From the monthly archives:
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 3% to [...]
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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.
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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 oilreserves and also encourage companies to build up their commercial reserves.”
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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.
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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 shares.”
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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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Interesting article worth reading about the Philippines.
Roughly 10% — nine million people — of the Philippines population has left the country to take overseas jobs, primarily as maids, nannies, and nurses.
There are only two Philippine stocks listed on U.S exchanges (Etelcare Global Solutions and Philippine Long Distance Telephone) so I haven’t paid much attention to [...]
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I almost didn’t believe the number when I saw it: Japanese exports plunged by 26.7% inNovember.
Exports to the U.S. were even worse: exports to the U.S. dropped by 34%.
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At a cross-straits conference in Shanghai, the Chinese government pledged to help Taiwan through any economic slowdown.Part of that pledge included $2 billion of orders for the flat panelmonitors/TVs from Taiwan manufacturers.
Think AUO Optronics (NYSE:AUO) is happy about this news?
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