Bloomberg (November 22)
“The American consumer is limping into the holiday season. That was the upshot from a week of big-box retailer earnings that came with signs of caution among shoppers increasingly worried about a softening job market and persistent inflation.” Target and Home Depot are struggling, while “even Walmart Inc., the belle of the retailer ball with huge profits and a rosy forecast, sent an economic warning of sorts” since its growth “came largely from groceries and mid-tier customers looking for bargains — both signs of skittishness among consumers.”
Tags: Bargains, Big-box, Caution, Earnings, Economic warning, Forecast, Holiday season, Job market, Persistent inflation, Profits, Retailer, Shoppers, Skittishness, Struggling, U.S., Upshot, Walmart, Worried
Financial Times (September 11)
“To global portfolio managers, the Tokyo stock market has spent the past few years looking ever more like an old curiosity shop. Everyone knows there are bargains galore in there but who can be bothered to study the cluttered and poorly labelled shelves.” Perhaps Warren Buffett will finally show money managers the way into “overlooked Japan.”
Tags: Bargains, Bothered, Buffett, Cluttered, Curiosity shop, Global, Money managers, Overlooked Japan, Portfolio managers, Stock market, Tokyo
Wall Street Journal (October 24)
“After earning big profits at home, Chinese investors are looking abroad for safer assets that offer steady returns. They are shifting their increasingly valuable currency out of China’s expensive property market and into the likes of Manhattan and San Francisco—bargains by comparison.”
Tags: Bargains, China, Investors, Manhattan, Profits, Property markets, Safe assets, San Francisco, Steady returns. Currency
