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Money

Wall Street Prediction: Is grain a good buy right now?

Wall Street Prediction: Is grain a good buy right now?
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

The president and CEO of Sica Wealth Management in Morristown, which manages almost $1 billion in assets, is predicting a 15% decline in stock prices by the end of the summer. He also predicts a recurrence of the horror known as stagflation – the economy will be mired in the dumps while inflation rears it ugly head.

He’s investing in energy, commodities like grain, and very, very short-term bonds.

Jeffrey C. Sica, who spent 20 years with Wells Fargo (and its predecessors), is a top-down investor. He looks at broad trends, especially where demand seems to be overwhelming supply. Not for him the study of price-earnings ratios and other fundamentals. For example, he sees the dollar declining and remaining weak, and therefore investors turning to precious metals and base metals. But his favorite commodity seems to be grain: There’s a growing shortage, he reports, in large part because of the toll that the recent miserable weather has wreaked on our supply.

 

N.J. Assemblyman DiCicco introduces bill to lure Asia-based companies

N.J. Assemblyman DiCicco introduces bill to lure Asia-based companies

Would help them escape energy costs

Assemblyman Domenick DiCicco (R-Gloucester) has introduced legislation intended to help New Jersey capitalize on Asia-based companies that are struggling to cope wit...

N.J. Consumer Affairs sting bags 25 unlicensed movers

N.J. Consumer Affairs sting bags 25 unlicensed movers

They face fines of up to $2,500

25 unlicensed moving companies have been hit with fines of up to $2,500 each, as part of an undercover initiative targeting unlicensed and uninsured movers, the state Di...

Former VP of Citigroup, Gary Foster, pulled off ultimate inside job in $19M theft

Former VP of Citigroup, Gary Foster, pulled off ultimate inside job in $19M theft
BY ALICIA CRUZ
NEWJERSEYNEWSROOM.COM

An Englewood Cliffs man surrendered to federal authorities at John F. Kennedy International Airport Sunday accused of siphoning approximately $19.2 million from vari...

Hamptons billionaire leaves behind $100M ATM receipt

Hamptons billionaire leaves behind $100M ATM receipt
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Those ATM service charges can be brutal.

A receipt was left behind by a customer after he finished a transaction at a Capital One Bank in East Hampton Village on June 18...

Is your money-market fund safe?

Is your money-market fund safe?
BY GERALD J. ROBINSON
NEWJERSEYNEWSROOM.COM

Lately it's beginning to worry many.

The reason: money-market funds seeking to boost returns hold large quantities of European bank debt. In fact, it’s reporte...

N.J. foreclosures down but could be calm before deluge

N.J. foreclosures down but could be calm before deluge
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Foreclosure filings are down 86 percent in 2011 from last year in New Jersey, but housing attorneys fear this is only the calm before the deluge.

Lenders will be looking...

What to do if you get a good stock tip

What to do if you get a good stock tip
BY WARREN BOROSON 
NEWJERSEYNEWSROOM.COM 
BOROSON ON MONEY

You get a stock tip from someone whose opinion you respect. What research should you do before actually buying that stock?

Of course, b...

Furloughs not enough to keep a profitable Gannett from cutting more newspaper jobs

Furloughs not enough to keep a profitable Gannett from cutting more newspaper jobs

36 of 700 positions lost in New Jersey

BY ALICIA CRUZ
NEWJERSEYNEWSROOM.COM

More than 20,000 Gannett Co. employees received a memo from U.S. newspapers division President Bob Dickey announcing the layoff...

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