The FOMC minutes were just released from its recent 10/28 - 10/29 meeting. Here are the highlights: The information reviewed at the October meeting indicated that economic conditions deteriorated in recent months. The labor market weakened further in September as private payrolls fell at a faster pace than earlier in the year and the unemployment rate remained above six percent. Industrial prod...
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The FOMC Minutes from the late October 2008 meeting are out, and as you can imagine it is far more somber than any minutes in recent years. The worse thing is that the projections look pretty bad, and we do not even think they are being objective enough. If you don't think this is a recession or a depression just read through the full minutes. You will see a recession and you might get depress...
The FOMC minutes were just released from its recent 10/28 - 10/29 meeting. Here are the highlights:The information reviewed at the October meeting indicated that economic conditions deteriorated in recent months. The labor market weakened further in September as private payrolls fell at a faster pace than earlier in the year and the unemployment rate remained above 6 percent. Industrial product...
Largest moves always at the beginning and the end David Skarica, author of the Addicted to Profits newsletter, gives The Gold Report an exclusive preview of coming market attractions including double-digit inflation, a super pop in gold stocks, and the demise of an empire. A financial advisor who earned his reputation as a contrarian before he turned 30 by predicting the dot.com bust, Skarica w...
Global auto woes continue. U.S. auto executives pleaded for a $25B aid package at congressional hearings yesterday. "This is about much more than Detroit," testified General Motors (GM) CEO Rick Wagoner. "It's about saving the U.S. economy from a catastrophic collapse." Lawmakers were less than enthused by the pleas, with some saying the automakers had 'failed models' and s...
The latest data from comSCORE is showing some very troubling trends. In the past, online retails sales have grown while on-site retail sales have seen their ups and downs. It was the growth of the internet which outweighed any developments in the economy. The good news is that growth was seen in October online sales at a time when overall sales shrank. The bad news is that the growth slowed to...
The Chinese Bailout: 5 Ways to Profit From China’s $585 Billion Stimulus Plan
Tue, Nov 18, 9:36 AM ET
The $585 billion bailout package that China announced Sunday may or may not help China’s economy. But with investments in low-income housing, water and energy projects, airports, disaster relief - and $100 billion for new railroads - over the next two years, this financial package provides oodles of opportunities for investors. There is no doubt China needs infrastructure. Now the world&r...
Britain’s Consumer Price Index is expected to show the pace of price growth slowed to 0.1% in October, brining the annual inflation rate down to 4.8% having...
Rick's Cabaret International Inc. (NASDAQ: RICK) for the most part is as controversial of a stock as you can get. It owns and operates "gentleman's clubs" and is still growing organically and via acquisitions. We featured this stock last night for our subscribers of our weekly "10 Stocks Under $10" newsletter. Below is part of the synopsis sent out:In October its "same-store sales" grew 8%. Th...
Source: The Gold Report David Skarica, author of the Addicted to Profits newsletter, gives The Gold Report an exclusive preview of coming market attractions including double-digit inflation, a super pop in gold stocks, and the demise of an empire. A financial advisor who earned his reputation as a contrarian before he turned 30 by predicting the dot.com bust, Skarica was the youngest person eve...