No sooner than IDC release estimated data for the top 5 global ‘wearable’ devices for the Q3 showing a -71% collapse in Apple Watch shipments for the period (see table below), than Apple’s CEO Tim Cook jumps straight back in with one of his now infamous selective disclosures to the press to talk the product […]
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Is Italy really limbering up for a rejection of the Euro and a return to the lira, or just bluffing? The narrative would appear to be, that if the ECB won’t bail out the Italian banks with fresh Euros, then Italy should do it itself by returning to the Lira. Whether the threat cuts much […]
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Hang on, according to the ‘experts’, this wasn’t supposed to happen! Having been fed a diet of gloom by everyone from Hedgies (Bridgewater), Academics/Economists (Dartmouth/MITI/Krugman), Banks (Citi) and wealthy investors (Mark Cuban – see end for links) should Trump get elected, markets have done what they do best and confound the experts, with US equity […]
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Last month I flagged a warning on Gartner Inc. Consensus forecasts for a sustained rate of revenue growth over the next two years are clearly wrong. The question is whether they are too high or too low. In the blog piece on the subject I highlighted the correlation of the group’s organic revenue record to […]
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It’s the first Friday of the month again and I’ve woken to Punxsutawney Phil and predictions of imminent interest rate increases following the traditional release of the US non-farm payroll numbers; this time for November. Notwithstanding these are probably even less meaningful than normal given the Presidential elections at the beginning of the month it […]
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Are super-low interest rates good for capital intensive businesses such as the Telcos? Intuitively, the answer seems obvious, in that lowering funding costs ought to improve the marginal returns from employing that capital. An analogy might be with fuel prices for airline stocks, with again a seemingly clear inverse relationship. In both cases however you might […]
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Nature may abhor a straight line, but analyst forecasts don’t seem to, even when estimating revenues for a business with an historic margin of error on revenues of over +/-4ppts. I take a look at Gartner as consensus forecasts predict what its never achieved before, a straight run of revenue growth and into a slowing […]
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Think +142k in October for Private sector jobs was poor? How would you feel about +37k then? Unlike in some countries, the US government would never stoop so low as bend some piece of economic data to gain a political advantage ahead of an election. The recovery in Q3 GDP to +2.9% (‘real’) trumpeted a […]
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