Posts filed under “Digital Media”
Bob Bronson observes:
“GDP charts showing instead of -3.8% for 4Q it was -4.8% when properly adjusted for both the business cycle components and/or (as it turns our) for the growth in population or the labor force.
And because of a huge pop in involuntarily accumulated inventories, working them off will cause 1Q ’09 to be even worse than the reported -3.8% for 4Q ‘08, which is an important contribution to the stock market making its selling panic low during the current quarter, which is probably the “worse point in the recession,” or when it reaches its peak negative acceleration, consistent with the history of most bear market lows.
Barron’s observes: “By most measures, Jim Cramer did worse than the market, but CNBC and the TV journalist have taken few steps to clarify his exact performance for his show’s growing audience.” Here are the charts Barron’s uses to make their argument:
Martin Wolfe suggests the following: First, focus all attention on reversing the collapse in demand now, rather than on the global architecture. Second, employ overwhelming force. The time for “shock and awe” in economic policymaking is now. Third, make future normalisation of fiscal and monetary policies credible. Fourth, act in concert. Even the US cannot…Read More
These are really three different issues: 1) The CEO compensation; 2) Commission/P&L bonuses of profitable employees; 3) Misaligned compensation packages of the CDO/mortgage-backed buying managers. The first one is a symbolic issue (and is irrelevant IMO) and the second one is perfectly appropriate — its the 3rd one that has become so problematic. > 2007senior-officer…Read More
Nice pair of tables from the NYT: > Sources: In Curbing Pay, Obama Seeks to Alter Corporate Culture STEPHEN LABATON and VIKAS BAJAJ NYT, February 4, 2009 http://www.nytimes.com/2009/02/05/us/politics/05pay.html Scrutiny of Bankers’ Perks Will Grow, Too ERIC DASH NYT, February 4, 2009 http://www.nytimes.com/2009/02/05/business/05perks.html
> Sources: Auto Sales Start 2009 at an Abysmal Pace NICK BUNKLEY NYT, February 3, 2009 http://www.nytimes.com/2009/02/04/business/04auto.html Detroit Reels as Auto Sales Skid JOHN D. STOLL and ALEX P. KELLOGG WSJ, FEBRUARY 4, 2009, 6:02 A.M. ET http://online.wsj.com/article/SB123367018137943377.html