By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Commodities may be down, but they're not out – and they shouldn't be out of your portfolio, either. As the investment director for Money Morning, I'm invited to a large number of speaking engagements each year. It's something I enjoy, and it's quite useful, too, […]
Archives for February 2009
February 2009 - Page 6 of 11 - Money Morning - Only the News You Can Profit From
Global Investment News Briefs
Foreclosures Continue Falling; Chinalco Invests $19.5 Billion in Rio; 4Q Profit Falls for Viacom; Coca-Cola Beats Expectations; GM May to Bail on China Venture; Australia Senate Nixes Senate Widespread foreclosures caused home prices to fall in 134 U.S. metropolitan areas. Foreclosure filings eclipsed 250,000 in January, their tenth straight month above that figure, Bloomberg reported. […]
For Dividend-Seekers, Financial Crisis Means it's Time to Dip Into DRIPs
[Editor’s Note: This is the latest installment of a new series that will explore ways for investors to recover from the U.S. financial crisis.] By Mike Caggeso Associate Editor Money Morning If the global financial crisis has taught investors one thing, it’s that now is not the time to gamble with your money or your […]
As Big Banks are Criticized for not Lending, Small Banks Find They Can’t Lend
By Don MillerAssociate Editor Money Morning While congressional leaders this week excoriated the leaders of banks that have received billions of dollars in government bailout money for not doing enough to end the credit crisis, it may actually be consumer fear of borrowing that's blunting banks' efforts to lend. Chief executives of eight big U.S. […]
Retail Sales Rise but Unemployment Dampens Outlook
By Jason SimpkinsManaging EditorMoney Morning Retail sales unexpectedly rose in January – halting a record six-month skid – but the upbeat report could easily be a one-month wonder, since U.S. unemployment continues to climb. Sales at U.S. retailers rose 1% in January, the largest monthly increase since November 2007, and followed a 3% drop in […]
The New Banking Bailout Plan Reconstitutes Some of the Same Ingredients That Touched Off the Financial Crisis
By relying on asset-backed securities, large amounts of leverage and unregulated hedge funds as its key elements, the U.S. Treasury Department's overhaul of the banking-system bailout plan is essentially relying on some of the same ingredients that caused the financial crisis in the first place.
This time around, someone should take the punch bowl away before the party even gets started. Otherwise, as Yogi Berra once said, it will be "Déjàvu all over again."
The only difference this time around is that the U.S. Treasury Department is calling the plays.
Buffett Bargain Hunting Despite 2008 Losses
By Jason Simpkins Managing Editor Money Morning Famed investor Warren Buffett didn't fare much better than anybody else in 2008. But the Oracle of Omaha remains optimistic, convinced that investors who brave today's fierce financial tempest will be rewarded in the long run. "I've been buying American stocks," Buffett said in an editorial in The […]
Global Investment News Briefs
Caterpillar Offers 2,000 Early Retirements; Canada Posts Rare Trade Deficit; RIM Meets 4Q Expectations, Barely; GE Powering Middle East; Dollar Rises Against Yen, Euro; GM Seeks Saab Funding From Sweden; Gold Hits 7-month High; China Injects $19.5 Billion Into Rio Tinto Heavy equipment maker Caterpillar Inc. (CAT) said it will offer voluntary early retirement packages […]
Senate, House Reach Compromise on Stimulus Bill
By Jason Simpkins Managing Editor Money Morning Negotiators from the House of Representatives and the Senate reached a compromise on the proposed economic stimulus bill today (Wednesday) and could have a bill on President Barack Obama's desk by the end of the week, CNN reported. "The bills were really quite similar, and I'm please to […]
Recession Shrinks U.S. Trade Deficit for Fifth Straight Month
By Don Miller Associate Editor Money Morning The U.S trade deficit fell to the lowest level in nearly six years in December as the recession continued to depress domestic need for imports and the spread of the global financial crisis slashed demand for U.S. exports, the Commerce Department reported yesterday (Wednesday). The trade deficit shrank […]