February 2009 - Page 3 of 11 - Money Morning - Only the News You Can Profit From

Super-Investor George Soros the Latest to Predict the Worst is Yet to Come

By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Renowned investor George Soros said Friday the world financial system has effectively disintegrated, and there’s no near-term bottom to this financial crisis in sight. Speaking at a dinner at Columbia University, Soros actually compared the current situation to the breakup of the Soviet Union, and said […]

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Global Recession Puts Golf Industry Deep in the Rough

By Don MillerAssociate EditorMoney Morning The global economic meltdown has struck golf industry, dragging on tourism and travel, delaying golf course construction, and curbing club membership rolls.  Now, even the crown jewels of the sport – the Professional Golfers Association (PGA) and Ladies Professional Golfers Association (LPGA) – have been tarnished by financial scandal and […]

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Buy, Sell or Hold: Let McDonald's Transform the Golden Arches to Golden Gains

McDonald’s Corp. (NYSE: MCD) is thriving despite a difficult environment. This very difficult environment is sending a lot of consumers scrambling for cheaper alternatives in dining.  That is where McDonald’s distinguishes itself.  With January same-store-sales up more than 7% worldwide – even in the face of the global financial meltdown – McDonald’s is proving that […]

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Fifth Third – A Medium-Sized "Zombie" Bank

By Martin Hutchinson Contributing Editor Money Morning Following my report on the viability of the Top 12 U.S. banks, a number of readers have suggested that I missed Fifth Third Bancorp (FITB). I’m happy to report that it wasn’t an oversight: The reality is that Fifth Third – with $120 billion in assets – didn’t […]

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Eastern Europe's Banks are Next in Line for a Bailout

By Martin Hutchinson Contributing Editor Money Morning We all know about the mess the United States, Britain, Spain and some other countries have gotten themselves into thanks to overenthusiastic housing bubbles. Investors who have studied the global trade figures lately are no doubt also aware that East Asian countries are in an entirely separate mess […]

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Global Investment News Briefs

U.S. Sues UBS; Unemployment Highest Since 1967; BoA Criticizes Housing Plan; Oil Soars Over $39; HP Lowers Forecast; Brazilian Jetmaker Cuts 20% of Workforce The U.S. government yesterday (Thursday) sued UBS AG (UBS) to force Switzerland’s largest bank to release the identities of 52,000 Americans who allegedly hid their secret Swiss accounts from U.S. tax […]

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Federal Reserve Chairman Bernanke Not Yet Worried About Inflation

By Jason Simpkins Managing Editor Money Morning Federal Reserve Chairman Ben S. Bernanke said yesterday (Wednesday) that he expects inflation to be "quite low for some time," but that the Federal Open Market Committee will begin publishing its long-term inflation forecasts to promote transparency. A steep drop in commodities prices has dampened inflation expectations significantly […]

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