Trimble Navigation Limited (TRMB)
Q1 2012 Earnings Call
May 03, 2012 4:30 pm ET
Willa McManmon -
Steven W. Berglund - Chief Executive Officer, President and Director
Rajat Bahri - Chief Financial Officer and Assistant Secretary
Paul Coster - JP Morgan Chase & Co, Research Division
Michael E. Cox - Piper Jaffray Companies, Research Division
The mining industry has been seeing a major supply glut issue, with most companies trying to reduce their supply output. Meanwhile, Rio Tinto Plc (ADR) (NYSE:RIO) seems to be expanding, further fueling the oversupply problem, which has already contributed to a massive decline in commodity prices. Furthermore, the company has long demanded a government extension for its Kestrel coal mine project in Queensland, Australia.
China is unstable and likely to continue its downward spiral, Europe's economy is weak but may soon start rebounding, and North America is steady but not spectacular. That's the overall sentiment provided by more than 100 CFOs at some of America's largest businesses.
The world’s top central bankers will get little rest in 2013.
Growth is expected to be lackluster this year in many developed countries, and interest rates are stuck near zero in Japan and the United States. Credit Suisse analysts believe that real interest rates will remain negative for at least a decade.
In such an environment, the action central banks take will be closely watched.
Here, The Financialist explores what’s ahead for the Big Four.
As regular readers are no doubt aware, we like to check in on the hookers from time to time. By that we of course mean SouthBay Research’s Vice Index, which tracks spending on fun activities in the cash economy. Fun activities like boozing, gambling, and escort hiring. “Luxury good spending is sensitive to shifts in the economic winds, vice is even more so,” Andrew Zatlin reminds us. “A prostitute costs almost two days of after-tax wages [and] the consumer’s stack of money has to be a certain height before they can get on that ride.”
Bloomberg reports Japan Posts Back-to-Back Current-Account Deficit in December.
Japan posted back-to-back monthly current-account deficits for the first time since 1981, highlighting challenges for Prime Minister Shinzo Abe’s campaign to revive the economy.