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Will Asia Unseat Detroit as Global Center of the Auto Industry
Asia is poised to become the “new” Detroit.
Here in the United States, at a cost of a mere $3 billion, the “Cash-for-Clunkers” program appears to have given new hope to the U.S. auto industry.
But that new hope is destined to be short-lived.
It’s true that – in terms of value delivered for the money invested – “Cash for Clunkers” has eclipsed every other stimulus program that has been tried. But the program has a projected lifespan of only three months, meaning it can’t reverse the powerful global forces that are destined to turn the U.S. auto market from leader to laggard…
19Aug2009 | Money Morning | 0 comments | ContinuedMassive China Stimulus is Viewed as an Attempt to Help the West
The half-trillion-dollar stimulus package that China unveiled on Sunday underscores that country’s growing importance to the global economy and shows Beijing’s willingness to assume a leadership role in the battle to blunt a widening worldwide financial crisis, a top expert on China said yesterday (Monday).
“China understands that it’s gaining importance in the world economy and that it’s going to participate in that process,” said Keith Fitz-Gerald, Money Morning’s investment director and a former professional trade advisor who’s spent more than two decades focusing on investment opportunities in China, Japan and the rest of the Asia region.
“Many experts will see this…
11Nov2008 | Money Morning | Comments Off | ContinuedMoney Morning Outlook 2009: Obamanomics Offers Investors Plenty of Profit Plays in the New Year
With his landslide election victory Tuesday – coupled with Democratic gains in the House of Representatives and in the Senate – U.S. President-elect Barack H. Obama II 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…
6Nov2008 | Money Morning | Comments Off | ContinuedWorrisome Stagflation Becomes More Real All the Time
U.S. Federal Reserve Chairman Ben S. Bernanke didn’t use the “S” word – stagflation – but he might as well have.
On Friday, the U.S. central bank chief said that the financial crisis that has hammered the U.S. market is combining with rising inflation to eviscerate American economy. Together, the two forces are making it extremely difficult for the Fed to restore economic stability in the U.S. market.
Bernanke apparently welcomed the recent drop-off in the prices of oil and other key commodities – and says that inflationary pressures will moderate over the next year and a half, but also cautioned that the…
25Aug2008 | Money Morning | Comments Off | ContinuedExclusive Interview: Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years
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VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae (FNM) and Freddie Mac (FRE) – that even larger financial shocks are still to come, global investing guru Jim Rogers said in an exclusive interview with Money Morning.
Indeed, the U.S. financial debacle is now so ingrained – and a so-called “Super Crash†so likely – that most Americans alive today won’t be around by the time the last of this credit-market mess is finally cleared away – if it…
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