The Commerce Department annonced that new home construction has hit its highest level since April of 2010, “climbing” 9.3% to a seasonally adjusted 685,000 units. Similarly, the National Association of Homebuilders has offered up its own cheerful trend; its Homebuilder Confidence Index has risen for 3 consecutive months. On the other hand, many economists have said that a ”healthy” real [...] [...more]
Oversold ETFs, Warren Buffett and Financial ETFs, Korean ETFs, Energy ETFs, Risk-Off ETFs, Toxic ETFs, Libor Rates and ETFs Click here to listen to the show: 08-28-2011 [...more]
Considering the depth and breadth of the global recession, one might look favorably on a mere 1% contraction of the South Korean economy for calendar year 2009. Lo and behold, though, some folks are already revising South Korea ‘09 higher. According to The Economist Intelligence Unit, a forecasting group that is frequently cited in the magazine, The Economist, the country may [...] [...more]
It’s easy to think about South Korea. Warren Buffett essentially called Korea’s POSCO the best steelmaker in the world. What’s more, South Koreans have turned a corner on everything from electronics (Samsung) to phones (LG Group) to automobiles (Hyundai). Few investors have failed to express interest in the “China miracle.” Not only is its economy growing at a [...] [...more]
Corporate resilience has been rather amazing. Bottom-line, top-line… who really thinks that companies aren’t hanging tough? Apparently, with so many corporations doing markedly better, some market-watchers fear that the Fed may show too much faith in the overall economy’s standing; that is, would the Fed prepare a statement that hinted at a foreseeable end to near-zero short-term rates? Not a chance! The [...] [...more]
