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BruceInKY

BruceInKY
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  • The decline in Spanish industrial production accelerated sharply in November, dropping to -7.2% Y/Y from -3.1 in October and marking the 15th consecutive month of falls. All the sectors declined, with capital goods -12.9%, intermediate goods -7.4% and non-durable consumer goods -6.1%. Investors don't seem to be too bothered, though - shares and Spanish 10-year bond yields are little changed. (PR[View news story]
    All that investment in green energy seems to be paying off. Let's try the same thing here.
    Jan 11, 2013. 07:01 AM | Likes Like |Link to Comment
  • American Express (AXP) reports early with Q4 EPS of $1.09, beating expectations by $0.03. Revenue of $8.1B is roughly inline. The company is eliminating 5.4K jobs (about 8.5% of workforce) and expects staffing levels at year-end to be 4-6% less than the current level. Conference call is set for 5 ET. Shares +1.1% AH. (PR[View news story]
    Ought to be able to find at least 8.5% who voted for Dear Leader and furlough the most enthusiastic among them first...that would mean starting with Chenault.
    Jan 11, 2013. 06:52 AM | Likes Like |Link to Comment
  • The Bloomberg Consumer Comfort Index falls to -34.4 from -31.8, but continues a run of 16 straight weeks higher than -40, a level associated with severe economic distress. Still the index is 18.5 points below its 27-year average, and way below the -20 read at the start of 2008 and -5 at the start of 2007. [View news story]
    And this measure comes in before the majority of the population gets their first paychecks of 2013.
    Jan 10, 2013. 11:34 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: +4K to 371K vs. 362K consensus, 367K prior (revised). Continuing claims -127K to 3.10M. [View news story]
    Cue the BTO..."B-B-B-Baby, you just ain't seen n-n-n-nothin' yet"...and march Forward!
    Jan 10, 2013. 08:56 AM | 2 Likes Like |Link to Comment
  • Among Doug Kass' 15 surprises for 2013 will be new Senator Elizabeth Warren spearheading the introduction of a financial transaction tax. Combined with weak capital markets, reduced M&A activity, and narrow net interest margins, its makes the XLF and GS sells. [View news story]
    Look into the CFPB Tschurin, Warren has already circumvented the legislative process.
    Jan 9, 2013. 12:32 PM | Likes Like |Link to Comment
  • Darden Restaurants (DRI) announces new brand presidents for Olive Garden and Longhorn Steakhouse in addition to naming a new chief marketing officer. The move didn't catch retail analysts off-guard with the company's restaurant chains struggling to keep up with rivals. [View news story]
    Seems that jumping on board with that Let's Move/Partnership for a Healthier America initiative didn't bring in the diners.
    Jan 9, 2013. 08:42 AM | Likes Like |Link to Comment
  • Among Doug Kass' 15 surprises for 2013 will be new Senator Elizabeth Warren spearheading the introduction of a financial transaction tax. Combined with weak capital markets, reduced M&A activity, and narrow net interest margins, its makes the XLF and GS sells. [View news story]
    Not impressed with this particular representative of the best and the brightest, eh bbro? Well, the Tea Party didn't elect that and unfortunately she's in the RINO-dominated Senate.
    Jan 9, 2013. 08:35 AM | Likes Like |Link to Comment
  • Among Doug Kass' 15 surprises for 2013 will be new Senator Elizabeth Warren spearheading the introduction of a financial transaction tax. Combined with weak capital markets, reduced M&A activity, and narrow net interest margins, its makes the XLF and GS sells. [View news story]
    What until we see what surprises Warren cooked up and Cordray will serve from the unaccountable CFPB. Geronimo!
    Jan 9, 2013. 08:32 AM | 1 Like Like |Link to Comment
  • Jack Daniel's Is Creating A Competitive Advantage For Brown-Forman [View article]
    Jack Daniel's volume is down yoy despite an extremely aggressive 100ml pricing program, and BF stock is very vulnerable to insiders cashing out long-term positions for creature comforts. I like the segment but also look for lower entry points.
    Jan 7, 2013. 11:29 PM | Likes Like |Link to Comment
  • Buffett Style Valuation Of The Procter & Gamble Co. [View article]
    I'd be interested in looking at your "green investing" picks Robert. I'm inexperienced in shorting stocks but you might be able to give me a leg up.
    Jan 7, 2013. 11:13 PM | Likes Like |Link to Comment
  • Abenomics: Japan's Thermidor [View article]
    "Sure, there is a pacifist segment, but I do not know how broad and deep it is. My sense is not very." As for "I am not sure what consensus you are referring to," you wrote in the article about "an emerging consensus favoring a re-militarization of Japan." I wondered what insight you had that might suggest domestic support of such an agenda.

    I've been around Japanese nationals and a student of Japanese popular culture for three decades and I aver that the pacifists are culturally and politically dominant. It matters naught if the US, Australians, Philippines want them to militarize. Thanks for the reply.
    Jan 7, 2013. 10:49 PM | 2 Likes Like |Link to Comment
  • Abenomics: Japan's Thermidor [View article]
    Mr. Chandler, nice summary of the state of affairs.

    I do wonder if you can share more insight into an "emerging consensus" that Japan re-arm? I see a super-majority of Japanese as enthusiastic postmodern pacifists and reflexively anti-military despite global terrorism and Chinese or Russian challenges to their territorial possessions.

    Could Abe's nationalism actually result in citizens joining the SDF and zaibatsu rebuilding a credible defense industry? I'm inclined to think the LDP is engaging in good old-fashioned "nemawashi" not newfangled "build the death ray" initiatives. Regards.
    Jan 7, 2013. 02:01 PM | Likes Like |Link to Comment
  • Abenomics: Japan's Thermidor [View article]
    Your English is clear enough fannoni, but it would be helpful if you would "take a deep breath" and paragraph your thoughts. I don't share much optimism for Japan, however, especially with China emboldened and the likelihood of Obama/Kerry projecting American indecision and indifference. So while I still admire Japan's industrial, manufacturing and supply chain skill sets I think the demographics of the nation and region point to steady decline for its economy.
    Jan 7, 2013. 01:29 PM | 1 Like Like |Link to Comment
  • Japan's new government reportedly plans to announce an extra ¥12T ($136B) in stimulus spending for the fiscal-year through March as it looks to turn around the moribund economy. Prime Minister Shinzo Abe hopes to formulate the plan this week, with ¥5-6T to be spent on public works. [View news story]
    Banzai!
    Jan 7, 2013. 07:04 AM | 1 Like Like |Link to Comment
  • Illinois legislators yesterday unveiled a plan that has bipartisan support and that aims to solve the state's massive pension crisis. Illinois has an eye-watering $96B in unfunded liabilities, which is threatening the state's A2 rating and hurting its ability to finance its services. The proposals including limiting pensionable salaries and raising retirement ages, although unions have vowed to fight the measures. [View news story]
    Just raise the occupancy tax on Chicago hotel guests to 100%, that ought to make up for the unfunded liabilities.
    Jan 7, 2013. 07:02 AM | 2 Likes Like |Link to Comment
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