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With Grocery Prices Soaring, This High-Tech Food Play Belongs on Your Shopping List

Aside from the continued sell-off in U.S. tech stocks, one of yesterday’s top financial news stories was the fact that U.S. inflation is accelerating – and at a pace that’s exceeding forecasts.

And the surge in food prices is one of the big catalysts…

  • U.S. Economy

  • When Stimulus Spending Winds Down, Will U.S. Businesses Step in For Tapped-Out Consumers? [Editor's Note: This is Part II of a two-part story that looks at the prospects for the U.S. economy in 2010. It's part of Money Morning's annual "Outlook" forecasting series. In the days and weeks to come, watch for additional installments addressing the 2010 outlook for gold, oil, banking, foreign markets and other key topics. Part I of the U.S. economy forecast story appeared yesterday (Tuesday). ]

    It's no secret that government spending has been fueling much of the growth in the $14.2 trillion U.S. economy. And if consumers aren't ready for the handoff when that stimulus spending winds down - and they certainly don't appear to be - it will be up to the U.S. business sector to carry the ball.

    And it's not at all clear that Corporate America is ready, willing or able to fulfill that role. Read More...
  • Is a Second U.S. Stimulus Package Headed Our Way? Is the recent market softness something to be worried about?

    Not if U.S. President Barack Obama & Co. comes through with a second stimulus package – as I’m expecting.

    Let me explain …

    There are a few reasons to suspect that the softness we’ve been seeing will continue for a week or so. Small-cap stocks – which continue to drag along like road kill caught on the rear bumper of the market – are our main cause of concern at the moment.
    Read More...
  • Investors Needn't Fear a Double-Dip Recession A new report contains some very good news for investors: Double-dip recessions are very rare. That means that a drop back into recessionary conditions looks less and less likely even as unemployment creeps higher and has crossed the 10% threshold for the first time in a quarter century. After reviewing U.S. economic history all the […] Read More...
  • Unemployment Rate Cracks Double-Digit Barrier at 10.2%, Boosting the Odds of a "Jobless Recovery" Welcome to the jobless recovery. The U.S. unemployment rate zoomed to an unexpected 10.2% in October, piercing the double-digit barrier for the first time in 26 years as employers continued to slash payrolls even as the nation's economy continues to improve. The jobless rate pierced the psychologically important 10% barrier for the first time since […] Read More...
  • Investment News Briefs Fed Keeps Rates, Language the Same; U.S. Services Slow, But Still Growing; ADP: Private Sector Job Losses at Slowest Pace Since July 2008; Microsoft Lays Off 800; Berkshire Could Lose AAA Rating; N.Y. Files Antitrust Suit Against Intel; Google's Lobbying Budget Up 50% in Q3; Better Garmin Results Can't Stop Stock Selloff Read More...
  • Where to Find Big Profits in a Post-Crash World [Editor's Note: The essay that follows was adapted from "Fiscal Hangover," a brand-new global investing book written by Money Morning's Keith Fitz-Gerald. For more information - including details on how to get a $10 discount off of the cover price - please click here.] As I write this, everyone from Wall Street to Main Street […] Read More...
  • Unemployment Figures Increase Odds of Jobless Recovery The number of unemployed Americans jumped more than expected in September, raising the unemployment rate to 9.8%, the highest level since 1983.  The latest data suggest the odds are increasing that the economy may be suffering through its second “jobless recovery” in eight years. U.S employers cut 263,000 jobs from payrolls in September the Labor […] Read More...
  • U.S. GDP Revised Up, but Economic Growth is Unlikely to Gain Momentum After contracting by 6.4% in the first three months of the year, the U.S. economy shrank just 0.7% in the April-June period. But while many analysts believe growth resumed in the third quarter, any recovery will likely be hamstrung by high unemployment. The U.S. Commerce Department revised its estimate of gross domestic product (GDP) to […] Read More...
  • It's the Best Investment in North America – and It Isn't the United States The U.S. stock market has run up magnificently in the last six months. The U.S. economy has begun to recover, but its performance has fallen short of expectations. And with good reason. The United States has a bigger and more-troubled financial sector than most countries. It also has a bigger overhang from the housing bubble, […] Read More...
  • Fed Says Economy Picks Up But Keeps Lid on Interest Rates The Federal Reserve Open Market Committee (FOMC) today (Wednesday) said that the economy has improved, but kept the benchmark interest rate target at all-time lows, indicating that it is determined to nurture a budding economic recovery by providing liquidity to the financial sector. Economic activity is "picking up," the Fed statement said. The statement was […] Read More...
  • Government Looks to Extend Jobless Payments as Unemployment Soars With unemployment expected to remain at its highest level in decades for at least another year, the government is considering another extension of jobless benefits to help the unemployed. The House of Representatives will vote next Wednesday on a new measure that would extend jobless benefits for an additional seven weeks nationwide and for 13 […] Read More...
  • Gold Prices Soar to 18-Month High on Dollar Weakness, Inflation Fears Gold bugs pushed the gold prices to an18-month high today (Wednesday), as rattled investors focused on renewed weakness in the U.S. dollar and the looming potential for runaway inflation. Those factors combined to push gold as high as $1,023.30 an ounce, the loftiest level since late March 2008. The case for inflation was bolstered by […] Read More...
  • Buy, Sell or Hold: The SPDR Gold Trust ETF (NYSE: GLD) Continues to Offer Investors a Hedge Against Inflation The just-concluded Group 20 (G20) meeting left us with a chorus of very "prudent" governments and central bankers singing the praises of easy monetary and fiscal conditions. So where can we take refuge when all the central banks in the world print money and governments run deficits in order to spend like drunken sailors? The […] Read More...
  • Money Morning’s Bank Stress Test Says These Three Banks Are the Strongest Why wait for the U.S. Treasury Department's bank stress test when Money Morning can highlight the four secrets that will let you separate the winners from the losers in the U.S. banking system?

    Call it the "Money Morning Bank Stress Test."

    Back in February, I looked at the Top 12 U.S. banks, to determine whether it was really necessary - as U.S. Treasury Secretary Timothy Geithner was proposing at the time - to devote the enormous sum of $1.5 trillion of our money to bail them out. I came to the conclusion that such a huge bailout was unnecessary, and that only a few of the Top 12 banks seemed in any danger of collapse. Fortunately, policymakers and the market have now come to agree with me. Read More...
  • U.S. Economy Shrinks 3.8% in 4Q, and Stats Show Worst Isn’t Over By Mike Caggeso Associate Editor Money Morning The U.S. economy shrank 3.8% – less than forecast – but still the biggest gross domestic product (GDP) slide since 1982. For 2008, GDP rose 1.3%, the slowest pace since 2001's 0.8% growth. Most of the grim indicators of the third quarter – during which the economy shrank […] Read More...