Sunday, January 23, 2011

DailyMarkets.com - China: Boom Or Bust?

DailyMarkets.com - China: Boom Or Bust?

China: Boom Or Bust?

Posted: 23 Jan 2011 03:30 AM PST

As China's economy has continued to put up stellar economic growth in the midst of one of the worst global economic crises on record, it's widely believed that China will lead the world out of its downturn and soon rise to global economic dominance.

So it's no surprise that there was a lot of attention given to Chinese President Hu Jintao's visit to Washington this week.

But those who have been swept up by this tide of popular sentiment might be surprised to hear that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Weekly Outlook: January 24-28

Posted: 23 Jan 2011 02:57 AM PST

Forex Pros – Last week saw the U.S. dollar close lower against the yen, as risk appetite driven by optimism about the global economy dampened demand for the greenback on Friday.

USD/JPY hit 83.12 on Thursday, the pair's highest since January 13; the pair subsequently consolidated at 82.54 by close of trade on Friday, shedding 0.26% over the week.

The pair is likely to find support at 81.84, Wednesday's low and an 11-day low and resistance at 83.08, Friday's high.

On Thursday, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rising National Debt = The Great Recession 2.0

Posted: 23 Jan 2011 02:33 AM PST

The following is an excerpt of an exclusive article I wrote for Seeking Alpha.  Please click here to read the full content [[free]].

National Debt = Great Recession 2.0

Treasury Secretary Timothy Geithner has warned that the U.S. government may hit the $14.3 trillion debt ceiling by March 31 and said that "Failure to raise the limit would precipitate a default by the United States," in his Jan. 6 letter to congressional leaders.

The debt by itself, although at an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FICO Score: Does It Go Up When An Old Collection Is Paid?

Posted: 23 Jan 2011 02:01 AM PST

"My friend tells me that he paid off a old collection and his FICO credit score did not go up. I have an old collection, and I want to buy a house.  What do I do?" asked Joshua.

"We still might be able to get you a mortgage" I replied.  "First, let us try to understand what FICO is trying to do.  They are trying to predict who is likely to be 90-days late within the next 24 months.

"FICO sells their predictions to lenders through the credit bureaus.  The lower the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Weekly Outlook: January 24-28

Posted: 23 Jan 2011 01:38 AM PST

Forex Pros – The week ending January 21 saw the U.S. dollar fall against its major counterparts on Friday as the euro rose to a two-month high, after a report showed German business sentiment at a record peak.

The German Ifo Institute said its business-climate index rose to its highest level in 20 years in January, climbing to 110.3 from a revised 109.8 in December.

The single currency was also lifted by growing optimism that European policy makers will move to boost the lending capacity of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

VIX Puts Stocks On Correction Alert

Posted: 23 Jan 2011 01:00 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
I alerted readers to the possibility of a pullback/correction on stock markets in two posts on Thursday and Friday: "I'm hedging my stocks by going long volatility" and "Stock markets: two canaries calling for caution". My sentiments were echoed by Richard Rhodes (via the StockCharts.com blog), the editor of the daily trading reports, The Rhodes Report.
Rhodes said: "The recent rally in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wealthtrack: Trahan – Dollar Is Key To Performance Of Stocks

Posted: 23 Jan 2011 12:35 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
This week on Wealthtrack, Consuelo Mack talks to one of Wall Street's top investment strategists, Francois Trahan, about why he believes the dollar is key to understanding stock market performance this year. Learn how to take advantage of the dollar, in weakness and in strength, with Wolfe Trahan's Chief Investment Strategist.

Note: The transcript of this interview is not available yet, but will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver In Backwardation, Set To Move Up

Posted: 23 Jan 2011 12:30 AM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Although the silver price has declined by 11% over the past three weeks, tightness in the physical market continues as the metal is again in backwardation, i.e. the spot price is higher than the futures price.
James Turk of GoldMoney provided the following comments to King World News: "Silver is in backwardation which is an extremely important development.  Backwardation happens regularly in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Vs. Inflation: A Love-30 Match So Far

Posted: 22 Jan 2011 11:18 PM PST

China released a slew of important economic data on the evening of Wednesday, Jan. 19, and markets were paying particular attention to China's inflation. In order to put out the wild fire of inflation, China’s central bank raised interest rates twice, and increased the reserve ratio for lenders four times in the span of just last two months.

Those tightening measures have prompted great concerns about the major growth engine of the world. Partly on speculation (based on leaked information) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jim Rogers On China, $200 Oil

Posted: 22 Jan 2011 11:15 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
The Chinese state visit has prompted much speculation in the press about how long the Chinese economic miracle can last and whether it is about to come to a juddering halt. Jim Rogers, the legendary investor who co-founded the Quantum Fund with George Soros, has moved his family to Singapore and is making sure his two young daughters can speak Mandarin. He spoke to BBC Business Daily about Chinese … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How The Recession Changed The U.S.

Posted: 22 Jan 2011 10:30 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
"Officially, the Great Recession lasted from December 2007 to June 2009. A mere 18 months—about average, as recessions go. Yet if the trauma this time feels deep and lasting, that may be because, as the figures on these pages show, so many disruptions have upended national life at once," writes Timothy Lavin in Atlantic Magazine.
"Millions of Americans have lost their jobs, nearly every state … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Problems Facing Emerging Nations, According To Felix Zulauf

Posted: 22 Jan 2011 10:15 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
Felix Zulauf, President of Zug-based Zulauf Asset Managemet, talks to Barron's Michael Santoli at the Roundtable conference on the economic problems confronting emerging market countries and how they will try to deal with them.

Problems facing emerging nations, according to Felix Zulauf was first posted on January 23, 2011 at 8:15 am.
©2011 “Investment Postcards from Cape Town”. Use of this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Week Ahead

Posted: 22 Jan 2011 10:05 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.
U.S.: FOMC, economic data, earnings
U.S. investors will focus on the Federal Reserve's policy setting meeting, a rush of economic data and another flood of corporate earnings. Amazon, Microsoft, American Express, DuPont, Ford and Chevron are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Would Gas Prices Scupper Recovery?

Posted: 22 Jan 2011 10:00 PM PST

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

Laugh out Loud: Would gas prices scupper recovery? was first posted on January 23, 2011 at 8:00 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at wordpress@investmentpostcards.com

Feed enhanced by the Add To Feed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The 2011 Economic Freedom Index

Posted: 22 Jan 2011 06:57 PM PST

The good news in the 2011 Index of Economic Freedom, compiled by the Heritage Foundation and the Wall Street Journal, is improvement in economic freedom in the 183 countries surveyed. The bad news is that the United States slipped from 7th to 9th place. The average score improved from an index number (100 is best) of 59.4 to 59.7. The U.S. score declined slightly from 78.0 to 77.8. 117 countries were judged to be freer while 58 lost ground. Much of the improvement came in developing and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

This Week In Wall Street History

Posted: 22 Jan 2011 06:00 PM PST

01/23/11 In the very first instalment of This Week in Wall Street History, Richard Anderson discusses the legacy of Victoria Woodhull, the first woman to start a stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Badly Summed Up

Posted: 22 Jan 2011 05:52 PM PST

Three reports sum up just where things stand nowadays: people are “desperately afraid,” “can’t afford to live,” and are dipping “deeper into their savings than at any point in the past six decades.”
“Recession ‘Not Over’ on Main Street Amid Job Losses, Fear” (International Business Times)
Job losses and fear about what lies ahead persists on Main Street America, despite official pronouncements that the ‘Great Recession’ ended over a year ago, the head of a U.S. mayors group said this week. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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