After a brief bout of enthusiasm this morning, when GDP came in at -3.8% vs estimates of -5.5%, investors quickly realized that the majority of the "beat" came because of an inventory adjustment. Inventories grew $6 bil vs. a decline of $28 bil last quarter. That artificially "lifted" GDP by 1.2%. In essence, companies were stuck with more inventories than the end market demanded. In a quirk of GDP reporting, this inventory build gets counted as growth.
Not as widely discussed were the import/export component of GDP. Net exports added to the GDP calculation, which is good. However, that's only because imports fell even more drastically than exports fell. And that's not particularly good for world growth. Demand all over the world is falling off a cliff. Therefore, statistically, Q4 may NOT be the low for the economy, as some are hoping.
However, that's not the most alarming and significant part of the GDP report. The headline numbers that are reported are typically "Real" GDP numbers, which are adjusted for inflation. Normally, inflation reduces "Nominal" GDP (GDP not including the inflation adjustment) yielding a lower Real GDP number. This adjustment is known as the GDP Deflator. However, nominal GDP declined significantly for the first time since 1960 and at a larger rate since 1958. In fact, this report was the first since 1952 when deflation actually added to the "real" GDP number. In other words, this is the first time the GDP Deflator has actually deflated in 60 years. This is deflation showing up in official government statistics for the first time.
Source: Bloomberg
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It's no wonder that companies can't cut expenses fast enough. Corporate profits are shrinking even if management does a great job on costs because sales are falling even faster.
Deflation is taking a wicked hold of the United States economy. So even though the Treasury is pumping money into the system like mad, they aren't pumping fast enough.
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ntenção de voltar. As coisas passam, e o melhor que fazemos é deixar que elas realmente possam ir embora. Por isso é tão importante (por mais doloroso que seja!) destruir recordações, mudar de casa, dar muitas coisas para orfanatos, vender ou doar os livros que tem. Tudo neste mundo visível é uma manifestação do mundo invisível, do que está acontecendo em nosso coração e o desfazer-se de certas lembranças significa também abrir espaço para que outras tomem o seu lugar.
Deixar ir embora. Soltar. Desprender-se.Ninguém está jogando nesta vida com cartas marcadas, portanto às vezes ganhamos, e às vezes perdemos. Não espere que devolvam algo, não espere que reconheçam seu esforço, que descubram seu gênio, que entendam seu amor. Pare de ligar sua televisão emocional e assistir sempre ao mesmo programa, que mostra como você sofreu com determinada perda: isso o estará apenas envenenando, e nada mais. Não há nada mais perigoso que rompimentos amorosos que não são aceitos, promessas de emprego que não têm data marcada para começar, decisões que sempre são adiadas em nome do “momento ideal”. Antes de começar um capítulo novo, é preciso terminar o antigo: diga a si mesmo que o que passou, jamais voltará! (AMÉM! rs) Lembre-se de que houve uma época em que podia viver sem aquilo, sem aquela pessoa – nada é insubstituível, um hábito não é uma necessidade. Pode parecer óbvio, pode mesmo ser difícil, mas é muito importante.
Samantha – My opinion is probably heavily influenced by what a great deal this place is, I agree! I’ve been to better Italian restaurants (though there are no good ones in Hampton Roads that I’m aware of)…but I do have to say the pizza margherita is pretty darn good. Glad you enjoyed your visit to the blog!
Um…like the style of your writing.*_*
I can accept failure, but I can’t accept give up.
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This is the first time the GDP Deflator has actually deflated in 60 years. This is deflation showing up in official government statistics for the first time.
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Mmm, how I like investment news, more especially economical. Thanks for the GDP graph. Hope in the Eurozone the results to be better in the next year.
In essence, companies were stuck with more inventories than the end market demanded. In a quirk of GDP reporting, this inventory build gets counted as growth.
Interesting post and thanks for sharing. Some things in here I have not thought about before.Thanks for making such a cool post which is really very well written.
There is not much to say about this store but one particular word…beautiful. Once you enter the retailer, you are reminded as to why they have some of the finest designer baggage on the market. I say this because the store’s interior provides a traditional decor louis vuitton pumps, similar to no make any difference how several new bags/firms strike the trend scene, the monogram baggage will constantly have that traditional flair.
I arrived by this location to see the inside and just get an encounter of the shop just before I produced a buy for my darling girlfriend. She wouldn’t at any time allow me to devote this significantly on her if I gave her a heads up, but a very good girl deserves it all. I will obtain a bag for her from LV as lengthy as they carry on designing tasty objects. What I enjoy most here in comparison to other brands on fifth voie, and many others…the customer support. I say louis vuitton neverfull damier azur because in comparison to the LV shop found inside of Macy’s at Herald Square, you are not taken care of like you don’t belong because of skin shade. Yes, I went there…I threw the “Race” card and for great purpose. Irregardless how I carry myself or how my business has positioned me to dress, it would seem protection nonetheless feel I do not belong. This is 1 of the reasons I will not visit the 34th Road spot. I appreciate security guards assuming how much I can pay for by the coloration of my pores and skin, as opposed to what’s inside of my bank account.
http://www.louisvuittonqueens.com/louisvuittonbanner.jpg
Even so, this location welcomed me with open up arms and not like a second fee citizen. Listed here, only my bucks issue, not the shade of my pores and skin. And in the industry for designer goods, shouldn’t that be the only point of worry anyway? Following creating my first pay a visit to right here in 2008, I can see why females adore LV luggage and it is definitely why I will proceed acquiring louis vuitton neverfull for my girlfriend.
Lovely huge retailer!! Drool!! Also poor it isn’t value it for a Canadian to buy below. We get Louis Vuitton items for five-10% cheaper than US retailers. And spending duty isn’t worth it possibly. But this flagship retailer is really wonderful. They have all the wonderful ostrich leather merchandise. It’s comparable to the merchants in Hong Kong.
My sister and I came in here to buy matching baggage and we felt as if had been have been in a Chinese subway battling for an eggroll.
Valuable salespeople, but its so crowded, that the line to buy was fifteen minutes extended… we left and will order them from LA.
Also, there ended up no embossing or engraving services provided like the retailers in California… strange.
The support is phenomenal. The salesperson genuinely did the finest he can to try to accomodate. Despite the fact that the match of my desires ended up becoming a little bit also large, I walked out happy and pleased.
Fellas, I’ll inform you what – I keep my IRA with LVMH, previous year it showed louis vuitton luggage 56%up. And here’s the reason why.
LV bags are state of the artwork. Surely, they appear overpriced but say that in 10, twenty, 30 years (I bet you’ll nevertheless have your aged LV purse). No other manufacturer can conquer the high quality.
Positioned on the initial flooring of Bloomingdales flagship retailer on Third Avenue (corner of East 57th Road), this Louis Vuitton boutique is a single of the handful of consignment boutique spots that the brand has situated inside a section keep in the New York Metropolitan region (the other two areas are Macy’s Herald Square flagship shop and Macy’s Garden Town retailer). Amazing variety, the boutique is extremely effectively stored and stocked with the brand’s renowned leather goods this kind of as carry bags, footwear, and eye dress in. The potential to use one’s in-house Bloomingdale’s charge card provides added details to this spot. Wonderful to check out out if you’re in the location and want to avoid the hordes of customers at Louis Vuitton’s flagship shop at the corner of Fifth Avenue and East 57th Street.
As for every this store, I chose it simply because I go there for al sales. Just kidding, there are no product sales at any time. This is my favored store although. I wish the services arrived again to the level it was.
There’s definitely nothing I can say mistaken about this shop! It genuinely is incredible from display windows to louis vuitton outlet in facet and environment which truly sets the temper so high! Every single floor is twinkle in my eyes!
I shopped here for the 1st time and super excited to grow to be a family member at L.V. (hehehe) The staffs are so skilled and not snobby which is the very best thing at a substantial conclude shop.
Despite the fact that the location is crowded at times… what do you assume? it is L.V. following all and the location is a super primary attraction place!
Eventually…Equipage
I visited the Hermes keep in look for of a 100ml bottle of Equipage and identified it. the doorman was gracious to open the door for me and the son and greet us good afternoon. On getting into and staring around hunting for the fragrances a youthful profits gal with glasses arrived over and asked how she could aid. I discovered my ‘kelly bags’ and indicated I would keep on to appear around. The product sales gal hovered nearby and when I seemed at the enamel bracelets she came over and defined the method of how they are created.
The sales dude downstairs greeted us as we appeared at ties and shoes. I was dressed easily – plaid shorts and RL polo but felt I was dealt with as a client ought to be.
It’s Hermes. Of course the products are gorgeous.
As I ogled an unbelievably gorgeous hand-stitched crocodile hoodie, an exceptionally pleasant salesman walked by and respectfully explained “There are only a few of them in the United States. Go ahead and try out it on.” I responded “Oh, no way, I can not.” He warmly repeated himself, “Go ahead and attempt it on, remember to.” I quickly eradicated myself from the circumstance, attempting to manage myself, being aware of how incredibly effortless it would have been to hurdle throughout the close by glass ledge, knock over the Protection Guard and lightning-bolt out the front doorway, scale the side of the building, and lizard-leap from building-top to constructing-top right up until I achieve the predictable basic safety of my very own familiar apartment, wherever I could thereafter continue to be peacefully rocking back again-and-forth in a dark corner grappling My Treasured. To estimate Jerri Blank (Strangers with Candy), “Alter. Can we modify?”
What is fantastic about Hermes is the customer company. Quite quite well-informed SAs and you they can refurb something!
I get irritated when men and women appear into the shop just to question for a Birkin. There are so numerous other gorgeous bags (not to mention prepared-to-wear and components).
Only grievance is the return policy. You better get residence speedy with your scarf to make it matches the outfit you had in mind and greater get back to the store ASAP if it doesn’t!
Overall, you get what you shell out for and I would suggest a check out to this store whilst in NYC.
The five stars are for the merchandise.
As for the product sales aid, when I went into the Boston shop with an acquaintance, the SA’s stopped chatting among themselves as we walked in and stood at consideration. We were welcomed and dealt with most graciously.
I firmly imagine that you get from other men and women the identical frame of mind you put out, as in each and every location of life. I discover it interesting that men and women can arrive to the exact same shop or restaurant and a single will praise it to the skies while the other folks are disgusted and damaging. This is naturally the cause why.
If you go in feeling afraid and sense like you may not belong there, the people will select up on it.
If you don’t feel you are worthy of great services, you will not get it.
If you are arrogant and defensive, they will mirror that. If you are hostile and unfriendly, ditto. And so forth.
By default, you get the very best possibility for good support if you stroll in wearing Hermes in some form, the a lot more noticeable the greater-e.g. a Kelly or Birkin bag and/or scarf. (but beware-do not dress in fakes!!!!!) And dress really nicely. No prole caps or operating footwear or jeans-except if you use them with big diamonds.
You ought to also bear in mind that Hermes has to bargain with a significant tourist crowd who-as many individuals are these times, sadly-usually absence standard manners. And hordes of women demanding Birkins…who are not capable to buy them anyway but just want to touch one. Sigh.
I not too long ago examine a true story of a girl who brought her Birkin into Hermes and rested it atop a counter to appear at one thing nearby. Yet another customer arrived over and asked her if it was genuine. She explained indeed. And this lady then picked up the purse and exclaimed “but it is so weighty!”
The bag’s owner explained: “that’s simply because it has all my items in it.”
The woman then proceeded to Empty OUT THE OWNER’S BAG!!!!!!! onto the counter, to the amazement of the SA nearby.
Shocked, the owner stopped the girl and told her the bag was not for sale and that it was hers.
btw, it genuinely is genuine that you can acquire a Birkin (or Kelly) in the keep-there is no waiting around checklist unless you want to purchase a particular skin. You just have to devote a appreciable amount in the store and then question if they have a Birkin to match your hermes birkin bags whichever (s). The writer of “Getting House The Birkin” is completely correct about this.
Yes it’s outrageous, but as constantly, money talks.