Andrew Snyder says this credit crisis could eventually go down as one of the most profitable periods in US history. The country’s biggest and oldest companies are selling at an unprecedented discount. Andrew selects four blue chip stocks set to make huge recovery profits over the next two years.
Visa and MasterCard Settle Up; Daimler’s Plant Closures; Apple’s Christmas Bargain; Johnson Controls’ Weak Outlook; Gas Prices Down 23% From July; U.S. Budget Deficit the Highest Ever; Pepsi Fizzles
Central banks around the world yesterday (Wednesday) announced a coordinated reduction of their respective interest rates in a bid to restore investor confidence and put an end to the worst market rout since the Depression era. However, analysts and investors alike are skeptical that even the largest coordinated effort by central banks since Sept. 11 will be enough to save the economy from a severe recession.
Small online businesses are in for a serious wake-up call in 2011, says Mark Nestmann in The Sovereign Society. This is because it will then become mandatory for all electronic payment systems to report sales data to the IRS. The agency will then be able to check these records against filed tax returns from business owners.