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Global Investing Roundups
IMF Issues Bleak Forecest; McDonald’s Magic Earnings; Boeing’s Tailspin; ConocoPhillips Enjoys Oil Cushion; Wachovia’s Claim to Infamy; AT&T’s Expensive iPhone Habit; S&P 500’s Historic Slump; Financial Crisis Summit
- The International Monetary Fund (IMF) said yesterday (Wednesday) that U.S. economic growth would be flat or negative for the rest of 2008, and into 2009. In Canada, growth for 2008 will be about 0.3% but is projected to rise to 1.7% for 2009. Latin America and the Caribbean regions will grow at a 3% rate the IMF said.
- McDonald’s Corp. (MCD) said yesterday (Wednesday) that third-quarter profit jumped 11% with same-store sales, or sales at…
Land of the Free
We’re in Charles de Gaulle airport, escorting Edward, 14, off to summer camp. A loud siren has gone off. We looked up. No one reacted to it. And then the siren came from another part of the airport. Still, no reaction. Occasionally, people look up from their papers…soldiers with automatic rifles continue their patrols.
Then, we heard a chant. This was not an airport alarm, this was a group of protestors…trying to disrupt the airport. Why? We never figured it out…
It is Independence Day…and Americans have never been more dependent on the kindness of strangers. The foreigners have some $4.8 trillion…
7Jul2008 | Daily Reckoning | Comments Off | Continued
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