2007 October
Send in the Clowns: Bush Administration Pursues Economic Policy of Benign Neglect
By Peter D. Schiff Guest Columnist Four leading members of the Bush administration's economic team, including Ed Lazear, chairman of the Council of Economic Advisors, U.S. Commerce Secretary Carlos Gutierrez, Al Hubbard, director of the National Economic Council, and Jim Nussle, director of the Office of Management and Budget, convened on a CNBC TV panel last [...]
Acer Leapfrogs Lenovo for the No. 3 Spot in the World PC Market
From Staff Reports Acer Inc. has passed the Lenovo Group Ltd. (LNVGY) to become the world's No. 3 personal computer vendor with its purchase of Gateway Inc., and now it’s going after U.S. PC giant Dell Inc. (DELL). That will leave U.S. high-tech giant Hewlett-Packard Corp. in the No. 1 position. Acer leapfrogged Lenovo with [...]
Guess Which Asian Index Jumped 80% This Year?
Most people associate Bangladesh with catastrophic floods and chronic instability, but that country has actually come a long. According to the International Monetary Fund, growth is set to reach 7% this year, a 30-year high. A military-backed government has pushed through a series of reforms, and 26 state-owned enterprises (SOEs) are slated for sale. “It’s [...]
U.S. Senate Passes Bill To Extend Internet-Tax Moratorium by Another Seven Years
From Staff Reports By passing a bill that would extend the moratorium on Internet access taxes for another seven years, the U.S. Senate last week gave proponents of the legislation hope that the extension can be signed into law before the moratorium lapses this Thursday (Nov. 1). The Senate bill is essentially an amended version [...]
U.S. Investors Look Past Mortgage, Profit Challenges to Fed Interest Rate Meeting This Week
From Staff Reports With U.S. Federal Reserve policymakers slated to review the nation’s interest-rate situation this week, investors spent last week scrutinizing corporate earnings reports in search of signs that the “mortgage challenges” facing the U.S. economy might be limited to financials and housing. With about 150 Standard & Poor’s 500 Index companies having reported [...]
Soaring Oil Prices Spell Trouble For Emerging Markets
By Jason Simpkins Associate Editor Middle East violence and inventory concerns sent oil prices rocketing to record levels above $92 a barrel Friday, spawning recession concerns in the United States and heightening inflationary worries in India and Asia, particularly in China. It’s now virtually certain that oil prices will eclipse the psychologically important $100 a [...]
Two "CanRoy" Investments for the Oil and Gas Boom
By Keith Fitz-Gerald Contributing Editor Many investors are convinced that it takes sophisticated investment strategies to rack up big returns. That's just flat out wrong. In fact, the simplest strategies are often the best, and can produce major returns – especially if you align yourself with powerful global trends, such as energy. Among the best [...]
How to Get "Asian-Sized" Returns in Europe
By Martin Hutchinson Director of Global Investing Research Free-market U.S. conservatives like to talk about "old Europe." They tell stories about the sclerotic EU bureaucracy, the intransigent French unions, and the rigid German banking system. Problem is, they ignore the really interesting Europe. The Europe that is growing rapidly. The Europe with soaring productivity, low [...]
Global Investing Roundup
Commercial Bank of China Makes Move in South Africa; Petro-Canada Notches Profits; Nike Buys Out Umbro; PetroChina Could Test $9 Billion in IPO Industrial and Commercial Bank of China (IDCBF), China’s largest bank, is buying 20% of The Standard Bank Group Ltd. (SBGOF), South Africa’s largest bank, in a deal valued at $5.56 billion, the [...]
The Merrill Lynch "Surprise" Fuels More Subprime Uncertainty
By Jason Simpkins Associate Editor Just one day after Merrill Lynch & Co. Inc. (MER) wrote off billions in bad mortgage loans and reported its biggest quarterly loss in 93 years, Wall Street analysts yesterday (Thursday) predicted there was still more bad news to come. Although it wrote off $8.4 billion of subprime mortgages and [...]
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