Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (17329)	12/1/2004 6:46:45 PM
From: orkrious	Read Replies (1) \| Respond to of 116555

thus they are are selling for more, pure and simple. well, the $ sales are up, but I'd wager their units are down. you know, that inflation in food and energy thing <g>

To: russwinter who wrote (17329)	12/1/2004 9:35:27 PM
From: mishedlo	Respond to of 116555

WMT cuts back significantly on on discounting, same store sales are up "only 0.7%" and it's called, "not being able to pass costs on to customers". Sorry, but by my math, plus 0.7% is an increase in sales, not a decrease, thus they are are selling for more, pure and simple. Please be serious (not meaning to sound condesending) but answer these questions: how much did their input prices rise? How much did/will their sales decline? Was it a successful or was it a big profit squeeze? see my post on dollar general stores? Now what do you propose greenspan do? Of course I know your answer hike hike hike hike and more hike. Consider those with variable rate mortgages (yes many were stupid) consider those Dollar general and walmart sales. Is a housing collapse the best thing for the country. Of course I think one is coming anyway but when it comes do you really think inflation will keep the price of goods up? Will forcing more people into bankruptcy by jacking up rates help? Will it really do anything for the US$? Perhaps congress is just spending too damn much money on the war and everything else. Will jacking up interest rates help that? Is there ANY way out of this mess now? I say no. Mish

To: russwinter who wrote (17329)	12/2/2004 2:05:38 AM
From: mishedlo	Respond to of 116555

Nissan March output might drop 15,000 vehicles due to steel shortage - Thursday, December 2, 2004 4:14:25 AM afxpress.com (Adds more comments from company president) TOKYO (AFX) - Nissan Motor Co might be forced to reduce its domestic production in March by 15,000 vehicles due to a steel shortage, company president Carlos Ghosn said. Nissan, Japan's second-largest automaker, previously said it will suspend operations at three of its four domestic factories for five days between November 29 and December 8 because it cannot procure enough steel Nissan said its domestic output will be curtailed by 25,000 vehicles as a result of those factory shutdowns -- production that will be made up in January "Nissan production in January and February will be safe, but in March there is a risk of a production cut of 15,000 vehicles," Ghosn said today at the launch in Tokyo of the Lafesta, the fifth of six new models the automaker is rolling out in Japan over six months He said production in April will be back to normal Ghosn said Nissan plans to make no fundamental change in its drive to shrink its number of suppliers because the cost savings outweigh losses caused by such disruptions as it is experiencing now. "We will not change our steel logistics strategy," Ghosn said in answer to a question about whether its current steel sourcing problem would prompt a rethink of its supplier consolidation drive Ghosn said it will press ahead with plans to reduce costs by 1 trln yen in part by consolidating suppliers. He said the present shortage will cost the automaker about 5 bln yen this financial year Nissan now buys the steel needed by its domestic plants from two major Japanese steelmakers -- Nippon Steel and JFE Holdings "One trln yen in one hand, 5 bln yen in the other," said Ghosn. "It is obvious (which to chose)." He stressed that the automaker's current partnership with its suppliers is worth maintaining "I don't want our productivity down, secretly confident that there is no shortage problem (in steel supply)," said the Nissan president Asked about measures to avoid the adverse effects of the yen's recent rise against the dollar, Ghosn reiterated Nissan's policy "We don't hedge. We don't try to speculate how the currency market moves," he said. "We will keep the health of our financial conditions." Lafesta, the new model Nissan launched today, is a minivan with 2.0 liter engine, intended for family use. The monthly sales target is 5,000 vehicles