[The Second of Two Parts.] Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report VANCOUVER, B.C. – Despite its many problems, China remains such a strong long-term profit play that giving up on that country now would be like selling all your U.S. stocks at the start of the 1900s – before America created massive […]
Archives for August 2008
August 2008 - Page 5 of 12 - Money Morning - Only the News You Can Profit From
Former IMF Economist Predicts "Whopper" U.S. Bank Failure, Says Global Financial Crisis Set to Get Much Worse
By William Patalon III Executive Editor Money Morning/The Money Map Report The global financial crisis is set to get much worse, with a large U.S. bank failure likely in the next few months, former International Monetary Fund (IMF) Chief Economist Kenneth Rogoff has warned. Speaking at a conference in Singapore, Rogoff, now an economics professor […]
China Plans $58 Billion Stimulus Package and Rate Cuts as Policy Shifts from Inflation to Growth
By Jason Simpkins Associate Editor China's policymakers are considering a $58 billion (400 billion yuan) economic stimulus package, and will ease monetary policy later this year, as focus shifts from taming inflation to promoting economic growth, said Frank Gong, chief China economist at JP Morgan Chase & Co (JPM). The stimulus package would be equivalent […]
Soaring PPI Coupled with Plunging Housing Starts Spotlights Struggling U.S. Economy
By Jennifer Yousfi Managing Editor U.S. companies were hit with the largest annual jump in wholesale prices in 27 years during July, while housing starts dropped to their lowest level in 17 years, the latest indication that ruinous stagflation may be tightening its grip on the U.S. economy for the first time in decades. "Inflation […]
Global Investing Roundups
Target Misses the Mark; General Dynamics Broadens Horizons; Chavez Bounces Cemex; Manchester United Scores with Saudi Deal; Lacker Lobbies for Rate Hike; Carlyle Group Chair Steps Down; Hedge Fund Fraud Judgment; Quiznos Overseas Expansion Target Corp. (TGT) yesterday (Tuesday) reported a 7.6% drop in second-quarter profit to $634 million, or 82 cents per share. Sales […]
Four Brazilian Firms Poised to Profit from Two Powerful Spending Trends
By Jennifer YousfiManaging Editor Brazil is no longer just a tourist hot spot, but a solid profit play for savvy investors, too. And one of the best ways to profit from Brazil’s expected 4.8% growth in gross domestic product this year is to invest in one of the Latin American nation’s infrastructure-focused firms. Business has […]
Exclusive Interview: Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years
[The First of Two Parts.] Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae (FNM) and Freddie Mac (FRE) – that even larger […]
EA Drops Hostile Bid for Take-Two but a Friendly Deal Could be Imminent
By Jason Simpkins Associate Editor Electronic Arts Inc. (ERTS) dropped its $2 billion hostile takeover of video game publisher Take-Two Interactive Software Inc. (TTWO) yesterday (Monday), but the two companies have entered into private discussions that may finally result in a friendly merger. Relations between the two companies began to thaw Friday, when Electronic Arts […]
Global Investing Roundups
NAHB Holds Out Hope for Housing Market; Copper Golden for Chile; Lowe’s Sales Up; BHP Reports Record Annual Profit; Japan Bank Sweetens Bid; Airlines’ Labor Day Decline; Nymex’s Temporary Seat Sale Halt; Golden Gate’s Restaurant Order The National Association of Home Builders /Wells Fargo Housing Market index held at 16 in August for a second […]
New Report Says Feds Growing Increasingly Likely to Recapitalize Fannie and Freddie
From Staff Reports By availing itself of a new housing bill signed into law last month, the U.S. Treasury Department is growing increasingly likely to recapitalize Fannie Mae (FNM) and Freddie Mac (FRE) in the months to come – all on the taxpayer’s dime, the weekly financial newspaper Barron’s reports in its edition yesterday (Monday). […]