From the monthly archives:
This report below shouldn’t be surprising. All signs point to another leg up in China’s economy. If you purchased the recommended FXI, hold for big gains!
(U.S. News & World Report) ― The Washington Post reports, “Car ownership in China is exploding, and it’s not only cars but also sport-utility vehicles, pickup trucks and other [...]
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I’ve been warning about this, and now it’s here. The budget deficit is blowing out to a record. By the time the financial crisis afflicting our country is near a bottom, the deficit will double, to near $1 trillion!
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The sharp pullback we’re seeing in commodities has many investors wondering if the boom in natural resources has ended. My answer: Absolutely not! This correction was way overdue. It’s healthy and is more bullish than bearish. Commodities have soared for months on end without a decent retracement and shakeout. So, any pullback is unequivocally normal.
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China’s shoppers stock up on cards SHENZHEN (Asia Times) – Chinese consumers, until now recognized as among the world’s most determined savers, are adding credit cards to their wallets in record numbers, with the number of such cards in circulation almost doubled in the first quarter from a year earlier.
The number of credit cards [...]
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Asia is still cooking and posting very robust growth. China’s second-quarter GDP came in at 10.1%, and even though that’s a smidgen less than expectations, it’s still impressive double-digit growth. Meanwhile, India continues to grow at near 9% … Malaysia at 7.1% … Indonesia at 6.3% … and Thailand at almost 6%.
On another note, [...]
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With weak U.S. retail sales and a rise in producer prices, many economists ― along with Fed Chairman Ben Bernanke ― believe this is further evidence of “stagflation” in the U.S. economy.
Stagflation? These guys are behind the times. We’ve had stagflation for the last three years! I warned my Real Wealth Report subscribers back [...]
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The Dow has been hit hard with selling, breaking through the key 11,600 support level I’ve been warning about. I said that once the Dow breaks 11,600, the bear is back in control and much lower prices are to come. That means U.S. stocks, and by default the U.S. economy, are going over the [...]
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While the dollar dropped to a two-and-half month low against the euro yesterday, gold closed at a fresh two-and-a-half month high at $945.30 per ounce. Near-record oil prices, geopolitical tensions in the Middle East, and the continued weakness in the dollar have fueled gold’s latest rally.
Gold’s strength has caught me by surprise recently, as [...]
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The International Energy Agency reported Tuesday that the oil market will remain tight and supply may not keep up with demand through 2013, despite their weaker demand growth forecast. The agency cut its oil supplies forecast for the next five years, saying that supply will rise more slowly than expected, leaving little spare capacity. Heck, [...]
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China’s Shanghai Composite Index closed at a 16-month low yesterday and has lost about 48% in the first half of this year. Now is the time to position yourself for the next leg up! Anytime you can buy stock market dips in an economy like China, growing at 10%, you should. And China’s explosive growth is [...]
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