Our journey through New World 3.0 begins right at home this week, the central point from which the global financial earthquake diffused its violent tremors. Read More
David Dittman is no longer with Investing Daily.
Analyst Articles
Our journey through New World 3.0 begins right at home this week, the central point from which the global financial earthquake diffused its violent tremors. A Wall Street chasm has swallowed up Lehman Brothers (NYSE: LEH), Merrill Lynch (NYSE: MER) and American International Group (NYSE: AIG). And as of this writing, Morgan Stanley (NYSE: MS) is deep in talks with China’s government about selling another stake in the company. Singapore Investment Corp (GIC), the world’s second-biggest sovereign wealth fund (SWF), said it would consider Morgan Stanley if approached; the guess here is GIC might be more assertive in a hunt for Goldman Sachs (NYSE: GS). Read More
Our journey through New World 3.0 begins right at home this week, the central point from which the global financial earthquake diffused its violent tremors. A Wall Street chasm has swallowed up Lehman Brothers (NYSE: LEH), Merrill Lynch (NYSE: MER) and American International Group (NYSE: AIG). And as of this writing, Morgan Stanley (NYSE: MS) is deep in talks with China’s government about selling another stake in the company. Singapore Investment Corp (GIC), the world’s second-biggest sovereign wealth fund (SWF), said it would consider Morgan Stanley if approached; the guess here is GIC might be more assertive in a hunt for Goldman Sachs (NYSE: GS). Read More
“Since the April Monetary Policy Report (MPR), economic developments have been broadly in line with expectations. However, the balance of risks to the Bank's April projection for inflation in Canada has shifted slightly to the upside.” With that statement, the Bank of Canada (BoC) left its key rate unchanged at 3 percent, flummoxing economists who forecast a 25-basis-point cut. Read More
Back in March, the Bank of Canada (BoC) statement announcing a 50-basis-point interest-rate cut told of “clear signs that the US economy is likely to experience a deeper and more prolonged slowdown than had been projected in January.” Read More
We were all shocked Tuesday night with the announcement by Finance Minister Jim Flaherty that Canadian trusts will now be subject to entity-level taxation. The best tip I can give this month is to contact the Canadian Ministry of Finance and express your concern over this. Read More