Home » September 28, 2009
Entries posted on “September, 2009”
Will Japan drive our interest rates higher?
In investing, it’s important to think unconventionally and creatively while at the same time considering risks – no matter how remote or unmanageable they are. I keep thinking: What would drive our interest rates up in the US? China is the obvious culprit as it’s the largest holder of our fine Treasury obligations. If China’s [...]
Q&A with Barron’s
I was in interviewed in September 21 issue of Barron’s (see page 42). VITALIY N. KATSENELSON SPENT HIS YOUTH in Murmansk, a city in northwest Russia perhaps best known to Westerners as a setting for The Hunt for Red October. The Russian navy was a popular career track there. But Katsenelson, now 36, emigrated to [...]
5 Reasons to Avoid Gold Rush
The reasons why one should sell the cat, pawn the mother-in-law, and use the proceeds to buy gold are well known: the Fed is printing money faster than you can read this, which will result in inflation; the government is borrowing like a drunken monkey, so the dollar will be devalued; this will debase all currencies, so the only thing that will save you is the shiny metal.
On BNN discussing American Express
I was on BNN (a Canadian version of CNBC) today (click here to watch), discussed American Express (AXP). Why it is a good company, but a fairly valued (at best) stock.
Is American Express (and financial stocks) still cheap?
Financial stocks had a huge run up from their bottom. Many have doubled and tripled, but are they still cheap? It’s almost impossible to value big financial institutions like Citigroup (C), Bank of America (BAC), or Goldman Sachs (GS) — they’re a lot like hot dogs — you don’t really know what’s inside of them; [...]
September – the worst month for stocks
October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February. -Mark Twain September 1st is a very strange day for me. In Russia the school year across the whole country started on September 1st. I vividly [...]
Another confirmation of Chinese not-so-miracle growth
Electricity was not the only economic statistic not controlled / calculated by the Chinese government that showed that the 6% plus GDP growth in the first six months of 2009 (at a time when the global economy was sliding off the cliff) was an accounting miracle. Guangshen Railway announced its results a few days ago [...]