Latest Posts

  • Playing with Fire

    Jul 28, 2008 / 4:30pm / in Asia, Economics, General, Forex News

    One of the popular predictions of the past few years has been to declare China as the next world superpower. The most populated country in the world has experienced tremendous growth for some time, and given their size, growth, and stability, many view China as the United States’ next competitor for worldwide dominance. While I am not speculating as to China’s social or political future, I strongly believe that their growth-oriented policies will eventually — and inevitably — bring about economic consequences.

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  • A Truly Global Market

    Jul 21, 2008 / 3:20pm / in Asia, Eastern Europe, Economics, General, Middle East, South Pacific, Forex News

    Many in recent years have pointed to a “global market” that has emerged in the past few decades. While this term is typically a reference to increased global trade and international economic cooperation, the expression is also becoming applicable to the status of the world’s economy. After several years of widespread economic boon, it is becoming clear that the status has shifted. This has occurred not solely in economic powerhouses such as the U.S., the Euro-Zone, and Great Britain, but in many of the emerging markets throughout the world.

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  • Random Country Report: India Revisited

    Jun 23, 2008 / 12:57pm / in Asia, General, Interest Rates, News Releases, Forex News

    My assignment for the day: write 200 times “Next time I will not get too excited when I write about India’s short term economic situation.” For those who have been following India in the past few days, the developments seem anything but the rosy picture I painted last time around. Sure, in the long run, India is still poised to have solid and sustainable growth. However, their current battle with inflation may be more than just a bump in the road.

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  • Random Country Report: Part 1 - India

    Jun 18, 2008 / 10:27am / in Asia, Fundamental, General, Interest Rates, Forex News

    Some days, I know exactly what I’m going to write about. On days that I don’t, I usually peruse through the news, trying to find something that piques my interest. Today’s top headlines in the currency sector centering on the US Dollar not doing anything as there’s little to trade on... thanks for the help world. So, I have decided that on days such as this, a day with little of note on the economic calendar, I would focus on a country (and its currency) that rarely gets much discussion in the world of FOREX. Today, that country is India.

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  • Protectionism for Profit – Now Doctors get in on the Racket

    Jun 13, 2008 / 8:16am / in Americas, Asia, International Investing

    How can doctors get fat off the tax payer if the tax payer has a choice? MD lobbyists are preemptively shoring up their bottom line under the guise of safety. Add this to the existing list of readymade excuses to steal from the tax payer whose greatest hits already include, “it’s for the children,” and “the war on drugs/terrorism/poverty/whatever people are riled up about this week.”

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  • China > USA

    Jun 9, 2008 / 10:47am / in Asia, Emerging Markets, International Investing

    From Whiskey & Gunpowder:

    China added more to global economic growth in 2007 than the U.S. That's the first time a country other than the U.S. has contributed more to global GDP since at least the 1930s. This little history-making milestone typifies a growing list of Chinese economic achievements… and American shortcomings. "On issue after issue," Zakaria writes, "China has become the second most important country on the planet."

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  • "For the first time since Word War II, owning U.S. Treasuries is a riskier bet than owning German bonds."

    May 14, 2008 / 10:25am / in Americas, Asia, Europe, Fixed Income, General, International Investing

    From The Daily Reckoning. This headline was the most important thing I read today. The follow with:

    On the basis of credit default swaps, which are used to speculate on a government’s ability to repay debt, the 10-year note reached a record high of 16 basis points on March 12. German bonds traded at 15 basis points, also a record. A decline in these spreads shows improving confidence in the government’s ability to pay...an increase shows the opposite.

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  • Cheap Chinese Good in 1869

    May 9, 2008 / 9:39am / in Asia, General, International Investing

    China was once the largest economic superpower in the world. This excerpt from The Malay Archipelago by Alfred Russel Wallace could have been written last week:

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  • Buy Russian Rubles

    May 5, 2008 / 6:31am / in Asia, Currency, General, International Investing

    The new leader is going to make some tough political choices. Very likely this will cause the currency to strengthen. Bloomberg has the details:

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  • Meet the World’s Best Performing Stock Market: Pakistan

    Apr 2, 2008 / 9:31am / in Africa, Americas, Asia, Emerging Markets, Equities, General, International Investing

    Today's WSJ has the story. The other surprise here is the large equity decline in China and India:

    ...the only booming stock markets are those in the most emerging of emerging markets: Pakistan, Peru, and Chile. Those stocks markets have risen, respectively, 9.5%, 7.1%, and 6.6% this year, according to data provided to Deal Journal by FactSet Research Systems. Taiwan, it should be noted, posted a 7.5% rise for the first quarter.

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