One of the critical planks of a nation built on borrowed money is confidence. Up until recently, that hasn’t been an issue. Faith in America’s future has remained steadfast. Now, though, people are starting to doubt the wisdom, capabilities and ethos of those in charge. They are increasingly nervous about reactive and open-ended moves to fix the system that aren’t working. The...
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I’ve been thinking about homeowner rescue plans and it occurs to me that the banks are ignoring a fairly obvious solution, consider this: Outside of loss of income/sudden financial hardship situations, many of the people facing foreclosure are in those situations because they purchased a home they couldn’t afford with an exotic mortgage, correct? In other words any relief that comes...
Detroit’s Big Three automakers may need to send a special “thank you” card to the Chinese people if they end up receiving their requested $25 billion bailout bridge loan from American taxpayers. That’s because much of the money may come from the People’s Republic of China, which managed to quietly slip past Japan [...]
The news of the day was hardly positive, what with poor housing figures, more worries about the automakers, and concern in credit markets, but the late-day implosion probably sparked more than a few corner-office types storming onto the trading floor and shouting to nobody in particular, “What the hell just happened?” The collapse of major financial stocks — Citigroup finishe...
Filed under: Google (GOOG), Marketing and advertising, Procter and Gamble (PG)Maybe it is one of the reasons that Google (NASDAQ: GOOG) and Procter & Gamble (NYSE: PG) are among the best managed companies in America. They will go to almost any legitimate lengths to improve their knowledge of businesses that will help them expand and prosper. P&G would like to know more about how to sell...
Deutsche Bank plans to eliminate about 900 jobs at its global markets division, in the German bank’s single biggest retrenchment in its investment banking business since the onset of the financial crisis, people with knowledge of the plan told Reuters and Bloomberg News. The job cuts will take place primarily in New York and London, where [...]
Filed under: Analyst reports, Google (GOOG), Apple Inc (AAPL), Cisco Systems (CSCO), Hewlett-Packard (HPQ), Research in Motion (RIMM), TechnologySean Udall is a Minyanville contributor.Interesting article on Hewlett-Packard (NYSE: HPQ) beating Apple (NASDAQ: AAPL) to the "touch" with regard to providing a touch screen interface on a computer. It's certainly a worthwhile read. However, I've long...
The market is treating Citigroup (C) as if it knows something about the bank's near-term fortunes and that something is not good. Shares in the bank have been off 21% to $6.60. What is remarkable is that the stock traded over $10 just four days ago. Citi's announcement that it would acquire the remaining assets of the SIVs it manages at current fair value should not have caused the drop. If the...
Click for a larger imageFrom Bloomberg:The consumer price index plunged 1 percent last month, the most since records began in 1947, the Labor Department said in Washington. Commerce Department figures showed housing starts tumbled to an annual rate of 791,000, indicating the industry’s contraction may extend into a fourth year.Today’s CPI report signals deflation, or a prolonged price slide, ma...
Filed under: Newsletters, Stocks to Buy, Green Stocks, Obama Picks"The new administration will likely soon launch a new spending program to put people back to work and boost the economy," says Jim Powell, adding, "That's even more likely now that the financial crisis is in full swing and growth is declining." In his Global Changes & Opportunities Report he looks at General Cable (NYSE: BGC)...