The Unexpected Winner Of The U.S. War In Iraq: Turkey

The winner of the U.S. war in Iraq looks like it will be Turkey. Ironic, because Turkey opposed the war. Nonetheless, a story in the Financial Times resonated with me — as I just returned from the country:

“A new candidate has emerged as the true victor of the Iraq war. A decade after Turkey infuriated Washington by blocking the deployment of U.S. troops through its territory for the 2003 invasion, its businessmen are proving the champions in the battle for the Iraqi market.”

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China’s Debt Bomb

China seems to do everything big. It has the largest power station in the world and the longest high-speed railway line. It also has the world’s largest public bathroom (which can hold over 1,000 people) and the world’s largest pyramid.

So when it came to attempts to pull its floundering economy out of the muck, the Chinese went big. Economist Ben Simpfendorfer writes that China’s total credit stimulus in the four years since 2009 was worth $11 trillion. “Enough to buy the world’s entire oil supply for three consecutive years,” Simpfendorfer writes, “even with oil prices at above $100 a barrel.”

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A New Chapter for Turkey?

In 2012, Turkey was the best performer among the emerging markets we track on our Periodic Table showing a decade of returns. All developing countries rose last year, but stocks in Turkey climbed an astounding 56 percent.

Turkey vs. Other Emerging Markets

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Two Emerging Markets to Take a Look At

I can’t tell you how many times I’ve heard this comment.

“Carl, it doesn’t really matter where in the world I invest, because markets always move together.”

Really?

Then why is New Zealand (NYSE: ENZL) 18.9% higher and Switzerland (NYSE: EWL) up 17.9% over the last year, while Italy (NYSE: EWI) is down 11.8% and the United Kingdom (NYSE: EWU) in negative territory?

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Post-Coup Investing

“Always buy land after a coup,” said Aren Nunnink, an Aussie expat who moved to Fiji back in 1987 and is now the most knowledgeable real estate agent on the islands.

Aren ought to know about buying land after a coup. He has taken his own advice, and it’s made him a wealthy man.

Aren told a group of us his tale at the Capitalist Exploits private investor conference in Fiji. Chris Tell and Mark Wallace started Capitalist Exploits and write a free e-letter about their global hunt for investing ideas. They focus on private deals and have come to love Fiji, which they call their favorite place on Earth. I met them recently through an introduction from a mutual friend, and we hit it off immediately. They invited me to attend their Fiji conference and, not one to pass up an opportunity to check out a new market, I eagerly agreed.

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Airpocalypse Now!…Profit From China’s Air Pollution

Have you seen the news reports about the awful air pollution across China? With all its breakneck growth over the past 25 years or so, the words “air pollution” and China are almost one and the same. Chinese growth has created huge investment opportunities, in recent years. But now we’re at a critical point in the “China story,” where Chinese air pollution is investable, too.

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Every Man a Taipan: Capture a Slice of This $6 Trillion Pie

While based in Asia as a diplomat and banker, I was fortunate to get a ringside seat to watch how influence and money shape a country’s power structure, economy and foreign policy.

I also developed friendships with a circle of rising business tycoons sometimes referred to as Taipans – a term that roughly translates as “bigshot.”

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Out With the Dragon, In With the Snake

During this Chinese New Year, more than a billion people will be welcoming in the Year of the Black Water Snake, celebrating with family and friends all week long. The previous Year of the Black Water Snake was in 1953, which was when China launched its first Five-Year Plan and the average annual income for a family in the US was about $4,000.

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From Worst to First

I like to tell people that Greece’s stock market was one of the world’s best performers in 2012. It surprises them, like a squirt of water in the ear. It goes against the unexamined idea — held by so many — that you have to have a “good” economy to do well in the stocks of that economy. Yet every year, the markets of the world prove that naïve assumption false. We can use this bias to ferret out the possible best performers of 2013.

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Gold Stocks a Buy, Declares Dan Amoss

Gold begins a new week up a touch from where it ended last week. The spot price as we write is $1,348. Silver is off a few pennies, to $27.45.

While the markets tread water, the Russians and Chinese are snapping up metal…

  • Chinese silver imports quadrupled last year, according to figures from Mitsui. Net imports of less than 900,000 kilograms in 2009 surged to nearly 3.5 million in 2010. China, long a net exporter of silver, became a net importer in 2007.
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