As Moamar Gaddafi flees towards his twilight, the Libyan strongman has left his country in a state of turmoil, yet unlike other war ravaged countries, Libya has tremendous potential in oil wealth. Between 2006 and 2010 Libya was producing on average 1,789.155 to 1,809.577 barrels a day. Of course this output has been halted due to… Continue Reading
There are a lot of calls from investors to pick up some “low hanging fruit” in the market. While its true that you can find some potentially valuable stocks for cheap, there may also be a lot of duds. The trick is to sift through and see if a stock is unnaturally low and will… Continue Reading
With Irene having passed through the North East, Wall Street is set to reopen its doors. Everyone can breathe a sigh of relief and quiet moment of thanks that there was not more damage, but the US economy seems to be slowing none the less. The most significant indicators pointing to a possible double dip… Continue Reading
Due to Hurricane Irene, airlines have canceled about 9,000 flights all along the eastern seaboard, north of North Carolina. I don’t believe that the economic effects of this will be significant to the airline industry because travelers will still have to get home so they will fly a day or two later. But what is… Continue Reading
In today’s world you never know how bizarre it could get. Like some unforseen hand directing our country to catastrophe Hurricane Irene seems to be heading into downtown NYC before the morning bell on Monday. Already investors have been uneasy about Ben Bernanke’s empty words coming this Friday. Increased joblessness rates didn’t help and counteracted… Continue Reading
Investors are pinning their hopes on market salvation stemming from Bernanke’s address at Jackson Hole, Wyoming this Friday. Many people believe he will take the time to introduce QE3 since he used the same venue to introduce QE2 allowing markets to rise above their present levels. “As the week progresses, all eyes will turn to… Continue Reading
Its interesting to see that after Moody’s downgraded Japan’s credit rating the world did not fall apart. Asian markets were trading a little lower and the price of gold went up, with many people in Asia buying physical gold. The American markets did not react dramatically to the downgrade like they did to the American… Continue Reading
Although the downgrade of Japan’s credit rating has surprised many. It shouldn’t come as a huge surprise. Japan’s economy has suffered a systemic malaise for a near 20 year period. True, it has seemed to bounce out of it at times, but it is stagnant, being dwarfed by the Chinese juggernaut. The earthquake solidified and… Continue Reading
Darling International is a green company that is over 100 years old. It is essentially a garbage recycling business which takes animal waste products from meat packaging plants and used cooking oils from restaurants and recycles them into useful products such as bio fuels etc. According to Darling’s CEO, Steve Stuewe, Darling recycles millions of… Continue Reading