Archives for February 2008

February 2008 - Page 2 of 15 - Money Morning - Only the News You Can Profit From

Treasuries May be no Safe Haven in This Stock Market Storm

By Martin Hutchinson Contributing Editor For the last couple of years, every time problems have emerged in the stock market, investors have rushed into U.S. Treasury Bonds, assuming they're a catchall "safe haven" against stock-market storms. But there are signs that at least long-term Treasuries may no longer provide that safe haven – and actually […]

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Growth - Not Inflation - Remains the Fed's Main Concern

By Jason Simpkins Associate Editor U.S. Federal Reserve Chairman Ben S. Bernanke yesterday (Wednesday) echoed Vice Chairman Donald Kohn's earlier view that market turmoil and slowing growth pose the "greater threat" to the U.S. economy, a comment that clearly relegates inflationary concerns to the back burner. "The Federal Open Market Committee will be carefully evaluating […]

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Hong Kong Makes Huge Tax Cuts, Increases Spending on Infrastructure Intangibles

By Mike Caggeso Associate Editor Sitting on an estimated $15 billion budget surplus, Hong Kong's financial chief, John Tsang, said he would slash taxes, eliminate duties on beer and wine, increase spending on health services and introduce measures to bridge the income gap and reduce air pollution, AFP reported. Income taxes will be cut from […]

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Midday Market Update: Bernanke Testimony Hints at More Easing

By Jennifer Yousfi Managing Editor Stocks moved forward for the fourth consecutive day as Federal Reserve Chairman Ben S. Bernanke's testified before Congress today that the Fed would "act in a timely manner" to mitigate "downside risks" to the U.S. economy. At noon ET, the three major U.S. stock indices had all posted gains. The blue-chip […]

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Fed Can't Hide From Inflation; Bernanke Appears Before Congress

By Jason Simpkins Associate Editor Wholesale food, energy and medicine costs soared in January, pushing inflation up at the fastest pace in a quarter century, the Labor Department reported yesterday (Tuesday). Producer prices jumped by 1% for the month, more than double the increase analysts expected. The abrupt increase follows a 0.3% drop in December. […]

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Shareholders 1, Subprimes 0: Ailing Countrywide Gets "Countryfried" for Expensive Ski Junket

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report I don't know whether to be furious or relieved. While at our Oxford Club Chapter Meeting in Colorado Springs last week, I happened to learn that Countrywide Financial Corp. (CFC) was planning to host several dozen mortgage company reps at the nearby Ritz-Carlton Bachelor Gulch […]

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