English Potash Mega-Deal Averted; Department of Justice Has Bank of America in its Sights; Handicapping the Three Fed Finalists

Eagle Eye Opener

English Potash Mega-Deal Averted, Price Commodity Now Controlled by You (Bloomberg)

England’s first new potash mine in 40 years is drawing a ton of attention. Much of it is due to Russian billionaire Suleiman Kerimov’s company, OAO Uralkali, which recently withdrew from an enormous marketing venture. With the Uralkali marketing deal washing up on the rocks, analysts and investors alike expect to see potash prices move significantly higher.  But more importantly, when Kerimov’s deal was withdrawn, it ended a process which would have ultimately ended up with the majority of England’s potash being owned by a handful of companies and prices being set for years to come. Now, the price for potash will be controlled by the buying-and-selling whims of individual investors like you and me.

Department of Justice Has Bank of America in its Sights (New York Times)

It’s beginning to look a lot like 2008 again… At least that’s one conclusion you could draw as another of the bank/brokerage house combos formed during the crisis of 2008 comes under fire. This time around, Merrill Lynch, owned by Bank of America, is being looked at for questionable loans that came about after B of A’s acquisition of Countrywide Financial. Apparently, Bank of America’s due diligence prior to acquiring Countrywide failed to recognize severity of Countrywide’s poor-quality loan portfolio. So when it came time to bundle those loans and sell them, the resulting loan packages were nearly as toxic as those that got the industry into trouble in the first place.

Handicapping the Three Fed Finalists… (YahooFinance)

President Obama has narrowed down the list of candidates to replace Fed Chairman Ben Bernanke when his current term is up at the end of January. The final three candidates are Larry Summers, a former Fed head in the Clinton Administration; Janet L. Yellen, current vice chairman of the Fed and the odds-on favorite for the position; and Donald I. Kohn, a former Fed vice chairman who could become a compromise choice. Of the three, Summers seems to be the most polemic… as evidenced by the heated debates about his candidacy recently. In fact, the attacks levied against Summers have focused on his brusque and bullheaded nature. If this race comes down to matching the job with the right personality, then it may end up Mr. Summers gets the nod, as many observers contend his bullheadedness is exactly what Fed needs.

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 (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, DividendInvestor.com 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