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How Investors Can Find Obamanomics Profit Plays
With his landslide election victory Tuesday – coupled with Democratic gains in the House of Representatives and in the Senate – U.S. President-elect Barack Obama will have the ability to pursue more or less any policy he wants.
For investors who have been trying to analyze the economic outlook for the New Year, the election of U.S. Sen. Obama (D-Ill.) provides a major piece of the forward-looking jigsaw puzzle that these analysts hope to assemble. That’s because the likely trends of the United States and other economies around the world – and the relative success of different sectors within those…
17Nov2008 | Money Morning | Comments Off | ContinuedGovernment Won’t Extend $700 Billion Bailout Plan to U.S. “Big Three”
The U.S. Treasury Department has rejected General Motors Corp.’s (GM) request of $10 billion in assistance for its potential merger with Chrysler LLC after the Bush Administration decided it didn’t want to broaden its $700 billion financial rescue program to include industrial companies – or to play a role in a GM-Chrysler merger that could cost the U.S. economy tens of thousands of jobs, The New York Times reported yesterday (Monday).
Instead of direct financing assistance, it looks like the Bush Administration will speed up a $25 billion loan program that was approved by Congress in September and that’s aimed at helping automakers…
4Nov2008 | Money Morning | Comments Off | ContinuedCrude Oil Prices: Are “Oily Characters” Behind the Move?
My last column on crude oil prices certainly generated a number of “interesting” responses.
If you recall, I mentioned that crude oil’s pullback from a high of more than $147 a barrel in early July was long overdue. With demand decreasing and supply increasing, oil is doing exactly what you’d expect it to do – drop.
But some readers were angry, calling my analysis off base. And admittedly, it is from time to time. (Caveat emptor.) But not in this case with crude oil prices – and certainly not for the reasons they cited.
For example, one reader was incensed that I claimed oil…
22Aug2008 | Investment U | Comments Off | Continued
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