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  • What Everyone Is Missing About IBM [View article]
    "IBM has done many many transitions through its 100+ year history."

    They have the best history of major multiple comebacks of any corporation. Unfortunately, management has succumbed to the times we live in to treat employees as a commodity to be exploited, which never happened at IBM in this way before, and has taken so many other shortcuts for a last few decades that the distinction their culture once enjoyed has largely devolved into the depressing corporate hack/drone mentality that pampered US corporate managements have become all-too-adept at serving up now that middle class jobs in America have become an endangered species.

    A more recently successful leader, Steve Jobs, insisted on hiring A-list people and that makes quite a difference in success which results in a virtuous circle, or in a vicious circle in their absence. IBM is well on it's way to outsourcing and financially engineering itself into an also-ran commodity status and it may not prove able to come back with much of it's former stature this time.
    Jul 23, 2015. 08:29 PM | 4 Likes Like |Link to Comment
  • eBay: Cash Cow Is Facing Intensifying Competition [View article]
    Rarely mentioned in such articles such as this, which is quite informative as far as it goes, are the anti small-seller policies that John Donahoe embarked upon upon assuming the position of CEO in 2008, and how the sluggish pace of the Ebay marketplace with it's relentless fee increases, cannot be attributed strictly to outside competition when such vast internal policy changes have taken place. These policy changes must assume much of the blame for the mediocre returns the formerly pre-eminent Ebay marketplace has seen and that are projected.

    The average Ebay user purchases about $520/year. A small seller can easily purchase 100x that figure or more, but these motivated customers who could have provided viral support have instead been castigated by repeated rule changes that assume seller guilt in nearly all disputed transactions. Now permitted are complete buyer dishonesty, vandalism and even theft of sometimes high-value items along with the insult of leaving the seller with a "defect" on their ratings.

    This creates the well-known effect of seller complaints wherever Ebay is discussed. This may seem repetitious and tiresome to some readers, but the realities of dealing with Ebay on the ground are necessary components of any meaningful assessment of the company regardless that they somehow remain studiously ignored in almost all articles such as this one.
    Jul 23, 2015. 06:01 PM | 7 Likes Like |Link to Comment
  • McDonald's Franchisees Are Unhappy. What's Next? [View article]
    "Those that are not supportive of the changes needed at MCD have no business on the MCD team!"

    The issue is, what changes are needed at MCD and who pays and who benefits? Goose-stepping with a forced "enthusiastic" smile for the team will not work in the competitive marketplace for long if management cannot align THEMSELVES with policies that succeed, which has not been the case for a long time, and are actually perceived as fair by franchisees.
    Jul 23, 2015. 09:53 AM | 1 Like Like |Link to Comment
  • 4 Things That Are Happening Today That Indicate That A Deflationary Financial Collapse Is Imminent [View article]
    Or what, try the Alfred E. Neumann approach, "what, me worry?"

    That has worked for a number of highly manipulated years replete with ill-gotten infusions of $trillions of CB and taxpayer backing and ZIRP-fueled stock buybacks all to prevent market price discovery. That can't last forever and warning flags are flying as the article well and clearly points out.
    Jul 21, 2015. 01:06 PM | 6 Likes Like |Link to Comment
  • Boom, Bust And Emigration Statistics [View article]
    Curious as to where the emigration is heading.

    The massive debts overhanging and building throughout the West are primarily to cement the power of the status quo, both of government beneficiaries, multinational and TBTF corporations and incumbent elites. Not so much investment for the future for which mostly obstacles are constantly created.

    This is what the whole Eurozone project is about. The young there and elsewhere in the West will have to find opportunity and build for their futures DESPITE all the counterproductive waste that is now wantonly generated by their selfish elders that they will be expected to pay for.
    Jul 21, 2015. 10:21 AM | 2 Likes Like |Link to Comment
  • Japan Proving The Monetary Black Hole [View article]
    "As works of political struggle they have their interesting elements but they are not works of economics."

    No, to qualify as a work of economics these days it is necessary to extoll the virtues of crony capitalism, suppression of market price discovery, wealth effects and limitless debt for status quo interests.
    Jul 20, 2015. 10:58 PM | 2 Likes Like |Link to Comment
  • Monday Market Manipulation: Everything Is Awesome! [View article]
    While we're at it, lines are constantly drawn on charts without even phony government inflation adjustments. Good to know that adjust figures to fluctuating values is appropriate since it has seemed a mystery to see TA charts and analyses routinely ignoring these divergences that get quite large over time.
    Jul 20, 2015. 12:57 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Lockheed Set To Buy Sikorsky For Over $8B [View article]
    Greece, Puerto Rico and soon many others need loans to pay their loans even at ZiRP rates. Anytime authorities bestow upon them another ill-advised loan to make payments on their last loans, the debt crisis is reported "brought to a close." Never mind ordinary Greeks still cannot get money out of their bank accounts, nothing to see here.

    Low information voters can now move on to whatever makes them happy.
    Jul 20, 2015. 09:11 AM | 3 Likes Like |Link to Comment
  • Sell eBay, Buy PayPal [View article]
    Ebay CEO John Donahoe with his pampered background has an amazing lack of insight or interest in commerce beneath the Neiman Marcuses of the world, especially an auction site whose users are, to him, scruffy and overly interested in smalltime trading and dealmaking. Thus, he ruined the site for the small sellers he hates who had lifted Ebay with it's unique free market auction site to it's former preeminence online.

    What he still doesn't get is that there are tens of thousands of retirees on pensions out there who travel around in their motorhomes putting their grossly overpriced merchandise up for sale from one flea market to the next and who don't care that their stuff rarely sells. If something does sell once in a blue moon at their crazy price, they have something to tell their friends for years at every stop. This same unsaleable dreck online via free Ebay listings remains clogging the site in many categories for easily 5 years running in many cases.

    Ebay may have a chance yet despite 7 years of disaster under John Donahoe, and all it takes is some good ideas and execution. There is no reason whatsoever to assume he did anything other than a disastrous job there, that Ebay's decline is anything other than an unnecessary tragedy, and that someone else cannot apply sufficient inspiration and competence to bring forth the amazing potential that could still be possible at that unique marketplace.
    Jul 20, 2015. 08:45 AM | 6 Likes Like |Link to Comment
  • Japan Proving The Monetary Black Hole [View article]
    " if a recovery cannot occur of its own accord without some statist "push"; that actually gets to the heart of the matter, as if the recovery came and was robust all its own it would greatly diminish and curtail the power of economist central planners and central bank socialism, therefore they only "allow" a recovery of their own choosing,"

    This gets to the very heart of the monstrous statist/bankster/multi national corporate push to seize control of the economy and political system, posed as a "necessity" to ward off "even worse" outcomes while erasing even the memory of a vibrant Main Street economy which was rather recently a political winner posed as "a thousand points of light" via a contagion of prosperity provided by widespread entrepreneurship.

    As bankster bail-ins and seized savings accounts loom to augment the bailouts of elites that are sure to be repeated when the next Wall Street collapse ensues, intellectually and economically reduced Americans will now be expected to quietly assume the role of serfs as the unholy alliance of elites and useful idiots wielding and grossly misusing the excessive power they have assumed contrary to the Constitution and to truth, thus expects to more fully complete the work of it's illegitimate primacy.
    Jul 19, 2015. 03:21 PM | 3 Likes Like |Link to Comment
  • 10 Scary Charts: July 16, 2015 Update [View article]
    Let's see, single family housing starts are barely exceeding all post-1960 LOWS 7 years after the last bust is ok? Not even adjusted for increased population generally or post-millenial population of family-forming age which would drop this graph off the scale?

    That and several other comments here shrugging off miserable results such as labor force participation (bought with $trillions of additional taxpayer debt) indicate the entire remaining pom-pom waving viewership of CNBC is commenting right here on this page of SA.
    Jul 19, 2015. 11:21 AM | 4 Likes Like |Link to Comment
  • Reflections On The Greek Tragedy [View article]
    Like many McMansion deadbeats in the US prior to 2008, Greece has been more than happy to take the no income-verification teaser loans provided (c/o Goldman Sachs imprimatur of "due diligence" in this case) and there are plenty of sharks in the pond to benefit whose business "plan" includes leaving the resulting mess to the taxpayer.

    Low-information voters are always ready to vote anything that puts a check in their hand in a high-sounding cause from scurrilous politicians and bureaucrats such as "unification," but multinational corporations particularly in Germany obviously make out given the increase in customers, banks profit with ZIRP money to buy unsound long-dated high interest-rate debt from the periphery and the taxpayers get the tab when they get to socialize the losses of these elites when their paper goes bad after they have wrung out all the "private" profits.
    Jul 19, 2015. 08:31 AM | 3 Likes Like |Link to Comment
  • Thrilling Thursday: Greece Is Fixed Again [View article]
    Greece has a Euro printing press. Problem is, going that route would be hazardous to somebody's health.
    Jul 16, 2015. 12:59 PM | 1 Like Like |Link to Comment
  • The 'Dollar's' Grand Masterpiece Almost In Full View [View article]
    Pretend and extend puffery works on several levels: The empty suits in government and their servile grant recipients in academia can expect to retire comfortably as long as the farce is maintained, criticism is muted as long buying the dips always leads to a wealth effect, and statutes of limitations for fraud leading to the 2008 meltdown expire on Wall Street.

    Who needs Main Street?
    Jul 16, 2015. 09:49 AM | 2 Likes Like |Link to Comment
  • Is This A Coup, Or A United Europe? [View article]
    Harding was too ready to embrace boondoggles and thus was a typical self-serving politician against taxpayers should be truly allergic, but Coolidge actually believed that productive private citizens should not be strongarmed into higher taxes and debt obligations without very good reason and that means defaulting to smaller, not larger government at every turn. Their Administration's solution to the 1920 depression was to cut wasteful government spending and it worked.

    Faulty faith is believing that the government tooth fairy has our best interests at heart and that it can and should always provide. Yours is.
    Jul 15, 2015. 10:34 AM | 2 Likes Like |Link to Comment