Money Morning's Fitz-Gerald to Appear Tomorrow on the Fox's Varney & Co.
Money Morning Chief Investment Strategist Keith Fitz-Gerald will appear as a guest on Fox's Varney & Co. program tomorrow (Tuesday), the second time this week that the well-known investment expert has appeared on the Fox Business Network.
Fitz-Gerald, a best-selling author and noted China expert, is scheduled to appear on Varney & Co. from 9:30 a.m. to 10 a.m. (EDT) tomorrow. He was a guest on the Fox Business early morning show for two hours this morning (Monday).
The Bull Market is Intact and On the Move
Bears have been scratching for a vulnerable spot in the bulls' narrative in the past few weeks, but have been coming up empty, as they logged a blistering March.
Sellers tried to sink the market back in February as the long-simmering Greek debt fiasco roared into the headlines, but that didn't work out so hot for them. And early last week they tried again by both highlighting new reports of discord between the European Monetary Union authorities and Greece, and by flogging the news of a Fitch Ratings Inc. downgrade of Portuguese debt.
At some point, portfolio managers outside of Europe may decide that they care about these matters but for now there has been what you might call a Gallic shrug. Tant pis, as the French say.
Money Morning Mailbag: A Look at the Past Shows Us the Profit Opportunities Now Headed Our Way
Question: Recently, several readers have questioned the significance of the removal of the Glass-Steagall Act in 1999, the current financial meltdowns and the similarities between now and the short period leading up to the Great Crash of 1929. In my readings a number of years ago, I came upon the testimony of Mr. Robert Kuttner, who appeared before the U.S. Committee on Financial Services on Oct. 2, 2007. Would you consider reviewing that testimony and sharing your thoughts with our readers?
- Michael R. Scott
Answer: Thank you for pointing me to Robert Kuttner's October 2007 testimony (which readers can access by clicking here.)
Obama Reveals $14 Billion Housing Program Aimed at Unemployed and Underwater Homeowners
The Obama administration on Friday announced a $14 billion program to shore up the housing market by giving lenders incentives to slash some mortgage debt and reduce mortgage payments for the unemployed. As the housing market struggles under the weight of an epidemic of foreclosures there was disturbing evidence last week that the malaise is [...]
Indonesia Catching China's Eye
It's an open secret that Indonesia's economy is on the rise. In the spirit of March Madness, it's something of a sleeper. That's why China, which is always looking for promising new investments, is looking to make inroads there.
Indeed, China's appetite for commodities makes Indonesia – with its close proximity and abundance of natural resources – an ideal partner.
PetroChina Co. Ltd. (NYSE ADR: PTR), Sinopec, Sinosteel, Minmetals and China Investment Corp (CIC) – Beijing's $300 billion sovereign wealth fund – are all aggressively scouring South East Asia's largest economy for takeover targets and joint venture partners, the Live Trading News reported.
Money Morning's Fitz-Gerald Set to Appear Twice on Fox Business
Chief Investment Strategist Keith Fitz-Gerald is scheduled to make two appearances on the Fox Business Network early next week.
Fitz-Gerald, a best-selling author and noted China expert, is scheduled to appear on the Fox Business early morning show on Monday, from 7 a.m. to 9 a.m. (EDT).
He is then scheduled to be a guest on Fox's Varney & Co. program on Tuesday, from 9:30 a.m. to 10 a.m. (EDT).
How the Little Guy Will Fix Oil Futures and Get In on the Profits
Sometimes big things come from small meetings.
As an example, consider one particularly contentious 1927 session at the Royal Institute of International Affairs that took place at Chatham House in the center of London's Westminster. It originated an idea now used worldwide – the famous Chatham House Rule. Under its most recent revision (2002), the Rule allows the participants of a meeting to use the information received there, but prohibits them from revealing the identity or affiliation of anyone else present.
The Chatham Rule also governed the meetings I attended at Windsor Castle outside London from a recent Friday through to the early-morning hours of the following Monday. These meetings were the annual consultations of the Queen's Windsor Energy Group, which were meant to be private, high-level, discretionary advisories. This is one of the few "old boys" clubs left in the world where talk can translate directly into action.