Earnings did not meet expectations and iPhone 4S did not sell as well as Apple fanboys wait for iPhone 5. Shares are off about 5%.
Also, the global economy is slowing and it is a possibility that people are generally spending less.
Archive for the ‘Economy’ Category
Apple Shares Plunge as IPhone-Lull Hits Earnings
Wednesday, July 25th, 2012Quants: The Alchemists of Wall Street (Marije Meerman, VPRO Backlight 2010)
Tuesday, July 24th, 2012
Here is a great documentary on Quants. Those genius mathematicians that come up with financial products to be sold to investors. Some of the formulas they come up with are so complicated that the people that sell them don’t understand them.
The investors do not understand the consequences of these financial products as well. Well, heck even the Quants do not know the true extent of the consequences if these products react to unforeseen circumstances. Some of these products were responsible for causing the 2008 crash due to complicated credit default swaps and mortgage backed securities.
U.S. Social Security Is in Trouble
Monday, July 16th, 2012
Less people paying into Social Security, but there is also a lot of people who are now using social security. If this doesn’t change the shortfall will be much greater.
In the end the government will have to raise taxes.
Spanish Anti-Austerity Protests Turn Violent
Thursday, July 12th, 2012
First the miners were protesting out in the country area of Spain, then they took the protest into the main city. When that happened everyone else (Spanish citizens) decided to join the protest in the city. Things are not looking good for Spain, it may be the next to collapse much like Greece.
Link to video: Spain anti-austerity protest turn violent
Canada Trade Wanes As Global Economies Shrink
Tuesday, July 10th, 2012
Unfortunately, Canada doesn’t have much to export except commodities such as oil, wheat, precious metals and as global economic activities slow so does demand for commodities driving price lower.
There are manufacturers of other goods, such as RIM for high-tech gear but RIM is taking a beating too. Think about it what else is made in Canada?
Not much and the worse thing is the U.S.A is in bad economic trouble and they account for a big portion of Canadian export.
GoldSeek Radio’s Chris Waltzek interviews JIM ROGERS – July 4, 2012
Monday, July 9th, 2012
United States federal debt including off balance is closer to 200 Trillion. How the hell is the U.S going to pay that back. Zimbabwe the country and Weimar Republic Germany in the 1930’s didn’t have close to this amount of debt and they didn’t survive.
India is trying to curtail the import of gold. The Indian government thinks this will slow down gold purchases and this can result in gold taking a 30% drop or more.
Jim Rogers We Are Due for a Recession Video Fox Business
Wednesday, July 4th, 2012
Jim Rogers says every 4 years there is a recession. What makes 2013 any different and the anchor guy says we have never recovered from the 2008 crash.
Why Doesn’t The Stock Market Reflect The Imminent Global Depression?
Monday, July 2nd, 2012
The truth is that the world economy is balancing on a very fine line, kinda like the man that recently tight roped walked across Niagra Falls. The momentum and direction is total slowdown and the reality is that things are getting worse.
Time To Diversify Asset Portfolio: Marc Faber
Monday, July 2nd, 2012
Preservation of your capital is key in this unsure economic environment and re-balance and deversify your assets.
