Sign inRecent Commentaries tagged (bric)
"Europe's Plot to take over the World"
There is an interesting article in this morning’s Financial Times (10/6): “Europe’s plot to take over the world” (see http://www.ft.com/cms/s/0/a47079b2-b1e6-11de-a271-00144feab49a.html.) It was interesting to me because it has always seemed to me that the one who controls the writing of the...
Is Treasury's TARP Debt Already Monetized? Part III
The discussion continues for one more post. I ended the last post with these words:“The hope is that as the banking system works through its problems, TARP funds will be returned and the mortgage-backed securities will mature or be sold back into the market allowing the balance sheet of the...
The BRICs Are On The Move!
In the midst of the current economic and financial crisis the world is radically changing. Comparisons are constantly being made between the collapse of the global economy that is now being experienced and the collapse the world went through in the 1930s. Whereas most of the discussion has...
BRIC, the Dollar, and U. S. Monetary Policy
Over the past several months I have written regularly that the value of the United States dollar will decline over an extended period of time. The basic argument for this is that over the past forty years or so, any country that has run excessive governmental budget deficits and has not had an...
Vale well positioned as China's steelmakers warm up
Companhia Vale do Rio Doce (Vale) (RIO) has recently been climbing back from lows caused by the severe drop in demand for its principle feedstock, iron ore. However, there are signs that the Brazilian mining giant may be turning the corner, as the Baltic Dry Index (BDI) has begun to show some...
Russia : Mobile Telesystems - the long case
Although in Q4 2008, Mobile Telesystems (MTS) suffered a disastrous $794.8 million foreign exchange loss to reflectbook value of the company’s foreign-denominated debt due to the weak ruble, there are plenty of signs Russia’s largest mobile operator is worth investing in now.With revenue growing...
Petrobras - a shining light for oil service firms
With the recent announcement that Petrobras (NYSE - PBR) would raise its five-year investment plan by 55%, knock on effects have been felt throughout the oil services industry & have spurred analysts to look at Brazil as one of the emerging markets that may lead the way in recovery from the...
