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From Eisenhower To Obama… The Firms Poised To Cash In On The New U.S. Infrastructure Revolution
Pack your bags, folks – “There’s no more Wall Street.”
That’s the damning verdict from Alan Greenberg, former CEO of Bear Stearns.
Speaking on Bloomberg’s “Money and Politics” show on Monday, Greenberg declared that the existing Wall Street investment banking model is dead.
I’m not sure about death, but the broader U.S. economy is like a 2:00 AM drunk, continuing to stumble towards the end of a mind-altering 2008, with little long-term relief in sight. Will it ever find its way home again?
One of President-elect Barack Obama’s most ambitious and large-scale plans quite literally seeks to dig America out of this mess – and…
10Dec2008 | Smart Profits Report | 0 comments | ContinuedInfrastructure Investment Opportunities: Two of Our Favorite ETFs Right Now
An old Pennsylvania Dutch farmer friend once told me "Put another way, every new beginning comes from an old beginning’s end…"
What we’re witnessing today in the markets is the end of an old beginning (the housing boom and the subsequent credit crisis). And while the media, Congress and scores of others spend time pontificating, pointing fingers, and engineering "fixes," the smart investors are making investments. Warren Buffett is certainly the most visible investor who’s out there shopping for bargains… and even though we aren’t quite as famous, we’re shopping, as well.
If you believe as I do, that the credit lockup…
9Oct2008 | Investment U | Comments Off | ContinuedMerrill Lynch: Emerging Market Infrastructure Spending Will Surge 80% in the Next Three Years
Merrill Lynch & Co. Inc. (MER) has raised its annual infrastructure-spending estimate for emerging markets by 80%, as developing countries try to keep pace with fast-growing economies and large cash reserves, BusinessWeek reported.
Investment in infrastructure, which the firm sees as the long-term solution to inflation, will rise from $1.25 trillion to $2.25 trillion annually over the next three years. And China, the Middle East, and Russia will account for 70% of infrastructure spending.
The report from Merrill Lynch pointed out that Xstrata PLC (OTC: XSRAY) recently predicted emerging markets would spend $22 trillion on infrastructure in the next 10 years.…
9Jul2008 | Money Morning | Comments Off | Continued
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