The Reserve Bank of India (RBI) said it expects the gross domestic product (GDP) of Asia's third-largest economy will grow at least 6% in the current fiscal year and that it will begin winding down stimulus measures while turning its attention toward inflation. The RBI now expects a higher rate of inflation compared to its […]
Archives for October 27, 2009
October 2009 - Money Morning - Only the News You Can Profit From
OPEC Considers Boosting Production as Oil Prices Continue to Rise
The Organization of Petroleum Exporting Countries (OPEC) would intervene if oil prices were to reach $100 a barrel, according to the group's president and Kuwait's oil minister. Analysts have been speculating about whether or not oil prices would again breach $100 a barrel. The price of light, sweet crude for December delivery rose 76 cents, […]
If You're Going to Buy a House, Do it Now
It looks like the U.S. housing sector has bottomed. In fact, if you've been thinking about buying a house, this may be the time to make your move. Let me tell you why. Congress and the Obama administration are considering whether to extend the $8,000 first-time-buyer tax credit for another year from Nov. 30, when […]
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. Senate Debates Housing Tax Credit Extension; Washington Considers Freezing Credit Card Interest Rates; Readers Flock to Internet at Faster Pace for News; AOL Names Board; Rising Gas Prices Could Clamp […]
The Dethroning of the U.S. Dollar Will Happen Sooner Than You Think
By now virtually every investor has heard the argument that the U.S. dollar is slated to lose its status as the global reserve currency. And that's good – as far as it goes. What's bad is that many of these investors have yet to latch onto the fact that this could happen much sooner than […]