I came across this interesting story at The Global and Mail site. From “The ‘blazingly simple,’ must-have portfolio: “About 10 years ago, retired political science professor Mike Henderson singled out these companies for the essential roles they play in the Canadian economy. He then invested in each of them for the core of the retirement …
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The EU and IMF are expected to approve a bailout package worth billions of Euros to Ireland next week. The Irish banking system is especially in need of capital injections despite billions already pumped into them by the Irish government. Similar to most U.S. banks, Irish banks also recklessly lent funds heavily to the real …
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The OECD released its latest report on the Economic Outlook for OECD countries yesterday. From the report: “Economic activity in OECD countries will gradually pick up steam over the coming two years, but the recovery will be uneven and unemployment will remain persistently high, according to the OECD’s latest Economic Outlook. Gross domestic product (GDP) across …
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The U.S. economy is projected to grow 2.6% this year and 2.3% next year according to IMF estimates. In September, the National Bureau of Economic Research (NBER) declared that the 2008 financial crisis recession ended. However most Americans feel that the economy is still in deep recession. This can be attributed to stubbornly high unemployment …
Continue reading ‘Bob Goodman: U.S. to Experience Slower Economic Growth Over the Long Run’ »
The graphic below shows the top 10 Chinese companies based on market capitalization in the domestic market as of November 18, 2010: Click to enlarge Source: FT Markets Data Banking and energy firms dominate the list shown above with banks taking five of the ten spots. PetroChina (PTR), the integrated oil and gas producer, has …
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