By Peter D. SchiffGuest ColumnistMoney Morning There is an old Wall Street adage that no one rings a bell at major market tops or market bottoms. That may be true in normal times, but as many have noticed, we are now completely through the looking glass. In this parallel reality, U.S. Federal Reserve Chairman Ben […]
Archives for March 2009
March 2009 - Page 3 of 12 - Money Morning - Only the News You Can Profit From
Global Investment News Briefs
Volcker Appointed to Overhaul Tax Code; Ken Lewis Sees Recession Bottoming; Ford's Volvo Sales Moving Along; Romania Receives $27 Billion IMF Loan; IBM Transfers Jobs to India; Durable Goods Orders Rise; Brazil's Stock Market Surges to Six Week High; Bank of America to Repay TARP Funds President Barack Obama has appointed Former Federal Reserve Chairman […]
U.S. Housing Market Shows Signs of Life as Government Programs Kick In
By Don MillerAssociate EditorMoney Morning The government's efforts to put a floor under the U.S. housing market and halt a withering onslaught of foreclosures appeared to bear fruit yesterday (Wednesday), as a bevy of news indicated the housing sector might be stabilizing. Leading the way was a report from the Mortgage Bankers Association that U.S. […]
Blockbuster Teams with TiVo Go Global to Escape Extinction
By Mike Caggeso Associate Editor Money Morning Facing near extinction at the hands of Netflix, Inc. (NFLX) and increasingly popular pay-per-view movies, Blockbuster Inc. (BBI) announced that it would team with on-demand television powerhouse Tivo Inc. (TIVO) to sell and rent movies via digital video recorders (DVRs). According to the deal, TiVo users will be […]
The Three Ways China May Deal With Growing U.S. Debt
By William Patalon III And Jason Simpkins Money Morning Editors Although there's a veritable laundry list of obstacles that could blunt the U.S. government's ongoing economic turnaround efforts, its single-biggest challenge may come from its single-biggest creditor – China. When China announced a new array of stimulus measures earlier this month, this very important plan […]
With Russia’s Economy in a Deep Freeze, Is Medvedev Gearing Up to Give Putin Das Boot?
By Jason SimpkinsManaging EditorMoney Morning With Russia's economy in shambles, President Dmitry Medvedev has been distancing himself from his predecessor and friend of 20 years, Prime Minister Vladimir Putin. In doing so, Medvedev has fueled speculation that the former-KGB agent's days in Moscow may be numbered. Russia has been hit with a triple-whammy since the […]
Global Investment News Briefs
Geithner Calls For Regulatory Reform; Fed President Sees 2009 Rebound; Bank of China Posts 59% 4Q Profit Drop; Goldman Plans to Repay TARP money quickly; U.K. Inflation up 3.2% in February; Major Exchanges Want New Curbs on Short-Selling; Lloyd's Says Insurance Rates to Rise; Copper Prices Take Breather After Rising 30% on China Demand; Mexico's […]
Airline Losses Mount as Revenues Dive Below Post-911 Levels
By Don MillerAssociate EditorMoney Morning Global airline losses may total $4.7 billion this year as revenues plunge below levels seen after the terrorist attacks of September 11, 2001, the International Air Transport Association said today (Tuesday). The revised loss estimate, nearly double the previous forecast issued in December, reflects "the rapid deterioration of the global […]
South Korea Planning Additional $13 Billion Stimulus, Extra Spending to 2009 Budget
By Mike Caggeso Associate Editor Money Morning South Korea, Asia's fourth-largest economy, approved an additional $20.7 billion (28.9 trillion won) to the national budget – with $13 billion intended to stem the nation's economic decline and rising unemployment. The extra spending is on top of the original 284.5 trillion won budget for 2009, and will […]
Punitive Tax Rates of 90% Could Cause More Problems Than They Cure
By Martin HutchinsonContributing EditorMoney Morning For lawmakers who believe that 90% tax rates would be an effective way of punishing the financial malefactors who continue to flourish as the rest of us founder, take careful note: Not only will you punish the innocent as well as the guilty, you could also extinguish the innovative spark […]