The Market That's Hotter Than China

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View This Message on the Web October 23 It's the World's Hottest Market – And it Isn't China By Martin Hutchinson Contributing Editor Money Morning Which global economy grew at an annual rate of 11% in the second quarter, and will report a second-consecutive double-digit advance when it reports on Monday? Hint: It isn't China. But you are looking in the correct part of the world. The economy in question is South Korea, which has enjoyed an astonishing rebound since it reached a recessionary bottom last winter. One factor in particular should nurture this rebound: The Korean economy wasn't pulled down by the U.S.-led subprime mortgage crisis, which infected many foreign banks that invested in mortgage-backed securities – the Asian Tiger was pole-axed by a collapse in world trade in the first three months of this year. Read Full Article » The mad rush for ONE company Imagine "prospecting" for gold... but knowing exactly where the biggest deposits are. You'd make a king's ransom. Investors in "the 3rd element" know what that feels like. We already know the ONE company with 30% of the world's best reserves. We already know the ONE company that's cornered 50% of the world market. We already know this ONE company just got $29 million from the government just for producing the 3rd element. And Horacio Marquez knows why this ONE company could turn every $10,000 into as much as $290,400 before it's through. But you'll have to hurry: We've almost passed our maximum entry point. Horacio gives you the full story here... Sponsored content Why the Dollar's Rebound Will Be Short-Lived By Jason Simpkins Managing Editor Money Morning The dollar yesterday (Thursday) rallied from 14-month low against the euro, but that rally will be short-lived as U.S. monetary policy is likely to remain loose, even as other central banks raise interest rates. A recovery of investor risk appetite has slammed the dollar in recent months, driving the currency to a rate of $1.5017 against euro on Wednesday, compared with $1.25 in March. But yesterday, analyst Dick Bove's downgraded outlook for Wells Fargo & Co. (NYSE: WFC) and China's less-than-stellar third-quarter growth spurred a greenback recovery. The euro fell as low as $1.4944 against the dollar in early morning trading, as investors became more skeptical of the global economic recovery. Still, many analysts believe... Read Full Article » Investment News Briefs With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. House Committee Passes Consumer Protection Bill; Treasury: Numerous Fraudulent Claims for Housing Credit; McDonald's Lovin' It in Europe; AT&T Profit Dips Slightly; P&G May Buy Sara Lee Division; Nokia Sues Apple Over Technology Used in iPhone; Netflix Profit Soars 48% The Obama administration's proposed Consumer Financial Protection Agency gained momentum yesterday (Thursday) after it won a key approval from the House Financial Services Committee in a 39-29 vote to the chagrin of banks and businesses. “The Committee vote today is a rifle shot at abusive financial practices, not a shotgun blast that would hit community banks making an honest living from fair lending practices,” said U.S. Rep Brad Miller, D-NC. “It's no surprise that the lenders with the worst practices are still fighting tooth and nail against this bill.” Obama lauded the decision The Internal Revenue Service has identified 167 suspected criminal schemes and almost 107,000 civil violations of the U.S. government's first-time buyer housing tax credit as of Sept. 30, The New York Times reported, citing a Treasury Department report. Some of the suspected abuses of the popular $8,000 credit may be simple errors, but some were not – such as claims for children as young as 4 years old, government officials said. It's unclear whether this will affect the attempts of some legislators' efforts to have the credit extended beyond its Nov. 30 expiration. Strong global sales helped McDonald's Corp. (NYSE: MCD) report a 6% jump in profit in the third quarter ended Sept. 30. The company's net income grew to $1.26 billion, or $1.15 per share, compared to $1.19 billion, or $1.05 per share in the same period last year. McDonald's saw its same-store sales grow the most in Europe with a 5.8% gain, a 2.5% gain in the United States and a 2.2% increase in Asia/Pacific, Middle East and Africa. Its new third-pound Angus burgers as well as increasingly popular McCafe drinks fueled its growth in the United States, the company said. AT&T Inc.'s (NYSE: T) profit dropped slightly as consumers continued to cancel their traditional landline phones in favor of cell phones. The company added 2 million wireless subscribers, as well as 3.2 million new activations of Apple Inc.'s (Nasdaq: AAPL) popular iPhone. The company's net income fell 1.2% to $3.19 billion, or 54 cents per share in the quarter ended Sept. 30, compared to a profit of $3.23 billion, or 55 cents per share in the same period a year ago. The Procter & Gamble Co. (NYSE: PG) is in talks to buy part of Sara Lee Corp.'s (NYSE: SLE) international household products unit, Bloomberg News reported, citing people familiar with the discussions. P&G is primarily interested in Sara Lee's air-care business, comprised of Ambi Pur air fresheners, the people said. Sara Lee began selling its non-food divisions earlier this year when it sold its personal care business to Unilever PLC/AG (NYSE ADR: UL, UN) in a $1.9 billion deal. Sara Lee's air-care unit made up about 20% of its household and body-care segment's $2.03 billion in sales last year. Nokia Corp. (NYSE ADR: NOK), the world's largest cell phone maker, is suing Apple Inc. (Nasdaq: AAPL), claiming it illegally used 10 of its patented technologies to make the iPhone. Nokia claims Apple illegally used its patents for wireless data, speech coding, security and encryption to make the iPhone work on GSM, UMTS or Wi-Fi networks. Nokia has invested more than $60 billion (40 billion euros) in the last 20 years to develop the technologies, which it has licensed to 40 leading mobile phone makers, it said. The Finland-based company decided to file suit after failing to come to terms with Apple over a licensing agreement, a Nokia executive told The New York Times. DVD rental e-store Netflix Inc. (Nasdaq: NFLX) saw its third quarter profit balloon 48% and the company bumped up its estimate for its total subscriber base for the full year. Netflix's profit rose to $30.1 million, or 52 cents per share, compared to a net income of $20.4 million, or 33 cents per share in the same period last year. The company now expects to have between 12 million and 12.3 million subscribers by the end of the year, up from a previous estimate of between 11.6 million and 12 million. Read Full Article » Money Map Report Login » Earn 2-7 Times Your Money with "Game Changing" Stocks The key to funding your retirement is finding the "game changers" - those companies poised to be the "Microsofts" or "Walmarts" of the future. We've identified five unknown companies we predict will be household names in just a few years... and each one could give you the opportunity to earn over 200%. Click here for the full report. What is 'the third element'? 10/22/2009 Microsoft Releases Windows 7, Opens First Retail Store 10/21/2009 Land of Rising Debt: Falling Tax Revenue Forces Japan to Sell More Bonds 10/21/2009 Galleon Insider Trading Scandal Rocks Investors & Technology Giants Feature Why Did These Companies Cream the S&P 500? See More » The Week Ahead October 20 Housing Starts (09/09) PPI (09/09) October 21 Fed Beige Book October 22 Initial Jobless Claims (10/17)   Leading Eco. Indicators (09/09) October 23 Existing Home Sales (09/09) Worth Considering How to Read an Executive's Mind Buy, Sell, or Hold? by Horacio Márquez Insights on Income by Martin Hutchinson Inside Wall Street? by Shah Gilani When and How the U.S. Economy Will Recover Three Big Reasons Oil Prices Will Rally Back Big Time Alternative Energy Asia Commodities Europe Global Markets Gold/Precious Metals Oil Real Estate Technology U.S. Economy

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