Tagged with economics - Personal View Talks http://personal-view.com/talks/discussions/tagged/economics/feed.rss Sun, 01 Feb 15 09:33:14 -0700 Tagged with economics - Personal View Talks en-CA Amazon http://personal-view.com/talks/discussion/1604/amazon Wed, 30 Nov 2011 22:33:40 -0700 Vitaliy_Kiselev 1604@/talks/discussions


Via: http://forum.bodybuilding.com/showthread.php?t=140089533]]>
Branding http://personal-view.com/talks/discussion/1688/branding Thu, 08 Dec 2011 23:29:24 -0700 Vitaliy_Kiselev 1688@/talks/discussions Numark Industries is a global DJ equipment brand. It makes DJ mixers, turntables, and DJ CD players.
Numark has launched a second brand, ION Audio for their consumer line products including many electronics that plug in to computers via USB, and recently extended its portfolio with the acquisition of Alesis and Akai.

Audiovox said on Thursday it has signed a “non-binding term sheet” to acquire all of Klipsch’s shares. That's right, Audiovox, a rather large company (bigger than some might think) will soon control all of Klipsch’s brands, including Jamo, Mirage, Energy and Athena. Audiovox is a leader in the automotive electronics and accessories field and even have a large presence in the consumer electonics category. Audiovox markets products under the Audiovox, RCA, Jensen, and Acoustic Research brand names.

Harman International Industries is an American-based international audio and infotainment equipment company. Harman International's consumer group makes loudspeakers, CD and DVD players, CD recorders, and amplifiers under several brand names such as Harman Kardon, JBL, and Infinity.

The Vitec Group plc, headquartered in Kingston upon Thames, not far from London, UK, supplies a wide range of equipment and services to the broadcasting, entertainment and photographic markets. The Vitec Group is listed at the Stock Exchange in London (Engineering) and is comprised of 3 divisions that manage a total of 15 brands. Gitzo, Manfrotto, Avenger Lighting Grip, Kata, National Geographic, Litec, Tomcat, Brilliant Stages, Sachtler,
Vinten, Vinten Radamec, OConnor, Petrol Bags, Litepanels, Anton/Bauer, Autoscript, Nucomm, RF Extreme, Microwave Service Company, The Camera Store.

Chinese invasion: TP-Link http://personal-view.com/talks/discussion/241/chinese-invasion-tp-link Thu, 16 Jun 2011 13:12:04 -0600 Vitaliy_Kiselev 241@/talks/discussions I use their network equipment and it works perfect (it means that I absolutely do not notice it :-) ).
Plus interviewer is really smart guy, one of the best Russian IT journalists.

Russian version - http://www.3dnews.ru/offsyanka/612497/

English translation -
The Servant Economy: Where America's Elite is Sending the Middle Class http://personal-view.com/talks/discussion/6770/the-servant-economy-where-americas-elite-is-sending-the-middle-class- Mon, 22 Apr 2013 05:58:00 -0600 Vitaliy_Kiselev 6770@/talks/discussions image

Useful book.

Media talking heads complain that Washington is “dysfunctional.” But it is functioning very well—in the interests of those at the top of the economic pyramid. Growing inequality is not an accident. The rich are getting richer from the same policies that are making American workers poorer.


US: Poor families in deep hole http://personal-view.com/talks/discussion/11295/us-poor-families-in-deep-hole Mon, 15 Sep 2014 23:13:51 -0600 Vitaliy_Kiselev 11295@/talks/discussions image


Rich become richer http://personal-view.com/talks/discussion/10641/rich-become-richer Fri, 20 Jun 2014 15:19:23 -0600 Vitaliy_Kiselev 10641@/talks/discussions image




Japan: Sony optimization http://personal-view.com/talks/discussion/2819/japan-sony-optimization Mon, 09 Apr 2012 13:41:30 -0600 Vitaliy_Kiselev 2819@/talks/discussions Sony Corp. plans to reduce its work force by an estimated 10,000 jobs, or roughly 6% of its global total, as part of a broader restructuring plan by Chief Executive Kazuo Hirai, people familiar with the matter said Monday.

The cuts could be made over the next two fiscal years, ending in March 2014, though the timing hasn't been settled, the people said. The potential cuts were the first details to emerge of Mr. Hirai's restructuring plan since he succeeded Howard Stringer as CEO this month. The plan is expected to be announced at a corporate strategy meeting on Thursday.

Mr. Hirai is focusing on turning around an electronics business that has had four straight years of losses.

Via: http://online.wsj.com/article/SB10001424052702303772904577333162194832288.html?mod=googlenews_wsj

From colonies to owners http://personal-view.com/talks/discussion/9176/from-colonies-to-owners Mon, 23 Dec 2013 09:40:59 -0700 Vitaliy_Kiselev 9176@/talks/discussions Per capita fossil fuels consumption:


Now we also add gas consumption and look at this from other perspective.

Colonies live different life starting from Tanzania, up to Bulgaria and Moldova (both countries consumption is falling each year).

Same source as http://www.personal-view.com/talks/discussion/9118/per-capita-oil-consumption#Item_1

US: USPS - always ahead of time http://personal-view.com/talks/discussion/8427/us-usps-always-ahead-of-time Mon, 14 Oct 2013 14:03:46 -0600 Vitaliy_Kiselev 8427@/talks/discussions

The U.S. Postal Service has defaulted on a $5.6 billion payment for retiree health benefits that was due on Monday, just as the Postmaster General had warned it would.

he said the Postal Service was "in the midst of a financial disaster" and that it is "burdened by an outdated and inflexible business model" that prevents it from making payments.

Postal Service hit its debt limit last year, which means that it cannot borrow any more money from the U.S. Treasury.

The Postal Service plans to cut 150,000 workers.


Italy: Doom and gloom http://personal-view.com/talks/discussion/7066/italy-doom-and-gloom Sat, 25 May 2013 13:36:53 -0600 Vitaliy_Kiselev 7066@/talks/discussions

Italy has the highest level in Europe of young people who are neither in education nor employment, at 23.9 percent, the study showed. In Italy's impoverished south, one in three people aged 15-29 fell into this group.

The number of people living in families considered to be seriously deprived has doubled in the past two years to 8.6 million, or about 14 percent of the population, ISTAT said. Families who meet more than four of nine poverty indicators are considered seriously deprived. These include not being able to heat their home adequately, which affected one in five people in 2012 according to the report, twice as many as in 2010.

The percentage of people in families who could not afford to eat a protein-based meal such as meat every two days rose to 16.6 percent in 2012 from 12.4 the previous year and 6.7 percent in 2010.

About 14.9 million people, or a quarter of Italy's 61 million population, are living in families that meet three of more of ISTAT's poverty indicators.

Just 57.6 percent of young people who graduated within the last three years are in employment, well below a European average of 77.2 percent, the data showed.

Italians' purchasing power fell by 4.8 percent last year, an "exceptionally steep" decline caused largely by aggressive tax hikes aimed at strengthening public finances, following four years of smaller falls, ISTAT said.

A traditionally high savings rate in Italy has dwindled steadily and is now far below those of France and Germany, with the situation becoming particularly acute in the poor south, the report said.

Via: http://www.reuters.com/article/2013/05/22/us-italy-economy-poverty-idUSBRE94L0AX20130522

But, of course as some guys told us previously, if we look at this data properly, all this people just went into undegraund and invisible small manufacturing sector that store all the products in the basement not selling them, hence all the statistic data.

Japan: March day, March day! Fuck... Mayday! Mayday! http://personal-view.com/talks/discussion/2649/japan-march-day-march-day-fuck...-mayday-mayday Wed, 21 Mar 2012 23:06:41 -0600 Vitaliy_Kiselev 2649@/talks/discussions Charts from old, but useful post on ZeroHedge http://www.zerohedge.com/article/guest-post-when-japan-collapses









Global Economy Improvements news 1 http://personal-view.com/talks/discussion/8669/global-economy-improvements-news-1 Tue, 05 Nov 2013 06:52:37 -0700 Vitaliy_Kiselev 8669@/talks/discussions

Acer reported a net loss of $446 million in Q3, and plans to cut its staff headcount by seven percent globally in an effort to save $100 million in annual operating expenses.

CEO resigned.

The global top-5 notebook brand vendors saw their combined shipments drop 18% on month in October, while the top-3 notebook ODMs together also saw an on-month shipment drop of 14%.


Italy: Crisis is almost over, kind of http://personal-view.com/talks/discussion/8497/italy-crisis-is-almost-over-kind-of Mon, 21 Oct 2013 16:55:16 -0600 Vitaliy_Kiselev 8497@/talks/discussions

The yearly report from the Association for the Development of industry in the Mezzogiorno, Svimez, published Oct. 17, shows a dramatic improvements of all aspects of the crisis.

  • In 2012 there have been more deaths than births. That has not happened since 1918, the end of World War I.

  • Adjusted unemployment figures are 28.4% (officially 17%)

  • In 2009-2012 manufacturing lost 20% of the labor force.

  • In 2008-2013 some 560,000 jobs have been lost in all sectors.

  • In 2007-2012, industrial investments dropped 47%.

  • The GDP dropped 3.2% in 2012 (as against 2.1% in Northern Italy). In 2007-2012, GDP dropped 10% in the Mezzogiorno.

  • GDP per capita is EU17,263 against EU30,073 in Central/Northern Italy. The gap between the richest region in per-capita GDP (Val d'Aosta at EU34,415) and the poorest (Calabria at EU16,460) is almost EU18,000.

*Almost one-fifth of Sicilian families live on less than EU1000 a month. Some 62% of southern families belong to poorer strata (adopting a division in five sections, 100 families in five classes of 20).

Where people now spend their money, instead of buying cameras http://personal-view.com/talks/discussion/8480/where-people-now-spend-their-money-instead-of-buying-cameras Sat, 19 Oct 2013 12:14:15 -0600 Vitaliy_Kiselev 8480@/talks/discussions

If the five other big energy suppliers follow the lead of SSE and raise their gas and electricity prices by a similar amount, it is predicted that the average dual fuel bill would rocket to just under £1,500 a year from £1,353.

Eon, Scottish Power, EDF Energy, nPower and British Gas are expected to announce their new tariffs shortly.

Last week, SSE said that annual dual fuel bills would go up by an average of 8.2 per cent from mid-November.

Ann Robinson, director of consumer policy at uSwitch, said: "This is dangerously close to the tipping point of £1,500, beyond which 59 percent of households will be going without adequate heating and 36 percent will be forced to turn their heating off entirely ."

Via: http://www.express.co.uk/finance/city/436422/Fuel-hikes-to-push-families-over-edge

EU: Less fair - more rich http://personal-view.com/talks/discussion/7134/eu-less-fair-more-rich Sun, 02 Jun 2013 12:02:19 -0600 Vitaliy_Kiselev 7134@/talks/discussions Wealth median top 20% / wealth median bottom 20%


Fun, isnt't it?

Cyprus bail-out means losing 80-100% of savings to bank confiscation http://personal-view.com/talks/discussion/6411/cyprus-bail-out-means-losing-80-100-of-savings-to-bank-confiscation Sat, 16 Mar 2013 12:55:50 -0600 ahbleza 6411@/talks/discussions This is amazing. Under the terms of the bailout for Cyprus, all account holders with more than 100.000 Euros of savings will immediately forfeit 10% of their money. Wow. I wonder how long it will take before other bailouts across Europe mean that savings accounts will be taxed 10% or more to pay for the mistakes of the governments. And of course Cyprus has a lot of Russian money laundering cash in their banks....




Camera sales history, part 2 http://personal-view.com/talks/discussion/7436/camera-sales-history-part-2 Fri, 05 Jul 2013 09:40:20 -0600 Vitaliy_Kiselev 7436@/talks/discussions Bunch of new charts. This time we will focus on money part in contrast to units sold numbers in first part.

System cameras shipment (thousands of yen):


System camera shipment (USD, used average course per month):


Average unit price (thousands of yen):


Average unit price (USD):


DSLR and mirrorless cameras shipment (thousands of yen):


DSLR and mirrorless cameras shipment (USD):


Average unit price for DSLR and MR (thousands of yen):


Average unit price for DSLR and MR (USD):


US: System improved to near collapse state http://personal-view.com/talks/discussion/7571/us-system-improved-to-near-collapse-state Sun, 21 Jul 2013 08:37:21 -0600 Vitaliy_Kiselev 7571@/talks/discussions image




EU: Good News, sales of heaters falled http://personal-view.com/talks/discussion/6977/eu-good-news-sales-of-heaters-falled Thu, 16 May 2013 08:34:59 -0600 Vitaliy_Kiselev 6977@/talks/discussions

PC shipments in Western Europe totaled 12.3 million units in the first quarter of 2013, a decline of 20.5% from the corresponding period of 2012, >according to Gartner.

"The first quarter of 2013 brought the worst quarterly decline in Western Europe since Gartner started tracking PC shipments in this region," said Meike Escherich, principal research analyst at Gartner. "Wide availability of Windows 8-based PCs could not boost consumer PC purchases during the quarter. Although the new Metro-style user interface suits new form factors, users wonder about its suitability for traditional PCs - non-touchscreen desktops and notebooks."

All PC segments in Western Europe exhibited on-year declines in the first quarter of 2013. Mobile and desktop shipments fell by 24.6% and 13.8%, respectively. Shipments to the professional PC market declined by 17.2%, while those to the consumer PC market decreased by 23.7%.

Hewlett-Packard (HP) and Acer both recorded declines of over 30%. However, despite seeing its consumer notebook volumes halve during the quarter, HP remained the market leader.

In the first quarter of 2013, the mobile PC market accounted for 62% of PC shipments in France as volumes decreased by 26%. "One reason for the decline was a drop in netbook shipments, which represented less than 1% of all notebook shipments in France during the quarter," said Durand. The decline in desktops, of 24%, was less steep than that of mobile PCs

Via: http://www.digitimes.com/news/a20130516PR204.html

US: Yes we can... eat, but can't make a shit http://personal-view.com/talks/discussion/7437/us-yes-we-can...-eat-but-cant-make-a-shit Fri, 05 Jul 2013 13:31:23 -0600 Vitaliy_Kiselev 7437@/talks/discussions image

via: http://www.zerohedge.com/news/2013-07-05/no-manufacturing-jobs-more-waiters-and-bartenders-ever

Camera sales history http://personal-view.com/talks/discussion/7424/camera-sales-history Wed, 03 Jul 2013 21:24:08 -0600 Vitaliy_Kiselev 7424@/talks/discussions Both system cameras and compact shipments in last two and half years.


Only system cameras:


Only compacts:


US: Oil and statistics http://personal-view.com/talks/discussion/7389/us-oil-and-statistics Sat, 29 Jun 2013 15:28:47 -0600 Vitaliy_Kiselev 7389@/talks/discussions Difference between EIA data and TRC data (Texas Railroad Comission, get all data from every oild or gas company in Texas).


Difference betweem EIA data and BOEM (Bureau of Ocean Energy Management).


Overall forecast


With coal it is also not all good


Just few pictures showing some fundamental things causing financial (and not only) issues.
Also perfectly explaing why goverment want so badly to have as much gays (married, preferably) as possible.
Nothing to do with rights, just as method to reduce population.

More good charts at http://www.energywatchgroup.org/fileadmin/global/pdf/EWG-update2013_long_18_03_2013.pdf

US: People are preparing for fast improvements http://personal-view.com/talks/discussion/7369/us-people-are-preparing-for-fast-improvements Thu, 27 Jun 2013 01:39:15 -0600 Vitaliy_Kiselev 7369@/talks/discussions

Fiscal 2013 was a year highlighted by several financial and operational achievements. Our successful performance was driven by solid marketing, innovative new products, disciplined manufacturing execution and strict financial management. All of our achievements aligned directly with our great strategy, which is underpinned by a focus on our core firearm business. We achieved record annual and fourth quarter net sales and profits from continuing operations, as well as substantial improvement in our gross margins. Performance gains over the year were driven by strong consumer demand for our products, which we believe is due to heightened awareness paired with our ability to significantly increase our manufacturing capacity. Full year sales growth of nearly 43% was driven in large part by our increased M&P production. Demand remains strong across our product portfolio, and we excelled in a very dynamic market environment by remaining focused on executing our key strategic growth initiative.

Smith & Wesson earnings call transcript

Via : http://seekingalpha.com/article/1521272-smith-wesson-holding-management-discusses-q4-2013-results-earnings-call-transcript

Thoughts about tax system http://personal-view.com/talks/discussion/7366/thoughts-about-tax-system Wed, 26 Jun 2013 23:31:28 -0600 Vitaliy_Kiselev 7366@/talks/discussions Current tax system became completely unbearable.

Few key things required for such strange system to work:

  • Lots of young people with low amount of old people
  • Exponential grouth of population
  • Exponential grouth of energy and resources available
  • many more similar things

problem is that all requirements are not met now.

Why the system is still working?

Few simple things:

  • Big corporations who have main money going via offshores and special tax rules and returns. Each year they become even bigger.
  • Manual money injection system, where banks and goverment structures provide high marginal contracts and non returnable (in reality) credits to guys they know and like.
  • Direct tax returns and special goverment programs for smaller businesses

My personal view is that whole modern tax system must be eliminated and replaced with unusual approach to accounts and sole national bank.

Poland: To be competitive you need to work more, earn less http://personal-view.com/talks/discussion/7312/poland-to-be-competitive-you-need-to-work-more-earn-less Fri, 21 Jun 2013 05:07:02 -0600 Vitaliy_Kiselev 7312@/talks/discussions

On June 13, the Polish government eliminated the 8-hour working day, a right which was won in 1919. The government supposedly is trying to make Poland even more "competitive" for capitalists who want to earn more through exploiting the poor worker protection in the country and the scandalously low wages.

This is a major attack to the working class, smuggled by with little notice of the world press and little protest of the collaborationist unions. Poland is the laboratory for the introduction of the worst neoliberal dismantling of workers rights and the working class lived up to their masters' expectations by keeping at work, begging for crumbs from their masters' hands. If it went so smoothly here, one wonders where they will strike next.

The elimination of the 8 hour day is accomplished by increasing accounting periods for calculating the average amount of hours worked for the whole year and by also introducing flexible working hours. In the past, you had to have a certain resting time between your shifts and if your shifts were moved from day to day, it could be considered outside your normal working time. You would then be entitled to overtime pay. The new rules allow bosses to impose much longer working days, so long as if some other time of the year they cut the hours. For workers in some industries and areas, this could mean long days for all their working time, and a few months of idleness, instead of stable working hours. It is also not clear what rights workers who are hired temporarily (for example for 6 months) would have under this scheme. What is clear is that already for many years, Polish employers openly defy whatever rights workers still have and nobody wants to crack down on them.

Via: http://libcom.org/news/poland-does-away-8-hour-day-15062013

UK: Energy poverty http://personal-view.com/talks/discussion/7286/uk-energy-poverty Tue, 18 Jun 2013 10:43:11 -0600 Vitaliy_Kiselev 7286@/talks/discussions image

United Kingdom now produces only 40% of the energy it did in 2000.

EU: Employement is good as always http://personal-view.com/talks/discussion/7264/eu-employement-is-good-as-always Sun, 16 Jun 2013 00:45:46 -0600 Vitaliy_Kiselev 7264@/talks/discussions image

Via http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-14062013-BP/EN/2-14062013-BP-EN.PDF

Germany: Back to the future http://personal-view.com/talks/discussion/7148/germany-back-to-the-future Tue, 04 Jun 2013 02:27:17 -0600 Vitaliy_Kiselev 7148@/talks/discussions

Germany’s dash for coal continues apace. Following on the opening of two new coal power stations in 2012, six more are due to open this year, with a combined capacity of 5800MW, enough to provide 7% of Germany’s electricity needs.

Including the plants coming on stream this year, there are 12 coal fired stations due to open by 2020. Along with the two opened last year in Neurath and Boxberg, they will be capable of supplying 19% of the country’s power.

In addition, 27 gas fired stations are due on line, which should contribute a further 17% of Germany’s total electricity generation. (Based on 2011 statistics, total generation was 575 TwH).

After being ordered to shut their nuclear reactors due to uranium shortage, country is going in the right way delivering readicactive particles directly to citizens lungs.

Unmanageable Complexity: Parasites http://personal-view.com/talks/discussion/7166/unmanageable-complexity-parasites- Wed, 05 Jun 2013 02:32:03 -0600 Vitaliy_Kiselev 7166@/talks/discussions One of very interesting properties of current world situation is that different parts of society live according to the different rules and have different expectations.

Short period of exponential rise in available energy and resources made new stratum. Parasitic Stratum.
Parasitic stratum started to eat available resources with constantly insreasing amount. But increasing at linear rate.
Situation changed as exponential growth stopped.
And after stopping in many areas started to require more and more resources to just keep at present level.

Problem is that parasitic stratum still eat more and more resources and now this linear rate is unsustainable. If you won't be getting resources from most other stratums. :-) And this is that we can see around yourself.

Each day patasites around the world look more and more inadequate to present situation.

But having power, armies and mass media they keep things under control.

EU: Optimizm shines through the hole in coffin http://personal-view.com/talks/discussion/7138/eu-optimizm-shines-through-the-hole-in-coffin Sun, 02 Jun 2013 20:21:28 -0600 Vitaliy_Kiselev 7138@/talks/discussions
  • The eurozone is now in the midst of its longest recession ever. Economic activity in the eurozone has declined for six quarters in a row.
  • Italy's economy has now been contracting for seven quarters in a row.
  • Industrial production in Italy has fallen for 15 months in a row. It has now fallen to its lowest level in about 25 years.
  • The number of people that are considered to be "seriously deprived" in Italy has doubled over the past two years.
  • Consumer confidence in France has just hit a new all-time low.
  • The number of unemployed workers seeking a job in France has hit a brand new all-time record high.
  • Unemployment in the eurozone as a whole has just hit a brand new all-time record high of 12.2 percent.
  • Youth unemployment continues to soar to unprecedented heights in Europe. In Greece, 62.5% of young people are out of work, in Spain it's 56.4%, then Portugal with 42.5%, and then Italy with 40.5%.

Via: http://theeconomiccollapseblog.com/archives/18-signs-that-massive-economic-problems-are-erupting-all-over-the-planet