The Bottom Line
The daily Minyanville take on news, commentary and opinion from around the world:
- Bottom Line: Nearly half the world's population (2.8 billion) survives on less than $2 a day, according to the UN. Caterpillar CEO now scaling back anticipations of potential customer pool.
Bloomberg columnist John Wasik writes that last year's government-reported inflation rate of 3.4% is quite accurate... if one leaves out a few minor things such as actual housing costs, home maintenance and property taxes, health care costs and college tuition. "Last year, health-insurance premiums alone climbed 9 percent, according to the Kaiser Family Foundation," more than three times the growth in workers' earnings and two-and-a-half times the rate of inflation.
- Bottom Line: Time to get a new wallet!
The Radio Flyer Hyper2007 Men's Wallet (shown in red)
Finance ministers from the Group of 7 industrial nations are meeting in Washington on Friday, reports the International Herald Tribune. Absent from the economic talks will be China, Russia, India and Brazil, which are not members of the G7. While the current makeup of the G7 leaves out two of the three most powerful engines of future global growth - China, India and the U.S. are expected to account for half of the world's future growth - John Taylor, former U.S. Treasury under secretary for international affairs, says the G-7 is still "a very useful group for getting things done," the article says.
- The Bottom Line Presents: Other Things Which Are Still Very Useful for Getting Things Done According to Former Treasury Under Secretary John Taylor!
Other Things Which Are Still Very Useful for Getting Things Done
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter