Give me your views.
Thursday, March 5, 2009
Video: Jim Rogers on Agriculture and China (5th Mar 09)
Here is another video where Jim Rogers talk about why he feels farming, agriculture, and China would be where he would want to put his money on.
Video: Jim Rogers 5th Mar 09
Hi all,
The clip below is another video featuring Jim Rogers's views on the ECB and BOE rate decision.
We continue to look out for interest rate changes in ECB and BOE in the next hour. ECB (released at 11am GMT) consensus 50bps, previous release, unchanged. BOE (released at 12:45am GMT) consensus is 50bps. US Jobs claims will be of focus after the rate announcements from out UK and European counterparts. For further details of today's announcement, scroll down to the bottom of the page view the economic calendar.
Enjoy the video..
The clip below is another video featuring Jim Rogers's views on the ECB and BOE rate decision.
We continue to look out for interest rate changes in ECB and BOE in the next hour. ECB (released at 11am GMT) consensus 50bps, previous release, unchanged. BOE (released at 12:45am GMT) consensus is 50bps. US Jobs claims will be of focus after the rate announcements from out UK and European counterparts. For further details of today's announcement, scroll down to the bottom of the page view the economic calendar.
Enjoy the video..
Wednesday, March 4, 2009
Report: Warren Buffet's 2008 Performance
Hi all,
Berkshire Hathaway's per share book value shrank 9.6%, which was the largest decline since 1965. The company which he owns the largest percentage portion of company ownership is The Washington Post Company, where he owns 18.4% of the company, which he invested US$11 million in it, and its current market value as of 31/12/08 was worth US$674 million. Largest investment cost to date, US$7 billion on ConocoPhillips where he owns 5.7% of it, and its current value as of 31/12/08 was worth US$4.39 billion.
I love the way how Warren Buffet pans out his letter. He made an explanation on the way how an option worked and his argument towards the Black Scholes Formula. The 22- page letter is considered to be one of the best article I had read from him. To access the article, click here.
Post me your views after you had read it.
If you have been a loyal follower of Warren Buffet, I am sure the following report on Berkshire Hathaway's 2008 Annual Report would be of interest to you.
Berkshire Hathaway's per share book value shrank 9.6%, which was the largest decline since 1965. The company which he owns the largest percentage portion of company ownership is The Washington Post Company, where he owns 18.4% of the company, which he invested US$11 million in it, and its current market value as of 31/12/08 was worth US$674 million. Largest investment cost to date, US$7 billion on ConocoPhillips where he owns 5.7% of it, and its current value as of 31/12/08 was worth US$4.39 billion.
I love the way how Warren Buffet pans out his letter. He made an explanation on the way how an option worked and his argument towards the Black Scholes Formula. The 22- page letter is considered to be one of the best article I had read from him. To access the article, click here.
Post me your views after you had read it.
Video: President Obama and Brown on the Economy
President's Obama's comments in the clip below has raised some views and comments over in the Asian markets. There were discussions made as to why he had to bring up the issue that valuations and price to earnings ratio for many stocks was a good deal now if there's a long term perspective on it.
Well in my opinion, I guess it is just a very logical explanation as to how good the opportunity it is to be trading with the U.S now, and the potential of investment growth should anyone place investments in the U.S.
Watch this interview yourself and tell me your views.
Video Link and Summary of Senate Banking Committee Testimony
Took some time to watch the testimony earlier. It started with some intensity and it ended with a softer and more understanding tone towards the end of the testimony.
Chairman Bernanke expressed his anger towards AIG, and explained that AIG's investment operations were operating like a hedge fund, and because of such unmanaged risk that were taken by them, where it also went through the regulatory loopholes, thus causing the worries. If AIG is to fail now, the effect may be catastrophic and detrimental to the current financial woes of the economy. The Fed did really think and consider about the consumers of such insurance products who had given premiums to the insurer, and the possible effect if AIG is to fail, there will be another vacuum that could cost adverse effects in the health care system as well.
One of the Senator did bring up to Bernanke's attention to ask if AIG was labeled as a 'zombie institution'. I thought that was a pretty interesting one, but Bernanke replied neutrally to the question, which panned out to be a 'no'.
As for future plans to AIG, they hope to be able to break up the company, and subsequently sell the company at a later stage.
After the testimony today, where I will express in my personal opinion, I feel that the U.S economy is currently going through a very rough patch. The existing problem on hand is indeed extremely challenging for the Obama Administration and Ben Bernanke:
1) They have a huge deficit that may take 2 generations to clear.
2) They have to find ways to acquire national income and maintain a healthy Debt to GDP ratio for the country. In my opinion, now, not only the big financial institutions are technically insolvent, I think the U.S economy is technically in it as well.
3) They have to work hard to maintain the credibility of the U.S government securities.
4) They are still currently using good money (TARP, Stimulus Package, TALF and more to come) to chase after bad money (Citibank, AIG, GM and etc), after 8 months of rescue to the economy.
Simply, such problems could not be resolved over the next 2 years. It will take a longer than expected time to recover from this impact. If you had followed closely, Dow at 7,100 was the 50% mark between the high in Oct 2007 to the low in 1932. Thus by taking less than 2 years, all these gains were simply wiped out.
Continue to look into the stock market for clues for the recovery, as this is where most sovereign wealth funds, governments, great investors and gurus' monies are in now. If you have time to watch a 6 part (10-min) clip, I urge you to watch this interesting video documentary on the Great Depression of 1929.
Here is the video link to the testimony
Chairman Bernanke expressed his anger towards AIG, and explained that AIG's investment operations were operating like a hedge fund, and because of such unmanaged risk that were taken by them, where it also went through the regulatory loopholes, thus causing the worries. If AIG is to fail now, the effect may be catastrophic and detrimental to the current financial woes of the economy. The Fed did really think and consider about the consumers of such insurance products who had given premiums to the insurer, and the possible effect if AIG is to fail, there will be another vacuum that could cost adverse effects in the health care system as well.
One of the Senator did bring up to Bernanke's attention to ask if AIG was labeled as a 'zombie institution'. I thought that was a pretty interesting one, but Bernanke replied neutrally to the question, which panned out to be a 'no'.
As for future plans to AIG, they hope to be able to break up the company, and subsequently sell the company at a later stage.
After the testimony today, where I will express in my personal opinion, I feel that the U.S economy is currently going through a very rough patch. The existing problem on hand is indeed extremely challenging for the Obama Administration and Ben Bernanke:
1) They have a huge deficit that may take 2 generations to clear.
2) They have to find ways to acquire national income and maintain a healthy Debt to GDP ratio for the country. In my opinion, now, not only the big financial institutions are technically insolvent, I think the U.S economy is technically in it as well.
3) They have to work hard to maintain the credibility of the U.S government securities.
4) They are still currently using good money (TARP, Stimulus Package, TALF and more to come) to chase after bad money (Citibank, AIG, GM and etc), after 8 months of rescue to the economy.
Simply, such problems could not be resolved over the next 2 years. It will take a longer than expected time to recover from this impact. If you had followed closely, Dow at 7,100 was the 50% mark between the high in Oct 2007 to the low in 1932. Thus by taking less than 2 years, all these gains were simply wiped out.
Continue to look into the stock market for clues for the recovery, as this is where most sovereign wealth funds, governments, great investors and gurus' monies are in now. If you have time to watch a 6 part (10-min) clip, I urge you to watch this interesting video documentary on the Great Depression of 1929.
Here is the video link to the testimony
Tuesday, March 3, 2009
Video: The 1929 Crash
I have to post this 6-part video on this. This documentary looks into the 1929 great depression and an outlook on similar it is compared to our current crisis.
Enjoy this video...
Enjoy this video...
Video: The World is Flat by Thomas L. Friedman
I believe his book 'The World is Flat' could have caught your attention while you were browsing around for a weekend read. I will not introduce him further. Enjoy this 48min video.
Video: Jim Rogers 1st Mar 09
Very honest views from Jim rogers, in my opinion. What left me with a very strong impression on this video was when he quoted:"Go become a farmer.."
Enjoy the video..
Enjoy the video..
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