The Bottom Line
Cut to the chase, my brother, and speak on it.
The Minyanville.com take on news, commentary and opinion from around the world:
- First, more Port commentary: "Jeepers! That was close. Without the timely warnings of U.S. politicians such as Hillary Clinton, those sneaky Arabs would have gotten away with it, too. Dubai Ports World would have bought P&O. And the next thing anyone knew, Iraqi insurgents would have overrun the blue crab eateries of Baltimore," writes Jonathan Guthrie in the Financial Times.
Bottom Line: Where was the outrage when Dubai International Capital bought a $1 bln stake in DaimlerChrysler (DCX) or when Investcorp of Bahrain bought Tiffany's (TIF) and Gucci?
Photo courtesy Department of Blingland Security
- India's US$6 billion poultry sector is bracing itself for the worst as fears of bird flu grip the country. Already more than a million chickens have been culled and sales have dropped by 90%, reports the Asia Times.
Bottom Line: Short Lamb Vindaloo, Long Tandoori Chicken as Avian Flu panic subsides.
- Individual investors are putting more money into stock markets, the Wall Street Journal says. The number of trades by individual investors jumped an estimated 30% to 40% in January from December. And despite yields of as much as 4% or even higher, assets in money-market mutual funds were up only $4.1 billion last month compared with average January inflows of $33.4 billion for the past 10 years, according to iMoneyNet.com.
Bottom Line: "The public can never catch up to the form – or the game ceases." - Robert L. Bacon, "Secrets of Professional Turf Betting"
- Meanwhile, taking a peek inside the household checking account, the Federal Reserve's own Survey of Consumer Finances for 2004 discovers that after inflation (which is well contained) the average income of American families declined by 2.3% in 2004 compared to 2001 while net worth rose at a slower pace.
Bottom Line: Fed finds there is simply too much week left over at the end of consumer paychecks. Possible solution: Fed could shorten week by 10% for net gain in consumer income of 6.7%! It's that easy.
- So Donald, like, totally defended Martha when people were saying mean things behind her back while she was in prison? Then, when she got out he, like, just totally gave her a television show? But it was really gross? And nobody watched it? And she, like, didn't even say thank you or anything when she was released on parole and blames Donald, for, like, making her show bad too? I mean, whatever. He was so totally justified in calling her a moron.
Bottom Line: Celebrity Gossip, you're tired.
The Donald and Martha, in happier days...
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