| Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. | |
| Can Dubai's energy reserves pay off its $80 billion in debt?
November 28, 2009 at 1:00 pm
|
| Filed under: Energy, Economy  The Dubai debt default seems to have inspired a bit of fear in the U.S. But is there any real reason for it? U.S. banks have minimal exposure to Dubai's debts -- most of the banks that would suffer if Dubai defaulted are located in the Middle East. Nevertheless, U.S. markets fell 1.7% Friday during a holiday-shortened trading day -- after futures suggested the market would be down 2.7%. But if Dubai's oil reserves exceed its debts, it could sell oil to repay them.
The extent of Dubai's energy reserves is in dispute. The New York Times reports that Dubai's oil reserves are minimal, noting it "is one of the few member states of the United Arab Emirates [UAE] that has little oil wealth of its own." (Dubai is one of seven emirates that together make up the UAE.) Yet other sources suggest Dubai has significant oil and gas reserves -- worth $311.4 billion at today's prices -- a figure that does not strike me as minimal in light of Dubai's $80 billion in debt Continue reading Can Dubai's energy reserves pay off its $80 billion in debt? Can Dubai's energy reserves pay off its $80 billion in debt? originally appeared on DailyFinance on Sat, 28 Nov 2009 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Investors, stay in the game: Loss aversion causes big losses over long term
November 28, 2009 at 12:15 pm
|
| Filed under: Investing  When a friend recently told me she wanted to invest more money in bonds, I was surprised. Not just because we rarely discuss specific investments. (I'm uncomfortable giving friends financial advice for obvious reasons). But mostly because she's considering loading up on bonds right now. Wow, bad timing.
So despite my self-imposed rule to not interfere, I couldn't help blurting out, "Are you sure? Don't you already have bonds?" She said she did, but then added how much she appreciates bond funds' regular gains. Of course it's a natural impulse to seek security. But my friend's dilemma illustrates a classic case of what behavioral economists call loss aversion.Continue reading Investors, stay in the game: Loss aversion causes big losses over long term Investors, stay in the game: Loss aversion causes big losses over long term originally appeared on DailyFinance on Sat, 28 Nov 2009 12:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Dubai bailout may come from rich neighbor Abu Dhabi
November 28, 2009 at 11:30 am
|
| Filed under: Economy, Real Estate  As banks and global analysts try to parse the Dubai debt problem by examining who owes what to whom, the most likely candidate to bailout the Arab emirate, its wealthy neighbor Abu Dhabi, has said it may help on a case-by-case basis.
In an exclusive interview with Reuters, a government official in Abu Dhabi said the UAE capital will "pick and choose" how to assist its debt-laden neighbor Dubai. That means that the exposure some large global banks have may not be part of any assistance package from other Arab neighbors, and that potential problems with write-offs may still exist.
Continue reading Dubai bailout may come from rich neighbor Abu Dhabi Dubai bailout may come from rich neighbor Abu Dhabi originally appeared on DailyFinance on Sat, 28 Nov 2009 11:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Black Friday: Macy's CEO Lundgren "encouraged" by sales traffic
November 28, 2009 at 10:45 am
|
| Filed under: Company News, Columns, Economy, People, Investing, Earnings, Macy's, Wal-Mart Stores  Macy's (M) CEO Terry Lundgren said he's "encouraged" by the level of buying activity at the company's Herald Square store in New York City Friday.
The day after Thanksgiving in the U.S. is nicknamed Black Friday because it's the day when many retailers become profitable for the year. Macy's Chairman and Chief Executive Officer Lundgren told DailyFinance that Macy's sales were strong Friday because of the number of people he saw in the store walking around with purchases.
Continue reading Black Friday: Macy's CEO Lundgren "encouraged" by sales traffic Black Friday: Macy's CEO Lundgren "encouraged" by sales traffic originally appeared on DailyFinance on Sat, 28 Nov 2009 10:45:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Entering the nuclear age? A utilities CEO wants federal control on energy
November 28, 2009 at 10:00 am
|
| Filed under: Energy, Technology, Economy, Green  Will the federal government ever take more control of the nation's energy policy? At the Carbon Economy conference in Washington in mid-November, Duke Energy (DUK) CEO Jim Rogers stole the show when he broached that idea.
Today, each state has tremendous power to manage its own energy needs; governors and state public utility commissioners decide how much electricity is generated, from which sources -- renewable or traditional fossil-fuel -- and how much the electricity will cost. And renewable portfolio standards, which mandate that more electricity come from renewable-energy sources, have been entirely state-run initiatives.Continue reading Entering the nuclear age? A utilities CEO wants federal control on energy Entering the nuclear age? A utilities CEO wants federal control on energy originally appeared on DailyFinance on Sat, 28 Nov 2009 10:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Thailand is 'in network'? Employers and insurers embrace medical tourism
November 28, 2009 at 6:00 am
|
| Filed under: Healthcare  Like some 47 million other Americans, Nancy Sowa (pictured) doesn't have health insurance. So when her doctors last year told her she needed a total hip replacement, the office manager for a non-profit did what a growing number of U.S. citizens are doing: She headed abroad. At Wockhardt Hospital in Bangalore, India, the 56-year-old was put up in a hospital "suite" far swankier than what she would typically find in the U.S., with a computer, fridge, cable TV, sitting area and an extra bed for her travel companion.
More to the point, the two-hour surgery in July, performed by an orthopedic surgeon trained in the U.S. and Australia, was a success. Four months later, the Durham, N.C. resident is feeling like her old self again, going for long hikes and planning her next vacation. The final tab for the procedure, including rehabilitative therapy and round-trip airfare for two? $12,000. That's a fraction of the $45,000 to $90,000 she had been told the surgery would cost at home.Continue reading Thailand is 'in network'? Employers and insurers embrace medical tourism Thailand is 'in network'? Employers and insurers embrace medical tourism originally appeared on DailyFinance on Sat, 28 Nov 2009 06:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments | | | 
| Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. | |
| See No Asset Bubbles … Hear No Asset Bubbles … Speak No Warnings About Asset Bubbles
November 27, 2009 at 7:45 pm
|
| Ever see one of those “See no evil, hear no evil, speak no evil” statues or pictures? The ones with the three monkeys, one covering his eyes, one covering his ears, and one covering his mouth? That’s pretty much what the Federal Reserve appears to be doing now when it comes to the asset markets …
Stocks up 67 percent from their lows? No worries. Junk bonds up 52 percent this year - the biggest increase in the history of the high-yield debt market, even as default rates are … [visit site to read more] 
 |
| Why Long-Term Investors Should Look Into Gold
November 27, 2009 at 7:31 pm
|
| As we enter a new decade we are compelled to point out what, in our opinion, is the “Lost Decade” of the United States. The financial media, brokerage houses and advisors have done a good job promoting the opportunity of owning US Equities, and as a result the average investor continues to wait and hope that their cookie cutter, simplistic investment strategies will provide for their future. The reality is that investors have been severely punished for “buying” and “holding” US equities over … [visit site to read more] 
 |
| US Recession May Be Over, But Has The Recovery Begun?
November 27, 2009 at 7:02 pm
|
| On the topic of the magnitude of the economic recovery, David Rosenberg, Chief Economist and Strategist of Gluskin Sheff & Associates, provided the following interesting snippet: The recession in the US may be over, but what sort of recovery lies ahead remains in question. All we can say is that when looking at what is normal in the context of a post-recession rebound during the post-WWII era, the first quarter of growth is closer to 7.3% at an annual rate, not 2.8% as we just … [visit site to read more]
 |
| Governments' Endless Borrowing - This Freak Show Cannot Go On Forever
November 27, 2009 at 5:12 pm
|
| Governments benefit from 'teaser’ rates. Wait ’til they come to an end… There are so many breathtaking things going on around us we practically suffocate. Last week, three-month US Treasury-bills yielded all of 0.015% interest. Some yields were below zero. In effect, investors gave the government money. The government thanked them and promised to give them back less money three months later. How do you explain this strange transaction? Was there a full moon? Moonlight on the week … [visit site to read more] 
 |
| U.S. Bancorp Selling 3 Texas Banks
November 27, 2009 at 5:08 pm
|
| U.S. Bancorp (USB) announced on Wednesday that its lead bank, U.S. Bank National Association is planning to sell the three Texas banks that were recently acquired from the Federal Deposit Insurance Corporation (FDIC) as part of the acquisition of the banking subsidiaries of FBOP Corp. of Oak Park, Illinois. The three Texas banks, which the company intends to sell are Citizens National Bank of Teague, Madisonville State Bank of Madisonville and North Houston Bank of Houston. These … [visit site to read more] 
 |
| Mainstream Media Late To The Gold Party
November 27, 2009 at 3:01 pm
|
| Gold is on track for its best monthly performance in a decade. The money metal reached $1,180 earlier this week, another all-time high. There’s buzz that India, which bought 200 metric tons of gold from the International Monetary Fund earlier this month, might well buy the rest of the 203.3 metric tons the IMF has put up for sale. A gold run-up like this perks up the ears of the mainstream…and that often gets our contrarian impulses tingling. MarketWatch took note this week of the … [visit site to read more] 
 |
| Microsoft Targets News For Bing - But Is It A Viable Strategy?
November 27, 2009 at 2:01 pm
|
| Microsoft Corp. (MSFT) is trying to lure news providers to its Bing search engine. The company appears ready to pay providers for allowing it to index their sites on Bing. We are skeptical about the viability of such a venture, since paying the many popular news providers would be a huge drain on cash. We do not think this would be a sustainable business model. But Microsoft seems to be pursuing the strategy in earnest. No doubt the company is trying to take advantage of the current … [visit site to read more]
 |
| Video: NYSE Closing Bell Market Monitor: Dow Drops On Dubai
November 27, 2009 at 1:52 pm
|
| The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ “http://www.nyx.com/marketmonitor” … [visit site to read more] 
 |
| Video: Crude Takes A Hit To Close Out The Week
November 27, 2009 at 1:48 pm
|
| Front month crude prices experienced a steep drop to close out the week on concerns over Dubai’s attempt to delay its debt repayments. … [visit site to read more] 
 |
| What Dubai Banking And Dubai Investment Means For Black Friday And Beyond
November 27, 2009 at 12:35 pm
|
| The emirate of Dubai, one of the seven United Arab Emirates, has been perhaps the ultimate poster child of excess. It is the land of the palm-shaped islands and the indoor ski slopes in the desert. Now it looks like Dubai banking and Dubai investment are in deep over their heads. The main investment vehicle of Dubai banking, Dubai World, has asked that its payments on $59 billion it owes be suspended until May, signaling to the financial world that Dubai investment is severely strapped … [visit site to read more] 
 |
| Australian Dollar: Caution
November 27, 2009 at 12:10 pm
|
| Update on supports and resistances. … [visit site to read more] 
 |
| Canadian Dollar: Caution
November 27, 2009 at 12:10 pm
|
| Update on supports and resistances. … [visit site to read more] 
 |
| Gold's Thanksgiving Crash And Friday Recovery
November 27, 2009 at 12:06 pm
|
| Along with the quick global market decline that occurred while the US was celebrating the Thanksgiving holiday, gold fell $60 into the night session, highlighting the potential risk of an overbought, overextended market. As of Friday morning, gold has regained most of those gains, but the sudden volatility was not a fun experience for most participants. Let’s see it on the overnight charts. Gold (mini-gold shown here) closed on Wednesday near the $1,190 per ounce level - all … [visit site to read more] 
 |
| Online Retail Saving The Day
November 27, 2009 at 12:04 pm
|
| According to numbers presented by the National Retail Federation, U.S. holiday retail sales from brick-and-mortar outfits will be down 1% this year. On the other hand, comScore (SCOR) expects online retail sales to be up 3% in November and December. The online retail segment is still a very small portion of the retail market (only 7% of total retail sales according to Forrester Research). However, there is good reason to believe that the segment will continue to grow into a larger … [visit site to read more] 
 |
| Midpoint Of Weeks High Low Ranges Tested In EUR/USD, GBP/USD, USD/JPY And USD/CHF
November 27, 2009 at 11:58 am
|
| The dollars moves in NY on the back of the stock markets rally from lows on the opening brought the major currency pairs back to the midpoint of the weeks trades. The levels seems to have slowed the momentum of the corrective moves this morning and may have set tops/bottoms in the respective pairs. The EURUSD tested the 50% Retracement level at the 1.4986 level. Support comes in at hte 1.4949 level now where 200 hour MA (green line ) and 38.2% retracement is found. The … [visit site to read more] 
 |
| Thanksgiving Day Market Hangover
November 27, 2009 at 11:30 am
|
| The lack of US traders at their desks yesterday didn’t stop the markets from selling off big time. The market was in a strong “pull-back mode” after the Dubai story broke. The state-owned investment company Dubai World unexpectedly announced it would have to postpone payment of tens billions of dollars-worth of debt for six months. This was tantamount to a default and the bulls went running for cover. The FTSE 100 fell 3.2%, the most in eight months while oil pared nearly 5% off its … [visit site to read more] 
 |
| Bank Of America's Lending To Community Development Financial Institutions Exceeds $1B
November 27, 2009 at 11:20 am
|
| Bank of America Corporation (BAC) said on Nov 24 that it has lent and invested more than $1 billion to over 120 Community Development Financial Institutions (CDFIs) in 37 states. These institutions include credit unions, investment funds and niche banks that focus on low-income and disadvantaged communities. The CDFIs primarily focus on small and micro businesses, charter schools, childcare centers, primary health care facilities, projects on Native American lands, and arranging … [visit site to read more] 
 |
| Video: Forex Markets Volatile On Dubai Debt Concerns
November 27, 2009 at 10:53 am
|
| Safe-haven currencies received a boost this session following Dubai’s attempt to delay debt repayments. Therefore keeping investors away from higher-yielding assets. … [visit site to read more] 
 |
| Video: NYSE Opening Bell Market Monitor: Dubai Debt Concerns
November 27, 2009 at 10:44 am
|
| The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 9:30 am EST daily @ “http://www.nyx.com/marketmonitor” … [visit site to read more] 
 |
| Video: Asian Markets Plummet On Dubai Debt Concerns
November 27, 2009 at 10:33 am
|
| The major Asian/Paciofic markets all posted heavy drops this session following Dubai’s attempt to delay debt repayments. … [visit site to read more] 
 |
| Will Dubai Default On Debt?
November 27, 2009 at 9:20 am
|
| Will the government of Dubai default on its debt? Will that trigger a wave of defaults in other nations or in selected companies? With Dubai situated in the oil-rich Middle East, how could this nation be on the precipice of default? Thanks to kbdabear for sharing with us this unsettling story from The Times.co.uk, Dubai in Deep Water as Debt Crisis Spreads:
Fears of a dangerous new phase in the economic crisis swept around the globe yesterday as traders responded to the shock … [visit site to read more] 
 |
| Swiss Franc: The Downside Prevails
November 27, 2009 at 9:10 am
|
| Update on supports and resistances. … [visit site to read more]
 |
| British Pound: The Downside Prevails
November 27, 2009 at 9:10 am
|
| Update on supports and resistances. … [visit site to read more] 
 |
| Euro: Under Pressure
November 27, 2009 at 9:10 am
|
| Update on supports and resistances. … [visit site to read more] 
 |
| Denial, Speculation And Gold's Parabolic Rise (And Fall?)
November 27, 2009 at 9:01 am
|
| Last article I covered the philosophy of gold and why that itself must change in the mind of the general public before we can see a real bull market. The arguments are here, and though the angry gold-bug letters calling for $10,000 / oz gold in 6 months continue to pour in, I have also received a few “hmmm, I never looked at this gold bull market like that before” emails which puts a smile on my face. After all, at Investophoria we aren’t just into helping ourselves, but educating … [visit site to read more] 
 |
| Indian Stock Markets: Sensex Down 222.92 Points On Dubai Debt Crisis
November 27, 2009 at 8:30 am
|
| Sensex fell 222.92 points or 1.3% to 16632.01
Nifty fell 63.80 points or 1.3% to 4941.75
Mid Cap fell 1.4%. Small Cap fell 2.4%.
BSE 500 fell 1.3%. Sensex losers: 25 Of 13 BSE Sectoral indices, 12 posted losses.
Advancers: 735, Decliners: 2023, Unchanged: 44
Advance/Decline Ratio: 1:3 Sensex Day’s Range: 16718.80 - 16210.44
Nifty Day’s Range: 5005.05 - 4806.70
52-Week Range: 17493.17- 8047.17 Sensex losers included JP Associates -3.1%, L & T -2.7%, Infosys -2.5%, TCS … [visit site to read more] 
 |
| Be Prepared For Friday's Stock Trading: An Inside Look At The Thanksgiving Futures Market Decline
November 27, 2009 at 7:01 am
|
| If you didn’t check the US futures on Thanksgiving (what good trader wouldn’t do that?!), then you missed some sharp downside action, spurred by global shockwaves from Dubai’s proposal to postpone debt payments. Global Markets were open while the US Market was closed, and many of these overseas markets fell sharply on the US’s Thanksgiving holiday. Let’s take a look at the S&P E-mini futures contract on both the daily and 15-minute frame so we can see the fall-out that will face … [visit site to read more] 
 |
| While Americans Were Celebrating Thanksgiving, The Rest Of The World Was Selling Stocks
November 27, 2009 at 6:45 am
|
| While America was enjoying their Thanksgiving Day holiday, the rest of the world was at work selling stock. The headlines today will put the blame on (i) Dubai’s financial troubles, (ii) Japan’s economic predicament, (iii) the tumbling oil price, (iv) U.S. Dollar struggles and soaring gold, and/or (v) whatever words are felt needed to gain readership. http://finance.yahoo.com/news/Oil-slides-to-near-74-as-apf-380368324.htm… What Americans will not be told is that the special loans … [visit site to read more] 
 |
| Forex Traders Favor The Yen Over The US Dollar As A Safe Haven
November 27, 2009 at 6:38 am
|
| The USD/JPY has captured headlines in the FX markets after the currency pair tumbled beneath October lows and continued to head south before bottoming just below the psychological 85 level. As we cautioned previously, a movement below our past 1st tier uptrend line could result in an ensuing selloff, and it appears the damage may be done for now. The USD/JPY registered 5000+ volume for the first time since the selloff in July 8th. While such a sell-side bias is certainly … [visit site to read more] 
 |
| EUR/USD Tumbles On Dubai News
November 27, 2009 at 6:34 am
|
| The EUR/USD is tumbling towards 11/20 lows after breaking through October lows and surging towards 1.5140. Today’s whipsaw movement comes in reaction to a broad-based exit from the risk trade in reaction to news from Dubai. As most investors know by now, Dubai World is requesting a debt restructuring of what could be up to $80 billion of credit. Although actual losses incurred are presently unknown, some European and UK banks could have considerable exposure. This week’s news … [visit site to read more] 
 |
| Like It Or Not, China's Setting The Table
November 27, 2009 at 6:13 am
|
| According to a recent Thomson Reuters/Ipsos poll, many Americans consider the US relationship with China the most important one it has. That’s despite uncertainty about whether or not that’s a good thing… most thought it was bad. According to the write-up, “Thirty-four percent of Americans chose China as the 'most important bilateral relationship’ - ahead of Britain and Canada. Yet when asked to characterize China, 56 percent saw it as an adversary while only 33 viewed it as an … [visit site to read more] 
 |
| How To Play Black Friday With ETFs
November 27, 2009 at 6:01 am
|
| The competition is fierce for holiday sales this year. So much so, that when it comes to some retailers, Black Friday has already begun. There are myriad ways you can play the bargain-hunting with exchange traded funds (ETFs). Black Friday is the traditional kick-off for the holiday shopping season, but you may have noticed the deals began popping up a little earlier than usual this year. Retailers are eager to lure consumers out of their hidey-holes, and they may find a receptive … [visit site to read more] 
 |
| Interesting Articles To Read
November 27, 2009 at 5:35 am
|
| This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. Jim Krane (Financial Times): Dubai gambles with its financial reputation, November 26, 2009.
The government’s decision to postpone debt repayments could make the emirate’s rivals more attractive, persuading international companies to decamp to Doha or Abu Dhabi.
Roula Khalaf (Financial Times): Emirate has a lot of explaining to do, November 26, 2009.
The … [visit site to read more] 
 |
| US Dollar Climbs On News Of Dubai's Debt Problems
November 27, 2009 at 5:06 am
|
| USD Dollar (USD) The Dollar climbed against all majors after Dubai’s attempt to reschedule its debt by 6 month caused Europe Stocks to drop heavily and spurred investors to seek the safety of assets perceived as lower risk. Stocks market in U.S were close due to the Thanksgiving holiday. Crude oil fell by 3% closing at 76.2$ a barrel. Gold (XAU) closed almost unchanged at 1191.85 $ an ounce but dropped during Asia session falling back to 1170$ levels. No economic data expected today. EURO … [visit site to read more] 
 |
| Japanese Stock Market Nosedives Under Stress Of Sovereign Solvency Fears
November 27, 2009 at 5:01 am
|
| In his ranking of 40 global stock markets, Robin Griffiths, highly regarded analyst of Cazenove Capital, told CNBC “the Nikkei 225 Index remains resolutely in 40th position as actually the one to avoid relative to the others”. The falling highs and lows of the Nikkei 225 “technically say 'avoid’”, he said, adding that India, China, and Brazil are the best investments.
The interview with Griffiths is lower down, but first a chart of the Nikkei 225. (^N225) The Index has been in a … [visit site to read more] 
 |
| Solar Energy Finally Showing Promising Signs After Years Of Disappointment
November 27, 2009 at 4:01 am
|
| After years of over promising and under delivering, the solar Industry is finally starting to show some interesting developments which have the potential to make solar power as cheap as fossil fuel on a cost-per-watt basis within five years. Getting us to that state, called grid parity, would require solar companies to produce power for around $1 a watt. Is it possible anytime soon? Many analysts think so and the target date being touted around is 2015. The reason for this fresh … [visit site to read more]
 |
| Video: Zhu Zhu Pets Scurry Off Shelves
November 27, 2009 at 4:01 am
|
| Zhu Zhu Pets are the hit toy of the season. The robotic hamsters have been so popular that retailers can barely keep them in stock. … [visit site to read more] 
 |
| Dubai Debt Concerns Trigger Spikes In Foreign Volatility Indices
November 27, 2009 at 3:38 am
|
| With the S&P 500 and NASDAQ futures both down approximately 3% as I type this on concerns about the ability of Dubai World to repay some $59 billion in debt, tomorrow’s half day session is likely to be ugly and volatile. In a vacuum, this type of event would be concerning, but not likely to cause panic. With the emotional scars of the financial crisis still looming large in the memories of investors (i.e., Availability Bias and Disaster Imprinting), I would not be surprised to see an … [visit site to read more] 
 |
| Gold Makes New Low
November 27, 2009 at 3:36 am
|
| Gold has made new lows down to 1138.10 a troy ounce from a high of 1191 earlier in the session. The move signifies a 4.3% decline. On the daily chart we may find some support at 1130 which is the 38.2% Fibo retracement of incredible move up over past month. From an hourly perspective we can see the magnitude of this move lower. Gold breaks through a number of support levels with ease all within the last 3 hours of trading. If Xau/Usd retraces at all look for 1156.35 to be a level of … [visit site to read more] 
 | 
| | | |
