On Great Fund Managers
George Soros: Distress buying of mining companies
According to the mining investment news site Mineweb, billionaire investor and philanthropist George Soros was significantly active in the mining sector last quarter. Mineweb’s Dorothy Kosich wrote earlier today:
Über investor George Soros stocked up on potash mining shares during the second quarter, increased his Freeport-McMoRan Copper & Gold holdings by more than 1,600%, invested in […]
Exclusive Interview: Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years
[The First of Two Parts.]
Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae (FNM) and Freddie Mac (FRE) – that even larger financial shocks […]
Mark Mobius Sees Commodites Correction, Not End Of Boom
Emerging markets veteran Mark Mobius doesn’t think the recent selloff in commodities is the end of a boom which started back in 1999. Pratima Desai for Reuters UK wrote last week:
“When you have a long-term uptrend, excesses build up along the way. We are witnessing a correction,” said Mark Mobius, executive chairman at Templeton Asset […]
Do small caps take a bigger thrashing?
Not necessarily, shows a study of SGX-listed companies
By TEH HOOI LING
SENIOR CORRESPONDENT
THE stock market has been pummelled in the past 10 months. Compared with October last year, $180 billion has evaporated from the market value of Singapore-listed companies.
Globally, about US$13 trillion has been wiped out - which is almost America’s gross domestic product for […]
Looking for clues in past downturns
By TEH HOOI LING
SENIOR CORRESPONDENT
IT is a forgone conclusion that we are entering a period of economic slowdown. Or perhaps, the signs have been there for some months but people are now finally choosing not to be in denial.
For five straight years between 2003 and 2007, companies in Singapore have been registering robust growth in […]
Richard RUSSELL ON GOLD & THE DOW
August 13, 2008 — We’ve recently seen the greatest expansion of credit in history. It was a product of Asian and Mid-Eastern countries holding down the value of their currency by creating more of their own money and buying dollars. The Fed got into the act in 2003 when it held down Fed Funds to […]
Richard Russell On The Market
August 11, 2008 – “A rough measure of broad money in the world’s 20 largest economies is growing at near 20%, year-over-year, in dollar terms” (from Grant’s Intereazst Rate Observer,August 8).
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It’s OK to be confused. It happens to me all the time. I receive about 20 advisory reports ever week, and in my 50 […]
Marc Faber:Long US Dollar, Japan
Last Friday, well-known bear Marc Faber spoke to Bloomberg’s Kathleen Hays about the euro’s performance against the U.S. dollar, commodities, and the global economy. Some notable excerpts from the interview included:
The global economy is in recession already…
The U.S. would now outperform for 3 to 6 months…
I think the dollar can continue to rally somewhat to […]
GMO’s Jeremy Grantham sees prolonged credit crisis
NEW YORK (Reuters) - The credit crisis that has ravaged
world markets since last summer will fester for years and
result in anemic economic growth in Japan, the United States
and most of Europe through 2009, according to an influential
Wall Street investor.
A combination of tighter global lending standards, rooted
in mounting mortgage defaults, and falling U.S. and […]
Russell On The Market & Banks
August 8, 2008 — Big picture – Dollar up big time, gold down, euro down, oil down, stocks surging, bonds unclear.
There’s a double bottom on my PTI at 5910. Could that have been the low for my PTI? Today was the second plus-300 point day for the Dow this week. Could we have seen the […]
