Markets
China Leads Declines
Stocks are selling off around the world. And China is in the lead. The Shanghai Composite is down 23% since August 4. Former Morgan Stanley Asia economist Andy Xie… Read more
AIG vs. Intel: Cash for Clunker Stocks Rolls On
The New York Times article is titled "AIG Rises, and Many Ask Why". After all, the company is 80% owned by the government, owes around $180 billion, is cash-flow… Read more
Investing in the Future
There is a message to Detroit from Americans who participated in the Cash for Clunkers program: don’t make any more Ford Explorers, F-150s or Jeep Cherokees. These were the… Read more
Cash for Clunker Cars Ends, Cash for Clunker Stocks Going Strong
Yesterday, I mentioned that I thought the Cash for Clunkers was a pretty decent idea, as far as stimulus plans go. Rather than simply hand the automakers cash, the… Read more
Can you Trust Congress to Protect Your Wealth?
If you didn’t see Warren Buffett’s Op/Ed piece in the New York Times yesterday, here’s the link. Buffett is calling on Congress to make the hard choices when… Read more
Lowes Cites Weather as Cause for Lower Earnings
Lowe’s (NYSE:LOW) reported weak earnings yesterday. Plus, the company’s guidance for current quarter earnings was weaker than expected. Needless to say, worrisome headlines about consumer spending sprang up, and… Read more
Stocks Open Lower for the Week
Major indices around the world continued the weakness displayed on Friday. U.S. indices are off over 2% and very near some critical support areas. We are watching:
Read moreInterest Rates and Inflation
The next 12 months look great. Economists are now raising their GDP expectations for the U.S. economy to a minimum of 2% growth for the next four quarters. That’s… Read more
Analyst Downgrades Drag Down Stocks