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A Trip Down the Road to Squanderville
Although still seen as the world’s economic superpower, the United States has found itself with a myriad of problems: Skyrocketing federal debt, growing annual budget deficits, an almost nonexistent personal savings rate, and the dubious honor of being the country with the largest current account deficit, of which trade makes up the largest part.
A trade deficit occurs when you are importing more than you are exporting — in other words, you are consuming more than you are producing. So the next time you are at Wal–Mart (WMT) or Target (TGT), take a look around. Just about everything you can purchase there…
25Nov2008 | Money Morning | 1 comment | ContinuedTurning Japanese
The happiest days are the saddest; the easiest times are the hardest; vacations are when the real work is done. Most of the year, we keep our heads down…working, going to school, doing what we must do. Then, on vacation, we look around us, and the world has changed. More below…
In the meantime, we remind readers that we are on vacation this week; don’t expect any serious reckoning.
The Dow fell 180 points on Monday. On Tuesday, it dropped 130 more.
Yesterday came more evidence that credit is still getting crunched. CDO defaults are increasing; CDO values are in “free fall,” says…
21Aug2008 | Daily Reckoning | Comments Off | ContinuedInvesting in China: Wrestling this Growing Behemoth
Unless you’ve been asleep for the past 10 years, you know that the hot investment ideas all come from China these days. It makes sense. With 1/5th of the world’s population, and a stronger desire to gain “developed country†status than any other country in the world, China has presented everyone with strong growth opportunities.
Unfortunately, most investors just don’t get it. They’ve been buying up stocks just because they say “China” in their names. It’s just like 1999, when people bought stocks just because they ended with “dot-com.” And we all know how that turned out.
I’ve been laying it all…
9Jun2008 | The Penny Sleuth | Comments Off | Continued
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