Imagine if the Republican Party had been in charge of Congress and the Presidency for the last 54 years. And then imagine if the Democratic Party won a landslide victory and captured an overwhelming majority of the congressional seats?
That’s what happened in Japan when the Democratic Party of Japan overturned the Liberal Democratic Party [...]
From the monthly archives:
August 2009
Last week, I punched holes in China Airlines’ great profit report. This week, China Southern Airlines reported a 97% drop in profits on very weak passenger traffic.
Guess I was right.
Polo Ralph Lauren says it will open at 15 stores a year in China going forward, up from the 12 it has now.
Why? Because China rocks and the rest of world stinks. “We were going to come at this business aggressively anyway but now it’s even more of a reason as the businesses in [...]
China Investment Corporation, China’s sovereign wealth fund, has invested hundreds of millions in hedge funds.
China Investment has invested “many times” the $500 million that CIC was reported to have placed in hedge funds and expects to place up to $6 billion by the end of this year.
The dollar is up, and oil is down. But the big trends remain in place. I just finished talking to Charlie Butcher at WOWO in the great state of Texas about oil prices.
Certainly, I think the trend is higher. I’m also ready to be proved wrong. But here’s something to consider.
Citigroup Seeks ‘New Blood’ [...]
Crude oil had a weird week. The breakout attempt that began last week failed. But crude looks ready to take a run at overhead resistance again.
If crude can break out to the upside, then get above other overhead resistance at 75, it could go to 90.
If crude fails and breaks down, I think it could [...]
My new column, “3 Triggers for Higher Oil Prices,” is up on UncommonWisdomDaily.com.
Is the market going up or down? Or is it broken, hopelessy skewed by Goldman Sach’s shenanigans? I find it hard to figure here. I have added some funds that I think are strong to Red-Hot Commodity ETFs and stocks that I think are [...]
Real estate prices in China have been on a roll. That sounds good on the surface, but consider this: property prices in China are now roughly the same per square foot as in the US. The problem is that the average Chinese worker makes 1/7 as much as your average U.S. worker.
Bubble?
I’m highlighting the story about the dollar/yen (see below) because this is another longer-term weight on the US dollar. This could be countered in the short term by what is going on in the markets. The word on the street is that Goldman Sachs has bought a ton of US dollar calls and has shorted US [...]
