From the category archives:
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 [...]
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I think top Republican Senator Charles Grassley had a great idea. He suggested that the crooks and idiots running AIG (AIG: 27.35 +0.31 +1.15%)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 [...]
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General Motors (GM: 25.74 -0.01 -0.04%) raised its sales growth forecast in China from 3% to 5%-10%.
How come? Auto sales jumped by 25% in February. The reason was a reduction in auto taxes.
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CEO Roger Agnelli of Vale, a Brazilian iron ore producer, says it expects its iron ore sales to China to be only slightly below 2009 levels. That’s another data point that the Chinese economy is still doing fine.
Not gangbusters like the previous 5-6 years, but still growing at a steady pace.
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The State Administration of Foreign Exchange (SAFE) is the manager of the China’s $2 trillion of cash reserves.
Opps! SAFE began diversifying into equities early in 2007, a move that proved disastrous. Its two biggest blunders were takeover specialist Blackstone and Morgan Stanley. It is estimated that China has lost $80 billion of the $160 billion [...]
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Here is a link to one of my favorite sites — a global map that shows the performance all of the world’s stock markets. It gives you at quick at-a-glance view of the global stock market.
Not just the big ones — the U.S., Germany, China, Japan, United Kingdom — but even the more obscure markets [...]
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A lot of people don’t know that Pioneer is a Japanese brand.
Pioneer says that the flat panel TV business is so tough that it is considering getting out of it completely.
Is that great news for the other flat panel makers, like AUO Optronics (AUO: 5.51 -0.05 -0.90%), because it means less competition or is it [...]
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China has a $586 billion stimulus plan and it appears to be working. New loans from Chinese banks increased by 21% in January and the money supply increased by 18%.
I am skeptical that the Chinese economy will get back to the boom-boom days right away, but it looks like the Chinese economy will continue to [...]
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Malaysia’s exports dropped by 14.9% in December from a year ago, the largest drop in seven years. Exports to the U.S. dropped by an eyebrow-raising 30%.
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China exported 17.5% less goods in January than it did a year ago. The other side of the trade ledger was even uglier — imports plunged by 43%.
Those numbers aren’t pretty but China still had a $39 billion trade surplus in January.
You still want to avoid any Asian companies that heavily depend on sales to [...]
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