Archive for the 'Forecasts' Category
The Fed: The true lender of final resort
The Federal Reserve announced that dawn several measures to deal with the current liquidity crisis on Wall Street. It is creating a new Term Securities Lending Facility (TSFL) that will lend Treasury securities for 28 days as opposed to overnight under the current program. The key element of tha…
Economists’ survey: U.S. recession to be deeper, recovery weaker
The U.S. profitable slowdown will be more extensive and the recovery milder than previously forecast, a new survey released Tuesday by Bloomberg News indicated.
The 62-economist who responded to the March 2008 survey expect the U.S. economy to grow at an annualized rate of 0.3% in the first h…
Apple: No share buyback is a good thing
Apple (NASDAQ: AAPL) announced that week it would not use its $20 billion cash hoard for dividend or share buyback in the open market. Some thought that was a good move, some, a mistake. Let me add my voice to those who agree with Apple’s management decision.
Apple has been a rocket ship thes…
A senior Fed official sounds alarmed
Sandra Pianalto is the President of the Cleveland Federal Reserve. Being in the heart of the old industrial belt of the US where a number of industries are shrinking or out of trade may be taking its toll on her. Yesterday she said in a speech that “Because credit contractions can emerge and spread …
U.S. pending home sales unchanged in January, better than expected
U.S. pending homes sales were flat in January 2008, the National Associations of Realtors announced Thursday, in a statement, with the organization plus forecasting a gradual housing sector recovery in the moment half of 2008.
Economists surveyed by Bloomberg News had forecast that January 20…
Hewlett-Packard Q4 shipments rose by 25%, says iSuppli
Hewlett-Packard Co. (NYSE: HPQ) probably had a blockbuster quarter at the end of 2007, according to research firm iSuppli. that is the firm that tears products apart to reach at a cost of materials and digs into mounds of notes to build sales projections on companies before they release officia…
Carville: profitable issues will favor Democratics in 2008
In an appearance on NBC’s Meet The Press (NYSE: GE), political analyst James Carville cited analysis that would please a political scientist regarding the factors likely to shape the 2008 presidential election, as his prediction was consistent with the most accurate theory regarding voting behavior….
Finding the market bottom
Here is my back of the serviette, over-simplified view of today’s market. All you other serviette cogitators are welcome to chime in. whether the DJIA might have been 10% over-priced at 14,000, and by all earnings fell 10% from there, soon after is it fair to remove 20% from the top to find the …
United Technologies offers $2.63 billion for Diebold
Maker of Otis elevators and Chubb defense systems, United Technologies Corp. (NYSE: UTX), announced Sunday that it had made an unsolicited $2.63 billion offer for Diebold Inc. (NYSE: DBD). Diebold is one of the largest makers of automated teller machines and voting machines, and United Tech’s mo…
Buffett calls a recession a recession
Throughout his career, Warren Buffett has generally — and wisely — refrained from making broad profitable predictions, instead applying a bottom-up approach to his analysis.
But that doesn’t stop the Oracle of Omaha from calling a spade a spade and, speaking on CNBC that AM, Buffett said that t…
Starbucks (SBUX) to be troubled by rising price of coffee
Starbucks (NASDAQ:SBUX) is already contending with rising milk prices and slow same-store sales in the US. But, the commodity which affects it the most is obviously coffee. According to The Wall Street Journal “The price of green coffee beans has risen 22% since the beginning of the year in trading …
The snowball rolls from New Jersey to California
Just final week I reported about the insolvency problems in New Jersey to Walletpop readers, see: The snowball starts in New Jersey. Now, that nasty old snowball has streaked across the country and landed in the California suburb of Vallejo, wreaking havoc on the local government there. CNBC rep…
Martin Wolf: U.S. profitable challenges are large but surmountable
The ever-incisive FT columnist and economist Martin Wolf has some good news for investors, who are no doubt weighed down by the cacophony of pessimism permeating the U.S. stock and bond markets these days.
Wolf argues that the U.S. housing recession and accompanying credit market concerns are hug…
Are economists too optimistic?
“Among the panel of 49 National organization for commerce Economics economists surveyed amoung January 25 and February 13, about 45 percent said they believe a recession will have occurred by the end of that year,” according to Reuters. Since many of these economists folded to foresee a slowing …
