By Shah GilaniContributing Editor It's the end of the "American Dream." It's the story of how the inevitable bailout of insolvent housing giants Fannie Mae (FNM) and Freddie Mac (FRE) – with the Federal Housing Administration soon to follow – will ultimately lead to such sorrowful sequels as "TheDeath of the Dollar," "The Downgrading of […]
Archives for July 2008
July 2008 - Page 8 of 12 - Money Morning - Only the News You Can Profit From
Global Investing Roundups
Canadian Solar Shines; Battle of the Trash Barons; Run on IndyMac; Bush Lifts Drilling Ban; New iPhone Sells 1 Million Units; Middle Eastern Airlines Dominate Airshow; Russian Oil Producers Miss Targets; Shell Buys Canada's Duvernay China-based Canadian Solar Inc. (CSIQ) boosted its revenue forecast for the second quarter, sending its shares up over 18% yesterday […]
As Treasury's Paulson Prescribes Bailout for Fannie Mae and Freddie Mac, Guru Jim Rogers Predicts an "Unmitigated Disaster"
By Jason SimpkinsAssociate Editor Standing on the steps of the U.S. Treasury building across the street from the White House, Treasury Secretary Henry Paulson asked Congress for the power to prop up Fannie Mae (FNM) and Freddie Mac (FRE), the two failing mortgage giants involved with nearly half of the $12 trillion U.S. mortgage market. […]
InBev Finally Woos Anheuser-Busch with Higher Offer, Top Billing
By Jennifer YousfiManaging Editor In a move that surprised investors, Anheuser-Busch Companies Inc.'s (BUD) board voted to end more than 150 years as a family-controlled company, accepting a $70-per-share bid from Belgium's InBev NV in a deal that puts a $52 billion price tag on the iconic American brewer. The St. Louis-based Anheuser-Busch – which […]
Subprime Crisis Again in the Spotlight as the Meltdowns of Fannie Mae and Freddie Mac Fuel Fears of a Deeper Downturn
By William Patalon III Executive Editor Money Morning/The Money Map Report We've been warning you since the start that the subprime crisis would have some real staying power. Indeed, every time optimistic prognosticators have predicted an end to this global financial debacle, we've had the same response: Don't you believe it. Again just recently, after […]
Insights on Income: Foreign Markets are a Necessary Profit Play for Today's Income Investor
By Martin HutchinsonContributing Editor Back in the middle 1980s, income investing for U.S. investors was pretty simple. Inflation was around 5% – roughly the same as now – but U.S. government bonds were paying close to 8%, and without going into high-risk debt issues you could find 9% with very little difficulty. If you were an […]
Buy, Sell, or Hold: Cummins Inc.
Q: As a newcomer to the stock market, I hear a lot about such companies as Caterpillar Inc. (CAT), Deere & Co. (DE), Komatsu Ltd. (OTC ADR: KMTUY), and others. Yet not much is said about Cummins Inc. (CMI). Do you have any insight, as I own about 2,000 shares? So begins a letter from […]
Gazprom Keeps the Heat on Europe by Pressing Libya
By Jason Simpkins Associate Editor OAO Gazprom, Russia's state- sponsored gas monopoly, is offering to buy all of Libya's oil and gas exports in a bid to increase its dominance over Europe's gas market and enhance Russia's political clout throughout the region. Alexei Miller, Gazprom's chief executive, made the offer on July 9th at a […]
Possible Weekend Bailout for Freddie Mac and Fannie Mae
By Jennifer YousfiManaging Editor Speculation that the U.S. government would have to step in to bail out struggling mortgage-giants Freddie Mac (FRE) and Fannie Mae (FNM) escalated as the markets set to close for the weekend. Shares recovered slightly after Reuters reported U.S. Federal Reserve Chairman Ben S. Bernanke granted Freddie Mac and Fannie Mae […]
Two Big Reasons to Remain Bullish on Brazilian Stocks
By Jason Simpkins Associate Editor Brazilian stocks as measured by the country's Bovespa benchmark stock index has fallen 20% from its May 20 record, but that doesn't mean it's time to give up on Latin America's largest economy. Brazil still has plenty to offer, and with stock valuations low, it's a good time to go […]