Have you noticed how news about the U.S. economy is presented? Here are a few examples of the U.S. recovery .
"The disappointing housing data overshadowed strong earnings reports from Apple Inc., Caterpillar Inc., health insurer UnitedHealth Group Inc. and
drugmaker Pfizer Inc."
So going by the headline you would think housing is down but the good news is that other sectors of the economy are doing well. But you have
to look a little deeper!
Apple- Investors are anticipating more growth for the iPhone as the company is due to start to selling the product in China on October 30.
Caterpillar- Caterpillar reports 53 pct decline in 3rd-qtr profit on slumping sales, lifts profit outlook. Caterpillar has responded by dramatically
cutting production and laying off thousands of workers. Since spotting signs of a recession last year, the company has cut 16 percent of its work
force, which now stands at just above 94,000.
Analysts say renewed demand from developing countries such as China and Brazil, a weaker dollar that makes the company's products less expensive in
overseas markets and rising commodity prices could brighten Caterpillar's prospects next year.
Drugmaker Pfizer's 3Q profit jumps 26 percent on cost cuts; more expected with Wyeth deal done. The $68 billion acquisition of Wyeth last Thursday
cements Pfizer's position atop the industry, and the combined company is expected to eliminate nearly 20,000 jobs by the time integration is
These companies are not increasing sales in the U.S. They are improving their companies by laying off U.S. workers and expanding their market
shares overseas! Lets look at some other companies in the U.S.
Troubled domestic automakers see downsizing as main answer to sagging sales.
"By the end of this decade, the goal is three profitable companies. But they would be "smaller companies," McAlinden predicted, "much smaller."
MILWAUKEE (AP) --Coca-Cola said unit case volume for soda fell 5 percent in North America in the quarter, while volume of still beverages, including
teas and juices, was even.
Sales rose in emerging markets including India, China and Brazil. Total international case volume rose 4 percent, which includes 37 percent growth in
India and 15 percent in China, where the company has announced a $2 billion investment, along with its bottlers, in the next three years.
Home Depot Inc. reported higher-than-expected quarterly earnings as massive cost cuts offset weak sales, but its shares fell as investors found the
results disappointing in comparison with those of smaller rival Lowe's Cos. Inc.
Retailers are faring particularly poorly. As a group, retailers are down 1.6%.
October 14, 2009 7:57 AM EDT
CKE Restaurants, Inc. (NYSE: CKR) announced September same-store sales. September same-sales were down 3.3% compared to a 2008 increase of 1.2%.
Same-store sales were also down 3.1% year-to-date (YTD)
October 9, 2009 4:06 PM EDT
Tuesday Morning Corporation (Nasdaq: TUES) reports Q1 sales of $165.9 million, down 4.3% from the $173.4 million reported in the same quarter last
year. Same store sales came in at down 5.8%, comprised of a 1.7% decrease in traffic and a 4.1% decrease in average ticket.
October 8, 2009 8:18 AM EDT
Dillard's, Inc. (NYSE: DDS) reports total sales for the month of September were $519.26 million, down 9% from the same period last year. Same store
sales fell 6%.
October 8, 2009 8:07 AM EDT
Gap Inc. (NYSE: GPS) reports total sales for the month of September were $1.33 billion, down 1% from the sameBL period last year. Same store sales
October 8, 2009 7:45 AM EDT
Stein Mart, Inc. (Nasdaq: SMRT) reported for the five weeks ended in September 2009 a decrease of 9% in total sales, and 5.4% decrease in comparable
store sales. The third quarter ended September 2009 saw a 10.5% decrease in total sales, and 6.9% decrease in comparable store sales.
October 8, 2009 7:41 AM EDT
American Apparel, Inc. (AMEX: APP) announced that September 2009 comparable store sales decreased 15%. Q3 store sales ended September 2009 also
decreased 16% compared to the same quarter 2008.
Some Sectors are on the increase. Is that good news or bad news?
Retail gasoline prices moved higher for the seventh straight day.
Applications for home building permits, a gauge of future construction, fell in September by the largest amount in five months. -- a discouraging sign
for the housing industry.
So we are a consumer society who's economy is based on consumption. If we are at record unemployment and it is set to get higher with more
layoffs planned and companies looking to overseas markets to improve their bottom line, who is going to be doing the consuming, government workers?
"Wake Up Washington! China Is Already Dumping the Dollar, Niall Ferguson Says"
"The Dollar Is Dying a Slow Death, Says Niall 'Ascent of Money' Ferguson"
"Niall Ferguson: U.S. Empire in Decline, on Collision Course with China"
[edit on 20-10-2009 by liveandletlive]
[edit on 20-10-2009 by liveandletlive]