U.S. markets initially soared on the news that China would allow its currency to appreciate against world currencies. Yet the countries that will benefit the most from a yuan reevaluation are the neighbors throughout Asia. Erroneously, there are folks who believe that China is bowing to developed world pressure prior to the G-20 summit. Anyone who has spent enough [...] [...more]
Right now, it’s difficult for me to focus on anything other than the Lakers-Celtics Game 7 Finals match-up. Can KobeCo win back-to-back games as well as back-to-back titles? Or will the sheer grit of Boston’s Three Party (Rondo makes “Four”) overwhelm the favorites? Yet I digress. Fortunately, I am quite capable of motivating myself to focus on [...] [...more]
Near the top of the current cyclical bull on 4/15/2010, at Dow 11,144, Jim Cramer predicted Dow 12000. He did it emphatically… as he is known for… and he did it without preconditions. Less than 8 weeks later, however, he floated a price target of Dow 8200. Anyone who has watched Jim Cramer is already familiar with the “flip-floppiness.” There were [...] [...more]
It’s easy to think about South Korea. Warren Buffett essentially called Korea’s POSCO the best steelmaker in the world. What’s more, South Koreans have turned a corner on everything from electronics (Samsung) to phones (LG Group) to automobiles (Hyundai). Few investors have failed to express interest in the “China miracle.” Not only is its economy growing at a [...] [...more]
