Friday, November 21st, 2008

Posts Tagged ‘ Stimulus Package ’

Base Metals To Soar On Global Stimulus Program

Nov 12th, 2008 | By Justice Litle | Category: Featured

China’s stimulus package proves that the global infrastructure boom is not dead, says Justice Litle. And that’s big news for base metals like copper. These are essential for construction, and will soar as the world attempts to rebuild its economy. That makes strong base metal producers a bargain now.



Crude Closes Below $60, Mexico Hedging Like Crazy

Nov 12th, 2008 | By Doug Casey | Category: Financial News

In the energy market Monday, oil sank below the $60 benchmark, with crude for December delivery closing at $59.33/barrel, down $3.08. December reformulated gasoline lost 6.2 cents, to $1.3059/gallon.  Early in the day, crude had fallen to $58.32, its lowest level since February, 2007, and yesterday there weren’t enough buyers to push it back over $60.



Possible Third Stimulus on the Way as Unemployment Poses Next Hurdle for the Economy

Nov 12th, 2008 | By Jason Simpkins | Category: Financial News

With gross domestic product plummeting and the jobless rate at a 14-year high, U.S. policymakers will have to author at least one more stimulus package in the months to come if they are to elbow aside the impact of high unemployment and depressed consumers.



China’s Stimulus Package the Talk of the Trade

Nov 11th, 2008 | By Doug Casey | Category: Financial News, US Dollar & Forex Trading

In the currency market, the dollar edged lower against the euro. Late Monday, the euro was trading at $1.275 vs. $1.2712 on Friday. China’s state-run news agency, Xinhua, said that the government’s stimulus program will “will loosen credit conditions, cut taxes and embark on a massive infrastructure spending program in a wide-ranging effort to offset adverse global economic conditions by boosting domestic demand.”



Gold Yields Much of Early Gain, but Finishes Higher

Nov 11th, 2008 | By Doug Casey | Category: Financial News, Gold Market

Gold had itself a real seesaw day yesterday, poking about $15 higher by the time New York opened, really taking off and rising as high as $768 in the first hour, but then encountering a steep falloff that dropped it nearly to $740 by noon, after which it edged higher again and leveled off to finish at $744.70, up $10.80 from Friday. Overnight, gold has slipped lower.



Even Obama Can’t Fix The Economy

Nov 7th, 2008 | By Theo Casey | Category: Politics & Economics

President elect Barack Obama is expected to move quickly to try and revive the US economy. Theo Casey says a new fiscal stimulus will be targeted at job creation and infrastructure building instead of free handouts. However, it still won’t stop the recession. And it will add even more zeros to Treasury debt.



Day Two For Risk Aversion…

Jun 3rd, 2008 | By Chuck Butler | Category: International Investing

More losses… Currencies rebound… Jumping off the bandwagon…  Slowing renminbi appreciation? And Now… Today’s Pfennig!



Credit Crisis: Citi Slashes Outlook for Wall Street Banks

May 19th, 2008 | By Contrarian Profits | Category: Featured, Financial News

Citigroup has slashed its earnings outlook for Wall Street investment banks Goldman Sachs Group, Lehman Brothers Holdings and Morgan Stanley because of a tough operating environment, according to a report by Thomson Reuters.

The second quarter has seen lower client-related trading volumes, little banking activity, losses related to ineffective hedging and reversals of gains on fair valuing liabilities, [Citigroup analyst] Prashant Bhatia wrote in a note dated May 16.