Tagged with economics - Personal View Talks http://personal-view.com/talks/discussions/tagged/economics/feed.rss Mon, 18 Jun 18 17:06:25 -0600 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 ]]> US: Stores closings - road to hell http://personal-view.com/talks/discussion/6165/us-stores-closings-road-to-hell Mon, 18 Feb 2013 07:39:35 -0700 Vitaliy_Kiselev 6165@/talks/discussions 2013 stores closings

Best Buy - 200 to 250

Kmart - 175 to 225

Sears - 100 to 125

J.C. Penney - 300 to 350

Office Depot - 125 to 150

Barnes & Noble - 190 to 240

Gamestop - 500 to 600

OfficeMax - 150 to 175

RadioShack - 450 to 550

Via: http://finance.yahoo.com/news/eight-retailers-that-will-close-the-most-stores-173320796.html?page=1

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.


Energy http://personal-view.com/talks/discussion/4815/energy Thu, 04 Oct 2012 13:51:58 -0600 Vitaliy_Kiselev 4815@/talks/discussions image

Makes quite easy to understand current "democratization" trends.

If you add here huge deficits (both financial, production and fuel) of many guys in green here, it'll be even more interesting.

For ordinary citizen difference is much more than you can initially think looking at numbers as they account all consumption including agriculture and manufacturing.

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.

US: Media http://personal-view.com/talks/discussion/3603/us-media Sun, 17 Jun 2012 05:11:13 -0600 Vitaliy_Kiselev 3603@/talks/discussions Interesting graphics about criminal gangs I talked about recently.


Via: http://www.businessinsider.com/these-6-corporations-control-90-of-the-media-in-america-2012-6

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 -
Oil and money http://personal-view.com/talks/discussion/6382/oil-and-money Tue, 12 Mar 2013 10:14:09 -0600 Vitaliy_Kiselev 6382@/talks/discussions image

Via: http://www.slideshare.net/DouglasWestwood/sns2012-1-mar-2012-jw-slideshare

US: Bonds http://personal-view.com/talks/discussion/3401/us-bonds Tue, 29 May 2012 10:25:52 -0600 Vitaliy_Kiselev 3401@/talks/discussions Interesting opinion:

The recent losses from JPMorgan have proved to be much more based upon suspending gravity with 0% official rates in the Delta-Hedging complex game tied to the vast over-burdened Interest Rate Swap contracts, rather than the European sovereign bonds as first claimed. The Jackass is on record on May 11th, aided by the indefatigable forensic analyst Rob Kirby, in pointing to Interest Rate Swap stresses from the sudden March and April movement in the 10-year USTreasurys within the strained bloated USGovt sovereign bond market. The IRSwap setbacks were the underlying cause of the JPM losses. The giant bank does not want attention give to this derivative tool which controls the bond market in a devious artificial manner. As far as debt is concerned, the United States is Greece times 100. It is Italy times 20. It receives a pass from the bond market, precisely because the nation prints the money and controls the vast Interest Rate Swap support mechanism. But the tower is finally exposed.

The IRSwaps act like giant buttresses to support the evergrowing USTreasury Tower of Babel that stretches to the sky. Every year, the expansive tower grows another $1.5 trillion higher. Every year, the challenge grows exponentially for the JPMorgan master financial engineers to apply their control panel magic to achieve equilibrium. Every year, the degree of difficulty becomes more arduous. Every year, the tower must withstand the high winds from Europe, where the bond market is doing more than undergoing stress. It is crumbling before our eyes. In a way, Europe helps to conceal the great strains from the broken USTreasury Bond market, held together by interest derivatives. Few analysts connect the failure of the Draghi LTRO funds to the JPMorgan losses. They do not grasp the gravity of the USTBond problem. They prefer to focus on FINREG for regulatory changes centered on the Volcker Rule, or on the division of proprietary trading. They focus on the personalities of the so-called Whale. Now a new verb has entered the lexicon, as a firm was just "Iksil-ed" to mean they suffered massive leveraged losses in a high risk game of playing god in the financial markets. JPMorgan cannot hedge since THEY ARE THE MARKET. What the Whale or JPMorgan do is attempt to maintain balance of the USTreasury Tower of Babel, which grows every year to try to touch the sky, to achieve the perfect world. They scrape the devil's attic door instead.

Without any doubt whatsoever, the ultimate problem is that the bond market cannot defy the natural forces (gravity on the tower) from enormous new supply coming to the USTBond market (higher tower) in the form of $1.5 trillion deficits, and keep the bond yield at 0% for the FedFunds and under 2.0% on the TNX. Essentially the 0% rate is an engineering display of the most extreme arrogance. It is tantamount to placing the buttress support structure at a very low position. The sovereign bonds of Southern Europe with their 5% or 6% bond yields have the equivalent of buttresses place in very high positions, sufficient to endure the whips and sways from the high winds and routine vagaries dealt by the never-ending global financial crisis. In my opinion, the global financial crisis is far more than that. It is instead a global monetary war, to preserve the USDollar supremacy at all costs, with victims being the Western banking systems and the Western economies. The entire platform that supports the major fiat currencies is collapsing, namely the sovereign bonds. The platform is breaking at its weakest points, where it has non-homogeneous planks in Southern Europe that do not fit together. Imagine how the USTreasury Bond market would look if all 50 states had their own sovereign debt as components to the entire USGovt. Imagine each year the $1.5 trillion in debt were apportioned as 15% to California, 4% to Texas, 8% to New York, 8% to Florida, in shared responsibility. Imagine each state had its own bond traded in a market that strived for equilibrium, each with a unique bond yield, all tethered to the USDollar. The United States would fracture in six months from the stress, not the least factor for which would be the apportionment of syndicate banker benefit and divvying up the war costs. That is Europe in parallel.

Read full at http://www.marketoracle.co.uk/Article34819.html

1000$ camera... what is the best choice (mainly for video)? http://personal-view.com/talks/discussion/14858/1000-camera...-what-is-the-best-choice-mainly-for-video Thu, 24 Mar 2016 02:07:55 -0600 lumixmaxgh3 14858@/talks/discussions Panasonic GH4 (v-log) Samsung NX1 (upcoming hack) Sony a6300 (S-log3)

your opinion?

Robots coming http://personal-view.com/talks/discussion/560/robots-coming Mon, 01 Aug 2011 11:31:03 -0600 Vitaliy_Kiselev 560@/talks/discussions Taiwanese technology giant Foxconn will replace some of its workers with 1 million robots in three years to cut rising labor expenses and improve efficiency, said Terry Gou, founder and chairman of the company, late Friday.

The robots will be used to do simple and routine work such as spraying, welding and assembling which are now mainly conducted by workers, said Gou at a workers' dance party Friday night.

The company currently has 10,000 robots and the number will be increased to 300,000 next year and 1 million in three years, according to Gou.

Via: http://news.xinhuanet.com/english2010/china/2011-07/30/c_131018764.htm

Reading such stuff I feel how unemployment will be reduced in US.
Most probably people will be moved out of labor force with faster pace and robots included to make statistics look better.

Wal-Mart http://personal-view.com/talks/discussion/3785/wal-mart Thu, 05 Jul 2012 04:59:59 -0600 Vitaliy_Kiselev 3785@/talks/discussions
  • The average U.S. family now spends more than $4000 a year at Wal-Mart.
  • In 2010, Wal-Mart had revenues of 421 billion dollars. That amount was greater than the GDP of 170 different countries including Norway, Venezuela and the United Arab Emirates.
  • If Wal-Mart was a nation, it would have the 23rd largest GDP in the world.
  • Wal-Mart now sells more groceries than anyone else in America does. In the United States today, one out of every four grocery dollars is spent at Wal-Mart.
  • Amazingly, 100 million customers shop at Wal-Mart every single week.
  • Wal-Mart has opened more than 1,100 "supercenters" since 2005 alone.
  • Today, Wal-Mart has more than 2 million employees.
  • If Wal-Mart was an army, it would be the second largest military on the planet behind China.
  • Wal-Mart is the largest employer in 25 different U.S. states.
  • According to the Economic Policy Institute, trade between Wal-Mart and China resulted in the loss of 133,000 manufacturing jobs in the United States between 2001 and 2006.
  • The CEO of Wal-Mart makes more in a single hour than a full-time Wal-Mart associate makes in an entire year.
  • Tens of thousands of Wal-Mart employees and their children are enrolled in Medicaid and are dependent on the government for healthcare.
  • Between 2001 and 2007, the value of products that Wal-Mart imported from China grew from $9 billion to $27 billion.
  • Sadly, about 85 percent of all the products sold at Wal-Mart are made outside of the United States.
  • It is being reported that about 80 percent of all Wal-Mart suppliers are in China at this point.
  • Amazingly, 96 percent of all Americans now live within 20 miles of a Wal-Mart.
  • The number of "independent retailers" in the United States declined by 60,000 between 1992 and 2007.
  • According to the Center for Responsive Politics, Wal-Mart spent 7.8 million dollars on political lobbying during 2011. That number does not even include campaign contributions.
  • Today, Wal-Mart has five times the sales of the second largest U.S. retailer (Costco).
  • The combined net worth of six members of the Walton family is roughly equal to the combined net worth of the poorest 30 percent of all Americans.
  • Via: http://theeconomiccollapseblog.com/archives/is-wal-mart-destroying-america-20-facts-about-wal-mart-that-will-absolutely-shock-you

    World Migration - Never Before Have So Many People Wanted to be Somewhere Else http://personal-view.com/talks/discussion/13267/world-migration-never-before-have-so-many-people-wanted-to-be-somewhere-else Wed, 24 Jun 2015 04:14:33 -0600 goanna 13267@/talks/discussions

    new data, released by the United Nations, shows how the number of international migrants has increased by nearly 80 million over the last 25 years.

    In 1995, there were more than 154 million migrants who left their home country and moved to another for various reasons. In comparison, that number had risen to 231 million globally by 2013, according to the international migrant stock trends data. from The Daily Mail

    (Click on picture for interactive map)


    The top worldwide destinations for international migrants were the U.S., Russia, Germany, Saudi Arabia, the UAE, UK and France, according to the data.

    US: Energy and Globalization http://personal-view.com/talks/discussion/3507/us-energy-and-globalization Fri, 08 Jun 2012 07:13:52 -0600 Vitaliy_Kiselev 3507@/talks/discussions All mass media and all popular sites and blogs constantly tell you how awful it is that US exported big number of manufacturing jobs, heavy industry jobs and many others and replaced them by service jobs and hidden unemployment.

    What if this is false assumption? What if in the mid term, it was not dumb move, but smart one

    If you reduce energy consumption by industry. If you pay for all other energy, that had been used to produce imported goods, by zeros in database and some very questionable knowledge. If most other countries, who have worse energy balance and outlook, are now also on the same needle.

    What if near future will be not be battle for people and areas, as it had been previously? But battle for resources, where nations, who won't have access to them, will pay using their workforce. Billions of new slaves, working for some food and $1 per day. Corporations do not care.

    Social media disruptor? http://personal-view.com/talks/discussion/13217/social-media-disruptor Thu, 18 Jun 2015 13:33:54 -0600 suresure123 13217@/talks/discussions I was shown this cool app recently, it combines a Telegram messenger app with cryptocurrency so you can send money to people just like you would a text message. What I like is in theory it could bypass the big social media companies as the app connects advertisers with users (as much as they want) but must pay for their attention. Kind of brilliant idea I think. You earn coins by inviting friends, it could go crazy viral soon so I bought some of the coins hoping for another 'Bitcoin'. If you download the app post your address and maybe I'll send a few coins so you can test the app.


    Contraction http://personal-view.com/talks/discussion/5336/contraction Fri, 30 Nov 2012 15:04:46 -0700 Vitaliy_Kiselev 5336@/talks/discussions

    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