By Martin HutchinsonContributing Editor Like it or not, with the invasion of Georgia, we have a new Cold War – as well as the profit opportunities that accompany such a conflict. International investors were able to make a lot of money during the “first” Cold War, so if any more politicians or TV commentators tell […]
Archives for August 2008
August 2008 - Page 7 of 12 - Money Morning - Only the News You Can Profit From
Global Investing Roundups
Deere Misses Estimates; Genentech Rejects Roche Bid; Crude Rises on Inventory Report; China Fire & Security an Earnings Inferno; Joining Forces to Battle Insider Trading; Best Buy’s Coup; Merrill Slashes Wall St. Ratings; Ford’s European Makeover Deere & Co. (DE), the world's largest maker of farm equipment, dropped the most in 20 years after reporting […]
Retail Sales Down as Unemployment Rises and Home Values Decline
By Jason SimpkinsAssociate Editor Retail sales fell 0.1% in July, as home values declined, unemployment rose, and consumers cut back on big-ticket spending. The decline was the first drop in five months and followed a 0.3% up-tick in June, the Commerce Department reported yesterday (Wednesday). Sales at dealerships and parts stores were at the forefront […]
China Points the Way to Profits as the New Global Manufacturing Leader
By Martin Hutchinson Contributing Editor There’s more bad news for those of you who are worrying about the United States’ global geo-strategic position. According to a recent report, starting next year, Chinese manufacturing output will exceed that of the United States. In concrete figures, of the world’s $11.8 trillion of manufacturing value added output expected […]
Bargain Hunting in the Canadian Energy Market
By Jennifer YousfiManaging Editor With oil down more than 20% from its record high, Canadian energy stocks have been beaten down to more affordable levels. But as concerns over demand and refining margins grow, it can be hard to determine which Canadian energy stocks are still viable profit plays. Strong oil exports helped to boost […]
Pound Sterling Plummets as the Chance for a BOE Rate Cut Improves
By Jason SimpkinsAssociate Editor The British pound fell to a 22-month low yesterday (Wednesday), after the Bank of England (BOE) offered a gloomy outlook for the U.K. economy and the chance of an interest rate cut increased. The pound fell to $1.8656 yesterday – its lowest level since October 2006 – from 1.8968 the day […]
Financial Reality Will Sound a Wake-Up Call for the Federal Reserve and the American Dream
By Peter D. SchiffGuest Columnist In holding overnight rates steady at 2%, the U.S. Federal Reserve once again put forth its belief that, despite a cascade of horrific financial data, the economy is likely to continue to grow slowly and that inflation would moderate. Although wrong on both counts, this view is consistent with the […]
Why Today’s Bull Market is Tomorrow’s Bear Trap
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Depending on your perspective, U.S. equities are either at the edge of another cliff or at the dawning of a new bull market. We could make the case for either. But in as much as that would be an interesting exercise, the more relevant question […]
Global Investing Roundups
Mitsubishi Seeks CA Bank; Bargain Hunters Boost TJX; BP Takes Precautions in Georgia; LDK Shines in Second Quarter; Trade Deficit Shrinks on Record Exports; Budget Deficit Triples its Record; Freddie and Fannie Lobby Uncle Sam; Things Get Worse for Wachovia Mitsubishi UFJ Financial Group Inc. (ADR: MTU) offered UnionBanCal Corp. (UB) $63 per share for […]
Higher Corn Prices Ahead as Overly Optimistic USDA Report Misses the Mark
By Jennifer YousfiManaging Editor Corn prices are down 36% from their June peak, but despite the U.S. government’s claims of a bumper corn crop this year, the current dip in corn prices is just a temporary abatement, as higher demand and a potentially smaller-than-estimated total crop are poised to push corn prices higher. The U.S. […]