Today's report begins with an abominable horror: The world's most valuable commodity has soared to its highest price in a generation.
Awash With Bad Data
August 19, 2010 By Leave a Comment
Stocks are in the dumps today. As we write, the major US indexes have all but erased the hard-fought/delusional gains of the previous two sessions. The Dow, S&P 500 and the NASDAQ are all nursing losses of around 2%.
The panicky mood on Wall Street comes thanks to a “trifecta of bad reports,? as one news site put it.
[Read more...]The Land of the Future… Today
August 19, 2010 By Leave a Comment
Stefan Zweig pegged it right after all. In the late 1930s, the Austrian playwright and writer sought relief from war-torn Europe and settled in Brazil. He loved it. In 1941, he moved there and wrote his book Brazil: Land of the Future. Brazil, he thought, “was destined to become one of the most important factors in the development of our world.?
[Read more...]Fields of Dreams
August 5, 2010 By Leave a Comment
Imagine yourself standing in fields of soy and sugar cane that carpet the land out to the horizon as far as you can see and sweeping blue skies overhead. Only an occasional tree or silo gives you any sense of distance.
You are standing on a vast savannah that is one of the most productive farming regions in Brazil. Called the cerrado, it produces 54% of Brazil's soybeans, 28% of its corn and 59% of its coffee. It also supports 55% of Brazil's beef industry.
[Read more...]Emerging Market Update: Buy Brazil
July 14, 2010 By Leave a Comment
I’ve been thinking about Brazil more and more as I study what’s going on in the world. More and more, I come the conclusion that Brazil will have a big hand to play. For investors, there will a variety of opportunities.
For instance, the cerrado: a vast savannah that is one of the most productive farming regions in Brazil. It produces 54% of Brazil’s soybeans, 28% of its corn and 59% of its coffee. It also supports 55% of Brazil’s beef industry.
[Read more...]Emerging Market Investing: Where the World’s Headed
July 6, 2010 By Leave a Comment
I’d like to share one anecdote with you that says a lot about how the world is changing.
Last week, Caterpillar, the world’s biggest maker of earthmoving equipment, said it was boosting its production in Brazil and China. It’s building a new facility in Brazil to build things like backhoes. And it is quadrupling its output in China over the next four years. It also plans to base an executive in Asia for the first time.
[Read more...]Trade of the Decade: Sell Everything, Part II
March 30, 2010 By Leave a Comment
Americas economic hegemony is fraying at the edges. The Land of the Free is shackling her citizens to multi-trillion dollar debts that neither they, nor their children, nor their childrens children, can repay. This inconvenient reality may not cause a big problem anytime soon, but it will burden the American growth engine for decades to come.
[Read more...]The 4 Best Real Estate Investments for 2010, Part II
December 31, 2009 By Leave a Comment
As I mentioned in yesterdays edition of the Daily Reckoning, next year is going to be the most exciting one real estate investors have seen in a decade. Ive got my eye on four spots, in particular diverse opportunities around the globe, each of which represents an excellent value play.
[Read more...]
Your Best Real Estate Investment is a Moat
Reporting from International Living’s “International Real Estate Investment Forum”
During recent flooding in the Midwest, an enterprising Arkansas man built a moat around his home and property to protect it from the floodwaters.
It worked. His house, possessions, and family remained safe.
[Read more...]