[Editor's Note: With the New Year upon us, it's a good time for investors to be looking ahead. With that in mind, Money Morning will be running installments of our "Outlook 2009" economic forecasting series into the New Year.] By Don Miller Contributing WriterMoney Morning President-elect Barack Obama has made no bones about wanting to […]
Archives for 2008
January 2008 - Page 153 of 153 - Money Morning - Only the News You Can Profit From
Money Morning's Three-Minute Review: How Last Week's Events Will Shape This Week's Action
By William Patalon III Executive Editor Money Morning/The Money Map Report Last week, investors worldwide were hoping for a holiday respite from the financial-market uncertainty and geopolitical turmoil that was the hallmark of 2007. They wanted to forget about the imploded U.S. housing market, the subprime-mortgage debacle, the ongoing credit crisis, escalating oil prices, the […]
Outlook 2008: The U.S. Economy Is Down - But Not Out - in the New Year
Editor's Note: This is the Fifth Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008 By Jennifer Yousfi Managing Editor Despite a still-slumping housing market, an escalating credit crunch and spiraling inflationary pressures, the U.S. economy should still manage to advance at a 1% to 2% clip in 2008. While investors might […]
Citigroup and Others Still Reeling from Subprime Aftershocks
By Jason Simpkins Associate Editor After an unyielding series of write-downs, losses, and layoffs, financial firms are still struggling to cope with the widespread fallout from the subprime mortgage meltdown. Now, with Goldman Sachs Group Inc. (GS) forecasting another heavy hit to Citigroup Inc. (C) and others in the fourth quarter, it appears the sector's […]
2007: The Worst Holiday Shopping Season in Five Years?
By Jennifer Yousfi Managing Editor The holiday shopping season has come to a close and while final sales figures won't be released until mid-January, retailers fear they will fail to meet even the most modest of expectations. Sales reports released so far have demonstrated that the 2007 holiday shopping season has shown the slowest growth […]
Dollar Ends 2007 With A Thud
By Jason Simpkins Associate Editor Although some analysts believe the U.S. dollar is destined for a rebound in 2008, it ended 2007 with a thud. Indeed, in the final full week of the year, the greenback experienced its largest weekly decline since April 2006. The dramatic dollar drop was prompted in part by a report […]
Chinese Insurance Companies Bulk up on Infrastructure Investments
By Jason Simpkins Associate Editor A group of insurance companies led by Ping An Insurance, China's second-largest life insurer, announced Friday that they would invest more than $2 billion in a high-speed railway running from Shanghai to Beijing, the Financial Times reported. In addition to Ping An, the consortium includes PICC Property and Casualty Co. […]