By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
[Editor's Note: Money Morning Chief Investment Strategist Keith Fitz-Gerald's new book – "Fiscal Hangover" – will be published on Monday.]
When it comes to global manufacturing, Mexico is quickly emerging as the "new" China.
According to corporate consultant AlixPartners, Mexico has leapfrogged China to be ranked as the cheapest country in the world for companies looking to manufacture products for the U.S. market. India is now No. 2, followed by China and then Brazil.
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
[Editor's Note: This essay is adapted from "Fiscal Hangover," which will be published on Monday (Nov. 16).]
With all the financial woes in the global economy, the worst thing an investor can do is to "freeze up." With all the ups and downs in the market, it's all too easy for investors to allow their emotions to take control. That's when the smallest mistakes turn into the biggest mistakes.
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
[Editor's Note: The essay that follows was adapted from "Fiscal Hangover," a brand-new global investing book written by Money Morning's Keith Fitz-Gerald. For more information – including details on how to get a $10 discount off of the cover price – please click here.] As I write this, everyone from Wall Street to Main Street […]
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
Everything we know about classic economic theory suggests the U.S. economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the U.S. Federal Reserve has pumped into the system.
But we're not…yet.
Classic economic theory says that money supply can be used to stimulate the economy and our central bankers seem to agree. That's why they've pumped more than $1 trillion dollars into the economy, engineered countless bailout bonanzas for zombie institutions, put Detroit on life support, and delivered a bunch of financial Band-Aids to the trauma ward – all in a desperate bid to make Americans feel better about the global financial crisis.
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
By now virtually every investor has heard the argument that the U.S. dollar is slated to lose its status as the global reserve currency. And that's good – as far as it goes. What's bad is that many of these investors have yet to latch onto the fact that this could happen much sooner than […]
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
Remember the infamous leaked Vikram S. Pandit memo we wrote to you about awhile back that suddenly saw Citigroup Inc. (NYSE: C) turn a profit on nothing more than vapors?
Stay tuned: We're about to see more of these puffed-up profits. JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC) and PNC Financial Services Inc. (NYSE: PNC) will reportedly be booking as much as $56 billion in windfall profits using similar financial chicanery in the months ahead.
Sadly, millions of investors will likely interpret this as a sign that the U.S. financial sector is once again a viable "profit" play – when the reality is that Wall Street hasn't learned a single darned thing from the financial crisis and is up to its old tricks once again.
