytag in 2006.  [View news story]
    Folks can evangelize all they want, but the vast majority of consumers are going to buy products that give them the best value proposition, however they measure that -- either cheapest, or "good quality at good price", there's not one answer, it is different for every customer segment and product.

    But American workers need to have it make economic sense for their employers. That doesn't have to mean dirt cheap, Chinese prisoner wages, but they'd better be highly productive and quit fighting efforts to make them more productive. I don't put the blame on American consumers.
    Sep 1, 2010. 11:42 AM | Likes Like |Link to Comment
  • Rather than build in Mexico as planned, Whirlpool (WHR +3.9%) will make a new plant in Tennessee the centerpiece of $300M in domestic manufacturing upgrades. The world's top-selling appliance maker has been aggressively consolidating and reorganizing North American facilities after acquiring Maytag in 2006.  [View news story]
    "Buy American" campaigns have never worked, it needs to make sense for all parties. I hope this works out well for Whirlpool, so they can serve as a poster child for making manufacturing work in the US again.
    Sep 1, 2010. 11:16 AM | 1 Like Like |Link to Comment
  • The Obama administration proposes new rules for how auto makers advertise the fuel economy of a vehicle, labeling each passenger car with a government letter grade from A to D based on its fuel efficiency and emissions.  [View news story]
    Just to prove my non-partisan credentials -- this is as stupid as the fixation of the Bush Administration agonizing over the color codes for level of homeland security threat
    Aug 30, 2010. 06:14 PM | 4 Likes Like |Link to Comment
  • BP (BP) opted not to bid for a drilling license near Greenland. A BP spokesman wouldn't discuss the reasons behind the decision, but Greenland's premier Kuupik Kleist has made it very clear that the Gulf spill affected his government's approach to drilling and that a company's safety record is key.  [View news story]
    Depends upon how much damage they caused
    Aug 26, 2010. 11:24 AM | Likes Like |Link to Comment
  • Have You Seen U.S. CDS Risk Lately? [View article]
    One thing I always wonder about -- if the US actually defaults, in which case the world financial system pretty much hits the fan, do you really believe the counterparty is going to cover you?

    TIA for any education on that topic.
    Aug 19, 2010. 04:27 PM | Likes Like |Link to Comment
  • Targeting the "unbanked," federal and local governments are once again trying to persuade the 17M Americans who rely on expensive check-cashing services to open their own bank accounts.  [View news story]
    Some fair points in your post.

    What I was getting at is, the reason for some of what we see has NOTHING to do with the government trying to take over our lives.

    Forced direct deposits are because it's a HELL of a lot cheaper to distribute pay electronically than cut checks. I believe that some payroll processors set price to their customers based upon how the pay will be distributed -- so those customers are going to select all electronic, and then force their employees to get direct deposit, to fulfill the terms of the contract for that favorable pricing.

    Libertarianism is good, but sometimes people on SA get a bit whacky :-)
    Aug 18, 2010. 06:05 PM | 1 Like Like |Link to Comment
  • Targeting the "unbanked," federal and local governments are once again trying to persuade the 17M Americans who rely on expensive check-cashing services to open their own bank accounts.  [View news story]
    Oy, not sure why there is need for all the conspiracy theories. These kinds of customers WOULDN'T LEAVE ANY MONEY in the bank, the "banking system" would gain very little extra cash to do [whatever] with. I'm no lover of government, or the Obama administration in particular. But maybe this just is a (however misinformed and ineffective) attempt to try to help these people escape the check cashing fees.
    Aug 18, 2010. 02:20 PM | 1 Like Like |Link to Comment
  • Targeting the "unbanked," federal and local governments are once again trying to persuade the 17M Americans who rely on expensive check-cashing services to open their own bank accounts.  [View news story]
    Oh, and don't forget that the banks charge monthly services fees for small balances... which would apply to just about all these people
    Aug 18, 2010. 12:19 PM | 4 Likes Like |Link to Comment
  • Targeting the "unbanked," federal and local governments are once again trying to persuade the 17M Americans who rely on expensive check-cashing services to open their own bank accounts.  [View news story]
    A big factor is that the banks don't want to put branches in the neighborhoods where these people are. They perceive them as dangerous and not enough opportunity. The check cashing businesses flock to the retail centers near these neighborhoods. So a LOT of this has to do with convenience. They can walk to the check cashing store within a couple of blocks or spend more than an hour waiting for the various buses to take them to the nearest bank branch.
    Aug 18, 2010. 12:18 PM | 4 Likes Like |Link to Comment
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