Mar 27, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions


Scenes From The ‘Recovery’

Posted: 27 Mar 2010 05:06 PM PDT

From Bloomberg BusinessWeek:

"We're in a recovery and maybe the recovery is a little bit stronger than we thought," said Ethan Harris, head of North America economics at Bank of America-Merrill Lynch Global Research in New York. "My guess is the income will be stronger than the GDP data" in coming quarters.

To celebrate the fact that the recession is now history, as well as the stock market’s recent run to levels not seen since before the downturn began, I bring you…
Scenes from … [visit site to read more]


Buy Health Insurance Stocks - They’re Getting 32 Million More Customers

Posted: 27 Mar 2010 05:01 PM PDT

Healthcare reform is now law.

Over the next decade the government will reach further into the private sector than it ever has before.

Despite the year of debate and non-stop selling of the program, there’s still a lot of uncertainty over the impact of the law.

All politics aside, we know a few things already.

First, it will not be nearly as good as proponents said it will be.

Second, it will not be as bad as opponents said it will be.

Third, over the long-run though, we know … [visit site to read more]


Economic Calendar For The Week Starting 29 March 2010

Posted: 27 Mar 2010 02:01 PM PDT

Here’s Economic Calendar for the week commencing 29 March 2010. This week there’s a suite of data out of the US that will provide a very interesting and broad insight into the health or otherwise of the recovery. There’s also confidence and PMI indicators from a few different countries due for release throughout the week; including China, UK, New Zealand, US, and Japan.

(More commentary follows the table)

Day
Time … [visit site to read more]


No Other Major Retailers Willing To Come To The South Side Of Chicago, Except One

Posted: 27 Mar 2010 12:01 PM PDT

CHICAGO - “Wal-Mart Stores Inc. (NYSE:WMT) has won the support of dozens of church ministers in its long-running battle to expand in Chicago, a sign of how the recession has softened skepticism of the retailer in a community desperate for jobs. The ministers, most of them African-Americans together representing thousands of congregants, are pressuring the city council to grant approval for a Wal-Mart “supercenter”-a store with a full grocery that also sells general merchandise-on the city’s … [visit site to read more]


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