Moon Kil Woong
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Buy Chipotle As The Company Expands And Resists Recession Fears [View article]
Ralph Lauren: The Epitome of Luxury [View article]
Outlets Are No Longer Outlets in the Traditional Sense [View article]
As for shopping for clothes, I suggest you find what you want in the stores and buy online. Only branding companies should sell in stores and expect no one to buy there but to try things out and buy elsewhere. Take it from Apple, it works.
Multinationals: A Safe Way to Play the Coming Drop in the U.S. Dollar [View article]
Right now there seems to be some more wage deflation so it will help balance things out and the Fed has pledged to slow down QE. Then act II of Obama stimulus takes place. Then the dollar drops again. Then if a recovery doesn't take hold the middle class becomes impoverished and consumption drops leading to a tendancy for deflation. Then the Fed etc print more money. then the dollar drops. This type of process has been going on since the beginning of the recession.
If you get sick of it, I suggest you take Larry Bellehumeur's keen advice and buy ADRs. Betting on foreign currency or other things overxposes most people to the wild arbitrary swings of US Treasury rates and the dollar's value caused by the government trying to dissuade people from betting against the dollar as they deflate the dollar. Betting pure commodities tends to overly exposes you too much to a total lack of real demand by US consumers, thus makes you essentially bet on Chinese hoarding of metal (once again betting on another arbitrary government).
Anyway, this is my 2 cents on the issue. Thanks for the article.
Cramer's Mad Money - Paul Krugman Is Wrong (8/10/09) [View article]
Where is Consumer Discretionary Headed? [View article]
This should result in leaving out retail in the rising tide unless you think they have the pricing power to raise prices accordingly (enough to keep their profit margin if they have any) and their drop off in sales for doing so will not be severely damaged.
People who have been betting up retail and the broader market on Bernake's green shoots fairy tale have been swindled.
Coverage Ratios: What We Can Uncover in the S&P [View article]
Business debt is fundamental to the healthy growth and expansion of the economy. Essentially, it is applying utilization of current resources to derive value add in the future. What do I mean by that? It is using assets to create goods and services in the future. Only this allows assets to be used for something called consumption of new things. Without allowing healthy business debt, we would most likely only be able to buy used clothes and other people's unwanted goods on e-bay.
Sure, a few rich companies can make some goods and services without debt. But prosperous the world would not be if every business didn't use debt. Nor would the world be as rich or efficient as it is today.