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Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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News Analysis for the Investor on Nov. 28, 2011

US Futures up due to strong retail sales and European debt talks

| BY Catherine McBreen

US futures up based on rumors of bold European plan and strong retail sales over weekend

US futures are up in early trading based  upon a round of proposals from Europe to stop the euro zone debt crisis and a successful holiday shopping weekend in the US, according to Reuters.  Last week the market was down 4.8 percent.  Apparently Germany and France are developing a bold plan to integrate euro zone countries to impose tighter budget control. Additionally, the IMF has apparently offered a bail out plan for Italy. Yet IMF officials deny the report that up to 600 billion euros are to be made available for Italy.  President Obama is expected to add pressure to the situation as well.  Expect another interesting week in the markets.  CNBC reports that Asian shares are rebounding due to bargain hunting.  European markets are also up.

Best Buy is a Black Friday winner

Best Buy is being lauded as one of the early holiday winners, according to Reuters. The electronics company was one of the retailers that opened its doors at midnight on Thanksgiving and focused on having low prices on TVs.  Overall, shoppers will have spent a record $52.4 billion, up 16.4 percent from 2010, according to the National Retail Federation, conducted by online research over the weekend.  The top five online retail sites saw double digit gains in visitors compared to last year.  Those sites include Amazon, WalMart, Best Buy, Target and Apple.

Slow down anticipated in Chinese economy

The official Purchasing Managers Index will be released this week and the markets are awaiting whether the Chinese index will fall below the 50 mark.  A 50 or above indicates an economy  is growing while 50 and below indicates contraction.  The Wall Street Journal reports that in October China registered a 50.4. Last week a purchasing managers index sponsored by HSBC indicated that Chinese manufacturing output was falling.  The sample sizes in the surveys vary and sometimes allow for different results.  China may try to fine tune many of its policies dependent on the outcome this week.

Chinese to invest in rebuilding UK infrastructure

The China Investment Corporation will invest $410 billion from its sovereign wealth fund to rebuild the UK’s infrastructure, according to the Financial Times.  In return, China will seek stable and sound financial returns.  It is believed that infrastructure investments are seen as having less volatile returns than investing in the markets.  The investment will be in new roads, railroads, and energy prospects.  A new high speed rail will link London to the northern part of England.

Moody’s downgrades Hungary to junk, threatens downgrade of all European sovereigns

On Thursday Moody’s Investors Services downgraded Hungary’s credit rating to below investment grade, or junk, a week after the country asked the IMF to help it maintain investment grade, according to the New York Times.  Moody’s warned that the outlook for the economy was subject to slower growth and a weakening economy. The risks are greater due to the fact that two thirds of the government debt is held by European countries having their own troubles.  Today Moody’s warned that the escalation of the euro zone debt and the banking crisis threatens the standing of all European governments, according to Reuters.

Sears threatens to move its headquarters away from Illinois

A critical vote in the Illinois legislature this week will determine whether Sears chooses to have its headquarters remain in Hoffman Estates, Illinois or move to one of the many other states that are courting the corporation. Sears employs 6100 employees at its main offices and supports 9,000 ancillary jobs in the area, but Illinois raised its corporate income tax from 7.3 percent to 9.5 percent and Sears, along with other major Illinois employers, has been trying to decide whether to move elsewhere.  Illinois has a 10 percent unemployment rate and an $11 billion deficit.  Legislation has been proposed to extend tax breaks to Sears as long as it continues to employ 4,250 individuals in Illinois and repays the money if it chooses to leave Illinois. 



About the Author


Catherine McBreen



Catherine S. McBreen is President of Millionaire Corner.  McBreen plans and develops content for Millionaire Corner.  Catherine balances editorial content to meet the informational needs of both new and seasoned investors.  She designs special monthly surveys on topical issues affecting the economic environment.

McBreen has a B.S. in speech communications from Northwestern University and a J.D. from DePail University College of Law.  She is a member of the American Bar Association, the Illinois Bar Association, and the Chicago Bar Association.

Well-known for her expertise in the affluent and retirement arenas, McBreen is a frequent speaker at industry conferences.  She has been quoted widely by the financial media, including The Financial Times, The Wall Street Journal, Research, Private Asset Management, On Wall Street, Reuters, Bloomberg News, The Dow Jones Newswires and Worth.  Cathy has appeared as a guest on CNBC Closing Bell, First Business Morning News, Neal Cavuto at Fox Business News, ABC and CBS radio.

McBreen is co-author with Spectrem President George H. Walper, Jr. of the book "Get Rich, Stay Rich, Pass It On: The Wealth-Accumulation Secrets of America's Richest Families" (Portfolio, January 2008)

Catherine is the mother of four and is involved in many school and community events.