After five years of strong growth Latin American economies were severely impacted by the current credit crunch. However the region holds plenty of potential for the future growth. The following are some key points from a “Regional Overview: Latin America” report by Institute of International Finance (IIF). “Most countries are better prepared to confront the …
In a recent Washington Post article titled “Too Many Cars, and They’re Not on the Road“,the author says that 57,000 unsold cars are piled up at the Port of Baltimore and many more are stored at the Baltimore-Washington International Marshall Airport. The big three US automakers – Ford Motor Co (F), General Motors(GM) and Chrysler …
Continue reading ‘Will the US start a Car Scrapping Incentive Program?’ »
Despite the housing market crash in many states, there are markets which are holding up well. A few of these markets are not only strong but are actually projected to show an increase in home values in 2009, as per a report by Housing Predictor, an independent real estate markets forecasting site. The Top 25 …
One of the factor that influences the performance of an economy is the external debt owed – which is the amount owed by locals to non-residents (or foreigners). According to Finance & Development of IMF’s Statistics Department, in Latin America external debt as a percentage of GDP has fallen significantly over the past five years. …
Continue reading ‘With Low Debt, Latin America Should Do Better This Year’ »
The S&P 500 is down 7.50% as of market close today (April 6,2009). The worst performing sectors is the financials at 24.7% and the best performing sector is IT with a return of 9.98%. Traditional defensive sectors such as utilities and consumer staples are down 11.11% and 8.25% respectively year-to-date. The current bear market is …