As the number of bank failures grows, the Federal Deposit Insurance Corp. (FDIC) is falling deeper into the red, but deposits at insured banks keep growing. Six banks failed on Friday, bringing the total number of banks failed this year to 106. That's more than four times the amount of bank failures in 2008, and […]
Archives for October 2009
October 2009 - Page 3 of 11 - Money Morning - Only the News You Can Profit From
China Encouraging Overseas Investment to Take the Pressure Off of Its Currency
China, for the first time in 17 months, allowed mutual fund companies to resume purchases of foreign assets through its Qualified Domestic Institutional Investors (QDII) program. The government's decision to allow funds to invest overseas shows Beijing is confident in the global economy, but concerned about the value of its currency, the yuan. E Fund […]
Anatomy of a Scam: This "Prime Bank Program" Has Already Cost Investors Billions
Two years ago, an associate of mine lost $100,000 because he didn't listen to me. A year ago, I saved a manufacturing company from the same scam. And just last week I saved a friend of mine $300,000. For several years now, a far-fetched but seemingly plausible investment opportunity has been wreaking havoc across the […]
A Money Morning Interview: The Future of Energy
Renowned Oil Expert Dr. Kent Moors Details Shortages of Oil, the Impact of Higher Prices, the Promise of New Technologies and the Opportunities For Investors Dr. Kent Moors is one of the world's foremost experts on oil, energy policy, finance, risk management and new technologies. Moors advises the leaders of six oil-producing countries, including the […]
Retailing Stocks and Stats Suggest the U.S. Stock Market Rally is For Real
We haven't looked at the new high list for some time, so I took a quick look to see what's cooking. There were quite a few American Depository Receipts (ADRs) for Israel-based companies on the list last week, as well as a lot of U.S. retailers and apparel wholesalers. J Crew Group Inc. (NYSE: JCG) surged to […]
Executive Pay Cuts Rekindle "Say-on-Pay" Flame in Washington
Last week’s decision by the Obama administration to cut and limit the pay of executives at bailed out companies is generating a lot of press, but it’s the moves by Congress that would give investors a “say on pay” that will have the broader sweep on Wall Street. Pay cuts by the administration’s “pay czar” […]
Buy, Sell or Hold: It's Time to Book Profit on Brazil
Nearly one year ago – Oct. 27, 2008 – I recommended buying the iShares MSCI Brazil Index (NYSE: EWZ). That week, the exchange-traded fund (ETF) reversed its decline and rallied 31%. Today it is about 110% higher than our original entry point, which pretty much marked the bottom. In that article, I highlighted two top […]
Existing Home Sales Pop on Rush to Beat Tax Credit Deadline
Purchases of existing homes in the U.S. rose to the highest level in more than two years in September, as first-time homebuyers hurried to cash in on a government tax credit before it expires in November. Sales of previously owned homes exceeded forecasts, surging 9.4% to an annual rate of 5.57 million units. It was […]
United Kingdom GDP Report Disappoints, Forcing BOE to Rethink Monetary Policy
The United Kingdom's gross domestic product (GDP) contracted 5.2% year-over-year in the third quarter, disappointing analysts and dragging down European growth. U.K. GDP shrank 0.4% on a quarterly basis where economists had expected to see 0.2% growth. Apparent recoveries in France and Germany were largely responsible for analysts' optimistic expectations, but it looks as though […]
The Three Factors Choking the U.S. Recovery
The stock market may have rallied, but the economy is threatening to erase those gains. This report shows you the three factors choking the recovery – and gives you 3 ways to protect your money until the real recovery sets in.