Profits, Presbyterians and The Kraken?
Our Wednesday theme for the next three weeks... when will we achieve economic escape velocity, or unleash the Kraken?
Salmo - Jeffrey Snider exhibits extraordinary consistency in "reading the tea leaves". This article should be an "editors' pick".
Mr. Bloom - Agreed Salmo. Perhaps Jeffrey could even be recommended for a Nobel Prize in "reading the tea leaves" . I'd vote for that. Sorry. Couldn't resist. Suspect it's the single malt at work. Where's the Nabob when you need him...
Cheers.
L.
Nattering - No happy ending in sight. Unleash the Kraken... (rum that is).
Mr. Bloom - Bourbon AND rum. Diversification incarnate. Bottoms up (so to speak)!
Nattering Bartender - High ball or PINT glass chocked full of ice... Pour that Bourbon 1/3, bubbly club soda 1/3, top with bubbly real ginger ale 1/3. Do NOT shake or stir. Bubbly 7-up can substitute for club soda. In any event, this is called a Presbyterian. Hence the drink term PRESS and all its derivations.
Now, invert the pour order, do NOT shake or stir, insert a straw and drink slowly. This derivation is called an Upside Down Presbyterian. In either case the Presbyterian is known to be very bubbly and sneaky, hence its name? Cheers.
In keeping with our theme, and now this...
More to come in Signs of Reflation? Stay tuned, no flippin. Recommended reading: Profits, Bubbles, And Labor That's Missing But Not Unexplained - Jeffery Snider
"In just the last six years, share prices have risen by 82% (through Q4 2017, the latest available Z1 figures) while again, corporate profits have barely budged. net incomes remain tepid without any meaningful acceleration.
Rather than wasting economic analysis on heroin, we can instead realize that if companies can't make more money, they aren't going to hire nearly enough new workers to begin the recovery process, leaving the economy in its chronically deficient state, meaning companies can't make more money, etc.
What companies have learned that stock investors haven't (yet) is that the only profitable investment for them (or at least management) is to buy back their own shares rather than invest in their productive capacities (which includes labor utilization)."Profits, Bubbles, And Labor That's Missing But Not Unexplained - Jeffery P. Snider
Salmo - Jeffrey Snider exhibits extraordinary consistency in "reading the tea leaves". This article should be an "editors' pick".
Mr. Bloom - Agreed Salmo. Perhaps Jeffrey could even be recommended for a Nobel Prize in "reading the tea leaves" . I'd vote for that. Sorry. Couldn't resist. Suspect it's the single malt at work. Where's the Nabob when you need him...
Cheers.
L.
Nattering - No happy ending in sight. Unleash the Kraken... (rum that is).
Mr. Bloom - Bourbon AND rum. Diversification incarnate. Bottoms up (so to speak)!
Nattering Bartender - High ball or PINT glass chocked full of ice... Pour that Bourbon 1/3, bubbly club soda 1/3, top with bubbly real ginger ale 1/3. Do NOT shake or stir. Bubbly 7-up can substitute for club soda. In any event, this is called a Presbyterian. Hence the drink term PRESS and all its derivations.
Now, invert the pour order, do NOT shake or stir, insert a straw and drink slowly. This derivation is called an Upside Down Presbyterian. In either case the Presbyterian is known to be very bubbly and sneaky, hence its name? Cheers.
In keeping with our theme, and now this...
More to come in Signs of Reflation? Stay tuned, no flippin. Recommended reading: Profits, Bubbles, And Labor That's Missing But Not Unexplained - Jeffery Snider
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