Lost decade? Only if you aren’t looking?
By Andrew Snyder, TodaysFinancialNews.com
Baltimore — (TFN): You don’t believe all the hype do you? As we close out another year and another decade, the pundits are busy rehashing the action of the past ten years.
The political types are discussing the rise and fall of the Bush administration, a couple of wars and the nation’s first black president. The Hollywood folks are talking about the end of the sitcom, the death of an icon and the phenomenon that is American Idol.
And, of course, the financial types are talking about the decade that never happened. You know, the fact that at the start of the decade, the Dow was actually worth more than it is today.
Sure, if you happened to be…
Gold and Oil – getting ready for a surge in 2010
Lee Lowell, Stock and Commodity Options Specialist with Investment U, evaluates the commodities market – specifically the demand drivers of gold and oil, and how to play them.
The Best Energy Investments in the World
Brian Hunt, editor in chief of Stansberry’s free online investment digest, The Daily Crux, interviewed Marin [Katusa, Casey Research]to get his take on where oil prices are headed for the long-term… the regions where investors and traders should focus their dollars… and some of his favorite energy companies with massive upside.
The Great Depression Ahead How to Prosper in the Crash Following the Greatest Boom in History
The Great Depression Ahead How to Prosper in the Crash Following the Greatest Boom in History
The [...]
Oil and a double-dip recession
It is easy to forget how important sub-$40 oil prices were at the beginning of this year as the world dove into recession. If crude had been above $140 as it had been in July 2008, the combination of high oil prices and the credit crisis could have cau…
The Calm Before the Inflationary Storm
We ALL worry about inflation, but then the news dies down a bit and we push in another ‘major issue’ according to the news media. Funny how they can easily munipulate the masses with their massive hype machine…anyway when inflation was hot Tim McMahon, editor of InflationData.com, was busier then anyone on the planet! I’ve [...]
Hawaii’s Renewable Energy Revolution
Hawaii: Pristine black sand beaches… surfing… spectacular volcanic eruptions… and miles of pineapple plantations. If you are like me, this is what comes to mind when you imagine Hawaii.
What may not come to mind, though, when you think of America’s 50th state are its energy resources – and specifically, the fact that it gets 77% of its power from oil-fired power plants. That’s a unique statistic within the United States. Coal-fired plants provide 14% of power, and the remaining 9% comes from renewable sources like wind and solar energy.
Suffice it to say, tourism is Hawaii’s largest industry, with agriculture playing a major role, too. And not unlike the rest of the country, the one thing needed to keep it all…
Time to sell Exxon Mobil
When I added Exxon Mobil (XOM) to Jubak’s Picks on Dec. 23, 2008, I thought it was a reasonable way to balance risk and reward.
The stock was a good way to reach for some upside return in case the global economy — and oil prices — rebounded more qui…
Gold Rallies to 18-month High as Dollar Slides
Gold prices extended gains above $1,010 an ounce in Europe on Friday as the dollar index’s <.DXY> tumble to one-year lows fuelled interest in the precious metal as an alternative asset.
Its gains lifted prices of other precious metals, with silver and platinum both rallying to multi-month highs in its wake.
Spot gold rose to a high of $1,011.55 an ounce, its firmest since February 2008, and was bid at $1,009.50 an ounce at 1437 GMT against $995.50 late in New York on Thursday.
Citigroup analyst David Thurtell said the dollar was providing most support to gold. “The dollar seems like it could be heading for $1.50 against the euro. There are bound to be people seeking currency hedges, and gold’s a good one,”…
Oil Steady at $68
Oil prices steadied on Thursday as economic optimism from data showing that the U.S. service sector and retail sales improved was tempered by disappointing news from the labor market.
U.S. crude prices for October delivery rose 2 cents to $68.07 a barrel by 11:44 a.m. EDT (1644 GMT), after earlier reaching a high of $69.40 on U.S. stock gains and a weaker dollar.
London Brent crude was down 32 cents at $67.34 a barrel.
“Right now, there’s not a whole lot of momentum here in either direction. I think the trend for the week, which has been down, is still in force,” said Tom Bentz, senior commodity analyst, BNP Paribas commodity Futures Inc in New York.
“Everything seemed to kind of slip right after the jobs…
Is Venezuela’s Stagflation the Beginning of the End for Chavez?
It wasn’t long ago that Venezuelan President Hugo Chavez’s decision to nationalize state oil company Petroleos de Venezuela SA (PDVSA) 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 country slides into what could be a protracted period of stagflation, which is defined by the exasperating mixture of torpid economic growth and high inflation.
Before that, however, the period from 2004-2007 was marked by rapid economic growth – punctuated by a miraculous 19.42% burst in 2004. Since that time, unfortunately, Venezuelans have watched as their standard of living was slowly eroded by restrictive price controls, rapid inflation, unsustainable public spending, and widespread nationalizations that have…
3 growth stocks for September
Don’t be afraid of the big bad wolf called the month of September. While it’s true that historically stocks don’t do well during this month, the more important factor is where we are in the business cycle.
After a recession, analyst estimates tend to b…
Must Reads September 1, 2009
Goldman Sachs wrong on economic recovery, macro funds say Bloomberg
A new model for the world economy The Daily Reckoning
TrimTabs’ CEO discusses massive insider selling Zero Hedge
Inflation and oil prices: our next move Whiskey and Gunpowder
This popular trade is a comfort trap DailyWealth
Top Wall Street strategist calls China a huge bubble The Daily Crux
Henry Paulson’s longest night Vanity Fair
Michael Moore’s latest love story: capitalism Zero Hedge
Andy Xie: Shanghai index may drop 25% on economy Bloomberg