A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Much of the government borrow, spend and transfer largess is scheduled to run off automatically without a major legislative effort to extend them. In other words, what is now required is going to be a bipartisan effort to deliberately budget anothe...
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The latest container shipments into the port of Los Angeles and Long Beach confirm that China (and Asia) is no longer nearly as much in the game. Inbound is down 10% from last year and 20% from the same month in 2007. I do think a little marginal production has shifted to the US, but it...
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17:12 CSCO Cisco Systems on Conference Call for Q2 expect revs in 3-5% y/y; op margins in the range of 23-25%; EPS $0.32-0.35; Thomson Reuters consensus $0.42 -Update-
17:11 CSCO Cisco Systems follow up: CSCO is now trading at 21.82, -11%, a...
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April’s tax deficit of $83 billion is the highest April deficit on record. Income was $245.3 billion, 8 percent below the total recorded during last year’s recession impacted take. Spending was $328.0 billion, up 14 percent year-over-year. Overall tax receipts are down 7.9 percent YoY, while individual income tax is down 21.5 percent YoY....
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May data on Las Vegas casino activity shows a 6.9 percent drop YTD/YoY in visitors, versus 2.8 percent more rooms. Room rate have been cut YTD 27 percent YoY to reach this. Convention attendance is down a whopping 28.6 percent, and gaming revenue YTD/YoY is down 13.2 percent.
My personal Priceline “negotiator” indicator...
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