Negative free cash flow in Europe, slowing in China and the US, scandal in Spain, and telecom…
Daily Comments for 15 Jul 2013
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Yearly Archives
2013
The euro crisis is not over, Portuguese edition
Remember how French President Hollande was saying a month ago that the euro crisis is over? Well, he was wrong. Today portugal's yields on 10-year paper vaulted to as high as 7.9% before settling back down again.
The impact of T-Mobile’s new strategy on TMT
T-Mobile USA announced a plan to allow customers to upgrade mobile handsets every six months in the latest instalment in its Uncarrier strategy to brand itself as the customer-focused mobile telecom operator in the US. I believe the…
I like Microsoft’s new corporate strategy but execution is key
Microsoft announced a major strategic overhaul yesterday, shifting to a 'One Microsoft all the time' organizational structure. Now, all of Microsoft's business are in five main functional silos irrespective of platform. I applaud the move.…
The wastefulness of automation
What if automation means that what capitalists really want is a very small, highly skilled workforce to control the robots that do all the work? What if paying people enough to live on simply is not cost-effective compared to the running…
The housing appraisers warned us about the crisis but we didn’t listen
The appraisers’ petition began in 2000 and was public. When the regulators and prosecutors did nothing in response to the appraisers’ warning the appraisers delivered it to government officials to ensure that no one could say they were not…
Policy makers everywhere willing to reflate if necessary
(News links for 11 Jul 2013) The totality of what we have seen over the past two or three days shows that policy makers in the US, Europe and China all are standing at the ready to support reflation if the varying triggers they have are…
India: reserves declining, record outflows from bonds and shares
Barclays Capital had a sobering update on India today. Apparently June saw the largest outflows on record from India bonds and equities portfolios. As a result, declines in India's foreign reserves are becoming material.