Steve Case (AOL’s co-founder) quit the company’s board – it’s definitely because the company will be sold, and he won’t have much power over it anymore. Who’s buying though?
Putin will be out of Russia in 2008, clearing the way for a business-oriented Head of State. New opportunities will arise; as their economy gets revamped to better compete in the global economy.
The economy and inflation in the U.S. is getting so tough, that more college graduates and professionals need two jobs just to cover their monthly expenses – especially in big cities near the coasts.
Credit Card companies are going for small purchases and tiny transactions (of even less than $5.00); more profits from fees and increasing interest rates!!
(Poor consumers, they really don’t have a clue of the game that’s being played out here).
Japanese Institutions and investors have learned from their past mistakes, and are concentrating on smaller (yet smarter and more profitable) overseas acquisitions. (Good article on WSJ pg. C-4, 11/01/05).
Now changing gear, the market overall has been bearish during the last month or so, but investors are expecting a late surge in the 4th quarter – driven mainly by the profitable large caps (particularly those in the Defense sector), basic materials (steel, coke, lumber, etc.) energy (oil drilling and refinery companies, natural gas, coal), and innovative tech companies; everything else will not have a good Christmas, particularly those companies relying in discretionary consumer spending. The people’s discretionary funds are diminishing as inflation continues to cut into their money.
And finally, your favorite sector: Real Estate, the bubble is basically here, as people desperate for cash are beginning to list their properties “for sale,” but nobody is buying. The bubble will not be nationally because of the re-building that’ll be done in the south – as a result of the hurricanes; but, otherwise, everywhere else things are not looking good at all. So, ’06 will be a very tough year for those who didn’t prepare and planned ahead.
Tough times are here, so get ready!!!
GX
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