At the Cambridge House’s Vancouver Resource Investment Conference this week, I am part of a special debate on whether China will boom or bust with bestselling author Gordon G. Chang. The title of Chang’s book, The Coming Collapse of China, states his position quite clearly and I look forward to the intellectual challenge of convincing him otherwise.
[Read more...]Time to Take the “Emerging” Out of Emerging Markets
December 1, 2011 By Leave a Comment
Time to Take the “Emerging” Out of Emerging Markets
by Jason Jenkins, Investment U Research
Thursday, December 01, 2011
Murong Xuecun: Behind the Chinese Facade Lies a Monster
November 23, 2011 By Leave a Comment
With an eye towards history, I have always looked upon the “Chinese Miracle” with a deep seated suspicion.
[Read more...]Cracks in the Great Wall: China’s Export Advantage is Evaporating
November 9, 2011 By Leave a Comment
Here’s another sign the economic miracle in China is about to make a hard landing. Rising wages are killing the Chinese advantage in exports.
[Read more...]The Neverending Story of a “Gold Bubble”
August 22, 2011 By Leave a Comment
Gold continued to make headlines last week, reaching nearly $1,900 an ounce on Friday before resting around the $1,850 level. Gold’s 15 percent rise to new nominal highs over the past month has rekindled “gold bubble” talk from many pundits.
Long-term gold bulls have been forced to listen to these naysayers since gold reached $500 an ounce. If you would have joined their groupthink then, you would’ve missed gold’s roughly 270 percent rise since.
[Read more...]Double Depression
August 11, 2011 By Leave a Comment
The sun is shining. The sky is clear. The weather is warm.
What a great day for a meltdown!
Dow down another 519 points yesterday. Gold zooming towards $1,800…in fact, reports this morning tell us it has passed the $1,800 mark. And the 10-year T-note yield slipping down close to 2%.
[Read more...]What a Business
August 5, 2011 By Leave a Comment
Steve Wynn, chairman and CEO of Wynn Resorts, is a man who knows how to build and grow casinos. His father ran bingo parlors. Over the years, Wynn built (and sometimes sold) the Golden Nugget, the Mirage, Treasure Island, the Bellagio, the Wynn, Encore; all in Las Vegas; and the Wynn in Macau, a territory re-acquired by the People’s Republic of China in 1999. The CEO “considered moving the company’s global headquarters to Macau” in 2010. Until now, he has stayed put, but his July 18, 2011, Wynn Resorts investor conference call showed Wynn remains restless.
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The Next Big Story in Asia
“It’s like Thailand was 50 years ago,” Alexandre de Lesseps told me. We were talking about the next big emerging market to bloom in Asia. It may surprise you, but it is one heck of a story… and opportunity. It also fits our grand thesis on emerging markets and is the subject of my upcoming book, World Right Side Up. The country I’m talking about is Myanmar (or Burma, as most people still seem to call it).
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