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Samsung Electronics said on Tuesday that its fourth-quarter earnings likely decreased sharply due to lackluster demand in its memory chip business as well growing competition in the smartphone segment.
The South Korean tech giant predicted operating profit for the three months ended December was approximately 10.8 trillion Korean won ($9.67 billion).
That was 28.71 percent down from a year ago and 18.18 percent less than the 13.2 trillion won analysts had predicted.
Former Federal Reserve Chairman Alan Greenspan tells David Rubenstein that rising deficits and debt are already showing signs of eroding U.S. growth and that he sees indications of stagflation -- a stagnant economy saddled with rising inflation. The comments come in the new episode of “The David Rubenstein Show: Peer-to-Peer Conversations" in an interview recorded Nov. 9 at Bloomberg's headquarters in New York. (Source: Bloomberg)
Welp, I am waiting for this deflationary period to kick in. What does the Fed expect to happen when it's raising interest rates in a year of nearly flat inflation.
originally posted by: toysforadults
a reply to: Bluntone22
if people had the money they would spend it trust me, the problem is they don't
originally posted by: toysforadults
a reply to: Bluntone22
if people had the money they would spend it trust me, the problem is they don't
originally posted by: toysforadults
Welp, I am waiting for this deflationary period to kick in. What does the Fed expect to happen when it's raising interest rates in a year of nearly flat inflation.
CNBC
Samsung Electronics said on Tuesday that its fourth-quarter earnings likely decreased sharply due to lackluster demand in its memory chip business as well growing competition in the smartphone segment.
The South Korean tech giant predicted operating profit for the three months ended December was approximately 10.8 trillion Korean won ($9.67 billion).
That was 28.71 percent down from a year ago and 18.18 percent less than the 13.2 trillion won analysts had predicted.
I am not surprised. Wages to low, debt to high and those of you who have been following my market threads this year know how I feel already.
Greespan: Stagflation
Former Federal Reserve Chairman Alan Greenspan tells David Rubenstein that rising deficits and debt are already showing signs of eroding U.S. growth and that he sees indications of stagflation -- a stagnant economy saddled with rising inflation. The comments come in the new episode of “The David Rubenstein Show: Peer-to-Peer Conversations" in an interview recorded Nov. 9 at Bloomberg's headquarters in New York. (Source: Bloomberg)
Anyway, the signs are all around you. Silver and gold are still in a beautiful position and put options on some of these tech stocks is looking mighty good to me, but do not take my personal play figure it out on your own.
originally posted by: CriticalStinker
a reply to: toysforadults
Welp, I am waiting for this deflationary period to kick in. What does the Fed expect to happen when it's raising interest rates in a year of nearly flat inflation.
It's not just inflation, it's the debt level that most Americans and many businesses carry.
What happens when the market takes a swing and we hit a recession and people/businesses aren't able to maintain the debt?
originally posted by: CriticalStinker
a reply to: toysforadults
Welp, I am waiting for this deflationary period to kick in. What does the Fed expect to happen when it's raising interest rates in a year of nearly flat inflation.
It's not just inflation, it's the debt level that most Americans and many businesses carry.
What happens when the market takes a swing and we hit a recession and people/businesses aren't able to maintain the debt?
originally posted by: toysforadults
a reply to: Bluntone22
if people had the money they would spend it trust me, the problem is they don't
originally posted by: chr0naut
So, where is all the money?
originally posted by: toysforadults
a reply to: Bluntone22
if people had the money they would spend it trust me, the problem is they don't
originally posted by: toysforadults
a reply to: Anathros
Are they selling those phones in the US?
I find Apple phones to be the best but I have a personal bias against android so I dont know