CEO Bob Rodriguez, of First Pacific Advisors, who was recently named one of the Top Fixed Income Advisors talks about the current state of equity markets, and where to seek out opportunities. Barron’s Senior Editor Lawrence Strauss reports.
Barron’s 2/21/2009
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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February 22nd, 2009 at 9:05 am
Interesting…
You fooled me Barry, I thought this was going to be another “worst is over” bubba…
http://www.minyanville.com/articles/index/a/21234
Inflation Will Be a Long, Long Time Coming
This is from Kevin Depew, who you’ve referenced before here on TBP…I saw Leftback’s thoughts on the PPI and CPI this week, but I think I am in De Pew camp here…this is a massive deleveraging…and while all the news concentrates on what various governments around the world are doing to combat it, it remains a massive problem to be slowly whittled away…
February 22nd, 2009 at 10:42 am
http://www.nytimes.com/2009/02/22/business/worldbusiness/22japan.html?_r=1&ref=business
When Consumers Cut Back: A Lesson From Japan
I thought this was one of the better general articles I’ve read lately on the effect consumer spending or lack of it might have on our economy as this thing drags on…we are not Japan, but we also are in a new place…