Editor's Note: After stock prices surged strongly on Wednesday and Thursday, we decided to look to see if we could determine whether this was a bear-market trap, or the start of a new bull market rally. Our findings may surprise you. By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report "Put this bell on your pack." […]
Archives for July 2008
July 2008 - Page 6 of 12 - Money Morning - Only the News You Can Profit From
If You're Prospecting for Gold, Tell Them Ben Bernanke Sent You
U.S. Federal Reserve Chairman Ben S. Bernanke is caught between a rock and a hard place right now. Sure, he would prefer that you focus on "core inflation," since it excludes sharply rising food and oil prices. But we all have to eat and we all consume energy. It's just a matter of time before […]
Sovereign Wealth Funds Reducing Exposure to U.S. Dollar
By Jason Simpkins Associate Editor State-run sovereign wealth funds are diversifying away from the U.S. dollar, as well as dollar denominated assets, at an unheralded pace, as the greenback's protracted declined undermines the credibility of U.S. policymakers. The Financial Times reported yesterday (Thursday) that one large, unnamed Gulf fund has cut its dollar-denominated holdings from […]
U.S. Housing Starts Hit Two-Year Record on NY Technicality
By Jennifer Yousfi Managing Editor Housing starts made a sizeable 11.6% jump in June, the Commerce Department announced yesterday (Thursday). However the surprising surge was explained by a change in New York City code law, rather than a true turnaround in the troubled housing market. "This report is much weaker than it looks," Ian Shepherdson, […]
The Lost Decade: How the U.S. Financial Crisis Resembles Japan's Ten Years of Misery - And How to Play it for Profit
Part II of a two-part story. By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report A "Lost Decade" doesn't have to translate into lost profit opportunities. As the global financial crisis continues to escalate, the United States is increasingly facing the prospect of a long malaise that could easily eclipse Japan's Lost Decade of the […]
Inside Wall Street: That Ticking Sound You Hear Out in the Mortgage Market is the FHA
By Shah GilaniContributing Editor The fundamentals of economic strife based on the disastrous collapse of the U.S. housing market will not get better any time soon. In fact, what's being pushed through both houses of Congress, even as you read this, is so dangerous that it should be immediately abandoned and revealed for what it […]
Global Investing Roundups
Piracy Robs Microsoft; BlackRock Profits Rise 23%; Nokia Beats Expectations; Venezuela Lights Up U.S.; BOE’s Sentance "Struck"; Coke’s Earnings Hiccup; JPMorgan Earnings Surprise; Investor Outrage in Pakistan Microsoft Corp.'s (MSFT) profit growth may be stunted this year by a resurgence of software piracy in China, the second-biggest personal-computer market after the U.S., Bloomberg News reported. […]
Boeing Lands $10 Billion in Emerging Market Deals
By Jason Simpkins Associate Editor Air China announced yesterday (Wednesday) that it will buy 45 The Boeing Company (BA) jets to help cover increased domestic demand at a time when many Western airlines are struggling to overcome high fuel prices and declining traffic. Air China will buy 15 Boeing 777s and 30 Boeing 737s at […]
Escalating Inflation at Home and Abroad Puts Pressure on Central Bankers
By Jennifer YousfiManaging Editor Inflation is spreading like wildfire around the globe, and while not every country is hurting as bad as Zimbabwe with its mind-boggling 2.2 million percent inflation, the United States and Europe are definitely still getting scorched by rising prices. U.S. consumer prices, as measured by the Consumer Price Index (CPI), increased […]
Cleveland-Cliffs Taps Into Emerging Market Steel Demand with $10 Billion Buyout of Alpha Natural Resources
By Jason Simpkins Associate Editor Cleveland-Cliffs Inc. (CLF), a top producer of iron ore pellets and supplier of metallurgical coal in North America, will buy Alpha Natural Resources Inc. (ANR) in an effort to bolster its coal reserves and exploit the soaring demand for steel among emerging markets worldwide. Cleveland-Cliffs is paying $10 billion for […]