Americans Eating their Way Back to Fiscal Health?; Chinese Investor Behaves Oddly; Green Wave Lifts Markets

Eagle Eye Opener

Americans Eating Their Way Back to Fiscal Health? (CNBC)

Americans spent some $45.9 billion on dining out in April of this year, according to the U.S. Census Bureau. That total is a $200-million increase from the previous monthly high set in December of last year. Given the ongoing concern about the economy and whether or not government stimulus is actually pulling the United States out of its malaise, this figure came as a bolt out of the blue for some restaurateurs. Ryan Lowder, chef at one high-end Utah eatery, was quoted as saying, “Last month was a shock.” But here’s the thing, 49 percent of Americans surveyed said they were not going out to eat as much as they like. However, people who are going out seem prepared to spend more than ever before. These restaurant figures back up a recent Gallup Poll finding that only 41 percent of Americans are spending less money than before. So, does this situation mean the United States will eat (and spend) its way back to economic health?

When Not to Follow Insider Buying (YahooFinance)

One of the best signs for an impending share-price increase is when corporate officers or insiders load up on their own shares. Combine this buying with an increasing demand for a limited supply of the shares and you have the makings of a classic run-up, right? Not with shares of Fiat (F-IT), especially when the buyer is trying to single-handedly reduce the supply of one of the company’s most popular and expensive sports cars — the Maserati Quattroporte. Twice in the last two years, a wealthy Chinese “investor” has purchased models of this car (costing him around $270,000) and had them smashed with sledgehammers. One report claims it is his way of protesting poor customer service, but savvy investors also may recognize the classic traits of insider buying to push up company stocks. With Fiat’s share price barely moved during each incident, perhaps the wealthy Chinese businessman is merely the world’s worst inside buyer.

Exclusive  Reject This Game of Thrones

The Week Set to End on Green Wave (Bloomberg)

U.S. stock futures are up this morning, even before the figures are announced for the index of leading indicators. The index is expected to have climbed .2 percent in April, which seems to be enough to let U.S. markets finish the week in the green, despite some data falling short of forecasts and rumor that the Federal Reserve may begin to pull back on quantitative easing (QE). Asian markets certainly assumed the optimistic pose, with Japan’s Nikkei 225, Hong Kong’s Hang Seng and Shanghai’s Composite all finishing the session up less than one percent. Europe’s also running with that idea, with England’s FTSE up .23 percent, Germany’s DAX ahead .15 percent and the STOXX 50 Index advancing .23 pe

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor