Renowned investor George Soros said Friday the world financial system has effectively disintegrated, and there’s no near-term bottom to this financial crisis in sight.
U.S. President Barack Obama has decided against naming a “car czar,” and is instead asking U.S. Treasury Secretary Timothy F. Geithner and White House economic adviser Lawrence H. “Larry” Summers to head a task force on revamping the U.S. auto industry, Bloomberg News reported yesterday (Monday).
To ease the ongoing credit crisis and get banks lending again, the Obama administration realizes that it first has to resuscitate the “shadow financial system” that’s dominated by hedge funds and other large-scale private investors.
Live Nation Buys Ticketmaster; China Inflation Trudging Slowly; MillerCoors Profit Falls 40%; UBS Cuts Jobs, Announces Profitability; Traders Bid up Gold Options; Oil Falls Below $39;WalMart Cuts Jobs at Home Office; Cisco Raises $4 Billion
Is it possible to save and even grow your money in the midst of the worst financial crisis since the Great Depression? William Patalon from Money Morning believes so.
And in his first installment of a new series, he shows you exactly how you can do that with low-minimum mutual funds.
As the worst financial crisis since the Great Depression continues to worsen, decades of deregulation and the growing independence at the state level are being reversed as a deteriorating national economy forces the federal government to increasingly take on responsibilities that no other institution has the power or resources to handle.
Manufacturing Spending Continue Slide; Macy’s Cuts 7,000 Jobs; Banks Still Not Lending; Renew Energy Files for Bankruptcy; Morgan Stanley Slashes Workforce; Oil Prices Slide 4%; Steelcase Shows Weakness
Is Washington replacing New York – and more specifically, Wall Street – as the city that drives America?
FOMC Brainstorms; Dimon and Lewis Bet Big on Financials; Former BofA CEO Thain Reinvents Self; Yahoo! Posts Fourth-Quarter Loss; Consumer Confidence Hits Record Low; S&P/Case-Schiller Housing Index Plunges 18%
Investing icon Jim Rogers and Australia’s Macquarie Funds Group have teamed up to create an agricultural-commodities index that will help investors profit from shifting patterns of food consumption in the burgeoning market of Mainland China.
The Macquarie and Rogers China Agriculture Index is an investable index that will track price changes of the market “basket” of the agricultural commodities most commonly consumed in China. Macquarie Funds is the asset management arm of Australia’s Macquarie Group.
Macquarie actually created the product in November, and continued to operate it in December, when the China agricultural index posted a return of better than 11% – outperforming most agricultural indices and handily besting most stock markets in that part of the world, Asian Investor reported. That provided Macquarie Funds…
