Interesting video of a BBC journalist who spent a day with hedge fund manager Hugh Hendry. Click here.
(Via The Mises Institute Blog)
Brinker International (EAT), the owner of Chili’s, reported yesterday morning that same store sales dropped 6% at its 1296 Chili’s restaurants. Disclosure: Top Gun has no position in Brinker International (EAT) shares.
The market got the benign January CPI Report this morning at 5:30am EST that it needed with Core CPI increasing 0.295% compared to the previous month according to Nick Timiraos – below the median forecast of 0.34%. But while the…
Bernanke gave a speech this morning in Jackson Hole, Wyoming: “Reflections on a Year of Crisis”. Here are some interesting excerpts with my commentary: TOO BIG TO FAIL: The Federal Reserve has consistently maintained the view that the disorderly failure…
This one really surprised me. Walmart (WMT) has been benefitting from the recession as consumers trade down. But this morning they reported a 1.9% same store sales drop for the quarter ended July 31, 2009. Does that mean consumers are…
Stocks were off to a good start this morning on positive news from Research In Motion (RIMM) and an upgrade of Cisco (CSCO). But the release at 10am of an ugly Philadelphia Fed Survey of Business Conditions for February at…
But the bigger issue is sales. Comparable store sales were down 6 percent compared to the same period last year. True, the stimulus checks handed out last year have created difficult comps for retailers this quarter, not to mention the…