1. While oil prices skyrocketed, Russia was flooded with cash. But with sinking prices and the economic crisis, hopes are diminishing and tensions are rising in this recently robust industrial city that finds itself grinding to a halt.A Russian City Goes from Boom to Gloom 2.Can 1,000 professors be wrong? That’s how many were asked …
Continue reading ‘Knowledge is Power: Boom to Bust Edition’ »
Callan Associates, famous for its Periodic Table of Investment Returns also called the Callan Charts, has published the chart for 2008. Some key points from last year’s chart: The US markets performed better than the international developed markets While the S&P was down 37%, the MSCI EAFE Index which measures the developed markets of Europe, …
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Since the credit crisis began last year many of the former blue-chip stocks have been crushed to very low levels. Companies such as General Electric (GE), Citibank(C), Bank of America (BAC) are now trading in the single digits. Some of the European blue-chips are also down heavily with some losing over 90%. To identify the …
Continue reading ‘Six European Blue-Chip Stocks Under $10’ »
Chile is one of the few emerging market countries that is holding up well this year. The Bank of New York Mellon Chile ADR Index is up 9.05% year-to-date. Though the economy of Chile is heavily dependent on export of commodities such as Copper, in recent years the economy has become more diversified. The domestic …
1.On Thursday, it was Liechtenstein and Andorra. On Friday, Austria, Luxembourg and Switzerland likewise decided to change their banking laws to allow for more cross-border cooperation. The days of European tax havens are numbered. Tax Havens Give In to EU Pressure 2. Major Vienna banks wanted to capture the Eastern European market and benefit from …