FCP Bob 1,312 Posted November 12, 2014 Share Posted November 12, 2014 This could be really really important US and China leaders in 'historic' greenhouse gas emissions pledge Link to post Share on other sites
FCP Bob 1,312 Posted November 12, 2014 Share Posted November 12, 2014 New U.S.-China climate deal is a game changer Link to post Share on other sites
brvheart 1,752 Posted November 12, 2014 Author Share Posted November 12, 2014 http://www.cnn.com/2014/11/12/world/comet-landing-countdown/ Link to post Share on other sites
phlegm 6 Posted November 18, 2014 Share Posted November 18, 2014 New U.S.-China climate deal is a game changer GREAT DEAL. CHINA IS THE BIGGER POLLUTER BUT THEY GET TILL 2030. WHILST WE MUST SCREW OUR ECONOMI BY 2025. IF YOU THINK CHINA WILL HURT ITS ECONOMY ONE IOTA FOR THIS DEAL LOOOOOL Link to post Share on other sites
InternetExplorer 2,609 Posted November 28, 2014 Share Posted November 28, 2014 a few people were buying a stock on Friday that indicated they thought oil had leveled off. I actually bought a French company that makes pipes for the energy industry a few weeks ago. French and Italian stocks come with a 20 basis point tax upon any purchases, I found out. if I had done it in an IRA with the last of my contributions, I'd just be screwed. foreign investment, HIGHLY discouraged in France apparently. anyway, the opec news is not a complete shock, I just hope people have learned how to react to the cartel's playbook by now. hedging isn't a permanent solution but at least it allows some time for rationality to win out in business decisions. no matter what the Saudis decide to do, oil has a permanently lower equilibrium now. there's no going back to the pre-fracking days. Link to post Share on other sites
brvheart 1,752 Posted November 28, 2014 Author Share Posted November 28, 2014 a few people were buying a stock on Friday that indicated they thought oil had leveled off. I actually bought a French company that makes pipes for the energy industry a few weeks ago. French and Italian stocks come with a 20 basis point tax upon any purchases, I found out. if I had done it in an IRA with the last of my contributions, I'd just be screwed. foreign investment, HIGHLY discouraged in France apparently. anyway, the opec news is not a complete shock, I just hope people have learned how to react to the cartel's playbook by now. hedging isn't a permanent solution but at least it allows some time for rationality to win out in business decisions. no matter what the Saudis decide to do, oil has a permanently lower equilibrium now. there's no going back to the pre-fracking days. Could you buy French stocks in an EFT and avoid the tax? Link to post Share on other sites
InternetExplorer 2,609 Posted November 28, 2014 Share Posted November 28, 2014 yeah, nobody pays tax for owning VEU. I think it's just rolled into the expenses. I don't think France or Europe as a whole are going to be fantastic but there are surely good individual companies. I'm not buying France or Italy anymore though... that's completely idiotic regardless of how trivial it is. Link to post Share on other sites
FCP Bob 1,312 Posted November 28, 2014 Share Posted November 28, 2014 Don't underestimate the slowdown in the Chinese economy as one of the main drivers of the latest drop in oil prices. The demand for oil in China was growing at 6.5% per year for the last decade but has been basically flat over the last 2 years. Patrick Chovanec @prchovanec 52m52 minutes ago US shale boom didn't collapse oil price, but it shifted global market East. Now China is no longer driving oil demand growth -> price fall. Link to post Share on other sites
InternetExplorer 2,609 Posted December 16, 2014 Share Posted December 16, 2014 CEO is one of the stocks we have been recommending for a while now. granted, it has ripped everybody's face off. it appears to be a very well-run company despite the calamity. I was joking about trying to figure out how to buy Russian treasuries last night, after the rate increase was announced. it would be a fun sweat, until Putin just defaults with a chuckle. Link to post Share on other sites
FCP Bob 1,312 Posted December 16, 2014 Share Posted December 16, 2014 CEO is one of the stocks we have been recommending for a while now. granted, it has ripped everybody's face off. it appears to be a very well-run company despite the calamity. I was joking about trying to figure out how to buy Russian treasuries last night, after the rate increase was announced. it would be a fun sweat, until Putin just defaults with a chuckle. Is CEO CNOOC Group ? Aren't you worried about shares in Chinese SOE's and how much can go wrong with them ? I guess as a risky play they make sense. Link to post Share on other sites
InternetExplorer 2,609 Posted December 16, 2014 Share Posted December 16, 2014 yep, that's it. HAL, FLS, CEO, and a few others have been on our buy list. is there some precedent for riskiness in Chinese SOEs? I honestly don't know much about it, other than the financials. I know enough to be terrified of Chinese small caps with good financials, but large cap, I don't know. I know how ridiculous that sounds, but it's not like we are putting more than 1/50th of anyone's net worth in it. Link to post Share on other sites
FCP Bob 1,312 Posted December 16, 2014 Share Posted December 16, 2014 yep, that's it. HAL, FLS, CEO, and a few others have been on our buy list. is there some precedent for riskiness in Chinese SOEs? I honestly don't know much about it, other than the financials. I know enough to be terrified of Chinese small caps with good financials, but large cap, I don't know. I know how ridiculous that sounds, but it's not like we are putting more than 1/50th of anyone's net worth in it. one of the first things to remember is that Chinese share prices have very little to do with financial fundamentals. The latest surge in the Chinese market has no basis in rationality other than a combination of government manipulation and herd mentality from Chinese retail investors who view investing the same way as casino gambling. My wife for example says that she "won" money when she makes a profit on a stock trade. Here's a really good person to follow for Chinese and other information https://twitter.com/prchovanec Link to post Share on other sites
brvheart 1,752 Posted December 16, 2014 Author Share Posted December 16, 2014 I would personally avoid dealing with anything financial in regards to China. WAY too much corruption. I'm actually really surprised that American companies even go over there. The government could just take your business at any moment if you don't bribe the right people. And if you somehow avoid that, they will just make an exact copy of your product and not protect your copyright at all. No. Thanks. Link to post Share on other sites
FMuttiJr 0 Posted December 19, 2014 Share Posted December 19, 2014 one of the first things to remember is that Chinese share prices have very little to do with financial fundamentals. The latest surge in the Chinese market has no basis in rationality other than a combination of government manipulation and herd mentality from Chinese retail investors who view investing the same way as casino gambling. My wife for example says that she "won" money when she makes a profit on a stock trade. Here's a really good person to follow for Chinese and other information https://twitter.com/prchovanec US Markets are close to this as well good sir. Link to post Share on other sites
InternetExplorer 2,609 Posted December 20, 2014 Share Posted December 20, 2014 one of the first things to remember is that Chinese share prices have very little to do with financial fundamentals. The latest surge in the Chinese market has no basis in rationality other than a combination of government manipulation and herd mentality from Chinese retail investors who view investing the same way as casino gambling. My wife for example says that she "won" money when she makes a profit on a stock trade. Here's a really good person to follow for Chinese and other information https://twitter.com/prchovanec Interesting. I had no idea. I'm definitely not the person that makes the final say on what gets bought, just have a voice in the process. I do not agree that the US markets are nearly as bad as the manipulation you find in stuff like Chinese small cap stocks. If you stick to large and mid cap companies, you really eliminate a lot of the potential for someone to be completely, obviously full of shit in their financials. It still happens, of course (Buffett, Tesco just a few months ago). I think it's important to have a sense of the company's financials, but to get into the nitty gritty--as if you can do analysis on how factors x, y, and z will trend and impact the company--is giving yourself way too much credit. for the amateur analyst, that kind of research so easily lends itself to confirmation bias. 1 Link to post Share on other sites
FMuttiJr 0 Posted December 20, 2014 Share Posted December 20, 2014 Interesting. I had no idea. I'm definitely not the person that makes the final say on what gets bought, just have a voice in the process. I do not agree that the US markets are nearly as bad as the manipulation you find in stuff like Chinese small cap stocks. If you stick to large and mid cap companies, you really eliminate a lot of the potential for someone to be completely, obviously full of shit in their financials. It still happens, of course (Buffett, Tesco just a few months ago). I think it's important to have a sense of the company's financials, but to get into the nitty gritty--as if you can do analysis on how factors x, y, and z will trend and impact the company--is giving yourself way too much credit. for the amateur analyst, that kind of research so easily lends itself to confirmation bias. I didn't say company manipulation of data. I was pointing to Fed manipulation of the market itself. We're currently in the throes of exactly what FCP Bob warned of in China, right here in the good old US of A. A company has no need to manipulate data to inflate stock price when the fed will just do it for you, regardless of numbers. Link to post Share on other sites
InternetExplorer 2,609 Posted April 9, 2015 Share Posted April 9, 2015 Could you buy French stocks in an EFT and avoid the tax? I gave you an answer to this, like I knew WTF I was talking about, but now I am doubting that people in mutual funds or ETFs can fully avoid it. it's just hidden. For example, one of Vanguard's funds references it: https://advisors.van...tlStockFund2014 why am I revisiting this topic? one of my ADRs paid out a dividend, and the host country withheld 35%. that is not a typo. typically you would just deduct the foreign tax expense, and life wouldn't be so bad, except I own it in an IRA, so I can't deduct it. my first thought is, why would any US investor want to own foreign value stocks? also, why don't foreign stocks just do share buybacks instead? the whole situation blows my mind, because it is such a steep haircut... 1 Link to post Share on other sites
FCP Bob 1,312 Posted April 24, 2015 Share Posted April 24, 2015 Volcano in Chile Link to post Share on other sites
InternetExplorer 2,609 Posted April 25, 2015 Share Posted April 25, 2015 My favorite photo of it: http://i.imgur.com/mUpig7i.jpg 1 Link to post Share on other sites
InternetExplorer 2,609 Posted June 27, 2015 Share Posted June 27, 2015 the greek referendum is kind of a joke, and I am beginning to think grexit might happen. I understand why they're doing it, of course! the current regime is trying to manufacture something to point to, to support the decision to compromise with creditors, so that they don't completely lose their support and get ousted. but even if all goes to plan and we avoid it this time around, it'll invariably be a band-aid. source: their debt timeline. http://graphics.wsj.com/greece-debt-timeline/ the crisis started more than five years ago, and I think the eurozone is probably as ready as it will ever be for the exit to happen. greece just desperately needs to default and devalue. Link to post Share on other sites
FCP Bob 1,312 Posted June 28, 2015 Share Posted June 28, 2015 the greek referendum is kind of a joke, and I am beginning to think grexit might happen. I understand why they're doing it, of course! the current regime is trying to manufacture something to point to, to support the decision to compromise with creditors, so that they don't completely lose their support and get ousted. but even if all goes to plan and we avoid it this time around, it'll invariably be a band-aid. source: their debt timeline. http://graphics.wsj....-debt-timeline/ the crisis started more than five years ago, and I think the eurozone is probably as ready as it will ever be for the exit to happen. greece just desperately needs to default and devalue. Yup, the Euro is the worst thing to ever happen to the Greek economy. Link to post Share on other sites
InternetExplorer 2,609 Posted June 29, 2015 Share Posted June 29, 2015 Bank holiday. One step closer to the Greek exit. The next few days are probably going to be a big buying opportunity for US investors, for anyone with the balls to buy foreign equity right now. Link to post Share on other sites
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