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Less than two weeks remain ahead of Russia’s first round of voting in the 4 March Presidential elections. For investors with portfolio cash available for Russian allocation, the key question is whether incumbent Prime Minister Vladimir Putin will win in round one, or if it would be better for the political process and the equity market for him to win in round two.
Back on Tuesday I asked the question how many trillions is too much? Today I’m asking the question, when many Americans are struggling, why is the government bailing out the Senate’s barber shop?
Mohamed El-Erian of Pimco says easy liquidity are might be tamping global solvency and growth. He’s right about the problem, and hopefully he’ll also be right about the solution.
China has been developing deeper bonds with countries in Eastern Africa, where there are substantial deposits of oil (USO, quote), natural gas (UNG, quote) and copper (JJC, quote), among other natural resources. This is happening when the United States and others are pulling back, rendering significant economic advantages to Chinese trading partners.
Bad enough that the European Central Bank and the Federal Reserve are resorting to accounting tricks instead of convincing the Chinese or Warren Buffett to buy their bonds. Now Japan and the Bank of England are getting deeper into the balance sheet inflation act.
The White House has released a new $3.8 trillion budget for 2013. The United States currently owes a staggering $15.3 trillion. If the president says it is not time for austerity, how do we know?
Billionaire Gina Rinehart recently invested $146 million in Fairfax Media, the publisher of the Sydney Morning Herald and the Financial Review. Known as the “Iron Lady,” Rinehart is the heir of mining magnate Lang Hancock and is believed to be the richest person in the history of Australia.
European corporations should send Ben Bernanke a thank-you note. Low interest rates set by the U.S. Federal Reserve have yield-hungry American institutional investors “crossing the pond” to buy bonds.
Congressman and presidential candiate Dr. Ron Paul has spent most of his career advocating a return to the gold standard (GLD, quote). He feels that replacing the yellow metal with paper is the source of many economic woes that returning to gold could fix. There’s just one problem with his plan: he’s wrong.
