Economic Conditions

Anyone from the finance industry here?

I think the recent crashes in subprime mortgage (and junk bonds) market in the US, and the deteriorations of various indicies globally, paired with monetary injections from central banks (panic!) may have a possibility of Canon delaying their new model releases/shipments?

Because of Japanese firm's export positions and volatility of forex markets as investors seek stable fixed interest havens.

I dunno, just a thought which occurred to me at work.

Yes I work in the finance industry.
And I think, as always, it's herd mentality yet again. I don't think this will effect Canon's releases just yet. It's too early to read anything significant into this. We'll all know more next week. No one wants to hold stocks over the weekend for no other reason that everyone else is selling. Stocks across the board are dropping, not just those effected by the subprime issues.
But anyway, it'll take a bit more heavy hitting to force Canon to delay any shipment plans. Again, it's just too early to tell what's going to happen, most likely this is just a correction.

Awwwwwww, don't rain on our parade!

Let's hope the 40D announcement will stay on schedule, the 20th or 21st of this month!

Please...........

Sage Software employee here. Accpac.

I think Canon realizes that the USA is a small part of their global market and will soldier on. The USA accounts for %4.7 of worldwide population. Canada, Europe, Asia etc are doing quite well right now. The developing world is seeing unprecedented growth in their middle and upper classes. South America has a lot of wealth.

The World economy is of no worry to Canon currently I'm sure.

Now to pricing in the States - the law of supply and demand reigns of course. With the housing slowdown and the sub-prime meltdown, things aren't that bad. The housing industry is in recession, but not the entire US economy.

My patch in the US (New York & New England) has sales up %78 over FY06. The economic outlook is not bad in my books...

cosworth wrote in post #3702612
Sage Software employee here. Accpac.

I think Canon realizes that the USA is a small part of their global market and will soldier on. The USA accounts for %4.7 of worldwide population. Canada, Europe, Asia etc are doing quite well right now. The developing world is seeing unprecedented growth in their middle and upper classes. South America has a lot of wealth.

The World economy is of no worry to Canon currently I'm sure.

Now to pricing in the States - the law of supply and demand reigns of course. With the housing slowdown and the sub-prime meltdown, things aren't that bad. The housing industry is in recession, but not the entire US economy.

My patch in the US (New York & New England) has sales up %78 over FY06. The economic outlook is not bad in my books...

I don't think this current economic climate will affect the launch of products already in the pipeline, but don't think that Europe is healthy. BNP suspended 3 of its funds this week, IKB had to be bailed out by the German central bank and rumours are circulating about Westdeutsches Landesbank being in trouble (I stress this last item is a rumour!). FTSE100 down 3.71% today.

not sure if this is true or not but wouldn't it have been logical to borrow from places where the cash rate is low (ie japan) and then go invest (equities!) where the cash rate is high[er]. (i.e. NZD, AUD, USD? etc.) . Pretty much betting on forex movements and interest rate differentials. But now that all the equities markets are going ape, this process is reversed and thus there is too much yen! And hence the JPY is down against everything.

haha, no idea if that's right or not.

And HENCE, big exporters (doesn't matter whether to USA or not) in Japan such as Canon, should strategically delay exports? : /

My forecasting accuracy directly relates to Sage's bottom line and Sage's stock has a big stake in the footsie. I track it well.

No one here is sweating. German banks are seeing their correction. As with Canada, Germany has a similar cycle and people are moving their money to a %30/%70 domestic/foreign trend. Normal, anticipated. Canada's cycle however has been past due and shows no sign of venting some steam.

My mortgage is at %5.8 and I'd like it to stay that way but the cycle is coming nad I know rates will rise. But at the same time our dollar is very strong and exporters are feeling the pinch.

The feet are sore from standing, but no one is going to be sitting down anytime soon.

UGHHH... I work for a sub prime mortgage bank. I was hoping this forum wouldn't bring this up as everyone's been talking about this topic.

Back on topic, I don't think it has any affect at all. America's spending more than ever. Canon won't see lowered sales here, but the major banks are going to have more and more delinquent loans/debts.