City Finances, U.S. Jobs, Obama Inheritance

Dec 22 2010

Published by Ian R. Campbell at 8:52 am under Base Metals,Commodities,Economic Commentary,Oil,Precious Metals,Stock Research,StockResearchPortal.com see Legal Disclaimer.

Note: Today I have added a new Press Release Feature to my e-mails. Toward the end of this e-mail you will find a table of companies in Stock Research Portal’s ‘Company Universe’ that issued Press Releases yesterday where the share prices of those companies increased from the previous day’s close by more than Cdn$0.05, by more than 10%, and whose share volumes yesterday exceeded their trailing 3 month average trading volume. You can research each of these companies by clicking on the link provided above the table. That link will take you to an identical table in the Stock Research Portal website where you can access research data on those companies by clicking on the company names in that table. I hope you find this new feature valuable.

City Finances

An article Monday titled ‘$2tn debt crisis threatens to bring down 100 US cities‘ references the CBS 60 minute segment I included in Monday’s e-mail. It also discusses select European cities experiencing ‘creditor issues’. I think this article is worth reading and thinking about in the context of the near-term economic outlook for U.S. and some Eurozone cities – reading time 4 minutes.

U.S. Jobs

A recent article titled ‘Need A Job? Too Bad! The Good Jobs Are Being Shipped Out Of America As Part Of The New One World Economy‘ is an interesting ‘summary read’. If you have been reading my e-mails regularly you will recognize a common theme. However, there is more detail in this article than I generally put in what I write, including a video interview of Donald Trump expounding on the U.S. debt situation and its ongoing direct and indirect borrowing from China. From my perspective the views Trump expresses are overly simplistic and fail to consider the inflation that would settle upon the American consumer if his suggestion of taxing imports was followed. In any event, I suggest you listen to what he has to say and ‘reach your own conclusions’. I suggest you read this article and think about the statistics it quotes, and then listen to Trump – reading time 5 minutes, listening time 4.5 minutes.

Obama Inheritance

A recent article titled ‘Most Still Think Obama Inherited Economic Woes‘ – reading time 1 minute – says that about 66% of Americans believe President Obama inherited most of the country’s current economic problems, just over 20% believe those problems have resulted from his policies, and about 14% think it is either ‘some of both’ or ‘are unsure’. From my perspective, it is almost certainly ‘some of both’, but with a very heavy weighting in the ‘some of both’ equation to ‘inherited problems’. I am actually quite surprised that about two-thirds of Americans attribute the problems to previous administrations, and think that is both a realistic and a positive sign that the majority of the American population (as I see it) ‘has it more right than wrong’ on this score.

Additions to Stock Research Portal’s ‘Company Universe’

Yesterday we added the following Companies to our Company Universe:

CanElson Drilling Inc. (TSXV:CDI). We currently categorize CanElson Drilling Inc. as an Oil & Gas Services company operating principally in Canada (Alberta), with operations in Mexico and the U.S. (Texas). CanElson Drilling Inc.’s current market capitalization is approximately Cdn$208 million. Review research data on CanElson Drilling Inc.

Goldgroup Mining Inc. (TSX:GGA). We currently categorize Goldgroup Mining Inc. as a gold explorer operating principally in Mexico. Goldgroup Mining Inc.’ s current market capitalization is approximately Cdn$110 million. Review research data on Goldgroup Mining Inc.

Malbex Resources Inc. (TSXV:MBG). We currently categorize Malbex Resources Inc. as a gold explorer operating principally in South America (Argentina). Malbex Resources Inc.’ s current market capitalization is approximately Cdn$55 million. Review research data on Malbex Resources Mining Inc.

Saccharum Energy Corp. (TSXV:SHM). We currently categorize Saccharum Energy Corp. as an oil & gas explorer and producer operating principally in Canada (Alberta). Saccharum Energy Corp.’ s current market capitalization is approximately Cdn$19 million. Review research data on Saccharum Energy Corp.

Disclaimer: I currently own no shares in these companies, have done very limited recent research on any of those companies, and am not recommending you either buy or sell their stock. None currently are paid advertisers on Stock Research Portal.

Yesterday’s Press Release Highlights

The following table summarizes the companies in Stock Research Portal’s Company Universe who yesterday issued Press Releases and whose shares increased in price from the previous day’s close by more than Cdn$0.05, more than 10%, and whose share volumes yesterday exceeded their trailing 3 month average trading volume. Review research data on each of these companies here.