Vacuum Cleaners Discussions |
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Big Hit on the US/World Markets
Original Message Jan 21, 2008 2:11 pm |
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Early news reports in the USA are saying the London financial markets nosed dived today in the worse downturn ever. This comes on the heels of a 4 percent drop in the Dow Jones Industrials last week alone. Since today is a Federal Holiday in the US in observance of Dr. Martin Luther King the financial markets are closed. Not sure what impact the London market fall will have on the US markets--have to wait to see. What and how long will it take jaydee to realize that he needs to enter the low to middle price range vacuum market to stay competitive in the USA in the big box stores' venue? Any news yet on the 2007 dyson sales? Carmine D.
This message was modified Jun 27, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #191 May 17, 2008 7:35 am |
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The CEO of GE, Jeff Immelt, is putting the GE Appliance Division on the auction block hoping to get $5-8 BILLION for its sale. THe stock has languished for several years now and is at $32 due to poor operations and performance of the company. GE has been in the USA since 1907 and claims among its accomplishments the refrigerator, room air conditioner, and toaster oven. Possible buyers: Bosch [Germany] and Haier Group of China. Private equity firms and even GE's Mexico partner Controladora Mabe SA could be interested. Bad timing for GE due to the housing downturn and credit crunch. THe lower dollar internationally is an advantage for foreign companies to buy the GE Division at a bargain basement price. According to Euromonitor International 660 Million UNITS of large kitchen appliances were sold in the USA in 2007. Whirlpool owned 26.1 %; GE 20 %; Private labels 17.6 %; Others 28.4 % and Electrolux AB 7.9 %. Large kitchen appliances are refrigeration, home laundry, dishwashers, large cooking appliances and microwaves. Last year GE sold its plastics division to the Saudi-s for $11 plus Billion. Carmine D.
This message was modified May 17, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #192 Jun 2, 2008 5:42 pm |
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According to the most recent and c-u-m-ulative year to date economic data, the UK is showing increased signs of a major recession. Probably the worse since 1992. Housing prices are down to the lowest in 17 years [the period for which the data is recorded], new housing sales are down and all retail sales are down. Worse affected in retail: Household appliances, furniture and carpets. On a positive note, while unemployment is up, it is still within low ranges. Britons are over spenders in large part due to the appreciation in the values of their houses. And consumer spending in the UK accounts for 2/3 of the gross national product. Very similar to the US. Carmine D.
This message was modified Jun 2, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #194 Jun 9, 2008 10:39 pm |
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Seems like gas prices are not just rising in the USA. Last week, the governments of Malaysia and Indonesia removed years' long fuel subsidies on gasoline. Prices of gas rose as much as 41 percent overnight. The stock markets in both countries roiled and declined precipitously. More bad financial news. What will the increase in gas do for the prices of goods and services in those countries? Carmine D.
This message was modified Jun 9, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #195 Jun 14, 2008 7:02 am |
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Property taxes in my area of NY at least, are tied to an Index. This allows your evaluation to rise and/or fall but when multiplied by the index # they can get the amount of money they want to extort...err... assess from you. It's a no win situation for the Homeowner. Lower house value... higher Index to multiply by.
The only way to cut taxes is to have the powerful Civil/Police/Firefighter and Teacher Unions accept lower wages and benefits like most other Americans are experiencing....THAT'S NOT GOING TO HAPPEN!
YOU work for the Government now...they do not work for you. Their sense of entitlement is brazen.
In North Jersey the Governor wants small towns to group together and share overlapping services to save the Taxpayers money. They outright refuse. One town supervisor was quoted as saying "You can't do that...We would have to lay people off". GEEEZ ...What is every other Business in the US doing to help cut costs? There are Town Clerks here making $85-$125 Thou and Police making The same and Chiefs making more. These are sleepy bedroom communities.
Hello Lucky1:
I understand the state of NY has rolled back [in the process] and cut real estate property taxes. Are you aware of this latest development? Apparently several other states too. My guess is that the tax paying citizenry are mad as H-E-double hockey sticks over the gas price increases and in concert with the inflated property taxes are ready to revolt. State legislatures are attempting to stave off what they perceive as the likelihood for the angry citizenry uprisings in 2008/2009. Also note the good Sheriff Green in the City of Brotherly Love refuses to enforce eviction and foreclosure notices on the residents. His sense of social justice for God [street justice] overrides his man made oath to enforce legal justice. God Love him. He has been doing this 2004 when foreclosures in Philly started to rise. And still is. The courts and judges are sympathetic to his position and have been working with him and his department to fulfill his social mandate. Carmine D.
This message was modified Jun 14, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the London Markets
Reply #196 Jun 16, 2008 8:36 am |
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Last week, facing a credibility crisis with investors, Lehman Brothers Holdings Inc. demoted its Chief Finance Officer and replaced its CEO. The shake up in management indicates the bloodletting on Wall Street is far from over. It's stock price has gone from $80 per share to $22 plus in the last year. Analysts at Oppenheimer predict that what's ahead for the US is far worse than what's behind. Expecting weak and bad economic reports and results well into next year before reaching rock bottom. How high will gas prices go in the US? Some say with crude at $140 a barrel, there is plenty of wiggle room for the price per gallon to reach $6-8 per gallon. Carmine D.
This message was modified Jun 16, 2008 by CarmineD
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mole
 
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Location: earth
Joined: Sep 30, 2007
Points: 783
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Re: Big Hit on the London Markets
Reply #197 Jun 16, 2008 9:17 am |
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Reading your economic posts reminds me of looking at the huffington report. Although they are usually correct,both you and the huffpo..... MOLE
This message was modified Jun 16, 2008 by mole
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