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Rosenberg: US Bear, Canada Bull - Setting the Record Straight
11 hours ago ago from AdvisorAnalyst Views
In today's Breakfast with Dave, David Rosenberg (Rosie), Chief Economist, Gluskin Sheff, sets the record straight about being his being bearish the US and bullish Canada. SETTING THE RECORD STRAIGHT I get this all the time; how can you be bearish on the U.S. economy and the stock market and also be calling for an elongated period of credit contraction and still be bullish on Canada and commodities? Well, here goes: The ...
Related contentDaily Rate Advisory – 12/11/2009
9 hours ago ago from AMB Blog
Friday's bond market has opened in negative territory following the release of much stronger than expected economic data. The stock markets have reacted fairly positive to the news with the Dow up 57 points and the Nasdaq up 6 points. The bond market is currently down 17/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point. This morning big news was November's Retail Sales report that ...
Related contentU.S. Housing Market Not Even Close to a Bottom
6 hours ago ago from MunKnee.com
There is absolutely NO doubt that there will be another down-leg for the U.S. housing market, beginning no later than spring of next year but there are two differences between the first spike in mortgage resets and the second. Not only will the second spike last for at least two years (longer than the first), but it will be much nastier. By: Jeff Nielson; www.bullionbullscanada.com; Words: 882 Roughly 75% of these mortgages are either ...
Related contentThe 15 Shadiest Mortgage Lenders Being Backed By The Government – The Business Insider
15 hours ago ago from Mortgage News and Mortgage Rates
Irresponsible mortgage lending brought down the U.S. economy. So you'd think that the lesson has been learned. But it hasn't. In fact, one of the worst instigators of questionable mortgage lending right now is the U.S. government, via the Government View original story
Related contentBreaking the Glass Ceiling in Copenhagen: Will the U.S. Rise To or Fall From the Occasion?
18 hours ago ago from Conservation Value Notes
Check out this powerful economic argument for action in Copenhagen , and for the U.S. Senate to pass strong climate change and clean energy legislation. The bold facing is my own emphasis added: Internationally, countries are looking to the U.S. for leadership. Investments in the developing world have been carefully eyeing provisions in Waxman-Markey regarding CDM in order to project the opportunity cap-and-trade may bring to their ...
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China blows by U.S. as world's largest car market
15 hours ago ago from DailyFinance
China has overtaken the U.S. as the world's largest car market. The Associated Press reports that research firm JP Power expects China's light vehicle sales will be 12.7 million in 2009, up 44% from the previous year. U.S. car and light truck sales will be only 10.3 million. Four years ago, American vehicles sales topped 16 million. Monthly car sales in China have been running ahead of the U.S. for several months, so the news is not ...
Related contentTime for the Defense to Take the Field - Up and Down Wall Street Daily - R. Forsyth - Barrons.com
23 hours ago ago from Barron's Online
Time for the Defense to Take the Field By RANDALL W. FORSYTH MORE ARTICLES BY AUTHOR The cyclical bull market, within the secular bear, looks like it's run its course. Subscribe Now With these readers: Or copy the rss link: THE BULL MARKET IS NINE MONTHS OLD , a financial news Web site trumpeted, as if a birth ...
Related contentIn the new era, old home price trend may not be the new home price trend
7 hours ago ago from BloggingStocks
Over generations, one truism of the U.S. housing market has been that mid-level home prices recover first, prior to the luxury market or upscale homes. And the logic implied in the above is obvious enough: there are more Americans in the middle-income market, hence there's a wider pool of eligible buyers, once these prospective buyers sense the time is right to purchase. The luxury market, because its drawing pool is so small, and ...
Related contentRecession's latest victim: U.S. innovation
13 hours ago ago from CNN Money
These tech-world luminaries - photographed during our recent Brainstorm Tech conference - aren't just changing the game; they've defined it. Photographs by Robyn Twomey. Quick Vote Which type of investments will you focus on in 2010? U.S. stocks Emerging markets Bonds Commodities Im sticking with old-fashioned bank accounts NEW YORK (CNNMoney.com) -- U.S. ...
Related contentDollar rises to 2-month high on euro
7 hours ago ago from CNN Money
Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse. NEW YORK (Reuters) -- The U.S. dollar jumped to a two-month high against the euro Friday after surprisingly strong consumer data boosted expectations the Federal Reserve would raise interest rates sooner rather than later. Retail sales posted the largest advance since August last ...
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