Is gold ready to break out? Gold broke through the psychologically important $1,000-an-ounce level for the first time in 18 months yesterday (Tuesday) as the U.S. dollar slumped against key foreign currencies, exacerbating investor fears that loose fiscal and monetary policies will spur inflation as the U.S. economy recovers. The thinly traded September futures contract […]
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Job Losses Slow but the U.S. Economy is Following the Script for a Jobless Recovery
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The pace of U.S. job losses slowed in August, but the country will likely be saddled with a high unemployment rate throughout all of 2010, analysts say. In short, even though the economy has improved, the odds of a "jobless recovery" continue to grow. Employers shed 216,000 jobs in August, an improvement over the 276,000 […]
Finance Jobs Going Where the Growth Is - Asia
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The financial services industry in the United States and Europe is still reeling from the financial crisis, shedding tens of thousands of jobs each month – even a year after the crisis hit its apex. However, recent evidence suggests that the financial services industry in Asia – particularly China, which was largely isolated from the […]
The Five Financial Shockwaves to Expect When China's Yuan Swaps Places with the U.S. Dollar
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Most Americans will view China’s effort to dethrone the U.S. dollar as the world’s main reserve currency as one of the biggest economic threats that this country will have to face. But the reality is that this tectonic shift in global finance – and the economic shockwaves that will result – could provide investors with […]
When it Comes to China, Australia Shows Investors How to Maximize Profits
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A $15 billion deal for liquefied natural gas (LNG) involving Australia, China and global-oil heavyweight Exxon-Mobil Corp. (NYSE: XOM) has prompted many investors to worry that China may be using its global-markets muscle to "paper over" cracks in the global economy. In reality, however, this mega-deal is a harbinger of what's to come, and highlights […]
Semiconductor and Electronics Makers Anticipate a Bounce in Business Spending Next Year
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A longtime investment adage holds that "As goes Intel, so goes the rest of the semiconductor industry." And as goes the semiconductor industry, so goes the U.S. economy. These days, microchips are present in virtually every type of product – from coffee makers to cars: If it plugs into the wall or takes batteries, chances […]
Landslide Election Victory in Japan Will Lead to an Avalanche of Future Profits For Global Investors
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When it comes to Japan, political change should translate into long-term profits for global investors. After 54 years of near-single-party rule – not to mention two decades of economic malaise – it's not surprising that voters eager for change delivered a landslide election victory to the opposition in that key Asian nation. Last weekend's Japanese […]
Is Venezuela's Stagflation the Beginning of the End for Chavez?
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It wasn't long ago that Venezuelan President Hugo Chavez's decision to end the functional independence of the state oil company, Petroleos de Venezuela SA (PDVSA), and bring its revenue under his control resulted in a failed coup that very nearly cost him his post. Now, Chavez's aggressive economic policies are again being called into question, this time as the […]
The U.S. Housing Market's False Dawn
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Is the U.S. housing market truly at a turning point, as investors seem to increasingly believe? Or is this actually a false dawn, meaning that there are problems and pain ahead for those who turned bullish too soon? New home sales jumped almost 10% in July, while the Case-Shiller home price index rose for the […]
Key Indicators Point to a Rough September for U.S. Stocks
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When the "Great Crash" came in 1929, it came in October. So, too, did the infamous "Crash of '87." And last year, during a tortuous October that led to even lower lows in the months to come, the Standard & Poor's 500 Index lost 19% of its value in just 30 days. Investors can be […]
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