Fidelity has a new closed-end fund to offer its U.K. customers: a $950 million China fund.
The Fidelity China Special situations will invest in a portfolio of China and Hong Kong-listed securities and will be managed by the U.K. version of Warren Buffet, Anthony Bolton (no relation to Micheal).
I’m not suggesting that anyone invest [...]
From the monthly archives:
February 2010
Boy, we owe the Asians lots of money.
The #1 largest holder of U.S. Treasury bonds: China with $894 billion. Number 2? That would be Japan with $768 billion.
Phil and I discuss commodities, especially oil, and pirates.
http://www.howestreet.com/index.php?pl=/goldradio/index.php/mediaplayer/1570
Have a good weekend.
Let me tell you, solar panels aren’t cheap. But an article on off-grid.net tells how one aspiring solar enthusiast built his own solar panel for $100. And he tells you how you can do it, too. Note: This article isn’t about making your own solar CELLS. He bought his solar cells second-hand on eBay and [...]
I’m making a lot of media appearances to talk about my book. Here is another one. The host was funny and he’d obviously read my book, which was a pleasant change …
UPDATE: Apparently they’ve made individual clips on their website hard to access. So, go to the following link:
http://thayrone.com/edge/
Scroll down to February 23, 2010.
Then click on Clip [...]
This one is worth seeing (from the Wall Street Journal) …
Fed spending per person was $4,243 in 1970 and $9,177 now. So it rose “only” 116% when adjusted for the rising population.
Profits at the #3 (Heineken) and #4 (Carlsberg) beer companies in the world were sharply higher. Do you think that profits at the #5 beer company (Tsingtao 0168.HK) will also be on fire? I think so.
This number may make your eyes pop out.
The Taiwan economy grew by an amazing 18.2% (annualized) rate in the fourth quarter of 2009. Taiwan has China to thank for the robust demand for high tech components.
The fourth quarter wasn’t a fluke, Taiwan grew by an impressive 8.2% in Q3 of 2009 too.
Look [...]
Last week, I told you that China was starting to reduce its vast holdings of U.S. Treasury bonds. That money has to go somewhere else and I expect a lot of it to go into gold. This interesting article looks at the options and makes a strong case for gold.
