Sponsored Link: Imagine... every dollar you own backed by gold
           
Hot Links:

November 8


Has Asia Dethroned Detroit as the Auto Sector Leader?

By Martin Hutchinson
Contributing Editor
Money Morning

Back in May I recommended that readers should buy shares in Ford Motor Co. (NYSE: F) on the grounds that the U.S. carmaker would gain market share from the bankrupt General Motors Corp. (OTC: MTLQQ) and Chrysler Group LLC. Ford’s third-quarter profit and healthy October sales growth show I called that one right. One doesn’t like to blow one’s own trumpet excessively, but if you’d followed my advice in May, you would today be sitting on a profit of nearly 50%.

However, while I admire Ford for its brilliant strategic decision not to cave in and accept government-sponsored bankruptcy, and wish it well in its future battles with GM and Chrysler, I’m not sure the company that Henry founded represents the future for the global automobile industry.

More likely – while Chrysler will become a money-pit that is closed only by …

http://www.moneymorning.com/2009/11/06/asia-emerges-as-auto-leader/



Sign up right now, and we'll send you an important new report for free: "How China is Torpedoing the U.S. Dollar..."




Email:    




Is the Government Rehabilitating the Economy or Delaying the Inevitable?

By Peter D. Schiff
Guest Columnist
Money Morning

While all the talk at present is about economic corners turned and markets charging ahead, no one is paying much notice to an American economy that’s deteriorating right before our eyes.

These myopic commentators seem to be simply moving past the now almost-universally held conclusion that, before the crash of 2008, our economy was on an unsustainable course. If these imbalances had been corrected, then perhaps I, too, would be joining in the euphoria. But evidence abounds that we have not veered at all from that dangerous path.

The U.S. Bureau of Economic Analysis just reported that consumer spending as a percentage of U.S. gross domestic …

http://www.moneymorning.com/2009/11/06/peter-schiff-economy/



Investment News Briefs

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world.

Retail Sales Slump; U.K. Government Fines UBS $13.3 Million; Exxon and Shell Sign Iraq Oil Contract; BOE Expands Quantitative Easing; FBI Arrests 14 in Galleon Probe; Petrobras Finds Gas in Peru; Shares of Ancestry.com Soar on IPO; Mortgage Rates Drop Below 5%

  • More than half of U.S. retail chains posted October sales that fell short of Wall Street’s heightened expectations in an ominous sign for the upcoming holiday season, Reuters reported. …

http://www.moneymorning.com/2009/11/06/investment-news-briefs-108/