This notion of profit rate is still quite alien in Japan. Even today Japanese companies are being told how badly they are doing and that they need to make some money. Yet unemployment here is still low, people generally live well, and there is hardly any lay offs. I was amazed to see how many parking attendants were available to guide the traffic into the parking garage. This is unthikable in a high wage economy.
Cheers, a xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa, Professor Comparative International Development University of Washington 1900 Commerce Street Tacoma, WA 98402, USA Phone: (253) 692-4462 Fax : (253) 692-5718 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx On Wed, 1 Feb 2006, Autoplectic wrote:
[T]he 81 percent jump in profits reported Tuesday by Google was a disappointment to speculators who had driven Google's stock to an astronomical $471 a share as of a couple weeks ago. The price of Google shares started to slip even before Tuesday's earnings miss was announced as traders backed away just in case the company did not deliver big enough gains to satisfy the insatiable speculators. When an 81 percent increase in profit is considered "disappointing" you know that traders are living in a dream world. <http://www.washingtonpost.com/wp-dyn/content/article/2006/02/01/AR2006020101732.html>
