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 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.
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.
Corporate Britain is, financially, generally in good health. However, there is some significant polarisation. In general, medium sized enterprises have been hoarding cash during the recession. This is due to a combination of fear of investing in an uncertain economic climate, prudence and concern over the availability of credit from the big four clearing banks i.e. support won’t be forthcoming if cash runs out.
The Good News Economist submits: Consumer spending makes up about 70% of the US economy. On April 1, 2009, low- and middle-income workers started seeing a bit more in their paychecks, thanks to the "Making Work Pay" tax credit in the federal recovery act. The tax credit is 6.2 percent of a taxpayer’s earned income with a maximum credit of $800 for a married couple filing a joint return and $400 for other taxpayers.
Congress and President Obama may have reached a deal to avoid the fiscal cliff, but the agreement still leaves some key questions about government finances unanswered. As things stand now, a number of factors suggest that mortgage rates and interest on savings accounts could move higher by the end of 2013.
Vendor performance was an emerging issue in 2010 and will become a problem for more businesses in 2011. If you got through last year without any difficulties, don’t be sure that you’ll be so lucky this year. If you did work through some issues last year, you may find that they worsen soon or that your solutions don’t “stick.” All companies that need other firms for critical supplies or services should analyze their situations.