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BruceInKY

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  • North American cinema ticket sales -3% to $4.28B between the first full weekend in May and Labor day, the first summer decline in seven years. Attendance -4% to 533M people, the lowest since at least 1993, when independent records began. The decline comes after ticket prices increase, and despite the success of blockbusters such as "The Avengers" and "The Dark Knight Rises." [View news story]
    We were all so busy enjoying real-life blockbuster Recovery Summer III that we forgot about the movies.
    Sep 3 11:46 AM | 1 Like Like |Link to Comment
  • August Consumer Confidence: 60.6 vs. 65.8 expected, 65.4 (revised from 65.9) prior. Expectations 70.5 vs. 78.4 prior. Present Situation 45.8 vs. 45.9 prior. [View news story]
    Consumers have been readjusting their expectations to cope with the "it's a dry heat" nature of Recovery Summer 3.
    Aug 28 10:50 AM | Likes Like |Link to Comment
  • Lexmark (LXK) intends to stop manufacturing inkjet hardware and sell its related technologies in a restructuring that will result in 1,700 job cuts. The overhaul will cost $160M pretax but bring savings of $85M in 2013 and $95M annually from 2015. Lexmark also plans to buy back an extra $100M in shares in H2 and the board has approved another $200M of repurchase authority. (PR[View news story]
    Recovery Summer 3 leads 1,700 more workers out to pasture.
    Aug 28 10:46 AM | Likes Like |Link to Comment
  • Pro Farmer estimates following this week's crop tour have corn yield at 120.25 bu/acre vs. the USDA estimate of 123.4. Beans 34.8 bu/acre vs. USDA at 36.1 ("The crop from Ohio to Nebraska needs a drink right now to realize these yield estimates"). Iowa (nation's largest producer): "Early start to the growing season turned into a mid-season nightmare for corn trying to pollinate." Market reaction will have to wait until Sunday night. [View news story]
    Time to end the ethanol blending requirement.
    Aug 24 05:29 PM | 1 Like Like |Link to Comment
  • Market recap: Stocks stumbled as St. Louis Fed's James Bullard threw cold water on QE3 prospects and data from China and the eurozone pointed to stalling growth. But the QE trade followed through in other asset classes, including gold, the dollar and Treasurys. Perhaps a little profit-taking in stocks after a 10% run-up since June shouldn’t be a surprise. NYSE losers led winners two to one. [View news story]
    In a follow-on non-sequitur reference pertaining only to Prince Harry's escapade and leaving our dear Chairman Ben aside, bbro, I think we can both agree that the Queen is not amused. Ta.
    Aug 23 10:20 PM | Likes Like |Link to Comment
  • Market recap: Stocks stumbled as St. Louis Fed's James Bullard threw cold water on QE3 prospects and data from China and the eurozone pointed to stalling growth. But the QE trade followed through in other asset classes, including gold, the dollar and Treasurys. Perhaps a little profit-taking in stocks after a 10% run-up since June shouldn’t be a surprise. NYSE losers led winners two to one. [View news story]
    don't know if naswood hit like but I did, a little histrionic but I've been known to go there myself. Amen I say to you, into.
    Aug 23 10:14 PM | Likes Like |Link to Comment
  • The Taxman Cometh Online [View article]
    "While the recovery of lost tax revenue will not be enough to pay off the debt, it will help prevent more cuts to projects and services until the economy fully recovers."

    This would be another clue to the author's political leanings.
    Aug 23 10:04 PM | 3 Likes Like |Link to Comment
  • Initial Jobless Claims: 372K vs. 365K consensus, 368K prior revised (prior week 366K). Continuing claims +4K at 3.31M[View news story]
    Look at yesterday's news on quarterly decline in exports by Japan, So. Korea and Taiwan to Europe and China. If there was a way to subtract from those figures the value of smart phones and tablets (and their components), it would look even more alarming. Europe is plunging already; China sliding, slipping, and slowing.
    Aug 23 09:11 AM | 2 Likes Like |Link to Comment
  • What Does Ackman See In P&G? [View article]
    Thorough and thoughtful. Bullish on a much smaller share of PG than Pershing Square!
    Aug 22 08:30 AM | Likes Like |Link to Comment
  • Japan posts a surprisingly large 8.1% Y/Y drop in exports (expectations were for a 2.9% fall), swinging its trade balance to a $6.5B deficit. Exports to the EU plunged 25.1%, to China down 11.9%. The yen briefly dropped on the news, but has since recovered to little changed vs. the greenback. [View news story]
    Ouch. Taiwan and So. Korea numbers are equally troubling.
    Aug 22 07:39 AM | 1 Like Like |Link to Comment
  • Why Alternative Energy Will Never Achieve Widespread Use In Our Lifetime [View article]
    India is so successful that 630 million people
    lost power simultaneously.
    Aug 21 07:49 PM | 1 Like Like |Link to Comment
  • Why Alternative Energy Will Never Achieve Widespread Use In Our Lifetime [View article]
    Glad to know the unemployed 30+% in Spain will be able to charge their iPhones.
    Aug 21 07:45 PM | 1 Like Like |Link to Comment
  • "Fears of an unstoppable Chinese juggernaut are misplaced or outdated," writes Patrick Chovanec, urging to instead focus on a country stumbling badly and not knowing what to do next. How might the next President respond to a devaluation of the yuan, continued dumping of excess steel and other products, or even an escalation of military tension in the South China Sea (as Beijing tries to shift attention away from domestic issues). [View news story]
    The article referenced is worth your time. I have sensed an oddly passive China, but perhaps it really is resting and will see what our path is before reacting and/or seizing a moment. See also Russia, and competing anti-US agendas in Iran, Syria, etc.
    Aug 19 10:15 PM | Likes Like |Link to Comment
  • Regarding The Consumer Sentiment Party - I Have Other Plans [View article]
    I own a retail store and would attribute the "gain in sales" to price inflation, not increased spending.
    Aug 19 10:10 AM | 3 Likes Like |Link to Comment
  • "It seems like the [factory] sector is stuck in neutral," says RBS's Guy Berger. Several reasons are at play. "Japan is going nowhere, Europe is in recession, and we’ve got our own problems," such as stalemate over tax and spending, says MFR's Josh Shapiro, who reckons the chance of recession in the next year is 50%. [View news story]
    If Obama gets re-elected and the Bush tax rates expire, there is a 100% chance of collapse.
    Aug 19 10:03 AM | 5 Likes Like |Link to Comment
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