by Jared Fruland
The Dow Jones Industrial Average gained 30.05 points on December 19th, making it the biggest gain for the Dow since 1974, this is probably linked to the increasing progressive stance that the Dow has triumphed over for the past months and increasing consumer spending. My economic tip is to begin buying in the companies listed under the Dow Industrial Average, there's only one way their going, and that is UP!!!
Monday
Boeing Recieves $2,000,000,000 Air Force Deal
by Jared Fruland
Boeing announced today at 6:18 P.M. that it has signed a contract with the U.S. Air Force for $2 Billion U.S. Dollars, in return for 10 new aircraft fighters. What makes this a shook, is not just the huge amount of money, but the switch of companies. Previous years the U.S. Air Force has always contracted McDonnell Douglas Corp. with all their aircraft needs. Shares of Boeing gained 14 cents to $89.70 in aftermarket trading, before dropping $1.14 to finish at $89.56 on the New York Stock Exchange. It will become very interesting watching the market react to this latest news. My guess is that Boeing is on the tarmac and is ready for liftoff.
Boeing announced today at 6:18 P.M. that it has signed a contract with the U.S. Air Force for $2 Billion U.S. Dollars, in return for 10 new aircraft fighters. What makes this a shook, is not just the huge amount of money, but the switch of companies. Previous years the U.S. Air Force has always contracted McDonnell Douglas Corp. with all their aircraft needs. Shares of Boeing gained 14 cents to $89.70 in aftermarket trading, before dropping $1.14 to finish at $89.56 on the New York Stock Exchange. It will become very interesting watching the market react to this latest news. My guess is that Boeing is on the tarmac and is ready for liftoff.
South Korea falling behind Japan
by Jared Fruland
South Korea will likely fall further behind Japan unless it takes steps to become more competitive and less imitative of its larger neighbor. The economic gap is most likely due to Japan's increasing technological advances. South Korea needs to have an economic reavluation of itself, in order to increase the falling economy. South Korea has mainly seen Japan as a major economic competitor. This could be due to Japan's occupancy of S. Korea from 1910-1945. With the increasing economy do you believe that South Korea will overcome the economic stance as second to Japan?
Sunday
Dow Industrial Hits New High
By Jared Fruland
Wall Street extended its advance Friday after reports showed inflation remained tame in November and industrial production rose for the first time in two months amid increased output by automobile makers. The Dow Jones industrial average posted its second straight record close, and the major indexes closed the week with substantial gains. This is great news, because of the increasing advances in the U.S. Economy, we are beginning to see signs of an inflation. Sure we might not be at the point of the 1990's sense of financial well-being, but we sure are getting their. Investors have already pushed the DOW to hits highest point ever. The Standard $ Poor 500 also closed at a new six-year high. However, the NYSE had 6 out of 5 declines on Friday. “I think there is an enormous amount of cash in the whole system,” O’Donoghue said, predicting the run-up in stocks will continue through the end of the year before Wall Street will re-evaluate conditions in the stock market early next year. As also I agree, I believe are market has finally made a significant step in the right direction. No longer are we in a recessive state, now were in a progressive state.
Wall Street extended its advance Friday after reports showed inflation remained tame in November and industrial production rose for the first time in two months amid increased output by automobile makers. The Dow Jones industrial average posted its second straight record close, and the major indexes closed the week with substantial gains. This is great news, because of the increasing advances in the U.S. Economy, we are beginning to see signs of an inflation. Sure we might not be at the point of the 1990's sense of financial well-being, but we sure are getting their. Investors have already pushed the DOW to hits highest point ever. The Standard $ Poor 500 also closed at a new six-year high. However, the NYSE had 6 out of 5 declines on Friday. “I think there is an enormous amount of cash in the whole system,” O’Donoghue said, predicting the run-up in stocks will continue through the end of the year before Wall Street will re-evaluate conditions in the stock market early next year. As also I agree, I believe are market has finally made a significant step in the right direction. No longer are we in a recessive state, now were in a progressive state.
Saturday
UN 2006 Annual Report
by Jared Fruland
I just recently downloaded the UNECSOC 2006 Annual Report on the International Economic Stance and the UN. The Annual Report focuses mostly on the World Trade Organization and the United Nations Conference on Trade and Development. In complete length the report is 141 pages, but is entirely recommended if interested in the economic decisions of the UN in the 2006 fiscal year.
You can access this document by going to the UN's main website, then clicking on main bodies, followed by UN Economic and Social Council. Once there go to the drop down menu labeled "Annual Reports" then click on 2006.
I just recently downloaded the UNECSOC 2006 Annual Report on the International Economic Stance and the UN. The Annual Report focuses mostly on the World Trade Organization and the United Nations Conference on Trade and Development. In complete length the report is 141 pages, but is entirely recommended if interested in the economic decisions of the UN in the 2006 fiscal year.
You can access this document by going to the UN's main website, then clicking on main bodies, followed by UN Economic and Social Council. Once there go to the drop down menu labeled "Annual Reports" then click on 2006.
Pushing Russia into the WTO, Good or Bad?
by Jared Fruland
I was recently on MSN Money Central and one article really caught my attention. It involved the recent developments towards the push for the government of Russia to join the syndicated World Trade Organization. If Russia agreed to join the WTO, it would possibly prevent a Russian Economic Catastrophe. However many factors have kept Russia at a 13 year stand still for membership into the WTO. Polonium poisoning, assassinations, blackmail campaigns, and disputes have all kept members of the WTO to turn an eye away from Russia. This week the WTO meets again and after 13 years they are deciding whether or not to approve the membership of Russia into the WTO. Membership into the WTO for Russia is crucial to keep a stable economy.
I was recently on MSN Money Central and one article really caught my attention. It involved the recent developments towards the push for the government of Russia to join the syndicated World Trade Organization. If Russia agreed to join the WTO, it would possibly prevent a Russian Economic Catastrophe. However many factors have kept Russia at a 13 year stand still for membership into the WTO. Polonium poisoning, assassinations, blackmail campaigns, and disputes have all kept members of the WTO to turn an eye away from Russia. This week the WTO meets again and after 13 years they are deciding whether or not to approve the membership of Russia into the WTO. Membership into the WTO for Russia is crucial to keep a stable economy.
Subscribe to:
Posts (Atom)
