200908.27
Off
0

Chinese to Raise Overseas Investments

China’s going out strategy is about to kick into high gear: LOS ANGELES (MarketWatch) – The president of China’s well-financed sovereign wealth fund said his group plans a massive, ten-fold expansion of its overseas investment this year, according to reported comments from an interview Thursday. China Investment Corp. President Gao Xiqing said the fund’s foreign…

200908.27
Off
0

Government Investment – An Oxymoron

The biofuels industry that has enjoyed so much political support is having some problems (via WSJ): The biofuels revolution that promised to reduce America’s dependence on foreign oil is fizzling out. Two-thirds of U.S. biodiesel production capacity now sits unused, reports the National Biodiesel Board. Biodiesel, a crucial part of government efforts to develop alternative…

200908.27
Off
0

Cash for Clunkers Fallout

The cash for clunkers program wasn’t much help to the two wards of the state known as GM and Chrysler (via FT): General Motors and Chrysler sales under the US “cash-for-clunkers” car scrappage incentives fell well below the two Detroit carmakers’ recent market shares, according to the government’s final summary of the scheme, which ended…

200908.27
Off
0

Bearish Sentiment Rises in AAII Poll

Bearish sentiment rose in the lates American Association of Individual Investors poll (via Bespoke): According to this week’s survey of the American Association of the Individual Investors (AAII), only 1/3 of investors surveyed are currently bullish, while nearly half (49%) are bearish.  Based on these surveys at least, not everyone is bullish. Bullish sentiment didn’t…

200908.26
Off
0

REITs to Benefit From Commercial Real Estate Problems

REITs have been tapping equity markets and are poised to benefit from the turmoil in the commercial real estate market (via WSJ): REITs are poised once again to pick up the pieces from the commercial-property bust. This year, they have tapped the stock market for nearly $15 billion in new equity and, this month have…