Lots to cover this morning, so I’ll try to be brief …
First, China’s Shanghai Composite Index dropped 5% overnight, the biggest decline in eight months. That may not sound like much because the darn thing has soared 79% so far this year. But the reason for it is worth noting: The government appears to be [...]
From the category archives:
Stock Market in China
You can have capitalism without democracy. People tend to forget that about China.
According to Amnesty International, China lead the world in executions in 2008 with 2,390. That’s about seven people a day!
For perspective, Iran executed 376 people last year.
Don’t get into trouble in China.
The Bank of China reported a 59% drop in its Q4 profits.
The Bank of China owns more U.S. subprime securities of any Asian institutions with $2.59 billion of toxic junk. How toxic? The Bank of China has aleady written off $2.25 billion of it.
I believe one of the keys to making money in the U.S. stock market in the future is to invest in companies that get a big chunk of their sales from outside the slow-growth U.S.A.
Like Nike, who gets more than 50% of its sales from outside North America. And I thought only spoiled American brats [...]
Think that the Dow Jones had a good week? The Chinese stock market did even better. The Shanghai Composite Index was up 7.2% last week.
Chinese basic metals and gold stocks were jumping like fleas.
China Sunenergy (CSUN: 4.29 +0.07 +1.66%) reported a larger-than-expected quarterly loss today.
“China Sunergy has faced the same unprecedented and volatile environment as many of our peers across the solar sector, as a result of the ongoing global financial crisis.”
The global slowdown is a problem but not as much as $40 oil. I’ve repeatedly warned to [...]
The Organization for Economic Co-operation and Development (OECD) is predicting that China will grow its economy by 6% to 7% in 2009.
That is one of the lowest forecasts I’ve seen but everybody other than the Chinese government itself keeps lower their growth forecasts. The OECD has previously for 8% to 9.2% growth back in November.
If you’re an old fart like me, you’re probably not a giant sender/receiver of text messages on your cell phone. My kids send them like crazy.
The Chinese, however, send even more. In 2008, China Mobile (CHL: 49.47 -0.08 -0.16%) subscribers sent 607 BILLION text messages.
That is a mountain of text messages and a very lucrative [...]
I would not buy them, but to give you an idea of how cheap some Chinese assets have become, the 2014 9.125% dollar-denominated bonds of China Properties are yielding 45%. Yup….a whopping 45%!
That’s a pretty clear message that Chinese investors don’t expect Chinese real estate prices to rebound enough to prevent Chinese developers from defaulting [...]
I think top Republican Senator Charles Grassley had a great idea. He suggested that the crooks and idiots running AIG (AIG: 35.10 -0.56 -1.57%)take a clue from my samurai ancestors for paying themselves $165 million in bonuses.
“The first thing that would make me feel a little bit better towards them [is] if they would follow [...]
