More on GDP revisions, personal savings rates and how the sausage gets made
The magnitude of the revision is eye-catching. And my inner sceptic wonders how the initial data reads could have got it so wrong.
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A few comments about Amazon’s earnings report
The big problem with Amazon is valuation. It's hard to justify paying 90x this quarter's earnings for a company that is as mature as Amazon is, irrespective of the top-line growth.
GDP revisions and the US personal savings rate
This report was the first under a major revision to reporting of US economic data. The personal savings rate stood out.
US GDP figures, more on the US and EU vs China, and social media’s comeuppance
Daily newsletter post with thughts on the latest GDP numbers, a US-EU trade deal and the earnings numbers coming from social media companies
A few thoughts on the collapse of the Qualcomm-NXP deal
China just torpedoed a major global deal between two non-Chinese chipmakers. It is a signal of China's market power. Some thoughts below
Many Chinese companies ‘will go bankrupt’, if US delivers on tariff threats, court newspaper warns
If a US trade war escalation leads to a wave of bankruptcies in China, the Chinese escalate in kind.
Slowing growth at Facebook and the EU and the US vs China
Economic news yesterday was dominated by the Facebook revenue warning and an EU-US trade summit in Washington.
Earnings season, TMT consolidation and the threat of FAANG
The threat of technology is most acute in the TMT spaces because these are pure information industries where the Internet upends incumbent business models. So it is interesting to see how well the sector is doing during earnings season. In…
China’s pullback from and trade war with the US, Germany’s rebound and the EM currency…
Lots of positives. The earnings data looks good. This Goldilocks period for the US looks set to continue. Even Germany has shown some signs of economic strength recently.
Cable companies now under competitive threat, beginning to hemorrhage customers
A new study just released by eMarketer projects that US cable companies will 33 million customers this year, up from a loss of 24.9 million a year ago.