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intenews posts

SocGen's proposed portfolio for a global economic collapse

Posted Nov 19th 2009 11:10AM by Melly Alazraki (RSS feed)
Filed under: International Markets, Market Matters, Economic Data

French bank Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, The Telegraph reports.

In a 68-page report titled "Worst-Case Debt Scenario," SocGen explains that the rescue packages over the past year have merely transferred private liabilities onto government shoulders, creating a fresh set of problems. Debt levels, public or private, are too high as a share of GDP. The deleveraging process will take years.

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InTrade's electoral college vote predictor sees: Obama, 364, McCain, 174

Posted Oct 23rd 2008 1:57PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Politics, Presidential Elections

Stock, oil and related futures provide valuable clues for investors/readers concerning where these market / commodities are headed.

With the above as background, Intrade.com's futures for the 2008 U.S. presidential election currently predict a decisive victory for U.S. Sen. Barack Obama, D-Illinois, over U.S. Sen. John McCain, R-Arizona.

InTrade's Realtime Electoral Vote Predictor is projecting an electoral college vote total of: Obama 364, McCain, 174. A candidate needs 270 electoral votes to win the presidency.

Futures for Obama win are high

Futures on an Obama win are at 86.4. The 86.4 level means that the market predicts there is an 86.4% chance of this event happening. All Intrade markets trade between 0 and 100.

Futures on a McCain win are at 14.4, signaling that the market believes there's a 14.4% of McCain winning the election.

Continue reading InTrade's electoral college vote predictor sees: Obama, 364, McCain, 174

Archer Daniels (ADM) second-quarter profit rises on strong demand

Posted Feb 4th 2008 10:40AM by Eliza Popescu (RSS feed)
Filed under: Earnings Reports, Good news, Archer-Daniels-Midland (ADM), Commodities, Agriculture

Shares of food processor Archer Daniels Midland Co. (NYSE: ADM) are slightly lower this morning after the company posted a rise of 7% in its second-quarter profit, but missed analysts' earnings estimates.

The company said its profit increased during the second quarter as the company benefited from higher volumes and selling prices. Strong earnings from oilseed processing and higher feed grains demand helped ADM offset lower ethanol business margins.

Archer's profit climbed to $473 million, or 73 cents per share. These numbers are up from $441 million, or 67 cents per share, in the same period a year ago. Analysts, on average, expected the food processor show earnings of 74 cents per share.

The world's largest producer of corn-based ethanol also announced a respectable jump of 50% in revenue to $16.5 billion, up from $10.98 billion a year earlier. Sales during the period were helped by higher commodity prices, such as feed grains, wheat and corn. Analysts had forecast $12.75 billion in revenue, according to Thomson Financial.

Continue reading Archer Daniels (ADM) second-quarter profit rises on strong demand