March 10, 2010
Profit Confidential
—by Michael Lombardi, CFP, MBA
Michael Lombardi is away on assignment; his column will return on Friday.
— by George Leong, B. Comm.
The economy continues to show encouraging signs, but, for the growth to pick up, we need to see marked improvement in both the jobs and housing markets. This has been my contention for quite some time. Without the confidence of holding your job, you may be hesitant to spend. The Durable Goods Orders for January was a stronger-than-expected three percent versus the estimate of 1.5%, and the 1.9% in December. The concern is that the number excluding transportation fell 0.6%, well below the one-percent estimate and the two percent in December. The reading indicates that consumers are generally not rushing out to spend on big-ticket items other than autos, which offered major incentives to buy. Until we see a pick-up in big-ticket items, economic renewal may be slow.
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The Possibility of Resurrecting the Gold Standard
"The Financial World According to Inya" Column
— by Inya Ivkovic, MA
In January, at the World Economic Forum in Davos, the French President Nicolas Sarkozy, suggested — albeit receiving a lukewarm reception — the idea of resurrecting the Bretton Woods currency agreement. The Bretton Woods agreement laid the foundation for the gold standard, which former President Nixon brought down like a house of cards in the early 1970s.
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This Bubble Just Might Be Bigger Than Gold
"Ahead of the Street" Column
— by Mitchell Clark, B.Comm.
The numbers are just about to start pouring in now for a lot of U.S.-listed Chinese stocks and what better way to start off than by looking at China Real Estate Information Corporation (NASDAQ/CRIC). Between this company and E-House (China) Holdings (NYSE/EJ), an investor has two of the best benchmark businesses through which they can follow the Chinese real estate market.
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