Dubai World, an investment arm of the United Arab Emirates, indicated on Friday that it would need as much as 6 months as an extension on its debt obligations. Though the market may have dipped on Friday, Dubai’s debt is little concern going forward. Read more…
Black Friday shoppers were out in force this year, scoping out deals that ranged from flat screened televisions to cameras and GPS equipment. Though the number of shoppers may have been in line with a healthy shopping season, it remains to be seen whether store margins will meet their marks.
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The Great Recession has had such an impact on people’s lives that since 2007 the American savings rate has now doubled, and some analysts predict that they could nearly triple again, setting the stage for a full blown capital-fueled recovery. Read more…
It should be evident to anyone with any financial markets/economics experience that the Federal Reserve needs to raise rates. They won’t, however, as 0% rates create an excellent opportunity for banks to arbitrage the difference in Fed rates and Treasuries. Read more…
Just when you had thought you had seen it all with exchange-traded funds, Barclay’s ups the standard by announcing the release of a “Genocide-Free” ETF. The new fund will avoid companies that are directly or indirectly involved in profiting from regions and businesses that are so called benefactors of genocide. Read more…
Recent unemployment numbers in the 200,000 region contrast nicely to the 4-600,000 jobs lost per month early in 2009, but it may be only a few short months until employment picks up again. Read more…
It almost seems like peak oil all over again. The word on Wall Street is that gold supplies are thin, and after a 10 percent decrease in gold mined in the past decade, it looks like the yellow metal may be more rare than we think. Read more…
Congress has extended the popular $8000 tax credit and opted to begin a new $6500 tax credit for home buyers who already own a new home. Here are all the details regarding who qualifies and who doesn’t. Read more…
So far this year the IPO market has been in a stalemate as companies fear they won’t be able to attract enough attention from investors to warrant an IPO. Most new issues on the stock exchanges have been exchange-traded funds of different varieties but two recent IPO successes point to a healthy capital market and the ability to raise money, even in a recession. Read more…
Gold bugs and precious metals investors alike were happy to see the sale of 200 tonnes of IMF gold to India. Though investors around the world may be buying gold, we still need to see a consolidation before gold moves higher once again. Read more…
The holiday season is make or break for the rest of the year. Starting with the Friday following Thanksgiving, otherwise known as Black Friday, most retailers finally come into profitability. This year could be a whole new ballgame, however, as millions of Americans sit unemployed and unable to spend as much this year as they had in years prior. Read more…
