Capacity addition by cement companies make investors nervous Oct 5, 2009
Leading cement stocks have underperformed the broader market in the past six months, on worries that the industry is heading towards excess supply. While the cement industry has shown robust growth in despatches even during the monsoon season, which is typically a period of sluggish demand, investors are increasingly nervous about the possibility of a supply surplus over the next 18 months. (India Times)
Recurring Question: What Happened to the Milk Price?’ (47) Sep 30, 2009
Excess supply of just 1 or 2 percent, he said, can have a huge impact on the price. Comments. (Agri-View, WI)
New Home Sales Rose But Disappointed in August Sep 26, 2009
Excess supply has caused prices to fall over the last couple of years. The median price of $195,200 in August was down 11. (SmartMoney)
Buckhead touts its affordabilty Sep 20, 2009
There are bargains in Buckhead because of excess supply, said former Atlanta Mayor Sam Massell, president of the Buckhead Coalition, a nonprofit group of about 100 CEOs of major firms, including developers and bankers. If you want to live, work or play in Buckhead, make an offer and we will work out a deal, Massell said. (Atlanta Journal-Constitution -- Business)
A deluded G-20 Sep 17, 2009
US policymakers were trying to prevent downward price adjustment of over-inflated housing prices in the presence of excess supply of housing, pretending that such adjustment would reduce wealth and therefore consumption. Similarly, food and energy prices had risen to high levels, which pushed the number of people who live on food stamps to about 36 million in the US. A main explanation for such a rise was the high cost of food products. (Asia Times Online)
Mortgage demand dips on rising rates Sep 17, 2009
"The housing recovery will be constrained by lingering excess supply," Joshua Feinman, chief economist at Deutsche Bank's DB Advisors, said in a report. "The scars from this crisis will likely keep households and financial intermediaries cautious for some time.". (MSNBC -- Business)
Fed: Economic activity is stabilizing Sep 10, 2009
Gas prices dropped in Chicago and Dallas because of excess supply, the report said, even even though retail gas prices remain steady in other areas across the country. This drop in gas and oil consumption has led the energy players to cut back on their extraction activities, the Beige Book report said. (Dallas Business Journal, TX)
Vision set for Wellington Row Sep 7, 2009
Nicolla is trying to convince local bankers there s demand for new Class A office space near the Capitol, even if there s now excess supply downtown and rent growth is flat. Believe it or not, there s an awful lot of interest from people inside and outside this community to be in this location, he said. (Albany Business Review, NY)
Solar power in Japan: Land of the rising subsidy Sep 3, 2009
Excess supply has forced the prices of solar panels down by more than 40% this year. In Asia factories that recently cropped up are running at 40% of capacity, with a huge shakeout expected, explains Joe Boyce of Gaia Consulting. (The Economist)
Clunkers Theory Rooted in Depression Farm Policy: Caroline Baum Aug 31, 2009
Starting in the 1970s, liberalization opened export markets as an outlet for excess supply. Today farm policy subsidizes production. (Bloomberg -- Columnists)
How many oil speculators do we need? Aug 29, 2009
") arguing that if legislators had had the guts to stop the first bailout, they would also have had the backbone to stop a second one.To which McArdle responded: In 1929, the federal government and the federal reserve took little action to bail out the banks. In 1932, we elected FDR. That was a long time ago. But when you look at modern financial crises from Iceland to Argentina, what you see is that they have a tendency to produce some, well, radical changes in the political culture. Moreover,... (Salon)
Will the recession kill King Coal? Aug 28, 2009
5, the lowest level since April 2007, suggesting that excess supply is finally being worked out of the market. The shoots. (Salon)
Existing homes selling fast - record fast Aug 22, 2009
"There's excess supply putting downward pressure on prices and people respond to the lower prices by buying homes.". Housing is its most affordable in many years, he pointed out. (FOX19.com, OH)
Rwanda: Kigali Water Crisis to End in September Aug 19, 2009
"This capacity will be supplied directly from the Nyabarongo project. Together with the current daily production of 46,020 cubic metres the project will not only close the gap but it will also give an excess supply of 8000 cubic metres per day," Butare explained. Elsewhere in the districts, the Minister also noted that the supply level has reached 60 percent and efforts are underway to increase further. (allAfrica.com)
Productivity Climbs More Than Forecast As Labor Costs Fall Aug 12, 2009
4% gain in sales helped distributors reduce their excess supply. On Wall Street, stocks fell, with the Dow slipping 1%, the S&P 500 1. (Investors Business Daily)
Fidelity National Title, Cromford Report release metro Phoenix real estate trends Aug 11, 2009
That city has a predominance of luxury homes and condos, sectors with excess supply that are not yet in a recovery phase. June and July recorded a solid increase in the number of short sales as consumers learn how to prevent foreclosure, and as lenders and banks recognize the benefits of short sales to mitigate their losses. (Phoenix Business Journal, AZ)
Pro & Con: Does raising the minimum wage help the economy? Aug 11, 2009
7 percent in the last 18 months, an obvious indication that Atlanta s labor market has transitioned from a tight market to one with tremendous excess supply. Businesses in highly competitive industries such as fast food, restaurants and hotels, typically cut their labor costs to survive a recession; the less fortunate go out of business. (Atlanta Journal-Constitution -- Opinion)
California Coastal Communities, Inc. Reports Second Quarter Results Aug 8, 2009
Raymond J. Pacini, CEO of the Company commented: "While our operating results continue to reflect the ongoing downturn in the homebuilding industry, we are encouraged by steady sales of the smaller homes at Brightwater during the quarter. During the last five months (March-July), we generated 20 net sales orders at Brightwater. However, the limited availability of jumbo mortgage financing and excess supply of resale homes over $1.5 million in Huntington Beach continues to constrain sales of the... (PR Newswire)
China to the Rescue: Growing Out of the Financial Crisis Aug 7, 2009
Excess supply through over investment in the fat years, combined with an inventory built up, aggravate the policy dilemma. Experience tells us that cutting excess supply is an agonizing process that easily undermines confidence in a recovery, harming long-term growth prospects. (YaleGlobal Online Magazine, CT)
U.S. homes sales up, but could slip again Aug 5, 2009
Further dampening price increase is an excess supply of homes. Despite the sales increase, Goldman Sachs puts the number of homes for sale at around 3. (Xinhuanet, China)
Parkland Reports Second Quarter Financial Results Jul 31, 2009
Refiners' margins for diesel declined from their very strong level at the beginning of the year and are below historical values as reduced commercial business activity has left the market with excess supply. Fuel Volumes Fuel volumes were strong with total sales of 628 million litres in the quarter ended June 30, 2009, an increase of 20% from 525 million litres for the same period in 2008. (Canada Newswire)
No More Racial Sell-Outs Jul 31, 2009
Flood the market with excess supply of labor and the number of jobs diminishes and downward pressure is placed on wages as a whole. That does have a negative impact on legal American residents. (Townhall.com)
Shell Cuts Back as Profit, Output Falls Jul 31, 2009
Chief Executive Peter Voser blamed weak energy demand and excess supply for the drop in company profits, but he said, "Shell is adapting to this new situation.". Cash costs in the first half were cut by $700 million, with an additional $2 billion reduction if foreign exchange effects are accounted for, he said. (SmartMoney)
Canfor Pulp Income Fund Announces Second Quarter 2009 Results Jul 25, 2009
These factors include periods of excess supply due to industry capacity additions, periods of decreased demand due to weak global economic activity, inventory destocking by customers and fluctuations in currency exchange rates. During periods of low prices, the Partnership is subject to reduced revenues and margins, which adversely impact profitability. (CCNMatthews Press Releases)
Binani Cement net doubles to Rs 107 cr Jul 23, 2009
Although the company did not talk about its future business outlook, analysts said the domestic industry was poised to witness excess supply by the end of this year, which might affect profitability of the cement firms. Mr Juneja said Binani was investing Rs 600 crore for expansion of its cement manufacturing capacity from 0. (India Times)
Delphi Reports Ninth Quarter of Production Growth and Increases Cash Flow and Financial Flexibility Jul 23, 2009
In 2009, reduced heating demand and industrial demand due to the economic crisis caused natural gas prices to decrease further as a result of concerns over excess supply. The Company achieved record cash flow of approximately $20. (CCNMatthews Press Releases)
US hospital sues CSL for price f00004000ixing Jul 18, 2009
Rather, they were caused by defendants' conspiracy, which defendants formed in response to the excess supply that occurred earlier in the decade and that defendants did not want to experience again. " Lawyers said CSL and Baxter had the opportunity to progress their conspiracy at trade association meetings, where high-level executives from both companies met to discuss industry trends. Join the conversation You're the only person reading this now. . . Today in Business Story Tools Most chief... (Sydney Morning Herald -- Business)
Nigeria loses gas market to M'East, Russia Jul 16, 2009
"We are targeting supply from Total's Akpo field. We are discussing with the suppliers with a view to getting excess supply to make up for the shortfall from Shell. Actually, Shell has not restored full supply to LNG plant in Bonny. We are still receiving about 30 per cent less. "If our buyers are looking for alternative from other parts of the world, it is a welcome development but I think Qatar will have greater potential to look at," the official said. "The issue of penalty does not arise... (Guardian News, Nigeria)
Energy Stocks: Gusher or Dry Hole? Jul 13, 2009
Fadel Gheit, an analyst at Oppenheimer ), thinks oil prices should be between $45 and $55, with $55 being "the speed limit" if demand rebounds when the global economy recovers, given how much excess supply there is around the world. He sees the clear hand of speculators in the price of oil jumping 120% between December and the end of June even as demand forecasts were declining. (BusinessWeek)
Foreign aid workers to pull out after women are kidnapped Jul 12, 2009
Azerbaijan has found a therapeutic use for its excess supply of oil. Louis Imbert reports from Baku. (Yahoo News -- Rap and Hip-Hop)
Libya case reveals flaws in Swiss diplomacy Jul 11, 2009
The international oil market is characterised by excess supply. Over the past 30 years, the oil-producing countries have declared no oil embargoes. (SwissInfo.org, Switzerland)
Mini Climb for Stocks; First Gains Jul 10, 2009
The report, which measures excess supply, showed distributors are still cutting back on inventories to counter slumping demand. Global Markets. (Fox News)
Opus West says it owes $1.46 billion Jul 8, 2009
The turmoil has scared buyers, leading to excess supply and lower prices. The dramatic downturn has caused Opus to be out of compliance with terms of various loans and unable to restructure them, and attempts to raise capital and sell assets have proven difficult, bringing about the Chapter 11 filing, Greer's affidavit says. (Dallas Business Journal, TX)
Bond yields high on supply concerns Jul 7, 2009
MUMBAI: Government bond yields rose further on concerns of excess supply as the yield on the 6 ... Government bond yields rose further on concerns of excess supply as the yield on the 6. (India Times)
Jobs that Americans can't find Jul 7, 2009
Combined with the influx of millions of undocumented workers, this excess supply became the equivalent of the housing bubble it was bound to burst. Since 2007, jobless rates have doubled. (Montana Standard, MT)
Rupee gains, bond yields rise further Jul 7, 2009
MUMBAI: The Indian rupee opened higher on Tuesday after falling sharply in the previous day, supported by hopes for a pullback in the stock market, while bond yields rose further on concerns of excess supply ... The Indian rupee opened higher on Tuesday after falling sharply in the previous day, supported by hopes for a pullback in the stock market, while bond yields rose further on concerns of excess supply. (India Times)
Obama's Housing Rescue Expands: 6 Things to Know Jul 5, 2009
In mid-February, the president enacted this tax incentive--which offers up to $8,000 to qualified first-time home buyers--to stimulate housing demand and help mop up excess supply. In late May, HUD unveiled a program that would provide buyers more immediate access to these funds, which they could put toward closing costs as well as a portion of their down payment. (Yahoo News -- Top Stories)
Has Housing Market Hit Bottom? Jul 3, 2009
"You can't get around the fact that there is an excess supply of houses in the United States. Many more people had two dwellings in their name than needed them.". Real estate prices were also driven up for several years by an expectation that home values would keep going up. (ABC News -- Business)
Lessons from the revolution Jul 1, 2009
No society where unskilled labor is in excess supply has ever been able to use that labor to improve its wealth. Undifferentiated low-cost human labor has been in excess throughout the vast majority of humanity's experience; it is only labor scarcity and skill that have raised mankind's living standards above the Malthusian level. (Asia Times Online)
Editorial: It's not only fish vs. people Jun 29, 2009
Pretty much everyone involved in the current system recognizes that it's broken, unable to store excess supply in wet years or deliver needed supply in dry ones. The new federal rules, which will likely face a court challenge, don't require an immediate solution. (Sacramento Bee -- Opinion)
Economists: Chinese housing prices too high Jun 28, 2009
He pointed out that the property market is still facing excess supply due to overbuilding over the past few years. He added that much of the recent strong demand has stemmed from investors buying property as a hedge against rising inflation. (Xinhuanet, China)
Fortescue's Stock Is `Over Priced' on Demand Outlook, Morgan Stanley Says Jun 25, 2009
Iron ore is heading into a period of excess supply, placing downside risk on revenues in the near to medium term. . (Bloomberg -- Australia & New Zealand)
Residential property prices to fall 8-10% more in 2009 Jun 25, 2009
Mr. Sudhir Nair, Head, CRISIL Research says, Demand in the commercial and retail segment is likely to remain under stress for the next two years owing to excess supply and weak off take. . (India Times)
The Fed Fine-Tunes Its Juggling Act Jun 25, 2009
Lots of Excess Supply ... In a nod to the doves, The Fed said "substantial resource slack is likely to dampen cost pressures." That's another way of saying that it's hard to raise prices because there's a lot of excess supply. (BusinessWeek)
US housing meltdown was not a result of errors Jun 21, 2009
When the boom stopped, the United States was left with an overhang of excess supply that other countries have not built up. Secondly, the easing in US lending standards seems to have gone further than elsewhere, across a number of dimensions such as documentation standards, loan-to-valuation ratios (including second mortgages ) and loans where principal was not paid down in the early stages of their lives. (India Times)
Tin industry braces for further drop in demand Jun 16, 2009
Last week, ITRI Ltd, an international tin grouping, came up with a disturbing report stating that demand would likely drop 10% to 15% this year on the back of excess supply based on its survey on tin consumers. In 2007, world tin usage peaked at over 360,000 tonnes, having grown at some 4% a year over the previous decade. (The Star Online, Malaysia -- Business)
Signs of rebound showing Jun 16, 2009
While prices don t indicate a bottom, Larkins sees the excess supply of houses beginning to be absorbed. As a banker, Larkins is particularly glad to see the 10 large financial institutions, including his own, cleared to repay their TARP money. (Atlanta Journal-Constitution -- Business)
Restoration of hydro plant now proceeding Jun 16, 2009
When surrendering its license earlier, NIMO had cited repair costs and an excess supply of energy in New York state. Besha's firm specializes in restorations like the one in Stuyvesant Falls. (Hudson Register Star, NY)
Condo Tower Proposed for Jewelry District Jun 6, 2009
For condos, we still have a longer-term excess supply that would carry over, so Id be a little nervous, he said. Id wait out another year or two even just to get a sense of how the market absorbs the condos that are out there. (Los Angeles Downtown News, CA)
Stocks Crawl to Positive Finish Jun 3, 2009
While the markets generally look at this as a positive, the fundraising efforts tend to flood the markets with excess supply, sending financials sliding. The markets received more reminders of the depressed auto market as a slew of auto makers reported double-digit percentage declines. (Fox News)
Annual summer gas spike nears; drivers begin to feel the pinch May 30, 2009
Tulane Energy Institute's Eric Smith said three big factors play into the excess supply and rising prices. The summer spike, OPEC's three cut backs in production earlier this year and the fear of inflation. (WWLTV.com, LA)
Luxury housing - down but not out May 28, 2009
The drubbing in the luxury-housing segment is also being attributed to excess supply and speculative demand ... Hence, it has been in a way a classical case of super-normal profits leading to more players entering the segment leading to excess supply to be followed by a consolidation phase, says Chhabra. (India Times)
Canned car dealers have some bargains May 22, 2009
"It has to be a very, very low production model, and those two cars were in excess supply," said Mr. Libby. "The Solstice and Sky sold in too high volumes to be considered classics. "There's a very slight possibility that the Solstice may recall some of its strength after the Pontiac brand is shut down. (Pittsburgh Post-Gazette, PA)
Late-Day Dive Clips Stocks May 21, 2009
While Wall Street has cheered banks' ability to tap the private markets for cash instead of the government, an avalanche of common-stock offerings has flooded the markets with excess supply and diluted current shareholders. Despite the fact the market seems to want to rally, the secondary issue is so large I think its providing some problems. (Fox News)
Housing construction hits record low in April May 20, 2009
The excess supply of new homes for sale is still high and heavy discounts on foreclosed properties have made new homes less appealing. Any rebound in starts will be modest. (MSNBC -- Business)
CEOs of Leading Design and Construction Firms Say Stimulus Package Not That Stimulating May 20, 2009
" Michael Calhoun, president, Center for Responsible Lending, observed that restrictive lending isn t the only challenge. "The market is being flooded with foreclosures, which is creating problems on the supply side," said Calhoun. "We must address this excess supply before the real estate market can recover. " In January of 2009 CIRT in cooperation with FMI Research began conducting a "Sentiment Index" of the top CEOs of the leading design and construction firms that compose its membership.... (RealtyTimes)
The news business: Tossed by a gale May 15, 2009
Online advertising money has moved to search ie, Google and excess supply has depressed prices of display advertisements. As a result, executives are looking hungrily at the few online outfits that dare ask readers for money. (The Economist)
Chrysler closing 789 dealers, 3 in region May 15, 2009
In practical terms, that means dealers will have to auction the cars and parts at a time when the automotive market is already burdened by excess supply, Harvey said. Richard A. D'Errico contributed to this report. (Albany Business Review, NY)
Advantage Announces 1st Quarter Results 2009 May 15, 2009
The first quarter of 2009 has seen a worsening of the global recession, which has resulted in drastic reductions in commodity prices from lower demand and perceived excess supply. This challenging environment has continued into the second quarter of 2009. (PR Newswire)
Oil reaches 5-month high of $56.34 May 7, 2009
The Organization of Petroleum Exporting Countries last year agreed to a series of output cuts that were designed to help soak up excess supply and support oil prices. The oil minister of OPEC member Venezuela said yesterday that the organization is seeking a minimum oil price of $70 a barrel and that OPEC production cuts have helped to increase prices. (Boston Globe)
* Why an eclectic and rapid response to the economic crisis is vital May 7, 2009
When there is no excess demand for cash, there will be no excess supply of the bonds and stocks that underpin and finance the economys productive capital. Thus, expansionary monetary policy via standard open-market operations by a central bank is the first item on the checklist of what to do in a financial crisis. (Taipei Times, Taiwan -- Sports)
State St. renovations unfoldingacross from Proctors May 1, 2009
Buicko and Metroplex Chairman Ray Gillen said they weren t concerned about an excess supply of office and retail space outstripping demand. According to /Albany, the vacancy rate in Schenectady during the fourth quarter, 5. (Albany Business Review, NY)
Existing home sales down a bit Apr 28, 2009
The bond market saw our closely-watched Treasuries trading lower most of the week, thanks to excess supply and some inflation concerns. The benchmark 10-year Treasury's yield, which runs counter to price, inched up to 3. (McKinney Courier-Gazette, TX)
Flu worries drive down industrial metals Apr 28, 2009
China's aluminum prices are expected to remain weak for the rest of the year as excess supply from resumed production capacity weighs on the physical market. Tin ended down $200 at $12,400, while zinc fell 3. (Globe and Mail -- Business)
Toshiba Beats Operating Loss Forecast on Memory Chip Sales, TV Division Apr 18, 2009
Global excess supply of NAND flash memory chips will probably shrink to 0. 9 percent this quarter after a glut of 10 percent in the first quarter, according to estimates last week. (Bloomberg -- Japan)
