Money Morning’s Martin Hutchinson is generally a cynic when it comes to investing in Latin America. Argentina, Chile, Venezuela and Bolivia have all disappointed. There are two exceptions: Brazil and Colombia . Martin says the Columbia’s long-term record is the best in the region. Here he recommends how to invest in this high-growth economy...
Short-term, the picture is even brighter. Colombian “real” gross domestic product (GDP) growth was 7.0% in 2007, or about 5.6% per capita. In 2008 and 2009, The Economist expects growth of about 4.0% to 5.0% in each year, but that’s still enough for a smart improvement in living standards.
Inflation is currently running at 6.7%, perfectly acceptable in a global commodity price boom, while short-term interest rates are almost 10.0%, well above the inflation rate, showing that Colombian monetary policy is sufficiently tight to bring inflation down - rather than pushing it along, as most ot...
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Hot Sectors and Bad News: Don’t Cheer for Gold If You Want a Bull Market BackFrom: contrarianprofits.com
Post Date: 2008-07-17 15:35:54
Once again gold is on the stock market’s center stage, and that should catch your attention whether you love it, hate it, or don’t normally care about gold at all.
Maybe you want to give it the hook. If you have a hefty portfolio of stocks, especially if most are in sectors other than precious metals, you should pray the yellow metal down from its heights as it reaches toward $1,000 again.
I have nothing against gold, per se. Rising Tide even has an outstanding gold mining business in...
more Fifteen Minutes of FameFrom: contrarianprofits.com
Post Date: 2008-07-17 15:28:38
"In the future", noted the famous pop art icon Andy Warhol, "everyone will be famous for fifteen minutes." Mr. Warhol was not setting the time limit of "fifteen minutes" because there were so many famous people in a queue who were waiting to become famous.
Rather, Mr. Warhol’s comment was about the short attention span that tends to rule the mind of most humans. Fifteen minutes, he surmised, was the extent of the human mind’s ability to stick with something.
But Mr. Warhol made...
more Global Investing Roundups Thursday, July 17th, 2008From: contrarianprofits.com
Post Date: 2008-07-17 15:20:56
Wells Fargo Jumps 32% on Dividend Hike; Crude Falls $10 in Two Days; Home Building Collapses; Gazprom Threatens to Take Belarus to Court; Gannett’s 2nd Quarter Tumble; SK Telecom Eyes up Sprint?; Time Warner Travels to Seattle; Delta’s $1 Billion Loss Turns to Gains
Wells Fargo Co. ( WFC ) stock jumped 32% after the nation’s fifth largest bank raised its dividend by 10%, from 31 cents a share to 34 cents. The company reported second-quarter profit fell 22&#...
more The Lost Decade: How the U.S. Financial Crisis Resembles Japan’s Ten Years of Misery - And How to Play itFrom: contrarianprofits.com
Post Date: 2008-07-17 15:09:18
If you think the "Lost Decade" Japan endured during the 1990s was deep and painful, stick around: As the global financial crisis that was jump-started by the meltdown of the subprime mortgage market continues to unwind, the U.S. economy is headed for a financial Ice Age that will make Japan’s 10 wasted years seem like a single chilly night.
The two meltdowns started in much the same way - with busted stock-and-real-estate bubbles. With both the United States and Japan, the market manias wer...
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