tag:blogger.com,1999:blog-6616959642391988608.post6671169432141765961..comments2024-03-19T02:45:37.685-07:00Comments on Calafia Beach Pundit: Corporate layoffs are very lowScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-6616959642391988608.post-10716149076302461112010-06-03T11:26:44.754-07:002010-06-03T11:26:44.754-07:00Scott:
I agree. Redistributive policies are part...Scott:<br /><br />I agree. Redistributive policies are part of the problem. Hey, I’m just guessing, but I suspect that the transformation of our economic base from manufacturing to financial had a lot to do with it as well. But all that is beside the point. The point that Public Library was making (I thought, anyway) was that you should consider how robust and durable a recovery can be if two randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68209633604419055042010-06-03T11:10:59.483-07:002010-06-03T11:10:59.483-07:00This comment has been removed by the author.randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18206917942552139422010-06-03T11:00:04.677-07:002010-06-03T11:00:04.677-07:00This comment has been removed by the author.randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74383259881768142292010-06-03T10:07:16.075-07:002010-06-03T10:07:16.075-07:00Re: disproportionate economic gains. I would submi...Re: disproportionate economic gains. I would submit, though I can't prove it, that disproportionate economic gains are the unintended consequence of the government's best efforts to redress disproportionate economic outcomes. The more the government attempts to redistribute income, the more the middle and lower classes become dependent on government handouts, and the fewer incentives Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86104057769911002222010-06-03T09:02:33.082-07:002010-06-03T09:02:33.082-07:00Randy,
The “disproportionate” distribution of eco...Randy,<br /><br />The “disproportionate” distribution of economic gains in this country and throughout history is MORE a result of governments and less with the free markets. From Marie Antoinette’s famous “Let them eat cake” to Eva Peron to the Communist Party to government regulated monopolies and government protected oligopolies today (i.e. banking, broadcasting, gambling, communications, et Jeffhttps://www.blogger.com/profile/04068805988034886750noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83673098815832294342010-06-03T07:38:41.129-07:002010-06-03T07:38:41.129-07:00Jeff and Bill:
I'm sick to death of the hando...Jeff and Bill:<br /><br />I'm sick to death of the handouts and entitlements. I'm sick of seeing so much wasted monetary capital, and wasted human capital that learns to become reliant on handouts. I'm sick of Obama's preaching and disgusted with the way the health care bill turned out (even though I believe health care reform was a good idea.) I'm especially sick of all randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40523661457212062732010-06-02T18:50:42.139-07:002010-06-02T18:50:42.139-07:00Public Library: Let's get rid of the capitali...Public Library: Let's get rid of the capitalist swine once and for all, comrade...Billhttps://www.blogger.com/profile/05145490918994594519noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61497210920586828492010-06-02T15:02:32.696-07:002010-06-02T15:02:32.696-07:00Public Library, I've got an idea. Let's t...Public Library, I've got an idea. Let's tax the top 1% at a rate twice the rate as the percentage of income they make. <br /><br />Oh....never mind. WE ALREADY DO THAT! The top 1% makes 21% of the income and pays 42% of all income tax. <br /><br />Or how about this. Let's take $1.6 trillion out of the hands of those who produced it and send checks and stimulus out to the rest ofJeffhttps://www.blogger.com/profile/04068805988034886750noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87980742829447742152010-06-02T13:46:56.978-07:002010-06-02T13:46:56.978-07:00Re tax receipts: I don't think there's any...Re tax receipts: I don't think there's any doubt that tax receipts are going to be a lagging indicator of recovery. If for no other reason, tax receipts are going to be depressed for awhile given the tremendous losses that were incurred in the past few years. The place to look is NIPA profits, which have already staged a pretty decent recovery. Corporate profits are at a fairly high levelScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-39582237736742668812010-06-02T13:29:08.845-07:002010-06-02T13:29:08.845-07:00Just on the bitter tone for Europe.
1.Forward look...Just on the bitter tone for Europe.<br />1.Forward looking new orders to inventory indicator felt abruptly to 11 months low.<br />2.German export expectations, as part of IFO business, hit record levels in May, comparable with 2006/2007 levels<br />So it looks there is rather a downside risk in 2011 for German GDP, but maybe this is already priced in.Family Manhttps://www.blogger.com/profile/10304538166086313103noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-16875781573395504472010-06-02T12:28:14.971-07:002010-06-02T12:28:14.971-07:00Danaher is a large US industrial conglomerate with...Danaher is a large US industrial conglomerate with extensive operations in Europe. The CEO Larry Culp, speaking at an investor conference is quoted by Reuters as saying,"..its likely now core growth numbers will be in the double digit range." He added he has seen NO SLOWDOWN IN EUROPEAN DEMAND (emphasis is mine) and that they feel very good about the first half of the year. <br /><br />Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23110519527727050892010-06-02T11:18:34.969-07:002010-06-02T11:18:34.969-07:00Corporate profits are not making their way into pe...Corporate profits are not making their way into peoples pockets. A quick look at the historical dividend yield on the s&p is an indicator of where the money is NOT going.<br /><br />Additionally, with the unemployment rate at 10% and expected to hover there for quite some time, does it take another shock to 15 - 20% unemployment to create another recession?<br /><br />Here are some juicy Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31609866113788971172010-06-02T10:25:08.420-07:002010-06-02T10:25:08.420-07:00Andy,
I have not seen anything specificly but I w...Andy,<br /><br />I have not seen anything specificly but I would think tax receipts would lag economic activity by a wide margin. This spring's reciepts would reflect 2009 while 2009 would reflect 2008. I think all it tells us is '09 was a worse year than '08. Hardly news IMO.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13049966115307571832010-06-02T10:12:04.384-07:002010-06-02T10:12:04.384-07:00That was 6% lowerThat was 6% lowerAndyhttps://www.blogger.com/profile/03703190098265499879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10666719840118210692010-06-02T10:11:30.767-07:002010-06-02T10:11:30.767-07:00I was listening to an interview of Rob Arnott on C...I was listening to an interview of Rob Arnott on Consuelo Mack's show and he made the point that while plenty of indicators are looking better, tax receipts are down 6$ vs 2009. I'm not sure specifically what he was referring to. Anybody seen something similar?Andyhttps://www.blogger.com/profile/03703190098265499879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68843660005218236702010-06-02T08:48:22.229-07:002010-06-02T08:48:22.229-07:00It feels like the economy is going to have to conv...It feels like the economy is going to have to convince investors there is going to be substantial earnings. I think this is a result of the panic of 2008.The result is <br />going to be cheap P/E's for the next couple of years. Another result will be if the corporation create the earnings and the stock<br />market doesn't follow you are going to see the stock buybacks like we saw in the broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.com