WSJ’s Dennis Berman and Evan Newmark discuss how corporate America will survive these tough economic times. Restructuring could be the key.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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November 12th, 2008 at 9:36 am
Everything will be fine. We knew when the market crashed last month that sales would be terrible this month because of the panic it would create when the average person was watching on the news stories of the great depression.
November 12th, 2008 at 2:45 pm
AmGen reported a 1% increase in profits based solely on rising demand for its investment-health product Nu-Toe Growth Hormone. (Available at bottom-fisheries and deep-discount pharmacies only.)
November 12th, 2008 at 2:48 pm
borchers, you are just talking about private sector contraction, we have not even begun the public sector contraction which will have just as bad as impact on the economy.
Corporate America is a global phenom, public sector sector contraction is a national phenom which’s direct impact hits harder.
It is the type of environment of endless recession and instability that breed end of era’s and beginning of new ones.