I know, I may sound like I’m beating a dead horse how much printer cartridge can one spill over China? – but I have a very high burden of proof to overcome. Let me demonstrate it by this analogy: Let’s rewind 20 years. It is 1989 and I am writing that the Japanese economy is [...]
Given my usual warning, I don’t want to discuss politics in my writings for two reasons: it bores me to death and I’ll upset 55% of my readers. But an investor cannot ignore politics especially today. What happens in Washington doesn’t stay in Washington. In his healthcare proposal President Obama is using a tactic described [...]
After I wrote the last note about China’s creative calculation of its GDP, a friend wrote: “So what? Who cares what is going on in China?” If the Chinese economy was the size of the Vietnamese economy, and it was not responsible for more than 2/3 of our trade deficit and didn’t hold $2.2 trillion [...]
Here is a link to the presentation/speech of my book. This presentation/speech qualifies as a second (free) edition of the first part of my book – the part that explains why we are likely suffering through a range-bound market. I updated the data; found a better way to explain old and new topics; changed my mind [...]
I hope you are enjoying the last month of summer. I’ve gone fishing twice this month – caught absolutely nothing. Actually I don’t think I’ve caught a single fish over the last five years. But I’ve been mainly reading, listening to music and drinking beer while I was fishing. So the fish probably did not [...]