Best of the Blogs: What's Behind the Out-of-Stock Status for Nokia Lumina 900s?
By Kathleen Culliton Apr 16, 2012 11:30 am
Minyanville's daily roundup of some of the best financial commentary from around the Web.
This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
All Things DLink: Nokia's Lumia 900 is Out of Stock at AT&T's Online Store, but Why?
"When Paul Roth, AT&T's president of retail sales and service, said last week that sales of Nokia's Lumia 900 Windows Phone had exceeded expectations, he wasn't exaggerating. Indeed, it appears the device is selling so well that it's tough to even find one right now. AT&T's online store lists both versions of the device - cyan and black - as temporarily out of stock. At Amazon Wireless, the cyan version is back-ordered. And four of the five AT&T stores I called told me they'd run out of stock. Which is good news and bad for the Nokia, AT&T and Microsoft triumvirate - if the stock-outs are demand-related." (Also Read Nokia Could Pull Off a Cinderella Comeback.)
Wall Street Journal: Real Time Economics
"The spotlight in the continuing European sovereign debt crisis is now on Spain, where market doubts has pushed the yield on Spanish. This development has energized critics of the German-led European austerity campaign. They argue that too much government belt-tightening too soon in economies already in recession is counterproductive - and is making deficit targets all but impossible to hit. Wolfgang Münchau, a Financial Times columnist, writes today: 'Spain's effort at deficit reduction is not just bad economics, it is physically impossible, so something else will have to give. Either Spain will miss the target, or the Spanish government will have to fire so many nurses and teachers that the result will be a political insurrection.'" (Also Read Spain: Too Big to Fail and Too Big to Save.)
New York Times: Deal Book
"Citigroup reported better-than-expected earnings on Monday, driven by steady demand for loans from consumers and businesses and an improving economic condition in the United States. The New York based bank reported that net income was down 2 percent to $2.9 billion, or 95 cents a share. Total revenue was $19.4 billion, down 2 percent from a year ago. Excluding certain items, the bank said it earned $1.11 a share in the first quarter of 2012, up 7 percent from the same period a year earlier. That exceeded analyst estimates of $1.02 a share, according to a survey by Bloomberg."
Financial Times: FT Alphaville
Link: The 21st Century Hedge
Link: The 21st Century Hedge
"The recent coverage of JP Morgan's credit derivative 'whale' trade – supposedly a market hedge rather than directional position for the bank - has seen many financial pundits wonder how it could be that JP Morgan has a short position on any of the underlying names in the credit against which it is supposedly selling protection. The index is made up of 121 North American companies, all of which were investment grade at the time the index started trading in the fall of 2007. Some commenters have find this hard to rationalise because they believe it makes more sense for the bank to be long that exposure rather than short. In which case, how can selling protection be considered a hedge?" (For related content see Rolling Your Hedges in Bull Markets.)
Link: Gender and the Polls
"As everyone closely following the presidential campaign knows, recent polls show Mitt Romney facing a significant gender gap compared with President Obama, with far less support among women than men. The peculiar dynamics of this year's primaries help explain why. In his efforts to vanquish his Republican challengers, Mr. Romney courted social conservatives who espouse traditional gender roles. But deeper causes are also apparent. Republicans have gotten the short end of the stick from women in presidential elections since the 1980s partly because the economic interests of women have diverged from those of men."
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