Short-seller James Chanos called the fall of Enron, and now he's on record about the coming biggest crash: China Inc. (FXI) (PGJ) (GXC) (XPP) (FXP). Real estate there is “Dubai times 1,000 - or worse,” he says. [View news story]
More from the Thomas Friedman article:
All the long-term investments that China has made over the last two decades are just blossoming and could really propel the Chinese economy into the 21st-century knowledge age, starting with its massive investment in infrastructure. Ten years ago, China had a lot bridges and roads to nowhere. Well, many of them are now connected. It is also on a crash program of building subways in major cities and high-speed trains to interconnect them. China also now has 400 million Internet users, and 200 million of them have broadband. Check into a motel in any major city and you’ll have broadband access. America has about 80 million broadband users.
Now take all this infrastructure and mix it together with 27 million students in technical colleges and universities — the most in the world. With just the normal distribution of brains, that’s going to bring a lot of brainpower to the market.
Short-seller James Chanos called the fall of Enron, and now he's on record about the coming biggest crash: China Inc. (FXI) (PGJ) (GXC) (XPP) (FXP). Real estate there is “Dubai times 1,000 - or worse,” he says. [View news story]
Thomas Friedman just wrote an article on this: "First, a simple rule of investing that has always served me well: Never short a country with $2 trillion in foreign currency reserves."
Faced with online attacks (that it thinks targeted the Gmail addresses of China's human rights activists), Google (GOOG) says it's no longer willing to censor search results on google.cn, will discuss an uncensored search engine with the Chinese government, and may pull out of the country. [View news story]
Geoffster, I think you're making a valuable and substantive point: US investors who buy Chinese stocks or ETFs (seekingalpha.com/symbo...) generally assume that there's no political risk. Given that the regime is totalitarian, that's a remarkable assumption.
Ben Axler's Highest Conviction Holding: An Undervalued, Smallcap Commodities Stock [View article]
Ben - thank you for a very interesting write up. One concern: there's not much liquidity. The stock only trades about 260k shares per day. What are your thoughts on that? Are there any blocks available?
Disappointing December Jobs Report May Signal End to Dollar’s Relief Rally [View article]
I'd be careful about extrapolating from a single month's employment data. The employment numbers are often volatile month to month, and often get revised up or down the following month. So the key is to watch the trend - and the trend here is clearly for an improving employment picture.
Just One ETF: Even With Deflation, None As Good As GLD [View article]
Just One ETF: Even With Deflation, None As Good As GLD [View article]
Just One ETF: Even With Deflation, None As Good As GLD [View article]
Also, what do you think about taking more risk and buying the leveraged gold ETF (UGL)?
High Conviction: Attractive Value From a Global Discounting Giant [View article]
Question: Hasn't Costco always traded at a higher multiple, due to its higher growth rate and margins?
Dear Investment Bankers: Please Do Not Ruin the Current IPO Window [View article]
Utilities: An Opportunity Too Great to Ignore [View article]
High Conviction: A High Yielding, Low Risk Power and Water Company [View article]
Short-seller James Chanos called the fall of Enron, and now he's on record about the coming biggest crash: China Inc. (FXI) (PGJ) (GXC) (XPP) (FXP). Real estate there is “Dubai times 1,000 - or worse,” he says. [View news story]
All the long-term investments that China has made over the last two decades are just blossoming and could really propel the Chinese economy into the 21st-century knowledge age, starting with its massive investment in infrastructure. Ten years ago, China had a lot bridges and roads to nowhere. Well, many of them are now connected. It is also on a crash program of building subways in major cities and high-speed trains to interconnect them. China also now has 400 million Internet users, and 200 million of them have broadband. Check into a motel in any major city and you’ll have broadband access. America has about 80 million broadband users.
Now take all this infrastructure and mix it together with 27 million students in technical colleges and universities — the most in the world. With just the normal distribution of brains, that’s going to bring a lot of brainpower to the market.
Short-seller James Chanos called the fall of Enron, and now he's on record about the coming biggest crash: China Inc. (FXI) (PGJ) (GXC) (XPP) (FXP). Real estate there is “Dubai times 1,000 - or worse,” he says. [View news story]
www.nytimes.com/2010/0...
Sealy (ZZ): Q4 EPS of $0.02 beats by $0.01. Revenue of $332M (+2%) vs. $309M. Shares +1.8% AH. (PR) [View news story]
Faced with online attacks (that it thinks targeted the Gmail addresses of China's human rights activists), Google (GOOG) says it's no longer willing to censor search results on google.cn, will discuss an uncensored search engine with the Chinese government, and may pull out of the country. [View news story]
Ben Axler's Highest Conviction Holding: An Undervalued, Smallcap Commodities Stock [View article]
Notable earnings after Monday's close: AA [View news story]
IPOs in 2010: The Great Thaw? Optimism on Facebook and a Tech Revival [View article]
Disappointing December Jobs Report May Signal End to Dollar’s Relief Rally [View article]