Jack Ablin News
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The number of people in the U.S. who process credit transactions is rebounding, boosted by an increase in lending to governments, businesses and consumers.
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Hedge funds are making the biggest bet against copper on record as global inventories expand to a nine-year high, while concern that Europe’s debt crisis will spread spurred the biggest gain in gold bets since 2008.
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Hedge funds cut bets on a commodity rally to a four-year low on signs of surplus supply in everything from coffee to zinc before Goldman Sachs Group Inc. said prices had fallen too far and investors should buy.
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U.S. stocks advanced, sending the Standard & Poor’s 500 Index to a five-year high, amid better- than-forecast initial jobless claims and housing data.
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China, primed by government spending to boost growth, will need enough copper every month to circle the globe more than 100 times.
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Utility stocks are a better choice for investment income than corporate bonds even though federal tax rates on dividends may be poised to rise, according to Jack Ablin, chief investment officer at BMO Private Bank.
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The 100 wealthiest people on the planet added $380 million to their collective net worth after the Standard & Poor’s 500 Index reached its highest level since October 2007 this week.
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When the housing bubble burst in 2006, U.S. policy makers looked to Japan for clues about what to do -- and not do -- in response. Now their attention is shifting to Europe as America gets set to follow that region with a concerted attack on its budget deficit.
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Jack Ablin, chief investment officer at BMO Harris Private Bank in Chicago, talks about global stocks and investment strategy.
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Shares of gold-mining companies have become a relatively cheap alternative to buying the metal they produce, according to Jack Ablin, chief investment officer at BMO Private Bank.
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