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Why These Two Investment Fears Aren’t Genuine Threats
As I write, I’m here at The Oxford Club chapter meeting at the Intercontinental Hotel in Managua.
When we’re not eating tortillas and sipping margaritas, my colleagues and I – along with about 60 Oxford Club members – are surveying the global economy, making assessments about what lies ahead for world stock and bond markets.
However, two of the greatest fears voiced here are not genuine threats to your financial well-being, in my view. You’re probably hearing these opinions, too. So let me give you my take on them.
The first fear, especially among folks with a particular political viewpoint, is that the incoming Obama…
26Jan2009 | Investment U | 0 comments | ContinuedRenewable Energy Reality: Coal
The Obama administration has made a big deal about renewable energy. Over the next several years, the new President has plans to spend roughly $150 billion promoting and enabling its growth. And with $700 billion flowing from the United States into OPEC’s pockets every year, I don’t think you’ll get much of an argument from anyone about the timeliness or the need for renewables.
But even with massive amounts of capital investment – and widespread adoption by utilities and end users – renewable energy will still only account for roughly 10% of world energy output by 2030, an increase of only…
15Jan2009 | Investment U | 0 comments | ContinuedNovember Unemployment Statistics to Highlight Economic Reports This Week
This week’s economic reports will be highlighted by Friday’s unemployment report, which analysts expect will illustrate the 11th straight month of declining job ranks in the U.S. economy.
Non-farm payroll employment fell by 240,000 in October, and the unemployment rate jumped to 6.5%, up from 6.1% the month before, the Bureau of Labor Statistics reported in early November.
October’s drop in payroll employment followed declines of 127,000 in August and 284,000 in September, according to revised BLS reports. Employment has fallen by 1.2 million in the first 10 months of 2008, with more than half of that decrease occurring in August, September…
2Dec2008 | Money Morning | 0 comments | ContinuedHow 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 | Continued
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