Bear in mind, the Chinese call this “cleaning it up” before the Olympics.
Never mind that I am long the Chinese ETF (FXI). This is just plain bad.
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Almost 75% of Germans polled said they'd like to see him as the next American President. Breaking down Washington and Wall Street's walls is all one and the same to me.
This is not about individuals. This is about changing broken organizations...
- Their high unit growth strategies have likely pushed their respective management teams to compromise their real estate standards, leading to less favorable lease terms. For reference, as of their most recent 10-Ks, JBX, DRI and EAT are all subject to operating lease obligations that decline each year.
- CMG management addressed this issue on its conference call yesterday, saying:
“Occupancy costs as a percentage of revenue were up during the quarter, primarily due to our opening proportionally more restaurants in more expensive, densely populated areas such as Boston, New York, Philly, Washington DC, Florida, and San Francisco. In addition to being much more expensive on a square footage basis, these sites typically have significantly higher non-cash straight-line rent expenses associated with them as we lock up these sites for the long term with cap rent escalation. In fact, half of the 20 basis point increase in the quarter is due to an increase in this non-cash straight-line rent. Of the total occupancy rent expense – occupancy expense in the quarter of about 1.6 million or 50 basis points is non-cash, straight-line rent related to future rent escalations. While these rent escalations are expensed today, they typically relate to escalations that are payable 5 to 20 years from today.”
Obviously this reminds us that Asia has slowed. But what does this tell us about governments that opt to bail out their banks and devalue their currency? The Japanese economic narrative is not one that Ben Bernanke should aspire to have his name associated with.
It’s time for the US to raise interest rates.
The total percentage of successful long and short trading signals since the inception of Real-Time Alerts in August of 2008.
LONG SIGNALS 80.48%
SHORT SIGNALS 78.35%