Archives

November 2007 Archives

Searching for the Next Amgen - 2007-11-30
As the baby boomer generation rushes into old age like a colony of army ants, healthcare spending is expected to skyrocket. And all this spending represents a boom for drug and medical device developers and manufacturers.

Welcome to Capitalism, Comrades - 2007-11-30
North, South, East, and West, the human condition is the same.

The NAR Cheerleaders... Wrong Again. - 2007-11-29
Much like former NAR chief economist David Lereah, current chief Lawrence Yun has a knack for spinning reality... or being clueless.

Easy Money, Speculation, and Fraud - 2007-11-29
Here's a mind boggling story from Detroit that has them all.

GPS Stocks - 2007-11-29
Wealth Daily Editor Steve Christ takes a look at the GPS stocks on everybody's wish list for 2008.

British ARM-aggedon - 2007-11-28
The Bank of England's chief economist warned the effect of the credit crunch on banks may only be the tip of the iceberg. Who didn't see this coming?

Laugh it up Chuck - 2007-11-28
Somewhere this morning in his velour sweat suit Chuck Prince has got to be laughing his head off. Here's why...

Goldman's Grim Outlook - 2007-11-28
More sobering talk from Goldman Sachs. According to them it looks like a crash.....

Grid Parity: Renewables vs. Coal - 2007-11-28
Wealth Daily Editor Nick Hodge discusses the recent Google initiative to make renewables price-competitive with coal.

No Help for the Jumbos - 2007-11-27
While Ben Bernanke and Charles Schumer thought that it would be a great idea if Fannie Mae and Freddie Mac could up their loan limit to help support the jumbo mortgage market, it turns out that cooler heads have prevailed.

70/70 Rule Delay a Boon for Cable - 2007-11-27
A meeting delay may be a boon for cable operators.

Flexible Spending Account Rules - 2007-11-27
Wealth Daily Editor Ian Cooper explain the rules behind the Flexible Spending Account, and how to best use it to your advantage.

Homes Prices Mark Record Decline - 2007-11-27
More bad news for the housing bulls...what's left of them.

Shop 'til You Drop - 2007-11-26
First there was "Black Friday". And now there is something called "Cyber Monday". But no matter how you get there, one thing about this Christmas season is already crystal clear. Borrowing from Winston Churchill it's this.....

Asian and American Economies - 2007-11-26
Just back from Asia, Wealth Daily editor Sam Hopkins breaks down the risks and benefits of investing in the Asian and American economies.

"Fool me once, shame on -- shame on you. Fool me -- you can't get fooled again." (The wisdom of President George W. Bush) - 2007-11-26
Countrywide Financial would now have us believe that it has ample capital and liquidity to stay in business.

The "R"-Word and the Perfect Storm - 2007-11-26
Ok I admit it. Every writer worth his salt should swear this one off forever. But this time though, that storm could be for real.

No Analyst Coverage - 2007-11-23
Big investment banks aren't known for doing too much business with small-cap companies. Ian Cooper discusses two they missed.

Thankful for America - 2007-11-22
Sure the markets are down. But the truth is that there is nothing that we can't handle. Here's why.

The Terminator and Unintended Consequenses - 2007-11-21
It's judgment day in California for sub prime ARMs. Why Arnold's latest move may kill them forever.

Freddie Drops the Mother of all Bombs - 2007-11-21
Freddie Mac dropped the bomb on the markets today. Here's why its so big....

Fall in Values May be Hard to Swallow - 2007-11-20
So what exactly does it look when property values fall dramatically? Well, in this story from a recent auction it's a tale of a meal gone ice cold.

Homebuyers be where? - 2007-11-20
What is wrong with housing bulls? Are they blind?

The Secret to Beating Wall Street... Paying Attention. - 2007-11-20
Any one that didn't know that credit card companies would be slapped around wasn't paying attention.

Carl Icahn Companies - 2007-11-20
Billionaires didn't make money buying just anything. In this issue, Ian Cooper discusses Carl Icahn's latest company investment.

Warning: This Post May Cause Insomnia - 2007-11-19
While the subprime slime has managed to ding one bank after another these days, if there was a catbird seat to be had it would definitely belong to Goldman Sachs. But here's the scary part...

China's Economy - 2007-11-19
Over the past week, I've seen China's past, present and future. In central China's Xi'an, I saw high-tech metallurgy that western science only caught up to within the past century.

SIVs and the Domino Effect - 2007-11-17
I find myself thinking more and more about dominoes these days. Not the pizza, but the kind that you play with. As a kid, I use to love to set them up and knock them down. That's because the debt markets are absolutely full of them.

Bond Insurers Stare Down"20 Katrinas" - 2007-11-16
Like the plague of old, the CDO mess continues to seep into parts of the markets that many had said were immune. Contained? Well... not exactly.

Trading on the News - 2007-11-16
Wealth Daily Editor Ian Cooper reveals why trading on the news is a profitable endeavor... and how to do it.

Homebuilders Struggle with Bankruptcy - 2007-11-15
Editor Steve Christ takes a look at the fortunes of the nation's homebuilders as more them try to skirt bankruptcy.

Warren Buffett is Dead Wrong - 2007-11-15
When it comes to the Warren Buffett story, there's really not much about it that I don't love. After all, how could you not like a guy whose favorite meal is a big cheeseburger and a Cherry Coke. Nonetheless, I'm not exactly blinded the brilliance of his Congressional testimony yesterday.

Green Building Stocks - 2007-11-14
This week, editor Nick Hodge takes a look at the convergence of the green building and carbon markets, and discusses the future of each.

Boycott Yahoo - 2007-11-14
Ok. I admit it. When it comes to this story I'm a bit late to the scene. But after reading about Yahoo's settlement yesterday with the families of the Chinese dissidents that the company helped to send to jail, I'm boycotting them for good.

Main Street is Getting Nervous - 2007-11-13
While a good bit of the news lately surrounding the credit crunch has revolved around those faltering CDOs, the real affects of the sub prime mess actually continue long after those massive write-downs hit the Street.

Economic and Political Crisis - 2007-11-13
If it hadn't been for inflationary fears, the 1979 Iran hostage crisis, or the Soviet invasion of Afghanistan in 1980, patient gold investors would have never watched as $104 gold skyrocketed 725% to $850.

Home Depot Stock Stumbles - 2007-11-13
Big box retailer and national bellwether stock, Home Depot Inc. (NYSE:HD), reported this morning that its 3rd quarter net profit fell by nearly 27% due to a "tough environment" in housing.

Ron Paul vs. Ben Bernanke - 2007-11-12
With one eye on a mess of intraday charts and the other on CNBC, I caught this exchange yesterday between two people that can only be described as polar opposites-Ron Paul and Ben Bernanke. It was classic-if you're a Fed nerd like me.

The U.S.-Korea Free Trade Agreement - 2007-11-12
This agitation against the US-Korea Free Trade Agreement seems a bit too late, as the United States and the Republic of Korea (as the South is known, versus the North's Democratic People's Republic of Korea) signed the deal in June.

Drowning in Red Ink - 2007-11-10
The government clown show has struck again.

CDO Mess Lines Up Its Next Victim - 2007-11-10
First it was Merrill. Then it was Citigroup. And now it's Morgan Stanley's turn to put its cards on the table.

A 10 Billion Trillion Trillion Carat Diamond - 2007-11-09
Located over 10,000 feet above sea level in the frigid Maluti Mountains of Lesotho, the Letseng diamond mine is the highest diamond mine in the world. But this sky-scraping mine is really most widely known for the large world-class gems that it produces.

War by Other Means - 2007-11-09
Barely three months into the destruction of the dollar at the hands of the Federal Reserve, the rest of the world beginning to get a little queasy over its free fall. Gee go figure.

Sinners and Saints - 2007-11-09
I want you to think about something. Oil prices are already approaching $100 a barrel. If the IEA is warning us about an "an abrupt escalation of oil prices," what exactly does that mean?!

Dollar Losing Value - 2007-11-08
Since I arrived here in Japan, I've been out in the street markets and up in the highest floors of Tokyo skyscrapers, eating everything from mung bean desert cakes to steaks, and meeting with Japanese businessmen from conglomerates and start-up firms alike.

Higher Oil Prices - 2007-11-07
Editor Brian Hicks talks about his recent interviews on Bloomberg and Fox Business Channel while higher oil prices are finally causing the mainstream media to sound the alarm.

Rate Cuts, Inflation, and the Dollar - 2007-11-06
Oil and gold continue to make fresh new highs, as the dollar is in a free fall. Steve talks about inflation, rate cuts and the greenback.

Small Cap Investing - 2007-11-05
Ian Cooper joins the Wealth Daily team as it's small cap and trading expert. In this piece he gives an intro to Small Cap Investing as relates to Warren Buffett.

Goodbye Greenback - 2007-11-02
If you'll recall, Mike was one of the first to tell you to get all of your money out of US dollars, and into Canadian dollars. In fact, Mike was urging me in 2004 to get all of my investments into Canadian dollars.

Tech Stocks for 2008 - 2007-11-01
Editor Steve Christ reveals why tech stocks will continue to outperform in 2008, citing the powerful PowerShares QQQQ ETF.