TV Pricing Bloodbath Threatens Already Razor-Thin Retailer Margins, Will Send Japanese FX Interventions Into Overdrive

Tyler Durden's picture

So much for the 3D TV craze... and for overestimating the indiscriminate purchasing power of the US consumer. After much fanfare, and visions for record sales, TV makers such as Sony, Samsung and LG have gotten reacquainted with gravity, and are now gearing up for a "miserable" Christmas as an all out price war confirms the US consumer, even if not paying mortgage bills, refuses to purchase indiscriminately. The result: price drops of over 25% for the upcoming holiday season, huge margin cuts for already margin lite retailers (read Amazon), and an increasing reliance on corporate sales to pick up for the sudden and dramatic consumer slack. But the biggest hit will be to Japanese and Korean exporters, who will soon need to add to a dramatic decline in end demand, such factors as a ramp in Rare Earth Minerals: a key component to flat screen TV production, and, of course, record expensive currencies. All in all, it is shaping up for a miserable existence for the Japanese export economy, and we are very confident that a tsunami of export-led anger is about to be unleashed on Kan's government, demanding to at least moderate the one variable that is under Japanese control: the FX rate. Which means that many more USDJPY interventions are coming as soon as next week, when the Fed's QE2 announcement is sure to send the FX pair far below 80. In other words, QE2, in addition to confirming that the Fed cares little about the dollar's purchasing power, is about to set the FX, and trade wars, into overdrive.

Bloomberg describes the upcoming carnage in TV sales:

TVs are about to get cheaper.

Sony Corp. gave up yesterday on a goal to profit from televisions this fiscal year and Panasonic Corp. forecast price drops will deepen this quarter. Earlier, Samsung Electronics Co. predicted “severe” competition for the year-end season, echoing comments from LG Electronics Inc. a day earlier.

Projections from the world’s four largest TV makers signal the industry will fail to capitalize on the biggest sales quarter of the year, with some analysts predicting price declines of as much as 25 percent in 2010. Companies from Microsoft Corp. to Intel Corp. are increasingly counting on corporate demand as consumers are reluctant to shop.

“There’s going to be a price war this Christmas season and there’s no way around that,” said Tsutomu Yamada, a market analyst at Securities Co. in Tokyo. “The whole strategy this year is ‘sell earlier and sell for less.’ That makes life miserable for the manufacturers.”

TV makers were betting earlier this year that pricier LED TVs with brighter screens or 3-D sets would keep prices from falling the typical 20 percent to 25 percent annually, according to Atul Goyal, a senior research analyst at CLSA Asia-Pacific Markets in Singapore. That bet hasn’t materialized as pessimism has increased recently and shoppers in the U.S. aren’t willing to pay extra for higher quality sets.

This is very bad news for Amazon, whose already razor thin margins are about to go negative as it strives to keep in the price war to the bottom with other retailers:

U.S. retailers such as Target Corp. and Wal-Mart Stores Inc.
are sweetening discounts ahead of the holiday season to move
merchandise as joblessness hovers near a 26-year high. Target,
the second-biggest discount retailer behind Wal-Mart, said this
month it would lower prices on more than 1,000 toys to attract
shoppers. Wal-Mart responded with its own discounts.


The imminent Japanese response: far more FX intervention. It cost japan $20 billion or so to get the USDJPY back to 85 for about 2 weeks. We expect about $100 billion to be spent over the next 3 months to obtain the same impact. This is money which, when sterilized, will not end up going into US Treasurys, and will force the Fed to bid up even more of the lost UST demand by Japan (and soon, others).

Panasonic, the world’s biggest maker of plasma TVs, said yesterday falling prices, the stronger yen and more expensive raw materials prevented the maker of Viera TVs from raising its full-year profit forecast even though earnings during the first half exceeded the company’s projections. The yen trading near a 15-year high against the dollar isn’t helping.

“The strong yen will be a major hurdle in the TV business in the second half,” Hideaki Kawai, the executive officer in charge of finance and accounting at Panasonic, said in Osaka yesterday. “It’s an extremely severe situation.”

South Korea’s Samsung and LG, the world’s two-biggest TV makers, have voiced similar concerns after the advantage of having a weaker won, the worst-performing major Asian currency from April to June, dissipated. The won’s 5.3 percent gain against the dollar since September makes it the region’s best performer during the period.

And lastly, the massive inventory restocking that was enough to boost Q3 preliminary GDP by well over 1%, is about to actually start taking a toll on GDP as the number slides coupled with accelerated inventory liquidations:

“We expect increased oversupply and price declines in the memory market, as well we possible further declines in LCD panels,” said Robert Yi, vice president of investor relations at Samsung. “Combining these with a possible appreciation of the won, we expect the overall fourth-quarter business conditions to be difficult.”

The following summary of why John Taylor is right and a sell off in November is likely immiment is absolutely spot on:

“The Christmas season makes or breaks you and this year you’ve got unemployment and deflation,” said Yamada of Securities.

And Yamada did not even think about the rampant inflation in products in which commodity input costs can not be offset. Altogether, for everyone except the richest 1% of America, this holiday season will likely be ugly, even as the economy contracts, and the global economic system retrenches in anticipation of all out trade war. Good luck QE2.

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aerojet's picture

The quality of electronics coming from China is so awful right now--it's now a total crapshoot whether you get a working device or just a doorstop.  I don't think they have any room to reduce quality or (non-existent) quality control.  Say goodbye, China.

Popo's picture

Just totally untrue. 

New_Meat's picture

well, not totally untrue.  Several instances recently of "repatrioting" high quality manufacturing into U.S.

But you're too cute to junk ;-)

- Ned

Fish Gone Bad's picture

A friend of mine has his own auto parts store and said the stuff from China is pure junk.  Customers trying to save a buck by buying the Chinese made bearings will oftentimes be back in in less than a year complaining of product just not lasting. 

Lest not everyone forget about the tainted pet food that killed off all those pets (, or the Chinese milk that poisoned all those Chinese kids (

Before the Opium Wars destroyed China, it made the best of everything.

dark pools of soros's picture

time to buy a Zenith!!    (I know LG bought them...  how much would it cost now to build an old 'wood furniture' tv??)

stev3e's picture

I do everything possible to avoid buying Chinese crap.  Paying more is perfectly fine with me.

AbbeBrel's picture

You buy stuff and you roll the dice.   I work for a large outfit, and to our amazement we had a 100% failure rate on one particular power supply (they are all made in China).   If you get a bad component in what you buy, then it is only a matter of time before it lets out all the magic smoke.   YMMV.   - AB

tmosley's picture

The electronics I've been buying from China have only been improving in quality.  I think every monitor in my house was made in China, and only the oldest one has any problems whatsoever.

Bananamerican's picture


That's a gutsy call there Tbitch...

pulled totally out of your ass of course but still......

Spalding_Smailes's picture

6-Million Tons of Chemical Waste Stockpiled Across China ~ Video ~


6-million tons of toxic chromium waste are piled around 20 cities across China, and they have been there for 2 decades.

State-run Xinhua News Agency reported on Tuesday, a booming chemical industry during the 1950s has left a lasting problem. After some of the chemical plants closed in the early 90’s because of pollution concerns, stockpiles of chromium slag were left behind, and continued to pollute the environment.

In central Henan Province, there are 6 such waste piles stored inside concrete structures, the local Dahe Daily reports. In Gongyi City, 50,000 tons of the chemical waste has been left standing less than 2 miles from a river for almost 20 years.

[Villager, Henan Province]:
“There was the No.2 Chemical Plant. It processed mines and left the chromium slag behind without treatment. It’s toxic and causing pollution.”

Chromium slag contains toxic hexavalent chromium, which is a known carcinogen. Just small amounts of it can be lethal. Their poor storage has caused the substance to seep into soil and waterways over the years, endangering residents.

In 2005, the Chinese regime’s State Council ordered local authorities to clean up the disposal in 5 years. But the Dahe Daily reports, in Henan Province where 500,000 tons of the chromium slag remains, disputes over who will pay for the clean-up have delayed the process.

Spalding_Smailes's picture

About one third of the industrial waste water and more than 90 percent of household sewage in China is released into rivers and lakes without being treated. Nearly 80 percent of China's cities (278 of them) have no sewage treatment facilities and few have plans to build any and underground water supplies in 90 percent of the cites are contaminated.

Water shortages and water pollution in China are such a problem that the World Bank warns of “catastrophic consequences for future generations.” Half of China’s population lacks safe drinking water. Nearly two thirds of China’s rural population—more than 500 million people—use water contaminated by human and industrial waste.

By one estimate one sixth of China’s population is threatened by seriously polluted water. One study found that eight of 10 Chinese coastal cities discharge excessive amounts of sewage and pollutants into the sea, often near coastal resorts and sea farming areas. Most of China’s rural areas have no system in place to treat waste water.

Water pollution—caused primarily by industrial waste, chemical fertilizers and raw sewage— accounts for half of the $69 billion that the Chinese economy loses to pollution every year. About 11.7 million pounds of organic pollutants are emitted into Chinese waters very day, compared to 5.5 in the United States, 3.4 in Japan, 2.3 in Germany, 3.2 in India, and 0.6 in South Africa.

Water consumed by people in China contains dangerous levels of arsenic, fluorine and sulfates. An estimated 980 million of China’s 1.3 billion people drink water every day that is partly polluted. More than 600 million Chinese drink water contaminated with human or animal wastes and 20 million people drink well water contaminated with high levels of radiation. A large number of arsenic-tainted water have been discovered. China’s high rates of liver, stomach and esophageal cancer have been linked to water pollution.

In many cases factories fouling critical water sources are making goods consumed by people in the U.S. and Europe. Problems created by China’s water pollution are not just confined to China either. Water pollution and garbage produced in China floats down its rivers to the sea and is carried by prevailing winds and currents to Japan and South Korea.

Water pollution and shortages are a more serious problem in northern China than southern China. The percentage of water considered unfit for human consumption is 45 percent in northern China, compared to 10 percent in southern China. Some 80 percent of the rivers in the northern province of Shanxi have been rated “unfit for human contact.”


Water Pollution and Health and Protests

Nearly two thirds of China’s rural population—more than 500 million people—use water contaminated by human and industrial waste. Accordingly it is not all that surprising that gastrointestinal cancer is now the number one killer in the countryside,

More than 130 residents of two villages in Guangxi Province in southern China were poisoned by arsenic-contaminated water. Arsenic showed up in their urine. The source is believed to be waste from a nearby metallurgy factory.


Sources of Water Pollution

Major polluters include chemical factories, drug manufactures, fertilizer makers, tanneries, paper mills.

In October 2009, Greenpeace identified five industrial facilities in southern China’s Pearl River delta that were dumping poisonous metals and chemicals—such as beryllium, manganese, nonylphenol and tetrabromobisphenol— into water used by local residents for drinking. The group found the toxins in pipes that led from the facilities.

In February 2008 the Fuan textile factory, a multimillion dollar operation in Guangdong Province that produces enormous quantities of T-shirts and other clothes for export, was shut down for dumping waste from dyes into the Maozhou River and turning the water red. It turned out the factory produced 47,000 tons of waste a day and could only process 20,000 tons with the rest being dumped into the river. It latter quietly reopened in a new location.


China has some of the world's worst water pollution. All of China's lakes and rivers are polluted to some degree. According to a Chinese government report, 70 percent of rivers, lakes and waterways are seriously polluted, many so seriously they have no fish, and 78 percent of the water from China's rivers is not fit for human consumption. In a middle class development near Nanjing call Straford a polluted river has buried underground in giant pipe while a new ornamental river, rally a lake, has been built above it.

According to one government survey, 436 of China’s 532 rivers are polluted, with more than half of them too polluted to serve as sources of drinking water, and 13 of 15 sectors of China's seven largest rivers are seriously polluted. The most polluted rivers are in the east and south around the major population centers with the pollution getting worse the further downstream one goes. In some cases each city along a river dumps pollutants outside their city limits, creating increasingly more pollution for the cities down stream.

Many rivers are filled with garbage, heavy metals and factory chemicals. Suzhou Creek in Shanghai stinks of human waste and effluence from pig farms. There have been devastating fish kills caused by the release of chemicals into the Haozhongou River in Anhui province and Min Jiang River in Sichuan Province.

The Huai flows through densely populated farmland between the Yellow and Yangtze Rivers. Bottlenecks and elevation changes make the river both prone to flooding and collecting pollutants. Half the checkpoints along the Huai River in central and eastern China revealed pollution levels of “Grade 5" or worse, with pollutants detected in ground water 300 meters below the river.

The Huai river in Anhui province is so polluted all the fish have died and people have to drink bottled water to avoid getting sick. Some places have water that is too toxic to touch and leaves behind scum when it is boiled. Here, crops have been destroyed by irrigation water from the river; fish farms have been wiped out; and fishermen have lost their livelihoods. The South-North Water Transfer Project—which will travel through the Huai basin—is likely to deliver water that is dangerously polluted.

The Qingshui River, a tributary of the Huai whose names means “clear water,” has turned black with trails of yellow foam from pollution from small mines that have opened up to meet the demand for magnesium, molybdenum and vanadium used in the booming steel industry. River samples indicate unhealthy levels of magnesium and chromium. The vanadium refineries foul the water and produce smokes that deposits a yellowing powder on teh countryside.

The Liao River is also a mess. Gains made with new water treatment facilities have been canceled out by higher than ever levels of industrial pollution.

In May 2007, 11 companies along the Songhua River, including local food companies, were ordered to shut down because of the heavily-polluted water they dumped into the river. A survey found that 80 percent exceeded pollution discharge limits. One company turned off pollution control devices and dumped sewage directly into the river.

In March 2008 contamination of the Dongjing River with ammonia, nitrogen and metal-cleaning chemicals turned the water red and foamy and forced authorities to cut water supplies for at least 200,000 people in Hubei Province in central China.

Cancer Villages and Polluted Waterways in China

According to the World Bank, 60,000 people die each year from diarrhea, bladder and stomach cancer and other diseases directly caused by water-borne pollution. A study by the WHO came with a much higher figure.

Cancer village is a term used to describe villages or towns where cancer rates have risen dramatically because of pollution. There are said to be around 100 cancer villages along the Huai River and its tributaries in Henan Province, especially on the Shaying River. Death rates on Huai River are 30 percent higher than the national average. In 1995, the government declared that water from a Huai tributary was undrinkable and the water supply for 1 million people was cut off. The military had to truck in water for a month until 1,111 paper mills and 413 other industrial plants on the river were shut down.

In the village of Huangmengying—where a once-clear stream is now greenish black from factory wastes—cancer accounted for 11 of the 17 deaths in 2003. Both the river and well water in the village—the main source of drinking water—have an acrid smell and taste produced by pollutants dumped upstream by tanneries, paper mills, a huge MSG plant, and other factories. Cancer had been rare when the stream was clear.

Tuanjieku is town six kilometers northwest of Xian that still uses an ancient system of moats to irrigate its crops. The moats unfortunately don’t drain so well and are now badly contaminated by household discharges and industrial waste. Visitors to the town are often overwhelmed by the rotten egg smell and feel faint after five minutes of breathing in the air. Vegetables produced in the fields are discolored and sometimes black. Residents suffer from abnormally high cancer rates.

One third of peasants in the village Badbui are mentally ill or seriously ill. Women report high numbers of miscarriages and many people die in middle age. The culprit is believed to be drinking water drawn from the Yellow River downstream from a fertilizer plant.

The waters around Taizhou in Zhejiang, the home of Hisun Pharmaceutical, one of China’s largest drug makers, are so contaminated with sludge and chemicals that fishermen complain their hands and legs become ulcerated, and in extreme cases need amputation. Studies have show that people who live around the city have high cancer and birth defect rates.

Bananamerican's picture

"Nearly two thirds of China’s rural population—more than 500 million people—use water contaminated by human and industrial waste."

I think in China that's considered a feature, not a bug.

It's one of emergent China's gifts to the world...The Production/Eugenics cycle

Vampyroteuthis infernalis's picture

China thinks the one child policy failed. I guess the next attempt will be indirect mass murder through poisoning.

TBT or not TBT's picture

Nuance, the next big eugenics program in China would based on their realisation that there are too many old people consuming but not producing.   

Rationing healthcare, whittling down pensions, rading savings, bad air, water, and food, and suchlike can only do so much.   China is at least as much a multicultural empire as it is a nation ain't culturally homogeneous and knows it, and so is paranoid about centrifugal forces that might break its empires.   Crisis will provoke it to do extreme things to its various peoples, like the Great Leap Forward in its day, then the eugenics program called the "one child policy"... which had for effect aborting too many girls.  Yeah, they are going to have one hell of a lot of old people for each young healthy working person, and damned suddenly, not as gradually as this is coming upon countries like Italy and Germany, Russia, and Greece and Spain.   It will be, like, whammo, China is old and depopulating fast.   Next steps will mechanically be oriented to reducing the burden of no longer producing old people on everyone else.

trav7777's picture

NEGATIVE YIELDS.  That is what this is.

The OP talks about negative margins on consumer goods...we are in a NEGATIVE real profitability economic climate in the aggregate.

There is no demand for additional credit and there is no additional energy supply to support more capacity or consumption.

Destroying your environment to be able to eke out a tiny "profit" is a sign of a negative yield economic climate.  Nobody can make money with the energy overhead of nontoxic manufacturing now

DR's picture

Sad..all that toxicity which is made into junk that American consumers will throw out into the trash within a year.

Ah, but according to an eminent Nobel prize winning economist the China way is to be emulated:

“The effectiveness of China’s government—especially in contrast with the paralysis of some Western nations—is often understood as evidence of the greater agility and decisiveness of authoritarian states. Spence’s analysis suggests another phenomenon could be at work. Emerging-market leaders—both the democrats and the dictators—are more accustomed than their Western counterparts to fast and disruptive change: They’ve experienced revolution, hyperinflation and devaluation. That may give them an edge in today’s volatile global economy”

4shzl's picture

Paging Erin Brockovich . . .

Fred Hayek's picture

She's busy trying to gin up another fraud.

See this piece from Reason magazine:


Big Red's picture

Ah, the dichotomy in making this reply:

1. You expect me to absorb, appreciate and agree to advice by a Department of Health and Human Services toxicologist that says that chromium-6 ingestion "doesn’t harm humans"?

The one who then goes on to twist some with ‘It’s very unlikely that people could die from drinking chromium 6 in the water, even over time'?

Don't be silly.

2. Now here the Reason story does have legs:

"that the two L.A. lawyers who teamed with Brockovich’s firm to handle the case, Thomas Girardi and Walter Lack, were on unusually friendly terms with some of the judges in the arbitration, who had joined the arbitration firm JAMS after retiring from the regular California bench"

Yes, that smells.

All in all, the initial subject was chromium-6, too bad Brokovich led us down a sideline. Then again, what Hollywood movie is ever historically accurate?

Goldenballs's picture

China is another Eastern Bloc disaster waiting to happen.Polluted lakes,water table,etc.

TBT or not TBT's picture

There's a hell of a lot of business being done in the U.S. cleaning up industrial messes left over from, for example, balls to the wall industrial production ramp ups done in WWII and/or the cold war.    Superfund sites galore.    But I think plausibly when that was done it could be said the perpetrators couldn't know, or otherwise that the greater good was winning those wars.   Today, China continuing this path in light of heaps of knowledge of biology right down to the molecular level, is...really something.    Basically China needs to get rich before it gets old.    It fears it is losing that battle, thus the damn-the-torpedoes attitude to economic growth and modernisation that grinds up so many people and throws so much pollution out there with little afterthought for clean up.   Psychiatrically speaking I'm going to say they have Bauer's Disease(*):   There's no time!

(*) As in Jack Bauer, the fictional character famous for preferrring expedient measures over slower lower risk ones, after stating in hi mic or phone "There's no time!".    For China, there's no time.

tmosley's picture

Pardon if facts conflict with your worldview to the point where you feel the need to call someone a "bitch" for disagreeing with them.

The fact stands that the oldest monitor in my house, the television in my bedroom, is Chinese, and has some problems, where all the other monitors in my house work beutifully, and were quite cheap.  All of my computers and electronics are Chinese, and I don't have anything that doesn't work well, save perhaps for the AppleTV (which I don't use any more because it was hobbled by design).

It's not that American products are so bad, it's that American companies have been driven out of business by the extreme regulatory requirements fisted upon them by the US government.  I don't know why you feel the need to group together and slander a whole nation of producers.  Is it penis envy?  That sure is what it sounds like.

impending doom's picture

Pardon me, but as someone who works in the oncology industry, regulation hasn't done Americans any favors: check out the upward spiraling of cancer diagnosis rates in the USA. And no, it's not from increased diagnostic prowess...

tmosley's picture

Exactly so.  Regulations do not exist to protect us, but only to protect key constituencies of those in power.  Sometimes, those things coincide, at least on paper, but many time they do not.  Regulations have stopped us from doing further research on a new class of drugs we had been working on which promised to cure cancer and all communicable diseases.  We are still proceeding with one of the simplest forms of this technology, a catalyst which produces short lived reactive oxygen species attached to a form of testosterone that will seek out and kill any prostate cancer cells in the body, even after metastasis, while not harming any other type of cell in the body.  We can target any protein that exists individually by using phage expressed peptides screened against said proteins, and tagged with our catalyst.

If the FDA wasn't standing in our way, we would have placed a lot more people on this project, and we would have started clinical trials years ago, and absent regulations forcing new drugs to go through a series of extremely expensive hoops, would probably have these products on the market already.  Hell, I have an idea of how to automate the discovery process onto a chip such that this could be done automatically.  Make it implantable, and BAM you've got an artificial immune system that can be updated to produce peptides to kill any problem organism that is detected, including viruses.  This is real Star Trek stuff that I would love to be working on, but the regulations are such that we have to focus on other things that will pay off sooner, mainly antimicrobial medical devices and now antimicrobial industrial materials.

Of course, that has its uses as well.  I may have discovered a truly permanent coating that can go on any metal and block corrosion under any condition save extreme heat.  Even so, I'd much rather be working on the end of disease than the end of rust.

Byte Me's picture

Perhaps you had better switch them on occasionally just to check...


The one I'm using is 2YO and failing. It's also impossible to open without damaging the case otherwise I'd be able to repair the PSU

""The electronics I've been buying from China have only been improving in quality.""


If true - congrats. Try applying to Guinness World Records. My experience is that Tiddleytronics suck and blow.

surfsup's picture

I agree -- some components made in china which I recently bought are plagued with trouble.   

quintago's picture

Please tell us what brand of American handcrafted monitor or computer you happen to be reading this message on?

knukles's picture

Well thank God for that. 
At least we haven't had any problems with Chinese dry wall, medicines, powdered milk products, campaign contributions, satellite debris or intelligence gathering infractions. 

But ya' know, the real problem with the Chinese is that once you have a spat, kiss and make-up, 15 minutes later ya' wanna have another spat already. 

Fish Gone Bad's picture

That is some creative, insightful, as well as funny writing there.  +2

JackES's picture

I don't think you know shit.

All my Dell/HP desktop/Laptop PCs are made in China, no problem for years.

All my Sony/Toshiba/Samsung LCD TVs are made in China, no problems.

So, next time when you buy any electronics, I suggest you call the manafacture to find out the origin of the prodcut.

No one will shoot you if you don't buy electronics from China, no one cares.

Fish Gone Bad's picture

Denninger went on a rant about Chinese made capacitors a while ago.  In my limited experience in fixing electronics, I have fixed two Chinese made LCD screens.  My old 27 inch Motorola TV set still works wonderful, made in 1986.

tmosley's picture

That's great.  Maybe you can design and build a time machine to move that factory to the present.

The point is that a, Chinese products aren't the terrible pieces of crap some people want them to be, and that b, no matter how many trade barriers you throw up, you aren't going to change the fact that our factories are GONE.  They are closing the door on an abandoned barn, where the horses escaped decades ago.  Even if you got new horses, you'd have to get someone to take care of them that didn't beat them mercilessly until they either died or ran away (closed up shop, or offshored).

margaris's picture

well, I would say quality is a problem everywhere... not only china... often enough we users are like betatesters to those companies.

Dick Buttkiss's picture

Say good-bye to Keynesian consumerism and hello Austrian austerity.

Now back to Virginia's route of Miami on my perfectly good American-made CRT.  

Go Hoos!


The state can kiss my ass.

bigdumbnugly's picture

Bernanke = the Grinch?

bigdumbnugly's picture

“There’s going to be a price war this Christmas season and there’s no way around that,” said Tsutomu Yamada, a market analyst at Securities Co. in Tokyo. “The whole strategy this year is ‘sell earlier and sell for less.’ That makes life miserable for the manufacturers.”


we gots to move these refrigerators... we gots to move these color tvee-eeeeee's.

TBT or not TBT's picture

But installing microwave ovens and doing custom kitchen delivery-y-y-y-ies are service jobs that can't be exported!    Its all good!

-Michelle-'s picture

Deflation in the unnecessary and inflation in the necessary.  Merry Christmas.

tahoe69's picture

Exactly deflate what you have and inflate what you need. it's here.

RobotTrader's picture

Yet another huge boom in TV sales this season.  All my friends who are NFL and NBA sport junkies are all salivating at getting the latest and greatest LCD this year in time for the playoffs and the BCS.

The hot ticket being discussed right now is the Sony Bravia XBR series.

unum mountaineer's picture

what's them gas prices lookl ike in your neck of the woods? didn't catch up to you till now.

unum mountaineer's picture

hey robes, how 'bout that thar silver? too legit to quit?

knukles's picture

Snookie is HOT in 3D.
Read a fucking book.

GoinFawr's picture

But Robo and HarryW will be buying all their igifts from the aapl store?

That might help...