Archive for J. Christoph Amberger
China Earthquake: The economic aftershocks
A Chinese friend of mine spent most of last week on the phone, checking up on family. He’s from Sichuan, the Chinese province most affected by last Monday’s earthquake. The death toll is now expected to exceed 50,000. But millions of homes and businesses have not just been destroyed. My friend’s family had no casualties to deplore—but even they have been spending the last week outside, in tents and in cars, as fear of aftershocks have disrupted life all across the region.
Sichuan and the surrounding areas are among the most populous in China. The province has 40 percent of China’s…
19May2008 | J. Christoph Amberger | Comments Off | ContinuedRecession-Proof Stocks: Buy Brasil Telecom SA (BTM:NYSE) below $35
This company has one of the best P/E ratios of any North American-traded stock. It has one of the top PEG rates. It pays a dividend of over 4%. And analysts give it a one-year target of $61.50 — an upside of over 80% over its current stock price.
I’d buy it just for those qualities.
But wait there’s more: This company is also completely independent of the U.S. economy. It earns its money in a currency that is unaffected by the fall of the U.S. dollar. And its home country is a net exporter of oil and biofuels that is energy…
6May2008 | J. Christoph Amberger | Comments Off | ContinuedDollar Reversal: Prepare for oil and gold prices to drop this week!
Net shorts on a decline in the euro came in at 21,315 on April 29 — compared with net longs of 18,907 a week earlier, according to the Commodity Futures Trading Commission (CFTC). Currency strategists now expect the dollar reversal to reach $1.52 within the next few days.
That’s not a whole lot, compared to the epic decline of the greenback against the euro and almost all other major currencies over the past four years. So far, however, the U.S. currency has appreciated 3.6 percent from its record low of $1.6019 on April 22.
(As a reminder, $1.60 per euro had been…
5May2008 | J. Christoph Amberger | Comments Off | ContinuedGlobal Recession: China’s manufacturing base is in crisis
If you follow the financial media, especially the output of dollar-phobe analysts, you might think that “Pork problems perturbing Peking†are the worst concern China is dealing with right now. But rising prices for moo-shoo pork due to increasing middle class appetites and upticks in inflation may be the least concern to Beijing.
While analysts are sticking to their guns that the American Century is over and Asia a whole new kettle of koi, it looks like the Chinese economy is about to catch a heck of a cold as America’s consumers sniffle.
Light export industries are experiencing massive losses. Growth in…
23Apr2008 | J. Christoph Amberger | Comments Off | Continued
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