Restaurants appear poised to raise prices to keep pace with grocery stores. U.S. consumers paid 2.6% more at eateries in September Y/Y, while food prices at supermarkets rose 6.2%. If people go to the supermarket and see that the items they’re purchasing are higher, then they're less likely to be surprised if restaurants are raising prices too, so the rationale goes. [View news story]
When the retirees give up the early bird specials because interest income is zero and prices keep going up all the pundits will wonder what happened.
Barnes & Noble (BKS +5.8%) rose today after The Digital Reader's sources confirmed the company will ship the next-gen version of its Nook Color on Nov. 7, a week before Amazon (AMZN) begins shipping the Kindle Fire. B&N shares have strongly underperformed the S&P since Amazon's September Kindle announcements. [View news story]
Under Performed the market? B&N should be in the grave.
Tesla Motors (TSLA +3.9%) rose today after CEO Elon Musk told Bloomberg TV his company has sold out next year's 6,500-unit production run for its Model S sedan, and that Tesla, which has posted losses ever since it went public, should turn a profit in 2013. [View news story]
Restaurants appear poised to raise prices to keep pace with grocery stores. U.S. consumers paid 2.6% more at eateries in September Y/Y, while food prices at supermarkets rose 6.2%. If people go to the supermarket and see that the items they’re purchasing are higher, then they're less likely to be surprised if restaurants are raising prices too, so the rationale goes. [View news story]
I hope these price increases are only "transitory" or Ben is going to look foolish.
While it’s a good sign that some big banks have blinked, opting not to follow Bank of America's (BAC) lead in introducing new debit card fees, it will take much more for them to fully grasp that their mission should be to delight their customers more than their shareholders, Steve Denning writes. Banks "need to change the way everybody in the organization thinks, the way they speak, the way they act." [View news story]
Customer Service? Thay don't know what it means. I mean at the senior levels because, while not now a customer, when I dealt with local people in the past they were always very good.
An ironic footnote to the SEC's punishment of FINRA over document-altering: The current head of the SEC - Mary Schapiro - led FINRA at the time of the alleged transgressions. A SEC spokesperson says Schapiro wasn't involved in the enforcement action. [View news story]
You can't make this stuff up. When Schapiro is done in Washington she will go back to Wall Street. Must keep the doors open, you know.
Italian PM Berlusconi blames the euro for the attack on Italy's debt, calling it a "strange" currency and saying "nobody believes in it." He'd prefer the ECB had powers like the Fed to push a button and make situations like the one Italy is facing go away. Don't we all. [View news story]
What is this guy talking about? If he doesn't like the marrage he is in, get out of the EU. Easier said than done though. I still maintain this whole mess won't end well.
A deal is done in Europe, but what about the debt in the U.S.? Americans need to save more, Stephen Roach says, but Fed "repression" is penalizing consumers by keeping interest rates near zero, threatening long-term savings and the economy. "Right now we’re borrowing surplus savings from abroad because we don’t save a nickel at home, and we have to wean ourselves from that." [View news story]
Tack Agree totally. For example, think of all the retirees that are getting zero interset on their savings. If they had some income they'd be spending it.
$10,000 Portfolio Update: Introducing Netflix, RIM And Pandora Torture Trades [View article]
Rocco: I like your aticles and really don't care if you put your own money behind them or not. You always give me something to think about for my own trades. I also don't get the venom from the above post from haha.... Somebody for some reason has an axe to grind. When the writing gets personal I tune it out. Ignore it Bud and keep up the good writing.
Wall Street Breakfast: Must-Know News [View article]
Re HP's Meg Whitman She was on the Board when the PC decision was announced in August. What info did the Board look at when they approved the decision? Why didn't they know about the synergies then? Somebody should ask her what led her to approve the decision in August. This whole saga just shows the pathetic state of the the entire Board. Somehow, I don't think they get it.
Did CNBC's Carl Quintanilla actually make Michael Moore look like a genius? "The Dow is up 95, and that's what we cover on this network. Do you own any equities...?" Moore says no: "It's your job not just to report that the Dow is up 95 [but] to go in there and find out what's really happening... who's dividing this pie up so that the 1% get the majority of it. That's really the story." [View news story]
This, and your well written post on Germany, are much better. Please stick with this type of writing. As Joe Friday used to say, Just the facts maam, just the facts.
Next stop Portugal? "(It) appears to have entered a Grecian vortex," says Simon Ward, as the M1 money supply spirals down at an annualized pace of 21%. The just-completed EU deal falls apart if things spread beyond Greece, writes Ambrose Evans-Pritchard. Monetary contraction, onerous debt, and fiscal austerity are a lethal mix; at some point, the ECB - even without German permission - must act. [View news story]
"The just-completed EU deal falls apart if things spread beyond Greece" No kidding, really? One must laugh at the stating of the obvious that the talking heads on the financial stations ignore.
In normal times, what happened at MF Global (MF) would have been forgotten and we would've moved on the next quarter, says Dick Bove. But these are hysterical times, where anything that happens to a financial company gets magnified way out of proportion to reality. So now, what we have to worry about is a run on a company that's actually solvent. (video) [View news story]
How many others have euro debt that needs to be written down?
A Response To Whitney Tilson's Netflix Flip-Flop [View article]
Rocco, it is about making money. When the situation changes (like when the stock falls from Ca. 250 to Ca. 80) one must change ones investment strategy.
Another alarming sign of financial distress for MF Global (MF): the firm has reportedly drawn down and exhausted all its revolving credit lines over the past few days, according to a Bloomberg report, after stating as early as last Tuesday that it still had around $1.3B remaining. Shares -5% AH. [View news story]
Being the liberal that he is, I guess Corzine just assumed that his liberal buddies would bail him out.
Restaurants appear poised to raise prices to keep pace with grocery stores. U.S. consumers paid 2.6% more at eateries in September Y/Y, while food prices at supermarkets rose 6.2%. If people go to the supermarket and see that the items they’re purchasing are higher, then they're less likely to be surprised if restaurants are raising prices too, so the rationale goes. [View news story]
Barnes & Noble (BKS +5.8%) rose today after The Digital Reader's sources confirmed the company will ship the next-gen version of its Nook Color on Nov. 7, a week before Amazon (AMZN) begins shipping the Kindle Fire. B&N shares have strongly underperformed the S&P since Amazon's September Kindle announcements. [View news story]
B&N should be in the grave.
Tesla Motors (TSLA +3.9%) rose today after CEO Elon Musk told Bloomberg TV his company has sold out next year's 6,500-unit production run for its Model S sedan, and that Tesla, which has posted losses ever since it went public, should turn a profit in 2013. [View news story]
Restaurants appear poised to raise prices to keep pace with grocery stores. U.S. consumers paid 2.6% more at eateries in September Y/Y, while food prices at supermarkets rose 6.2%. If people go to the supermarket and see that the items they’re purchasing are higher, then they're less likely to be surprised if restaurants are raising prices too, so the rationale goes. [View news story]
While it’s a good sign that some big banks have blinked, opting not to follow Bank of America's (BAC) lead in introducing new debit card fees, it will take much more for them to fully grasp that their mission should be to delight their customers more than their shareholders, Steve Denning writes. Banks "need to change the way everybody in the organization thinks, the way they speak, the way they act." [View news story]
Thay don't know what it means. I mean at the senior levels because, while not now a customer, when I dealt with local people in the past they were always very good.
An ironic footnote to the SEC's punishment of FINRA over document-altering: The current head of the SEC - Mary Schapiro - led FINRA at the time of the alleged transgressions. A SEC spokesperson says Schapiro wasn't involved in the enforcement action. [View news story]
When Schapiro is done in Washington she will go back to Wall Street.
Must keep the doors open, you know.
Italian PM Berlusconi blames the euro for the attack on Italy's debt, calling it a "strange" currency and saying "nobody believes in it." He'd prefer the ECB had powers like the Fed to push a button and make situations like the one Italy is facing go away. Don't we all. [View news story]
If he doesn't like the marrage he is in, get out of the EU.
Easier said than done though.
I still maintain this whole mess won't end well.
A deal is done in Europe, but what about the debt in the U.S.? Americans need to save more, Stephen Roach says, but Fed "repression" is penalizing consumers by keeping interest rates near zero, threatening long-term savings and the economy. "Right now we’re borrowing surplus savings from abroad because we don’t save a nickel at home, and we have to wean ourselves from that." [View news story]
Agree totally. For example, think of all the retirees that are getting zero interset on their savings. If they had some income they'd be spending it.
$10,000 Portfolio Update: Introducing Netflix, RIM And Pandora Torture Trades [View article]
I like your aticles and really don't care if you put your own money behind them or not. You always give me something to think about for my own trades.
I also don't get the venom from the above post from haha.... Somebody for some reason has an axe to grind. When the writing gets personal I tune it out.
Ignore it Bud and keep up the good writing.
Wall Street Breakfast: Must-Know News [View article]
She was on the Board when the PC decision was announced in August. What info did the Board look at when they approved the decision? Why didn't they know about the synergies then? Somebody should ask her what led her to approve the decision in August.
This whole saga just shows the pathetic state of the the entire Board.
Somehow, I don't think they get it.
Did CNBC's Carl Quintanilla actually make Michael Moore look like a genius? "The Dow is up 95, and that's what we cover on this network. Do you own any equities...?" Moore says no: "It's your job not just to report that the Dow is up 95 [but] to go in there and find out what's really happening... who's dividing this pie up so that the 1% get the majority of it. That's really the story." [View news story]
Please stick with this type of writing.
As Joe Friday used to say, Just the facts maam, just the facts.
Next stop Portugal? "(It) appears to have entered a Grecian vortex," says Simon Ward, as the M1 money supply spirals down at an annualized pace of 21%. The just-completed EU deal falls apart if things spread beyond Greece, writes Ambrose Evans-Pritchard. Monetary contraction, onerous debt, and fiscal austerity are a lethal mix; at some point, the ECB - even without German permission - must act. [View news story]
No kidding, really?
One must laugh at the stating of the obvious that the talking heads on the financial stations ignore.
In normal times, what happened at MF Global (MF) would have been forgotten and we would've moved on the next quarter, says Dick Bove. But these are hysterical times, where anything that happens to a financial company gets magnified way out of proportion to reality. So now, what we have to worry about is a run on a company that's actually solvent. (video) [View news story]
A Response To Whitney Tilson's Netflix Flip-Flop [View article]
When the situation changes (like when the stock falls from Ca. 250 to Ca. 80) one must change ones investment strategy.
Another alarming sign of financial distress for MF Global (MF): the firm has reportedly drawn down and exhausted all its revolving credit lines over the past few days, according to a Bloomberg report, after stating as early as last Tuesday that it still had around $1.3B remaining. Shares -5% AH. [View news story]