TripAdvisor's $35 Valuation Threatened By Fake Review Concerns [View article]
As someone who has worked in the travel industry, I can absolutely assure you that fake reviews are huge on sites such as Trip Advisor and similar sites. Think about it from the perspective of someone that owns or operates a hotel, restauraunt, or other business that might be featured on a travel site - you'd be crazy NOT to write fake reviews as it's free marketing that's perceived as credible among the great unwashed.
Bernstein: Beware The Profit Recession [View article]
"We’ve seen a substantial increase in corporate profits in recent years thanks in large part to the gigantic federal budget deficit. We know from Kalecki’s work that budget deficits are a primary driver of profits."
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Interesting little factoid. Never heard of this before, but I guess it's not surprising.
Why A Demographic 'Great Sell Off' Will Anchor Down Markets [View article]
Great comment Tom F75. The boomers I've met over the past year or two all seem to think that this is a normal cyclical recession and that the economy will bounce back soon, that better times are just around the corner. They are in for a rude awakening.
This analysis seems to dovetail nicely with those who argue that energy prices are effectively the new fed funds rate - as commodity prices rise, the economy slows and vice versa.
It's nice to see the distinction being made between cost-push and demand-pull inflation, something that's missing from almost all discussions of the topic.
"BTW, I see nothing wrong with a stagnant housing market. First, I prefer that people invest in productive enterprise rather than finite fixed assets such as real estate. People should make their money in productive enterprise and buy houses only to live in. A rational, functional society understands the difference between productive accomplishment and rent-seeking parasitism."
Thanks for posting the population pyramids and mixing it up with a discussion of Fed policies and beliefs.
Those who've spent their lives with their heads buried in economic data are misdiagnosing the fundamental problems. Demographics are not getting nearly enough attention.
Boomers have passed through their peak spending years. They've already bought their houses. Boomers don't have enough money to retire, but they've already bought all the consumer paraphenelia that anyone wants/needs.
Great article. IMHO, oil prices should correct sometime in the next year or two. This would be the result of a China hard landing coupled with weak demand in the developed world. With the Canadian dollar as my home currency, I've moved considerable assets into the US large caps/US dollars in anticipation of the Chinese hard landing/decline in oil price per Chanos, et al. From a Canadian's perspective, this is selling high and buying low. I'm not buying all the hyperbole about the imminent collapse of the US dollar - that's been around for at least 20 years.
TripAdvisor's $35 Valuation Threatened By Fake Review Concerns [View article]
Cash Rich Companies Choosing Stock Repurchases Rather Than Dividend Hikes - Part XIV [View article]
http://bit.ly/JTrpyK
Bernstein: Beware The Profit Recession [View article]
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Interesting little factoid. Never heard of this before, but I guess it's not surprising.
Another Whiff of Biflation [View article]
Why A Demographic 'Great Sell Off' Will Anchor Down Markets [View article]
Why A Demographic 'Great Sell Off' Will Anchor Down Markets [View article]
Profit Margin Squeeze: New Update [View article]
It's nice to see the distinction being made between cost-push and demand-pull inflation, something that's missing from almost all discussions of the topic.
Profiting From The Growing Income Disparity [View article]
http://bit.ly/nNPi9D/
Housing Prices and Demographics [View article]
"BTW, I see nothing wrong with a stagnant housing market. First, I prefer that people invest in productive enterprise rather than finite fixed assets such as real estate. People should make their money in productive enterprise and buy houses only to live in. A rational, functional society understands the difference between productive accomplishment and rent-seeking parasitism."
The Treasury Auction Shell Game [View article]
Where Not to Go if Inflation Is Real [View article]
Housing Prices and Demographics [View article]
Housing Prices and Demographics [View article]
I know this is a gross oversimplification, but think about it in the context of Mr. Goldman's argument.
Overtaken by Events [View article]
Those who've spent their lives with their heads buried in economic data are misdiagnosing the fundamental problems. Demographics are not getting nearly enough attention.
Boomers have passed through their peak spending years. They've already bought their houses. Boomers don't have enough money to retire, but they've already bought all the consumer paraphenelia that anyone wants/needs.
Oil Exposure Through Currencies [View article]