"We must thank Alistair Darling for giving us, with his wise words on Saturday, what has to be the easiest money-making opportunity of the year: to sell the pound as soon as the markets opened on Monday. Not since Northern Rock a year earlier has such an [...]
"There have been a mass of deals in the U.S., while on this side of the Atlantic, a number of attractive little biotech stocks have been approached or agreed to bids in the last couple of months." — John Stepek
Blogger’s note: You probably heard about the $43 billion Roche (RHHBY:OTC) bid [...]
Tags: big pharma, biotech, dna, etf, fund, genentech, john Stepek, Moneyweek, pharmaceutical, rhhby, roche
"All those poor old first-time buyers are being forced to rent because those mean banks won’t let them borrow enough money to buy a home. And people who do manage to sell their homes, aren’t looking to buy again until the market stops crashing. So that means that demand for rental property is rising, which [...]
"In typical fashion, gold and silver have not been playing to the script. A war breaks out between Russia and Georgia. You’d expect gold to rise. But the opposite happens: we get one of the most violent sell-offs in recent memory." — Dominic Frisby
Blogger’s note: Gold prices have fallen through the floor this week. And [...]
“First they had the housing boom. Then they had the foreclosure boom. And that, it seems, has lead to a boom in arson.” — John Stepek
Blogger’s note: John Stepek of UK’s MoneyWeek had some great insight on the housing bubble. He told readers of his free email Money Morning UK [...]
“To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday. The immediate reaction was for the dollar to rally.” — Dominic Frisby
Blogger’s note: Dominic Frisby, an editor at our British [...]
“Yes, oil is overbought. Yes, oil is going to correct at some stage. But let’s get this clear - it’s not a bubble.” — Dominic Frisby
Blogger’s note: Dominic Frisby had some great commentary on our current record oil prices in a recent Money Morning (UK) message to his subscribers. Dominic is from our London affiliate [...]
“You get an idea of the fortunes that were to be made when that mine came into production, not just for everyone involved in the company, but also for the locals and indeed for the country. Unfortunately, that country was Ecuador.” — Dominic Frisby
by Dominic Frisby, MoneyWeek
Baltimore – [...]
Tags: aru, aurelian resources, commodities trading, commodity, Dominic Frisby, equador, fruta del norte, Gold, mining concession, Moneyweek, toronto
"U.S. election years have, historically, seen healthy gains in the U.S. equity market. To some extent this can be put down to the market’s view that either the incumbent president or, where the president has served two terms, the ruling Party has an incentive to “buy” votes by loosening fiscal [...]
Tags: cyclically adjusted federal deficits, djia, dow jones industrial average, election 2008, ellection effect on stock market, gdp, jeremy batstone-carr, Moneyweek, s&p 500, stock market and election 2008, stock market effect on ellection, US economy, us gdp, us gross domestic product, us market
"The UK housing market is going downhill fast. And as we’ve been predicting, we’ve just seen the first commercial property fund ban retail investors from withdrawing their money." — John Stepek
by John Stepek, MoneyWeek
Baltimore — (TFN): It’s easy to get bamboozled by the scale of the numbers and the ridiculous acronyms that fly [...]
"The danger is that a sliding market depresses investment profits, damaging companies’ earnings and hurting their stock prices, pushing the market down quickly." — MoneyWeek
Blogger's Note: Our friends from MoneyWeek published a good article on what's ahead for the Shanghai stock exchange. We thought you might find it useful, too. Find it right here: Air [...]
Today’sFinancialNews.com
Baltimore — (TFN): Last week, mining magnate BHP Billiton cheerfully submitted a takeover offer for Rio Tinto worth $174 billion. Rio Tinto rejected the offer.
It doesn’t matter that BHP’s offer constituted a 25% premium to Rio Tinto’s price at the time. And apparently it doesn’t matter that BHP offered an additional [...]
Tags: acquisitions, BHP Billiton, Commodities, finance, Financial, john Stepek, M&A, Merger, Moneyweek, news, resources, Rio Tinto
“Merger talks between BHP Billiton and Rio Tinto could signal the end of the commodities boom, say some analysts. If you believe that I’ve got the deed to the Brooklyn Bridge up on eBay. Care to put in a bid?” — Sara Nunnally
by Sara Nunnally, Today’sFinancialNews.com
Wednesday, November 14, 2007
Baltimore — (TFN): BHP Billiton cheerfully submitted [...]
Tags: acquisitions, BHP Billiton, Commodities, finance, Financial, john Stepek, M&A, Merger, Moneyweek, news, resources, Rio Tinto
“If BHP did indeed buy out Rio Tinto, the resulting company would control 36% of the seaborne iron ore market and it would hold a third of the global coal market (mostly the third that’s not powering China at the moment). And if nothing else, a company with a controlling stake in two of its [...]
Tags: acquisitions, BHP Billiton, Commodities, finance, Financial, john Stepek, M&A, Merger, Moneyweek, news, resources, Rio Tinto