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NIKE, Inc. Message Board

gintowin 239 posts  |  Last Activity: Mar 7, 2016 3:02 PM Member since: Jun 21, 1998
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  • Reply to

    opec meeting cancelled

    by gintowin Mar 7, 2016 2:20 PM
    gintowin gintowin Mar 7, 2016 3:02 PM Flag

    some say toMAYto others say tomaaaTO

  • Reply to

    opec meeting cancelled

    by gintowin Mar 7, 2016 2:20 PM
    gintowin gintowin Mar 7, 2016 2:51 PM Flag

    They just sit around shaving each others backs

  • gintowin by gintowin Mar 7, 2016 2:49 PM Flag

    yes. on the 99% of the American people.

  • gintowin by gintowin Mar 7, 2016 2:27 PM Flag

    Is it or isn't it?

  • IT is or it isn't?

  • DO NOT BUY GAS at PHILLIPS 66 or any other subsidiary.

  • Yahoo has deleted it twice now.
    Read over at the BLOOMBerggg site.

  • George George George... ACI needs ya.
    Hello..... ???

    LOL

  • Not sure what to make of this. Not to mention all the other Series.
    How can this be?

  • over all the series. Vast Majority Jan. 2018

    Thoughts?

  • Chinese Officials Admit To "Significantly Faking And Overstating" Economic Data

    Tyler Durden's picture
    12/14/2015 19:28 -0500

    Slowly all the wheels of the legacy propaganda narrative are falling off, only this time dealing not with some ridiculous economic "recovery" tripe (for those still confused, the global economy just suffered its worst USD-denominated GDP collapse in 50 years), but with the credibility of Chinese data, which most have known is completely fabricated, only there was never an actual admission from within. Now there is.

    According to China Daily, several local officials in China's Northeast region sought to explain dramatic economic drops in their areas by admitting they had faked economic data in the past few years to show high growth when the real numbers were much lower, Xinhua News Agency reported on Friday.

    The report cited several officials in the region who acknowledged they had "significantly overstated data ranging from fiscal revenue and household income to GDP."

    Three years ago Liaoning province's GDP growth was reported at 9.5 percent, but its current figure?over the first three quarters of this year?is just 2.7 percent. Jilin's growth was reported at 12 percent three years ago, but its current rate is 6.3 percent in the same period.

    The revelation about the inflated figures came as the GDP growth of the three Northeast provinces ranked the lowest nationwide.

    Of course, while the economy was growing, nobody cared that the numbers were absolutely ridiculous: after all, it confirmed the narrative of growth. Guan Yingmin, an official in Heilongjiang province, said local investment figures were inflated by at least 20 percent, which translates to nearly 100 billion yuan ($15.7 billion).

    As a reminder, Heilongjiang province is where we reported recently a local coal miner, Longmay Mining Holding Group, the

  • Excellent. Chinese Officials Admit To "Significantly Faking And Overstating" Economic Data

    Tyler Durden's picture
    Submitted by Tyler Durden on 12/14/2015 19:28 -0500

    China
    Global Economy
    Hong Kong
    recovery
    Yuan


    .




    in

    Share
    .

    6



    .

    Slowly all the wheels of the legacy propaganda narrative are falling off, only this time dealing not with some ridiculous economic "recovery" tripe (for those still confused, the global economy just suffered its worst USD-denominated GDP collapse in 50 years), but with the credibility of Chinese data, which most have known is completely fabricated, only there was never an actual admission from within. Now there is.

    According to China Daily, several local officials in China's Northeast region sought to explain dramatic economic drops in their areas by admitting they had faked economic data in the past few years to show high growth when the real numbers were much lower, Xinhua News Agency reported on Friday.

    The report cited several officials in the region who acknowledged they had "significantly overstated data ranging from fiscal revenue and household income to GDP."

    Three years ago Liaoning province's GDP growth was reported at 9.5 percent, but its current figure?over the first three quarters of this year?is just 2.7 percent. Jilin's growth was reported at 12 percent three years ago, but its current rate is 6.3 percent in the same period.

    The revelation about the inflated figures came as the GDP growth of the three Northeast provinces ranked the lowest nationwide.

    Of course, while the economy was growing, nobody cared that the numbers were absolutely ridiculous: after all, it confirmed the narrative of growth. Guan Yingmin, an official in Heilongjiang province, said local investment figures were inflated by at least 20 percent, which translates to nearly 100 billion yuan ($15.7 billion).

    As a reminder, Heilongjiang province is where we reported recently a local coal miner, Longmay Mining Holding Group, the biggest met coal miner in Northeast China laid off a record 100,000 workers in one fine September day.

    China Daily also notes that if the local financial reports were true, some single counties' GDP would have surpassed Hong Kong. An earlier audit by the National Audit Office found one county in Liaoning that reported annual fiscal revenues 127 percent higher than the actual number.

    Again: as long as everyone was "growing", it didn't matter if the numbers were fabricated - in fact, the more made up the better.

    Why? As a staff member in the Jilin provincial finance department, who asked not to be identified, told China Daily that in past years, local officials competed each other to lure external investment projects. They reported the promised investment value, whether it had been achieved or not, as the investment figure. So the bigger the "reported" growth, the higher the likelihood of being awarded the project, which in turn means millions in government funds being directly embezzled by corrupt local officials, money which would promptly then end up in some duplex in NYC, San Fran or Vancouver.

    But why is all this emerging now? Simple: it is all the fabricated data's fault why the current growth (or rather, economic collapse) is so terrible:

    "If the past data had not been inflated, the current growth figures would not show such a precipitous fall," one official was quoted as saying.

    Brilliant: if only we hadn't made up ridiculously high data in the past, the comps to one, two or more years ago would not look so terrible.

    What was left unsaid is that if "data had not been inflated", it would be negative and instead of 7% GDP growth we would be asking just how big China's GDP contraction will be this year.

    We bring all this up in the aftermath of this weekend's "strong" Chinese industrial production and retail sales data because it too is completely fabricated and goalseeked. Only now there is no doubt.

  • JPMorgan earnings lifted by tax benefits

    4 hours ago
    

    .
    View photo
    JPMorgan, the biggest US bank by assets, said earnings in the corporate and investment bank segment fell 12.9 percent (AFP Photo/Stan Honda)

    New York (AFP) - US banking giant JPMorgan Chase reported a jump in third-quarter earnings Tuesday, as a large tax gain offset weaker performance in bond trading and some other businesses.

    Related Stories

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    How Kelly Armstrong Made Millions in Stocks MONEY MORNING Sponsored 
    Earnings for the quarter came in at $6.8 billion, up 22.3 percent from the year-ago period. Revenues were down 6.4 percent at $23.54 billion.

    JPMorgan, the biggest US bank by assets, said earnings in the corporate and investment bank segment fell 12.9 percent. This closely watched business saw lower revenues in fixed-income trading, partly offset by higher revenues for equity market trading.

    Chief financial officer Marianne Lake said there was "reasonably broad-based market turbulence" in the third quarter due to worries about the slowing Chinese economy and uncertainty about when the US Federal Reserve will raise interest rates.

    The volatility also resulted in lower earnings in asset management. Client assets under management fell one percent to $2.3 trillion, the result of "clients moving money out of market-sensitive categories," Lake said.

    On the positive side, JPMorgan scored a four percent gain in consumer and community banking, thanks in part to stronger mortgage banking earnings and increased auto and credit card loans.

    Total loans rose 8.9 percent to $809.5 billion.

    Results were boosted by $2.2 billion in tax benefits, including a gain of $1.9 billion from resolving tax audits.

    Lake said the tax benefit was related to the financial crisis, but declined to elaborate. She said the large boost would not likely be repeated in future quarters.

    JPMorgan cut non-interest expenses. Headcount is down about 6,700 from last year at 235,680.

    "We had decent results this quarter," said chief executive Jamie Dimon in a statement.

    "We saw the impact of a challenging global environment and continued low rates reflected in the wholesale businesses' results, while the consumer businesses benefited from favorable trends and credit quality."

    Earnings for JPMorgan translated into $1.32 per share, five cents below analyst expectations.

    Shares of JPMorgan fell 1.4 percent to $60.71 in after-hours trade.

  • Or just weakness before the number?

  • Health issues right?

  • That should do it in

  • Better prepare.

  • Reply to

    U know how I feel about breaking 2 up fan sets

    by hypersman Oct 12, 2015 2:29 PM
    gintowin gintowin Oct 12, 2015 2:55 PM Flag

    What do you mean? I'm new to Fan Technicals. Cheers

  • gintowin gintowin Oct 12, 2015 12:03 AM Flag

    ZERO debt.
    Thanks however.
    Too bad our Govt doesn't follow my lead.

  • Holy #$%$, we selling the entire Land Holdings and the warheads to pay that down a bit?
    What a F'n CROCK of SHEEEEEEEET. Holy Moly it's OVER.

NKE
56.37-0.77(-1.35%)Jul 26 4:00 PMEDT