5 Charts of This Week’s Investment News

Lou Basenese submits:

If you weren’t with us last week, every Friday I’m embracing the old adage, “A picture is worth a thousand words.”

As such, I’m selecting five graphics that put the week’s investment news into perspective – and pictures – for you. In short, it’s goodbye to longwinded commentary and hello to easy-to-understand visuals, with some quick-hit observations…


The End of America is Nigh!

The gloom-and-doom crowd has banged the drum on this one for years: America’s global economic dominance is about to end.

This week, the International Monetary Fund went a step further by officially setting a date for this changing of the guard.

Based on purchasing power parity (PPP), China’s economy should overtake America’s as the world’s largest by 2016.

Skeptics caution that using PPP to calculate the transition date is too aggressive. However, there are more “accurate” calculations that still point to a transition… except not until 2030.

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Energy XXI (Bermuda) Limited’s CEO Discusses Q3 2011 Results – Earnings Call Transcript

Energy XXI (Bermuda) Limited (EXXI)

Q3 2011 Earnings Call

April 28, 2011 10:00 am ET

Executives

Stewart Lawrence – Vice President of Investor Relations and Communications

David Griffin – Chief Financial Officer

John Schiller – Chairman and Chief Executive Officer

Analysts

Phil Dodge – Stanford Financial Group

Ronald Mills – Johnson Rice & Company, L.L.C.

Eric Anderson – Analyst

Joseph Bachmann – Howard Weil Incorporated

Dan Chandra – Brevin Howard

Jeffrey Hayden – Rodman & Renshaw, LLC

Duane Grubert – Susquehanna Financial Group, LLLP

Richard Tullis – Capital One Southcoast, Inc.

Michael Bodino – Global Hunter Securities, LLC

Unknown Analyst –

Steven Karpel – Credit Suisse

Andrew Coleman – Madison Williams and Company LLC

Nicholas Pope – Dahlman Rose & Company, LLC

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Energy XXI Third Quarter 2011 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being

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Obama ramps up recovery help for tornado-hit South

PLEASANT GROVE, Alabama (Reuters) – The government on Saturday ramped up efforts to help thousands of homeless victims of the country’s second deadliest tornado outbreak on record that killed at least 350 people.

Syrian troops storm Deraa mosque

Six people are killed as Syrian troops seize control of a mosque which was a centre for anti-government protests in the city of Deraa, witnesses say.

Two firefighters hurt battling Mexico border blaze

TUCSON, Ariz (Reuters) – A wildfire blazing across the Arizona-Mexico border has injured two firefighters, authorities said.

Court clears way for levee to be blown up

CHICAGO (Reuters) – A federal appeals court cleared the way for the U.S. Army Corps of Engineers to proceed with plans to blow up a Mississippi River levee to control flooding, a government official said on Saturday.

Sell in May and go away? Not so fast

NEW YORK (Reuters) – Major U.S. stock indexes are at multi-year highs but Wall Street does not seem to be running out of steam, not just yet.