Corporate America

Tyler Durden's picture

Why The Casino Is Dangerous: There Is Nothing Below





The algos and chart traders are making another run at 2000 on the S&P 500, attempting to convince the wary investor one more time that buying on the dips is a no brainer. And in that proposition they are, ironically, correct.  To buy this utterly manipulated market at these nosebleed valuation levels is about as brainless of an undertaking as is imaginable.

 
Tyler Durden's picture

Bill Ackman On Why Using Debt To Buyback Stock Is Great And Much More: Full Q2 Investor Letter





Now that everyone is finally focusing on the strategy of bloating any available company with massive leverage in order to use the proceeds to either buyback stock or engage in "synergy-creating" M&A (leading to countless pink slips), which is affectionately known as "activism", here is Bill Ackman's latest, Q2, letter with his take on this topic of how massive leverage which is great for shareholders now, but a disaster waiting to happen for employees and bondholders in the future as soon as rates rise, is the greatest thing since sliced bread.

 
Tyler Durden's picture

What Are the Options For Those Who Can't/Won't Get A Corporate/Government Job?





The average jobseeker is hoping to nail down a corporate or government position, for the usual reasons: security, pay and benefits. But there aren't enough secure, high-paying corporate/government jobs for everyone who wants one. Low-wage serfdom is not the only alternative to a shiny Corporate America/government bureaucracy job. To understand the alternatives, we have to understand the economy we have, not the one we wish we had or the one we might have in the future.

 
Tyler Durden's picture

Asset Forfeiture – How To Steal Americans' Hard Earned Cash With Zero Repercussions





While the epidemic of law enforcement theft is problematic throughout the country (see these egregious examples from Tennessee and Michigan), it appears Texas has a particularly keen love affair with the practice. Not only did last year’s story take place in Texas, today’s highlighted episode also takes place in the Lone Star State. This time in a town of 150 people called Estelline, which earns more than 89% of its gross revenues from traffic fines and forfeitures. In other words, from theft.

 
Tyler Durden's picture

What The CEOs Are Really Saying In Q2: "The Recovery Remains Fragile"





Despite exuberant Services and Manufacturing PMIs, Bloomberg's index of CEO sentiment remains stagnant near 2014 lows as April's hope for Q2 has faded into 'more of the same' by June. As Bloomberg's Rich Yamarone points out, in reality (in spite of all the hope), the second quarter is drawing to a close and it was a rough one for corporate America, with CEOs citing "slower growth in household income overall", "the recovery remains fragile, especially for customers on a budget", and perhaps most concerning, "whether or not this softness in store traffic is representative of a permanent sea change in customer behavior or a temporary phenomenon is hard to tell at this stage."

 
testosteronepit's picture

Last Time Corporate America Did This, The Stock Market Crashed





What happens when huge, reckless buyers with nearly endless resources cut back after a phenomenal binge? Well, we know what happened in 2008.

 
Tyler Durden's picture

The Generational Short: Banks, Wall Street, Housing And Luxury Retail Are Doomed





Those who have lost trust in Wall Street or actively hate it and everything it stands for (neofeudalism, unbridled greed, the corruption and collusion of the revolving door between the state and Wall Street, etc.) will never change their minds and hand their money to Wall Street to play with. If the primary assets held by Boomers (houses and stocks) both decline for these fundamental reasons, there may be relatively little wealth left to pass on to Gen-Y... if Gen-Y avoids bank debt/mortgages, buying conspicuous consumption luxury goods on credit and investing in Wall Street's scams and skims, this generational lack of demand for housing, stocks and luxury goods will effectively crash the sky-high valuations of these assets. These factors suggest a generational bet against banks, Wall Street, housing and luxury retail stocks.

 
Tyler Durden's picture

What's The Source Of Soaring Corporate Profits? Stagnant Wages





What if all the low-hanging fruit of outsourcing jobs and financialization have already been plucked by Corporate America?

 
EconMatters's picture

The U.S. Job Market is Gaining Traction





Despite all the doom and gloom in the market, we would have loved to have these employment numbers three years ago.

 
Vitaliy Katsenelson's picture

Crony Capitalism and the Oracle of Omaha





I never thought a visit to Omaha would trigger an appreciation of the role Icahn and other activist investors play in corporate America.

 
Tyler Durden's picture

Frontrunning: May 13





  • EU Court: Google Must Remove Certain Links on Request (WSJ), people have right to be forgotten on Internet (Reuters)
  • Harsh weather: German Investor Confidence Drops for Fifth Straight Month (BBG)
  • More harsh weather: China Slowdown Deepens (BBG)
  • Harsh weather as far as the eye can see: China’s New Credit Declines (BBG)
  • "Alien" artist, surrealist H.R. Giger dies aged 74 (Reuters)
  • Pfizer urges AstraZeneca to talk as UK lawmakers slam offer (Reuters)
  • Property sector slowdown adds to China fears (FT)
  • Russia says EU sanctions will hurt Ukraine peace efforts (Reuters)
  • U.S. Considers Relaxing Crude Oil Export Restrictions (WSJ)
 
Tyler Durden's picture

Happy Mother's Day, Corporate America





"Mother's milk"

 
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