Empiric Student Property Share Discussion Threads

[briarberry] 08/10/2009 21:54

retail sales, not much improvement...


Target said sales at stores open at least a year fell 1.7 percent
Macy's had a 2.3 percent decline
J.C. Penney had a 1.4 percent decline for September
Gap Inc., dragged down by sluggish sales at its namesake stores and Banana Republic, posted a 1 percent sales decline
Limited Brands reported that sales in stores open at least a year rose 1 percent in September

And stores' figures are looking better as they are compared last September when spending plummeted amid the ballooning financial meltdown

[briarberry] 07/10/2009 21:09

Alcoa reports surprise profit
Alcoa Q3 net income 8c vs 33c
Alcoa Q3 revenue $4.51 bln vs $6.44 bln

Hot Topic Sept. same-store sales fall 4.0%
Zumiez Sept. same-store sales fall 0.8%

[briarberry] 07/10/2009 20:08

Consumer Credit - M/M change $-12.0 B

still contracting despite cash for clunkers car buyers loans

[briarberry] 07/10/2009 16:24

Earnings for Q3 start tonight, Alcoa after the bell


GDP Q3 - Thursday Oct 29, before the open

[briarberry] 06/10/2009 00:36

The Baltic states are once again in the eye of the storm after leaked reports that Sweden is bracing for a full-blown economic and political "breakdown" in Latvia.

(no new news)

[briarberry] 06/10/2009 00:35

Mr Mortgage (Mark Hanson)...

The Impending Foreclosure Wave Update

The bottom line is that the number of loans in the foreclosure pipeline - post NOD and NTS (image 1 and 2) - have never been greater. This all is future housing market supply that must be considered.

[briarberry] 05/10/2009 23:38

Oct. 5 (Bloomberg) -- New York State's income tax revenue has dropped 36 percent from the same period in 2008, Governor David Paterson said, "frustrating" his attempt to close a projected $2.1 billion budget deficit.

[briarberry] 05/10/2009 22:12

Taiwan, Industrial Production, August: -9.6%
Brazil, Industrial Production, August: -8.4%
Spain, Industrial Production, August: -13.1%

[briarberry] 05/10/2009 13:23

US jobs, the slump has caused 824,000 more job losses than reported...

Oct. 2 (Bloomberg) -- The U.S. economic slump earlier this year was so severe it short-circuited the government's model for calculating payrolls, raising the risk that today's jobs report may be too optimistic.

About 824,000 more jobs may be subtracted from the payroll count for the 12 months through last March when the figures are officially revised early next year, a Labor Department report showed today. The revision would be the biggest since at least 1991.

[briarberry] 04/10/2009 23:39

Alcoa Inc. will play its traditional role as the first blue-chip company to report results on Wednesday. The aluminum giant, seen as a barometer for the economy, is expected to post another staggering loss, reflecting the overall performance of the materials sector.

On average, earnings at S&P 500 firms are expected to be down by 24.8% from the year earlier quarter, marking the ninth consecutive quarter of negative earnings growth, according to Thomson

[briarberry] 04/10/2009 13:18

Another Finger of Instability
By John Mauldin

As I have written, we can run large deficits almost forever, as long as the deficits are less than nominal GDP. While it may not be the wise thing to do, it does not bring down the system.

But when you start adding to the deficit in amounts significantly larger than nominal GDP, there is a limit. Each dollar, like the grains of sand, adds to the potential instability of the system. Is it $2 trillion more? $3 trillion? No one can know, but the longer it goes, the worse the ensuing financial earthquake will be.

The current political class and their intentions are dangerously close to killing the golden goose. It is one thing to steal the eggs; it is an altogether different thing to kill the goose through ignorance of the consequences. And the size of the deficit, for as long as they plan to have it, will most assuredly kill the goose.

Just as I was writing in 2006 about the potential for a crisis, and yet the party went on for quite some time, I think the party can limp along now. But there will come a point when the party is over. Interest rates on the long end will rise precipitously, forcing mortgages up and making the deficit even worse. It will be an even worse crisis than the one we have just gone through. And there will be fewer options for policy makers, and none of them will be good or pleasant. And it will take most people unawares.

[briarberry] 03/10/2009 20:14

Ben Banky, would you take his advice ???

20 October 2005
Ben Bernanke told Congress, "(house) price increases largely reflect strong economic fundamentals"


March 28, 2007
Ben Bernanke told Congress, "At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained".


19 July 2007
Ben S. Bernanke told Congress that he only expected subprime losses in the $50 to 100 billion range.


15 Sep 2009
Federal Reserve Chairman Ben Bernanke said that the recession was "very likely over".


(he only sees positive outcomes and only mentions something negative once it's already so obvious it cannot be denied)

[briarberry] 02/10/2009 22:07

The idle container fleet worldwide has climbed to 548 ships, totaling 1.29 million TEU capacity at the end of September. This represents 10% of the total fleet capacity, or 11.6% of the total number of containerships.

[briarberry] 01/10/2009 22:45

Consumer spending spiked on cash-for-clunkers auto purchases as personal consumption expenditures surged 1.3 percent in August, following a 0.3 percent rise in July.

...
September domestic-made sales came in at a 6.7 million annual rate vs. August's stimulus-boosted 10.1 million

[briarberry] 01/10/2009 19:32

GM + Chrysler in trouble again post cash 4 clunkers...

Ford was first off the mark, reporting its U.S. auto sales for September dropped 5.1% to 114,655 vehicles from 116,734 a year ago
GM U.S. Sept. sales drop 45% to 156,673 vehicles
Chrysler U.S. Sept. sales drop 42.1% to 62,197

Industrywide, Edmunds.com is looking for a seasonally adjusted annual sales rate of about 9.3 million cars and trucks, down from 14.1 million in August, with some leftover deliveries from the clunkers deals buoying results.

[briarberry] 30/9/2009 22:27

Tim Congdon from International Monetary Research says that US bank loans have been falling at an annual pace of almost 14pc since early Summer: "There has been nothing like this in the USA since the 1930s."

[briarberry] 30/9/2009 14:57

The Chicago purchasing managers index fell to 46.1% in September from 50.0% in August

[briarberry] 30/9/2009 13:58

French bailout bubble...

Sept. 30 (Bloomberg) -- French President Nicolas Sarkozy says even with a record budget deficit, France needs to spend more borrowed money to kick start economic growth.

As the government prepares to unveil its latest tax and spending plans today, Sarkozy is promising a "grand loan" to finance spending on everything from Paris's rail system to new supercomputers. That will swell a budget shortfall that already is the highest since 1959, the year after France's post-war government collapsed and Charles de Gaulle took power.

[briarberry] 30/9/2009 00:09

Micron Q4 loss 10c vs 45c loss year ago
Jabil Circuit Q4 net income 3c vs 28c
Sealy Q3 net income 5c vs 12c
Worthington Q1 net income 8c vs 86c

[briarberry] 27/9/2009 23:50

bond bubble ? Any increase in price inflation could lead to big sell off...


September 25 – Bloomberg (Jeremy R. Cooke): "Benchmark borrowing costs for highly rated state and local governments dropped to a 42-year low this week... Net cash flows into municipal bond mutual funds rose to a record four-week moving average of $2.7 billion yesterday..."