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Taiwan petrochemicals need China trade pact to survive its economy

(ChinaPost.com.tw) – About a year ago, the Taiwan Synthetic Resins Manufacturers Association (TSRMA) held a press conference for the first time in 20 years to ask the government to save the local petrochemical industry from “a life or death situation…

[ More ] February 1st, 2010 | No Comments | Posted in Business |

The Changing Composition of the GDP

Zacks.com submits: By Dirk van DijkWith the release of the first cut at the 4Q GDP, it is worth taking a look at what the overall composition of GDP looks like, and how it has changed over time. GDP is equal to the sum of spending by the Consumer, B…

[ More ] February 1st, 2010 | No Comments | Posted in Finance |
 

Monroe Muffler Is Running a Little Hot

Ockham Research submits: “The auto repair company that I have been mentioning for a long time on this show, Monro Muffler, MNRO. The largest pure play, under-car service chain company in America, with 780 locations. This is a twice-blessed sto…

[ More ] January 31st, 2010 | No Comments | Posted in Finance |

Microsoft Results: Another False Positive for Enterprise Software Market Growth

Dennis Byron submits: Right after I tell you not to get too excited about SAP’s fiscal-quarter-four and full year 2009 results relative to the outlook for the overall enterprise software market, Microsoft (MSFT) blows the lid off its guidance. So a…

[ More ] January 31st, 2010 | No Comments | Posted in Finance |
 

Individual Investor Sentiment Remains Neutral

The Pragmatic Capitalist submits: The latest data from AAII showed a bullish reading of 35%, a 5% decline from last week. Total bears were 36.7%, up 1.9% from last week. This is the first time the bears have outnumbered the bulls since the beginni…

[ More ] January 31st, 2010 | No Comments | Posted in Finance |

GDP Rebound with Continuing Job Losses: Not the First Time

Don Fishback submits: Just a quick update. The last time GDP grew this much in one quarter was the 4th quarter in 2003. Employment during that period grew 345,000 jobs.Complete Story »

[ More ] January 31st, 2010 | No Comments | Posted in Finance |
 

Scottish Widows puts bar up on French prisoners

Insurer won’t accept my imprisoned brother’s letter giving me the right to deal with his moneyScottish Widows had, for some time, been attempting to discover the whereabouts of my brother to send him his demutualisation payment. I informed them that he is currently­ held in one of France’s penal establishments.­ It contacted him, asking him [...]

[ More ] January 31st, 2010 | No Comments | Posted in Finance |

No capital service in Mexican restaurant

I was escorted by police from restaurant in Mexico thanks to Capital One’s poor serviceOn Christmas Eve in Mexico I tried to pay a restaurant bill with my Capital­ One card. The terminal rejected the card three times. I persuaded the manager to phone the bank. After 45 minutes answering security questions,­ he got irate. [...]

[ More ] January 31st, 2010 | No Comments | Posted in Finance |

Five Reasons to Short the U.S.

Filed under: Bad News, Goldman Sachs Group (GS), Morgan Stanley (MS), ETF Investing, HousingI love my country: the chaos, the hurly-burly of democracy, the hard work of quiet people and the great, big heart as shown by our private donations to Haiti…

[ More ] January 30th, 2010 | No Comments | Posted in Finance |

Couture week provides hope to jewelers

(ChinaPost.com.tw) – Hit by the crisis, a clutch of France’s most exclusive million-dollar jewelers this week staged a joint bid to conquer lucrative markets in emerging nations, unveiling their biggest and best for the first time at Paris couture week.

[ More ] January 30th, 2010 | No Comments | Posted in Business |