Foreign utility stocks have performed well similar to the financial sector off the lows attained in March this year.While the financial sector gets most of the media attention due to the stress-tests in the US, bailouts and other events, I wanted to find out how the foreign utility sector was performing since the March lows. …
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1.The economic downturn is forcing a return to a culture of thrift that many economists say could last well beyond the inevitable recovery.Shift to Saving May Be Downturn’s Lasting Impact Source: New York Times Related: China Consumer Spending vs. Savings 2. The market is a cruel mistress indeed. Compounding the pain of big swoons, it …
Continue reading ‘Knowledge is Power: US Savings Rate Rises Edition’ »
1.In a switch from the downturn of 2000, retail investors have actually increased their trading volume, a panel of analysts told participants at the annual meeting of the Financial Industry Regulatory Authority Inc. in Boston. Finra is based in that city and New York.Retail investors in buying mood despite downturn. 2.With his 401(k) in ruins, …
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Effective March 30,2009, Commonwealth Bank of Australia’s American Depositary Receipt (ADR) stock started trading in the OTC market with the ticker CMWAY. Each ADR represents one ordinary share. The depository bank is The Bank of New York Mellon. A profile of the bank from their corporate site: “The Commonwealth Bank is one of Australia’s leading …
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1.The power of the three big US rating agencies, Moody’s, Fitch and Standard & Poor’s, remains unbroken. By awarding high ratings to junk securities, they fueled financial market excesses. Now they are taking countermeasures by brutally downgrading securities. In doing so, they are making the crisis even worse.The Power of Rating Agencies 2. The U.S. …
Continue reading ‘Knowledge is Power: End of Stress Tests Edition’ »