8. November 2009 by Dan Walkow, CFA, CMT.

There was a new tax break for corporations enacted for corporations in the USA this past Friday which extends the time a company can carry back its losses from two years to five years.

This works out to hundreds of millions of dollars courtesy of American tax payers.

Ironically enough some of the primary corporate beneficiaries are real estate companies who over built in the first place. I guess it is good to have friends in high places…

Read more here.

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8. November 2009 by Dan Walkow, CFA, CMT.

A ballooning U.S. budget deficit and escalating government debt has made the dollar currency non grata in many quarters once again. An index that measures the greenback’s value against a basket of major currencies, including the euro and yen, has fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground.

Harvard historian Niall Ferguson says the dollar could slide by as much as 20% on a trade-weighted basis over the next 12 months. The process may be protracted, he argues, but the dollar is dying. In 10 years’ time, he said in October, “it won’t be such a dollar-dominated world. I’m sure of that.”

Read more: http://www.time.com/time/business/article/0,8599,1935868,00.html#ixzz0WEaqkNNU

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