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Roger Conrad

Roger S. Conrad is editor of Utility Forecaster, the nation’s leading advisory on essential services stocks, bonds and preferred stocks. His proprietary safety rating system evaluates the prospects of every significant electric, natural gas, telecommunications and water company, including utility-based mutual funds and foreign utilities. Roger’s penchant for detailed research and his studied insights into utilities markets have garnered him a wide audience of subscribers—not to mention a bevy of industry awards for his perceptive reporting, commentary and investment advice.

He brings the same enthusiasm and intelligence to Roger Conrad’s Canadian Edge, an Internet-based publication devoted to uncovering lucrative investment opportunities in Canadian royalty trusts. Roger’s exhaustive coverage of how recent changes to Canada’s tax laws will affect these companies has earned him a reputation as one of the leading authorities on Canadian trusts. Subscribers and the national media often contact him for information on the latest economic developments and investment opportunities north of the border.

Roger is also associate editor of Personal Finance and co-editor of Vital Resource Investor, a subscription-based service that seeks opportunities for equity investors in the natural resource markets across the world.

He holds a bachelor’s degree from Emory University and a master’s degree in international management from the American Graduate School of International Management (Thunderbird). In addition, he is the author of Power Hungry: Strategic Investing in Telecommunications, Utilities and Other Essential Services and coauthor of The Agile Investor and Market Timing for the Nineties with Stephen Leeb. He is also an avid outdoorsman and baseball fan.

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 Articles by this Author

First, let’s start with the obvious: This is unlike any market meltdown I’ve seen in my career. That includes the 1987 crash, the 1990 invasion of Kuwait by Iraq, the 1993-94 utility deregulation scare, the 1997-98 Asian Crisis and the 2000-02 Great Bear Market and utility sector collapse.

Canada Votes: Running to Stand Still

Canadian Prime Minister Stephen Harper launched an early election campaign with dreams of a majority government dancing in his head. He also wanted to blunt the impact of a Democratic victory in November’s US election that would potentially boost liberal-leaning politicians across North America.  

Poor Wall Street: No one’s job is safe as the financial sector continues to go through its most dramatic upheaval since the Great Depression. Meanwhile, the US Congress—hardly a popular institution itself—is heaping scorn on the institution’s alleged “fatcats,” as it debates measures to stanch the global financial panic. Even the Republican candidate for Vice President has put the Street on her enemies list, railing about “corruption” and “predatory practices” throughout last night’s debate.

Few Ports in the Storm

Congressional negotiators are back at it again, working on a plan to support the mortgage market that will win enough votes. The last attempt, of course, failed spectacularly yesterday, as House Republicans refused to offer more than a sliver of support, despite the pleas of President Bush. Democrats also walked away from the bill instead of taking all the political heat for supporting the unpopular bill.

Bailout: The Short, Medium and Long of It

All eyes are back on Washington following the US House of Representatives’ failure to pass a financial rescue package Monday. Optimism about elected officials’ ability to respond efficiently and effectively seems to have buoyed investor sentiment, as Asian markets recovered from early swoons overnight and US indexes posted triple-digit gains off Tuesday’s open.

Good businesses are what I prefer to buy. That means stocks, bonds, preferred shares and other securities backed by healthy, growing companies, which are becoming more valuable over time.

Betting on Recovery

Never underestimate the small mindedness of politicians: That looks like the lesson of the week for investors. The morning after the biggest bank failure in history—Washington Mutual—Washington is still squabbling about the details of how to sort out the mortgage securities mess and unfreeze the US financial system.

It’s two Paulson Plans and several less grandiose patches later and we’re still trying to contain the Global Financial Crisis of 2008. The historic decline in real estate values--the destruction of the “forever up” property value dream--is the widely acknowledged source of today’s problems, but right now the focus, properly, is on arresting the contagion before we start talking depression rather than mere recession.

After decades of tough regulation, an industry absolutely essential to the health of the US economy is opened up. The immediate result: A good business becomes a great one. The top executives get rich, as do many further down the chain.

Yesterday, it was widely reported that US Treasury Secretary Henry Paulson ruled out the use of government money to rescue troubled financial institutions. But his statement during a press briefing leaves some room for maneuvering.

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