McDonald’s Asia Brings Down April Comparable Store Sales
Here’s the regional breakdown:
U.S. up 0.7% (Est. down 0.05%)
Europe down 2.4% (Est. down 1.01%)
Asia/Pacific, Middle East and Africa (APMEA) down 2.9% (Est. down 1.44%)
“In April, APMEA’s comparable sales declined 2.9%, reflecting the impact of Avian influenza, primarily in China, and softer results in Japan and Australia,” wrote the company.
Read more: http://www.businessinsider.com/mcdonalds-april-comparable-store-sales-2013-5#ixzz2Shss0jqs
McDonald’s Sales Slip 0.6% in April
CHART OF THE DAY: It Doesn’t Take A Genius [...]
What “Dr. Doom” Marc Faber is thinking now
“I do not trust the banking system…”
First, I am discussing capital flows and the general belief among some economists that trade and current account deficits do not matter because the money flows back in the form of investments in equities, bonds, real estate, direct investments, and corporate takeovers.
According to Barron’s Big Money Survey, “74% of large portfolio managers are bullish about stocks, which [...]
Sucker Alert? Insider Selling Surges After Dow 14,000
Insiders have been pulling out of stocks just as small investors are getting in.
Selling by corporate executives has surged recently as the Dow Jones Industrial Average hit 14,000 and retail investors flooded into stocks. The amount of insider selling has usually preceded market selloffs.
“In almost perfect coordination with an equity market that was rushing toward new all-time highs, insider sentiment has weakened sharply [...]
One week ago, when we reported the news that the Bundesbank had secretly pulled two thirds of its gold from London we said the following:
… Germany has done nothing wrong! It simply demanded a reclamation of what is rightfully Germany’s to demand.
And here is the crux of the issue: in a globalized system, in which every sovereign is increasingly subjugated to the credit-creating power of the globalized “whole”, one must leave all thoughts [...]
The Chinese government has called on key agencies including the central bank to come up with plans to deal with the potential economic risks of a Greek withdrawal from the euro zone, three sources with knowledge of the matter told Reuters on Monday.
The sources said the plans may include measures to keep the yuan currency stable, increase checks on cross-border capital flows and stepping up policies to stabilise the domestic [...]
Based on a swap-spread-based model, EURUSD should trade around 1.30, but based on GDP-weighted sovereign credit risk EURUSD should trade around 1.00; so who is right and what are the factors that supporting the Euro at higher levels than many would assume (given the rising probability of a Euro-zone #fail and the 0.82 lows from 2000). UBS addresses four key reasons for the apparent paradox based on the difference between ECB and Fed ‘monetization’, [...]
Bank of Korea Governor Kim Choong Soo urged major central banks to plan an orderly withdrawal of excess liquidity and said that further easing may hurt emerging economies and the global economic recovery.
Extra loosening “could do more harm than good when the financial markets are already flooded with cheap liquidity but remain nonetheless timid in their lending to the private sector,” Kim said in a speech prepared for a [...]
Thursday, April 12, 2012
It was 13 months ago we disclosed that the administration passed a stimulus bill known as the $17.5 billion “Hiring Incentives Act” to restore employment. It required that foreign banks not only withhold 30% of all outgoing capital flows, and disclosure of the full details of transactions of non-exempt holders to the Internal Revenue Service. They want the structure of how money ended up at [...]
It’s over folks. According to some analysts recent price swings indicate that the gold and silver run-up will soon be coming to an end.
Sharp falls in the gold price have prompted some bears or pessimists to predict it will plunge below $1,000 (£625) an ounce.
Goldcore priced bullion at $1,721 or £1,079 per ounce this morning, compared to yesterday’s fix of $1,788 or £1,121 per ounce. A spokesman said: “The [...]
European CEOs Move Cash to Germany In Case of Euro Breakup
By Manuel Baigorri and Richard Weiss
Dec. 9 (Bloomberg) — Grupo Gowex, a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it expects Spain to exit the euro. German machinery maker GEA Group AG is setting maximum amounts held at any one bank.
“I don’t trust Spain will remain in the euro zone,” said Jenaro Garcia, founder and [...]
by Charles Hugh Smith from Of Two Minds
Why The European Union Is Doomed
The structural flaw at the heart of the E.U. dooms it and the euro to either dissolution or radical tranformation.
To understand the structural flaw which dooms the European Union, we need to start with the Union’s fundamental financial characteristics.
The European Union established a single currency and trading zone for the classical Capitalist benefits this [...]
by Pam Heaven , financial post
Hereâ€™s something even one of Bay Streetâ€™s best-known bears can be bullish about.
David Rosenberg, chief economist of Gluskin Sheff + Associates, listed in his morning note Wednesday 15 reasons to love the loonie (He couldnâ€™t stop at 10).
So letâ€™s hear it for Canadaâ€™s currency:
1. Better growth than the U.S. and without need for stimulus
2. Responsible central bank, limiting growth in its balance sheet
As the mainstream media finally made a big story out of capital flows after ignoring the topic with impunity for 33 straight weeks (of $90 billion worth of outflows), the question many ask themselves is whether last week’s minimal inflow into domestic equity funds is indicative of a shift in risk sentiment, and more specifically whether the outflows in bonds will if not accelerate, [...]
Policymakers from Brazil to South Korea and China on Thursday pledged to come up with fresh measures to curb capital inflows after the U.S. Federal Reserve said it would print billions of dollars to rescue the economy.
The frosty reaction from emerging economies makes any substantive deal on global imbalances and currencies at next week’s Group of 20 meeting that Seoul is hosting even less likely.
IMF has once again done only a lip service without any tangible suggestion even towards a long term solution.
The reality is â€œvolatile capital flowâ€ is an advantage for private capital from developed countries flowing into emerging countriesâ€¦.Simply because they get better returns. US investment abroad consistently produced 2% plus return against foreign investment in US since the 1970s. Most of these private capital [...]