When a communist country is having more and bigger initial public offerings (IPOs) than the United States, something is wrong. Last month we wrote that IPOs are showing signs of…
Petro-Yuans, Petro-Dollars and Gold
You’ve likely heard the term “petro-dollars.” It originated in the 1970s, when Secretary of State Henry Kissinger struck an agreement with Saudi Arabia requiring that any country that wanted to…
China Syndrome
Back in the nuclear-fueled ’70s, “China syndrome” was a theory that the world would end with a meltdown from a nuclear reactor tunneling its way through to the other side…
The Art of the Unreal
“You ran up mountains of debt, as well as losses, using other people’s money, and you were forced to file for bankruptcy not once, not twice, four times.” Carly Fiorina…
In China, People Are Disappearing, but Problems Aren’t
President Obama has to be at least a little bit jealous of the power yielded by China’s leaders. He may use executive orders to get his way, but he has…
An IOU World
Investment performance made most investors a bit grumpy by the end of 2015, given that virtually every asset closed the year down a bit. During 2016, grumpiness is giving way…
China’s Fix Could Break Things
Imagine if free markets were allowed to be free. Of course, in today’s world, they’re not. Central bankers and government agencies have taken control. Not knowing what to do with…
Worry About China, Not Greece
When’s the last time markets reacted positively to anything happening in Greece? Last week, just 10 days after Greek voters voted against a resolution that would have required stiffer austerity…
It’s Only Money
“Money often costs too much.” …
Fundamentally Flawed
Imagine if the outcome of a football game depended more on the weather than on the talent of the players. Weather, indeed, can have an impact and should, but its…