By Don Miller Contributing Writer Money Morning The steel business faces its biggest hurdle in 60 years with some analysts predicting double digit production cuts in 2009. Now, a sudden change in China trade policy may spell even more trouble for Western steelmakers, as Beijing is currently considering measures to shore up its ailing steel […]
Archives for December 2008
December 2008 - Page 2 of 11 - Money Morning - Only the News You Can Profit From
Kuwait Dumps Dow Chemical, Putting Rohm & Haas Deal at Risk
By Jason SimpkinsAssociate EditorMoney Morning The Dow Chemical Co. (DOW) may be forced to abandon its takeover of Rohm & Haas Co. (ROH) now that a $17.4 billion joint venture with Kuwait's state-run oil company has been scrapped. Kuwait's Petrochemical Industries Co. earlier this week cancelled plans to take a 50% stake in Dow's plastics […]
Why Crude Oil Will Present Investors with a Golden Opportunity in 2009
[Editor's Note: This is the ninth installment of our “Outlook 2009” series, which looks at the global investing outlook for the New Year.] By Jason Simpkins Associate Editor Money Morning Oil prices have fallen 70% since hitting a record $147.27 a barrel in July, which means in just five months, crude has given up all […]
Emerging Markets - Especially BRIC Economies - "Bottoming"
By Mike Caggeso Associate Editor Money Morning Emerging markets investors have always had famed investor Jim Rogers on their side. Now – after the bubbles of China, India, Latin America and more have popped – they can take comfort in the word of investor Mark Mobius, who said emerging markets are “bottoming” en route to […]
For the U.S. Economy in the New Year, the Pain Will Precede the Promise
[Editor's Note: With the New Year upon us, it's a good time for investors to be looking ahead. With that in mind, Money Morning will be running installments of our "Outlook 2009" economic forecasting series into the New Year. This is the second installment of a new series that looks at the global investing outlook […]
What Shape Will the U.S. Recession Take: U, W or 'Bloody L?'
By Martin Hutchinson Contributing Editor Money Morning/The Money Map Report Right now, the conventional wisdom seems to be that the United States is looking at a "U-shaped" recession and recovery. Output declined gently in the third quarter, is dropping sharply now and will continue dropping sharply in the first and possibly the second quarter of […]
Company Layoffs: More Companies Trim the Fat without Trimming the Workforce
By Jason Simpkins Associate Editor Money Morning The U.S. unemployment rate, currently at a level of 6.5%, could rise to 8% next year. But it could also find a ceiling sooner than expected, as more companies implement unpaid vacations and four-day workweeks to preserve jobs. The U.S. recession may just now be entering full swing, […]
Happy Holidays! Money Morning Readers Weigh In
Dear Money Morning Reader: The end of another year approaches, giving us the opportunity to thank you for your continued interest and support and to wish each of you a Merry Christmas and a Happy Holiday. We truly appreciate your loyalty, attention to detail and feedback, which is why a few months ago we made […]
Recession Deepens as U.S. Economy Shrank 0.5% in Third Quarter
By Mike Caggeso Associate Editor Money Morning The U.S. economy shrank 0.5% in the third quarter, marking the slowing pace since 2001 and continuing a still deepening recession that has wrung the markets since last year. Dana Saporta, an economist at Dresdner Kleinwort in New York, told Bloomberg projects a 5.4% overall contraction in the […]
Five Ways to Play Gold's Rebound to $1,500 an Ounce
[Editor's Note: With the New Year upon us, it's a good time for investors to be looking ahead. With that in mind, Money Morning will be running installments of our "Outlook 2009" economic forecasting series into the New Year.] By Mike Caggeso Associate Editor Money Morning Gold hit two historic milestones in 2008. First, in […]