By Mike Caggeso Associate Editor Money Morning As the Senate meets today (Monday) to discuss what to do with the eviscerated U.S. auto industry, some strong words from one of the Senate's most powerful member suggested a much-debated bailout could come with some strings attached for top executives. "It is not my job to hire […]
Archives for December 2008
December 2008 - Page 9 of 11 - Money Morning - Only the News You Can Profit From
Keith Fitz-GeraldInvestment DirectorMoney Morning We’re “officially” in a recession and the panicky markets are bracing for deflation. But what most investors don’t realize is that inflation – not deflation – is the real threat that they face. For more than a year now, I’ve been telling readers and attendees at financial conferences around the world […]
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report With the benchmark Federal Funds rate already down to 1.0%, U.S. Federal Reserve Chairman Ben. S. Bernanke has only so much room for another cut (although many economists are predicting an additional half-percentage-point cut at the Dec.15-16 meeting). The Fed extended the lives of recently initiated […]
There is no doubt that the global economic environment presents a very bleak outlook. The National Bureau of Economic Research (NBER) last week announced that the U.S. economy has been in a recession since last December – a situation that appears to be getting worse, given that the economy lost half a million jobs lost […]
By William Patalon III Executive Editor Money Morning/The Money Map Report With the U.S. “Big Three” of General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler Corp. seeking as much as $34 billion in bailout money, there’s a lot at stake for the American auto industry. There would also be quite a bit at […]
By William Patalon III Executive EditorMoney Morning/The Money Map Report The Boeing Co. (BA) may further delay first deliveries of its flagship 787 Dreamliner by at least six months – meaning the jet will enter service more than two years later than was originally projected – because of the recently concluded strike by union machinists […]
"Have we seen the worst from the financial sector?"
The question – a very good one – came from an audience member following my global investing presentation at the Agora Wealth Symposium in Vancouver, British Columbia.
Since Ben Bernanke touted the dollar's muscle in 2002, the greenback has fallen 40% against world currencies. This free report reveals what's next for the greenback andfour ways you can profit.
I don't know about you, but I could only pick my mouth up off the floor when I watched the Big Three's CEOs beg for a taxpayer-funded bailout this week. Never mind the fact that they're now asking for $34 billion (up 36% from $25 billion two weeks ago), or that they drove to DC in a caravan of new hybrids that would make the Keystone Cops proud.