By Martin Hutchinson Contributing Editor Costumes with wide, padded shoulders, mindless soap operas about rich people and such [in retrospect] laughable musical acts as Culture Club and Boy George are 1980s routines that you likely abandoned a long time ago. But one routine from that decade – profiting from investments in Germany – is rediscovering […]
Category
Uncategorized
Solid Jobs Report, Subprime Bailout Plan Position Federal Reserve Policymakers For Rate Cut Today
If you’re an optimist when it comes to the U.S. economy, the pieces of the puzzle seem to be coming together fast. Late last week, the Bush Administration unveiled a plan for an interest-rate freeze on certain subprime mortgages that was aimed at containing the downside to the badly stumbling U.S. housing market. Then the […]
Bad Day in Banking: UBS Offsets $10 Billion in Write-Downs With Sale of $11.5 Billion in Shares to Singapore
By Mike Caggeso Associate Editor Faced with a $10 billion write-down and the possibility of its first annual loss in a decade, Swiss banking behemoth UBS AG (UBS) announced it received an $11.5 billion investment from state-run venture funds in Singapore and the Middle East. The maneuvering by UBS was just one of several key […]
Consumer Confidence at Lowest Level in Two Years
By Jennifer Yousfi Managing Editor Consumer confidence has reached its lowest level since the post-Katrina period, according to the Reuters/University of Michigan preliminary index of consumer sentiment for November. At 74.5, the index is at its lowest level since October 2005. This is bad news for Wall Street, which hopes that strong consumer spending will […]
Three Ways to Profit Alongside Warren Buffett
By Martin Hutchinson Contributing Editor For all you global investors out there, riddle me this: What has investment guru and Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett recently bought 20 of that we should be looking to invest in ourselves? Corporate jets? No. While a famously frugal man, he's owned several hundred of them, […]
Qatar Angles to Undermine Rival Middle East Cash Baron Dubai
By Keith Fitz-Gerald Investment Director, Money Morning In the race to buy global assets, Dubai seems unstoppable. After all, in the past few months they've spent billions on all sorts of global industries. In May, DIFC Investments, a subsidiary of Dubai International Financial Centre, invested $2 billion in Deutsche Bank AG (FRA:DBK), Germany's largest public […]
Citigroup: Why This Turnaround Play Has Legs - Big Ones
By William Patalon III Executive Editor Money Morning/The Money Map Report Citi was America’s biggest bank. And it looked like it was going to fail. The outlook was so very clear, most investors believed. You see, under its former chairman, the money-center bank had developed a reputation for excellence – and for risk-taking. But that […]
Sovereign Wealth Funds Biting into the World's Biggest Companies...Transparency and Motives in Question
By Mike Caggeso Associate Editor Oil is called "black gold" for a reason. Any country with enough of it not only has an endless line of customers, but pockets overflowing with cash. In that sense, oil is just as much a currency as dollars, euros or gold itself – hence the term "petrodollar." And right […]
Why Some of the World's Savviest Investors Are Buying - Gasp! - Citigroup
By Keith Fitz-Gerald Investment Director, Money Morning At a time when many investors are running for the exits, a few of the world's savviest investors are lining up to buy Citigroup (C). Admittedly, many investors are just scratching their heads. But that's because they can't be bothered to look at the real picture – an […]
OPEC's Dollar Gaffe Means You Should Go For Gold
An accidental reception of what was supposed to have been a "closed-circuit" broadcast of a recent meeting of the OPEC (Organization of Petroleum Exporting Countries ) caught members discussing the merits of dropping the U.S. dollar as the benchmark currency for oil deals. A recent report from James Turk at our U.K. affiliate MoneyWeek Magazine […]