jpe123

China: More Trade Tensions

Michael, First of all let me say Thks for all the great articles you publish. I have been living in China for a number of years and always find you're stuff very provocative and well thought out.

I think the cultural change required for a massive uptick in domestic spending in China is a generation away. This will be a slow process. And I don't believe the rest of the world can wait this long for the mercantilist(did I say that?) policies to end.

America Frets About the Economy as China Buys 'Stuff'

I have said for a long time that America will rue the day they viewed the rise of China as friendly. This is a dangerous country with an eye on global domination and we are supporting their every move.

The Scariest Chart Ever

Most of what you post is not made here. designed maybe but manufactured no. The design jobs are great but there simply isn't enough of them to sustain growth


On Jan 21 01:40 AM najdorf wrote:

> occdude/sentinel: It's a pretty common trope that America used to
> make stuff and now it doesn't. This idea is nonsense. Let's make
> a list of what America still makes better than anyone else in the
> world:
>
> 1. Health care products - ABT, JNJ, MMM, XRAY, PFE, MRK.
> 2. Computer software - ORCL, MSFT, IBM, plus a million smaller companies

>
> 3. Advanced industrial products - GE, EMR, MMM, ETN
> 4. "Cool" brands - NIKE, KO, PEP, YUM, MCD, music/movie industries

>
> 5. Airplanes/defense tech - BA, LMT, RAY, NOC
> 6. Computer/communication... hardware - AAPL, TXN, INTC
>
> You might think that our banks will pull us down, but the only things
> worse than American banks are everyone else's banks. Japanese banks
> haven't had decent profits in 20 years. European banks went in for
> subprime/bad CDOs/crooks like Madoff at a level that no one over
> here did.

GE Shareholders Cheered by Dividends, Earnings News

More doubletalk from Immelt and Sherin. This company is in trouble and GE Capital needs to be gone for this company to flourish.

Capital has been run by a bunch of cowboys for a long time. Time to say byebye

First Take on GM: Packaged Bankruptcy Inevitable

I agree and have been advocated DIP process for GM for a long time. The government could provide the financing mechanism. They need serious restructuring. Wagoner and the board are delusionary and should be removed immediately.

Apparently Bernanke and Paulson failed to give markets much reason for optimism, in what turns out to be a dreary first trading day of December. Dow -7.71% to 8,148.37. S&P -8.93% to 816.20. Nasdaq -8.95% to 1,398.07.

As the wise old axiom says, better to keep your mouth shut and let people think your a fool that to open your mouth and remove all doubt.

Ford (F +9.7%) says it will re-evalute its options for Volvo, including a possible sale, in light of the "significant decline in the global auto industry particularly in the past three months and the severe economic instability worldwide."

Another example of poor management decisions. Wait until the company is nearly worthless to sell it. This entire management team should be sacked. They should have sold Volvo 5 years ago when it was strong and got some focus on their core biz.

China, Credit Spreads and Asset Allocation

There is a lot of evidence that China has always greatly managed their GDP numbers. No reason they would change now. They don't like to deliver bad news to the minions.

China Isn’t Losing Its Competitive Edge

Agreed on Rogers. He has been a doom and gloomer for 25 years. Finally got it right. He is a tool and hopefully pimpo is not fellating him