UPDATE ON THE STOCK MARKET . Witten Friday, June 20th, 2008: 6:30 a.m. Looked to me like yesterday’s stock market rally was a knee-jerk reaction to China announcing it was going to raise oil prices by 17%. Crude dove on the news while stocks jumped. But if one thinks it through, is China raising...
CHINA again and again. I write about China so much that I get bored with it. But China is the new global power and thus very important. Plus commodity advocate and long term perspective guru, who I haven’t seen call much wrong, Jim Rogers believes so strongly in China that he sold his NYC townhouse and...
GLOBAL VIEW . China & the Summer Olympics . I watched the always depressing BBC (British Broadcasting Corp.) news last night at 6 pm . (Right after Inside Racing which this time of year showcases the 3-year old horses getting ready for the Kentucky Derby, coming up the first Saturday in May, shortly...
GLOBAL VIEW . CHINA , THE OLYMPICS & STEVEN SPIELBERG . Trouble Begins! Looks like exactly what China’s government has to fear is starting to unfold. You see, famous American film-maker Steven Spielberg had signed up to add some glitz to the upcoming August Beijing Summer Olympics ceremonies. But...
CHINA . The Big Dog . I couldn’t help but notice that: (1) China’s trade surplus actually shrank in December and (2) import prices from China rose again. In explanation, China’s trade surplus hit a record high of $27.0 billion in October, backed off to $26.2 billion in November and then fell to $22.7...
CHINA VIEW . No one is talking about or highlighting any data about how America’s nervousness about buying anything Made in China is affecting China’s exports this holiday season. I did hear one report awhile back that those larger seaboard shipping containers, containers carry imports, coming in to...