USA makrouudistest on täna oodata jaanuari Case-Shilleri kinnisvara hinnaindeksit, langust võrreldes eelmise aastaga oodatakse 18.6%. Lisaks teatatakse märtsi tarbijausalduse numbrid (turu prognoos 28), mäletatavasti pakkusid veebruari omad turule suure üllatuse. Kuu eest oodati tarbijausaldusindeksi näiduks 35, tegelik number oli 25. Graafik Briefingu vahendusel:
German sportscar maker Porsche said Tuesday that its pretax profit jumped to 7.34 billion euros in the six months to Jan 31. Last year, the firm recorded a profit of 1.66 billion euros. The firm said that cash-settled share option transactions by which Porsche participates in changes in the stock exchange price of Volkswagen shares was the main driver for the profit jump. It recorded a 6.84 billion euro gain in the period from Volkswagen option deals, up from 850 million euros at the same point last year. Sales fell by 12.8% to 3.04 billion euros.
CNBC on reastanud 15 riiki/organisatsiooni/ühendust, kellele USA on kõige enam võlgu. 15. kohal on Luxemburg, 13. kohal Venemaa ($119.6B), 12. kohal UK ($124.2B), 4. kohal Jaapan ($634.8B), 3. kohal Hiina ($739.6B). Riikide arvestuses oleksid Hiina ja Jaapan kaks suuremat võlausaldajat, aga üldises arvestuses hoiavad veel rohkem USA võlakirju erinevad fondid ning loomulikult FED ($4.6T).
GigaMedia misses by $0.01, misses on revs (5.91 ) Reports Q4 (Dec) earnings of $0.14 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.15; revenues rose 0.8% year/year to $44.6 mln vs the $45.2 mln consensus. Co's outlook for its gaming software business: In the first quarter of 2009, GigaMedia expects revenues to be down approximately 10 percent from the fourth quarter of 2008 due to the serious economic downturn in Europe and continued weakness of the euro against the U.S. dollar. In hte Asian online games business, the company expects first-quarter 2009 revenues to be up approximately 30 percent from the fourth quarter of 2008 driven by a seasonal uptick and strong promotional campaigns surrounding the Chinese New Year holiday, as well as a rebound in FreeStyle revenues following successful resolution of a fourth-quarter hacking issue.
Lennar misses by $0.34, beats on revs (8.71 ) Reports Q1 (Feb) loss of $0.98 per share, includes $0.35 charge related to valuation adjustments and other write-offs and a $0.36 charge related to a non-cash deferred tax asset valuation allowance, $0.34 worse than the First Call consensus of ($0.64); revenues fell 44.2% year/year to $593.1 mln vs the $530.4 mln consensus. Gross margin on homes sales was 14.3%, excludes SFAS 144 valuation adjustments of $40.8 mln, down 280 bps. Gross margin on home sales was 6.5%, includes SGAS 144 valuation adjustments, down 780 bps. Co reports no outstanding balance under their credit facility as of Feb 28, 2009. Stuart Miller, President and CEO, said, "The housing market continued its downward trend throughout our first quarter. Despite historically low interest rates and some indicators pointing toward market stabilization, low consumer confidence, increased unemployment and growing foreclosure rates negatively impacted new home sales in most of our markets. While we are hopeful that the recent actions taken by the Federal government will help stimulate housing demand and restore consumer confidence, we continue to adjust our business to adapt to market conditions." Mr. Miller continued, "During the first quarter, we continued to focus on returning to profitability by concentrating on the basics of our homebuilding operations. We remained focused on repositioning our product to meet today's consumer demand for more affordable product. We reduced our construction costs by re-bidding and re-tooling our product and eliminated S,G&A expenses by restructuring our operations and consolidating operating divisions in the wake of declining volume levels."
Idioodid. Mis nende pensionifondide point on, kui raha kogutakse sinna ainult buumi ajal. Niigi need haledad fondijuhid jäävad kogu aeg turule alla, aga nüüd võetakse lisaks veel ära võimalus dollar cost average'ingut teha.
Eks peale piitsa peab präänik tulema. Kui II sambaga liitujad papi välja saaks võtta, siis see ongi, mis majanduse uuesti jalule tõstab. Läheb ju jubedaks shoppamiseks.
stocker, kui liitunu saaks raha välja võtta, oleks see magus küll. Aga kui alla taoks see osakute hinna, kui valdav enamus sooviks raha pensionifondidest välja võtta? Siis vist ei olegi enam nii magus :(
Idioodid. Mis nende pensionifondide point on, kui raha kogutakse sinna ainult buumi ajal. Niigi need haledad fondijuhid jäävad kogu aeg turule alla, aga nüüd võetakse lisaks veel ära võimalus dollar cost average'ingut teha.
Kuulsin ühte vanameest ühel seminaaril ütlemas umbes sellist asja - Nobody saw it coming. Nobody. Perhaps with the slight exeption of Nouriel Roubini....who saw it coming every year for the last 20 years. Kas kellelgi on Dr. Doom'i track recordist aimu ka? Minu jaoks oli ta kuni pauguni lihtsalt üks nimi, mida ma olin kuulnud, kuid nägemusega ei seostanud.
Aga kristjan.lepik, see BHSLKP on päris kõva bläkk tegelikult. Ma mäletan, kuidas kunagi reformi algusaegadel istusime sõbraga maas ning arutasime, kas liituda. Jõudsime järeldusele, et ei liitu.
Peamised põhjused olid:
a) 100% aktsiariski isu (noor mees, pension kaugel, muidugi tahad); b) arvamus, et suudame ise oma kapitali paremini kasvatada, kui pinsifondide juhid; c) arvamus, et poliitikud keeravad asja ühel hetkel peeti. Arvasime, et 10 aasta jooksul tekib olukord, kus taganetakse esialgu kokku lepitust.
Kusjuures kuu tagasi uurisin võimalusi II sambasse maksete peatamist. Oma suureks hämminguks selgus, et mul puudub see õigus v.a. juhul kui ma pensioni välja võtma ei hakka. Vangis kuni pensionini.
Nüüd aga on mul tõsine soov rongilt maha saada. Mõmmiku teine punkt ühtib minu arusaamisega.
