Goldman Sachs Predicts 2011

Archive for December, 2010

Goldman Sachs Predicts 2011

Tuesday, December 28th, 2010 | Comments Off

The economy seems to be on a recovery roll, at least for corporate profits. The problem of joblessness still needs to be tackled in 2011 and it remains to be seen how things will fare in this quarter. In any case, the concluded Obama tax compromise has sent all investment houses into making new upwards […]

$5.00 Gas Again?

Tuesday, December 28th, 2010 | Comments Off

The former president of Shell Oil, John Hofmeister, recently stated in an interview with Platt’s Energy Week television that Americans might be paying $5 for a gallon of gasoline by the end of 2012. Hofmeister predicted gasoline prices will rise again as the global demand for oil start to once again increase. On the other […]

BofA Prepares for Wikileaks By Buying Websites

Monday, December 27th, 2010 | Comments Off

Before his arrest, Julian Assange of Wikileaks anounced that he would release documents of a large American bank, and the publication of those documents revealing how the top powers of a bank think would rival the Enron expose. Presumeably, that bank is Bank of America, and it seems the bank is getting ready for the […]

CA CD Rates for 1-year Deposits

Friday, December 24th, 2010 | Comments Off

Here are the best rates from California banks for one-year certificates of deposit: United Central Bank 1.51% F & A Credit Union 1.50% Alliant Credit Union 1.40% American Plus Bank 1.26% Redding Bank of Commerce 1.26% Nationwide Bank 1.25% Pacific Mercantile Bank 1.20% OneWest Bank 1.20% Chevron Federal Credit Union 1.20% Lockheed Federal Credit Union […]

Gold Expected to Increases in 2011 Says Soros

Tuesday, December 21st, 2010 | Comments Off

Famed hedge fund investor George Soros thinks gold prices are heading much higher in 2011. As the largest holder of the GLD fund, he has reasons to talk up the metal but he isn’t the only one all bull. John Paulson, David Einhorn, Paul Tudor Jones and other famous investors have piled into precious metals. […]

Goldman Sees 20% Stock Rise for 2011

Tuesday, December 21st, 2010 | Comments Off

Goldman Sachs economist Jim O’Neill recently forecast we might see a 20% rise in US stock prices in 2011 because of improving growth, falling unemployment and higher national consumer confidence. He currently forecasts a growth rate for the US economy of 3.4% in 2011 and 3.8% in 2012. O’Neill first coined the phrase “BRICs” for […]

Muni Bonds Have Been Taking a Beating

Monday, December 20th, 2010 | Comments Off

A recent “60 minutes” show this weekend highlighted a problem with states being unable to close budget gaps and pay for expensive pension and medical liabilities. States and local municipalities are in debt by nearly $500 billion according to “60 Minutes.” Furthermore they face over $1 trillion in unfunded liabilities. What’s been the reaction to […]

7 Immediate Winners in 7 Open Positions for IRA’s

Thursday, December 16th, 2010 | Comments Off

When we just a few days ago introduced our readers and IRA investors to John Thomas, also known as the “Mad Hedge Fund Trader”, we had seen his track record and analysis on the US economy. How little did we know how profitable the father of the international hedge fund industry would be for us […]

Sales of Southern California Homes Dropped in November

Thursday, December 16th, 2010 | Comments Off

According to San Diego research firm MDA DataQuick, sales of Southern California homes fell to their second-lowest level for a November in at least 18 years. Approximately 16,208 houses and condominiums sold in the counties of Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange county last month. November figures also show that the median […]

California Voted a “Worst State” for Retirement

Wednesday, December 15th, 2010 | Comments Off

What are the 10 worst states in which to spend your retirement? According to TopRetirements.com, factors such as fiscal health, taxation, and climate make these 10 states the worst for your golden years: Illinois, California, New York, Rhode Island, New Jersey, Ohio, Wisconsin, Massachusetts, Connecticut and Nevada. It is intersting to note that six of the […]

Archive for December, 2010