China is a fantastic country filled with wonderful people. I am not a fan of communism and one of its inevitable byproducts is corruption. This interesting article tells just how pervasive corruption is in China and rightly points it fingers at dishonest communist party officials looking for easy money. “Corruption accounts for an estimated [...]
From the monthly archives:
December 2008
The latest S&P/Case Shiller index showed that the average price of single-family homes in 20 of America’s largest cities fell by 18% in October, the largest one month decline in history. Home prices have fallen every month since January of 2007 and I doubt they are done falling.
It was a tough year in Hong Kong. The Hang Seng index dropped by 48.3% in 2008. That is the worst drop in 34 years.
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I don’t know what you’re opinion is of oil prices, but the Chinese think $40 a barrel oil is a bargain.
“China would press ahead with the second phase of construction of its national strategic oil reserves and also encourage companies to build up their commercial reserves.”
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Is your 2008 going out with a bang, or slouching toward the exits? Here’s a chart for those who like a golden end to the year … This compares gold (green line) to silver (blue line), the S&P 500 (black line), oil (red line) and the TLT bond fund (pink line). Obviously, [...]
Forever is a very long time.
The Japanese Nikkei suffered its worst year ever in 2008, losing 42% — the worst performance in its 58 year history.
Jim Rogers is pretty sharp and has a very global perspective when it comes to investing. Rogers said that he has become a big China buyer now.
“Some parts of the Chinese economy will be totally unaffected by what happens in the West. I started buying in October again. I never sold any Chinese [...]
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The New Year is barreling toward us like a runaway bus. Today’s Must-Read: “The Collapse of Financial Globalization”
Brad Setzer’s writing style is a bit dry, but his charts are eye-popping and he makes his point like a silver bullet to the brain: “private capital inflows to the US and private capital outflows from [...]
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Larry Summers, head of Obama’s National Economic Council, warned that our unemployment rate could hit 10%.
If true, the recession would become very painful.
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This morning, we are seeing gold build on its sizeable gains from last week, and oil is up as well. The reason for the move in oil is simple: The explosive conflict in the Middle East is acting as a catalyst on an oil market that was already deeply oversold. Here is [...]
