06th December 2010
They came. They talked and they talked some more. They decided to call for more "sustainable" current-account deficits. They came as close as we've seen so far to promising to stay away from the devaluation of each others' currencies.
Of course, I'm ta...
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24th November 2010
I have a big problem with the whole General Motors Corporation (NYSE/GM) government-assisted bankruptcy and yesterday's new public offering.
GM originally listed on the NYSE back in 1916. Through its roughly 100-year history, the storied automaker had ...
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23rd November 2010
Tuesday, we were told that Bank America was being forced to repurchase mortgages bundled into a $47.0-billion bond issue of its Countrywide Financial Corp. division. All financial stocks got whacked on the news, and the Dow Jones Industrials fell 165.07 p...
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22nd November 2010
Early this morning, giant Target Corporation (NYSE/TGT) came out with its third-quarter profit, up 23% to 535 million dollars. More meaningful, the retailer said that it expects its current forth-quarter same-store sales to be the best in three years.
...
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18th November 2010
It's comedy hour again in Europe.
This morning, we wake to news that, according to Eurostat, the European Community's statistics office, Greece's debt has been revised to 127% of GDP. Ireland is being pushed to accept a bailout from the European Econom...
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03rd November 2010
Two very important parts of the economy, both dealing with consumers, are "heating up" and I want my readers to know about them.
Once the government's "cash for clunker" program to spur U.S. analysts were concerned that car sales would plummet as car s...
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03rd November 2010
Profit Confidential, the popular stock market e-letter predicts gold bullion could rise over $100 a day when the third phase of the gold bull market sets in.
According to Profit Confidential, "the popular media is slowly starting to pick up the gold bu...
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