Seeking Alpha

Papaswamp

Papaswamp
Send Message
View as an RSS Feed
View Papaswamp's Comments BY TICKER:
Latest  |  Highest rated
  • Bracing for Friday's Jobs Report [View article]
    Unemployment number totals:

    Continuing : 4,787,291, vs. last year 3,652,990
    Extended Federal Program: 597,688 vs. 33,125 last year
    EUC 2008: 3,859,553 vs. 777,393 last year.

    Totals continuing and extended: 9,244,532 vs. 4,463,508.

    hat tip to irishscot2 on MW
    Dec 3 09:24 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -5K to 457K vs. 485K expected. Continuing claims +28K to 5,465,000.  [View news story]
    Remember folks...it was a much shorter week (by 2 days!!!)

    the EUC (extended emergency beneis) number jumped by 265,300 to 3,859,553!!!

    Yikes.
    Dec 3 09:00 AM | 2 Likes Like |Link to Comment
  • Bracing for Friday's Jobs Report [View article]
    With a huge number of same store sales down, don't expect much hiring. Companies won't hire if no one is going to the store.

    Plus remember it was a much shorter week.
    Dec 3 08:51 AM | 2 Likes Like |Link to Comment
  • SAIC Motor, China's top automaker, and GM are reportedly close to an agreement on a 50-50 JV to produce and sell vehicles in India. GM will also sell a 1% stake in its Chinese passenger-car venture to SAIC for $84.5M, a source says.  [View news story]
    Extremely smart move by GM to start to get out of the US market for the next big consumer based economy.
    Dec 3 08:30 AM | Likes Like |Link to Comment
  • Nov. same-store sales (actual vs. Briefing.com estimate), update #1:
    ARO +7% vs. +10%.
    APP -11% vs. -3%.
    BKE +1.4% vs. +4%.
    BONT -6% vs. +1%.
    COST +6% vs. +8.2%.
    HOTT -11.7% vs. -7.9%.
    LTD +3% vs. -2.3%.
    PLCE -13% vs. +0.8%.
    SMRT -7.2% vs. -6.5%.
    SSI -12.5% vs. -5.3%.
    ZUMZ -8.5% vs. -8.1%.
    10 misses, 1 beat.  [View news story]
    Dillards same store sales down 11%
    Gap same store sales: flat
    American Eagle same store sales: down 2%
    Macy's same store sales: down 6.1%
    Abercrombie & Fitch same-store sales down 17%

    Yea the economy is recovering...
    Dec 3 08:08 AM | 2 Likes Like |Link to Comment
  • From Fred's (FRED) same-store sales release: "More than in past years, consumers seem to be delaying purchase decisions until later into the season. As Christmas nears, our stores are well stocked..."  [View news story]
    Think they are delaying or just not going to buy?

    I have heard a huge number of families (still employed) state they are not giving gifts this year (adults). Of course those unemployed will either be extremely frugal or not show up at all.
    Dec 3 08:00 AM | 2 Likes Like |Link to Comment
  • Nov. same-store sales (actual vs. Briefing.com estimate), update #1:
    ARO +7% vs. +10%.
    APP -11% vs. -3%.
    BKE +1.4% vs. +4%.
    BONT -6% vs. +1%.
    COST +6% vs. +8.2%.
    HOTT -11.7% vs. -7.9%.
    LTD +3% vs. -2.3%.
    PLCE -13% vs. +0.8%.
    SMRT -7.2% vs. -6.5%.
    SSI -12.5% vs. -5.3%.
    ZUMZ -8.5% vs. -8.1%.
    10 misses, 1 beat.  [View news story]
    As I stated in another comment... When does unemployment become a leading indicator? Looks like maybe sooner rather than later. Some seriously big misses.
    Dec 3 07:58 AM | 2 Likes Like |Link to Comment
  • Employment Report Preview: Lagging Indicator for Investors [View article]
    At what point does unemployment become a leading indicator?

    With 70% of the US economy domestic consumer based, and the number of employed continues to shrink. When, those still employed become more frugal, cautious, decide to de leverage their debt instead of buy or just plain panicked, does it impact the economy?

    I believe we are very close to, if not reached, that point.
    Dec 3 07:45 AM | Likes Like |Link to Comment
  • Bank of America's (BAC) TARP exit plan: Use $26.2B in excess liquidity and $18.8B from sale of "common equivalent securities," along with asset sales to increase equity by $4B. The deal was largely engineered by Greg Curl, the chief risk officer and a candidate to replace Ken Lewis as CEO. BAC now +2.9% AH.  [View news story]
    So that is why we are #1 in external and internal debt with a doubling in 10 yrs..

    We'll be just like Japan soon.


    On Dec 02 07:04 PM bbro wrote:

    > American Taxpayer has been a big winner ......system saved ...and
    > got
    > paid with interest....how many other government boondoogles can say
    >
    > that....
    Dec 2 08:45 PM | Likes Like |Link to Comment
  • Research firm TrimTabs makes the case for its job-loss numbers being more accurate (higher) than the government's.  [View news story]
    Ouch!

    Why doesn't BLS estimate using this system?
    Dec 2 05:32 PM | Likes Like |Link to Comment
  • Key next steps for the FHA, from HUD Secretary Shaun Donovan's testimony (.pdf): focus on enforcement, reduce maximum seller concession to 3%, raise minimum FICO scores, increase up-front cash for the borrower, and increase insurance premiums. (via)  [View news story]
    What's left of the housing market should come to a stand still when this gets implemented.
    Dec 2 04:34 PM | 2 Likes Like |Link to Comment
  • D.R. Horton: Did Anyone Actually Listen to the Call? [View article]
    Here in NE Florida...building of new homes has come to a screeching halt. I'm waiting to see if any of the big developers go under...I have no idea how they have held on this long.
    Dec 2 04:28 PM | 2 Likes Like |Link to Comment
  • Goldman Sachs' (GS) bullish take on the global economy: 4.4% growth in 2010, and 4.5% the year after. Among the firm's "top trade" recommendations: Buy the pound against the NZ dollar, buy Russian equities, and go long credit protection on Spain - and short protection on Ireland.  [View news story]
    This coming from a business that needed to be bailed out.....
    Dec 2 01:56 PM | 2 Likes Like |Link to Comment
  • Morgan Stanley Says U.K. Could Face Fiscal Crisis in 2010 [View article]
    Wow SINUS is one angry dude.
    Dec 2 01:44 PM | 1 Like Like |Link to Comment
  • It's Silver's Turn to Shine - Peter Grandich [View article]
    Now that would be interesting....though I suspect panic would ensue. Not until riots start will gold be seized.


    On Dec 02 11:27 AM ManAboutDallas wrote:

    > Count on any gold-mining company operating in the United States to
    > be nationalised and confiscated, along with gold itself, as The Ghost
    > Of FDR returns for an encore performance.
    Dec 2 12:12 PM | Likes Like |Link to Comment
COMMENTS STATS
2,195 Comments
3,848 Likes