Written by Mark Bern, CPA CFA
I am afraid that until March Madness (NCAA Basketball Tournament) ends I’ll be working a lighter schedule since it is one of those times of year that I cherish. The family situation is all better, but my alma mater has a solid team in the women’s bracket and I hope to watch all of their games as well as whatever else I can find the time to enjoy. This is one of those great perks of being retired. I did write four articles this week, two of which were out of the realm of normal for me, but that I just felt strongly about. I’ll start with a little summary for those two first.
by Jeff Miller
While this has been a regular topic for many, the following factors combine to make inflation the focus for the coming week:
- The continuing rise in gasoline prices
- Increased attention to Iran and policy reactions
- Official data on PPI and CPI
- The FOMC meeting
I'll offer my own forecast of how this will play out --- and what it means for traders and investors -- in my conclusion. First, let's do our regular review of last week's news and economic data.
by Peter Krauth, Global Resources Specialist, Money Morning
My eyes nearly popped out of my head when I read this headline: "Iceland Considers Adopting Canadian Loonie." The loonie is otherwise known as the Canadian dollar.
Of course, gold would be a much a better choice as I'll explain later.
But the simple fact that this tiny nation of 330,000 is even thinking about using the Canadian dollar as its currency would have been unheard of just five short years ago. After all, we live in a world that is literally littered with fiat money. In this world the U.S. dollar has been at the top of the heap.
That the loonie may be Iceland's top choice is just stunning .
Written by Trefis Staff
Below is a summary of the activity on Trefis during the past week that we thought you would find interesting. Trefis is a financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. It provides the unique feature of allowing the user to model future valuation based upon projected changes in components of each business. It also provides communication capabilities among members, including consensus of member analysis compared to Trefis staff analysis and blogging opportunities for members.
Click on graphic for larger image and go to Trefis for interactive page.
All this week the markets have succumbed to the “hopium” hangover until today. Tuesday markets went through a strong “correction” which has now gained back some of the losses that occurred. Today's reports (Thursday) concerning Greece are looking up at noon-time because of some severe arm-twisting behind the scenes and politicians singing their song of how well everything is going. Doing their best in injecting another strong dose of “hopium”.