| Anti-debt guru doles out makeovers
On the radio, Dave Ramsey dispenses financial advice with down-home charm, endlessly advising listeners to get out of debt and start saving money. Ramsey built a real estate portfolio worth millions by the time he was 26, then lost everything and declared bankruptcy. That spurred him to change the way he looked at his own finances and eventually to preach the gospel of fiscal discipline to the world. He'll be at World Arena presenting his "Total Money Makeover" live at 1 p.m. Saturday. His radio show is 9 to 11:45 a.m. weekdays on KRDO (105.5 FM and 1240 AM). Question: Are people scared about the economy? Answer: Some are, but it's mainly because they're watching the news.
Market Forecaster: Corn remains bullish with producers planning less acres
Corn closed the week 51.75 cents lower. This week's export sales report showed 30.7 million bushels of corn was sold last week, in line with trade estimates. Despite the bullish fundamentals for the corn market, the corn trade was under considerable pressure this week from commodity wide speculative selling. The selling was led by the commodity and hedge funds who were forced to limit their bullish positions (liquidate longs) by lenders who either pulled their credit lines or called the loans due.Fundamentally, corn remains bullish with most of the trade believing U.S. producers will be planting at least 6 million less acres of corn this year and as much as 10 million less corn acres is possible. Any amount of acres less than last year will be bullish for the market. The USDA will give us their updated estimate in the March 31 report, which has the potential to be a fundamentally bullish event.In the upcoming week, look for the commercial traders to buy weakness as they will fear smaller seeded acres and late plantings this spring could propel corn values sharply higher this spring and summer.Recommendations:Hedgers: Buy July puts on 100 percent of 2007 production on a close below $5.14 July.
Taiwan Stocks Called Lower Again
(RTTNews) - The Taiwan stock market has closed lower now in two straight days, thanks to heavy profit taking from the winning streak that stretched over the preceding five sessions. Now, the Taiwan Stock Exchange could be headed to the downside once again when it opens for business on Thursday. The market had soared ahead of the presidential election this past weekend that saw the popular Ma Ying-jeou win in a landslide. Now, regional sentiment suggests that most of the Asian markets will decline in Thursday's trade, thanks in part to weak economic data out of the United States and the ensuing poor session on Wall Street. The market was slightly lower on Wednesday as investors continued to lock in gains from the previous positive sessions. Persistent concerns over a recession in the U.S.
Real Estate Uncertainty Sparks Boom
With interest rates rising, the share market falling and uncertainty plaguing the real estate market, real estate agencies and franchise groups are spending more money on relatively affordable online advertising. This shift is bringing new revenue to popular New Zealand real estate website—allrealestate.co.nz. According to US-based classified advertising expert Peter Zollman, executive editor of the Real Estate Advertising Report, a similar shift is taking place in the US, where the economy has been troubled for several months. .
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