Whirlpool Results

Anecdotal support for twin themes of declining domestic demand augmented by booming export demand, and rising prices: Whirlpool’s Maytag buy pays off in 4Q by James Prichard GRAND RAPIDS, Mich. – Whirlpool Corp. said Tuesday its fourth-quarter profit climbed 72 percent, helped by its Maytag acquisition, an improved product mix and the weak dollar. Its […]

2008-01-21 Update

Major themes intact: weak economy higher prices Weakness: US demand soft but supported by exports. US export strength resulting from non resident ‘desires’ to reduce the rate of accumulation of $US net financial assets. This driving force is ideologically entrenched and not likely to reverse in the next several months. In previous posts, I suggested […]