The dependent relationship between China and Brazil is as fundamental as that of the shark and the remora fish.
Brazil
The Biggest Market Call of the Decade
Yes, I’m about to give props to Goldman. Deal with it. The single biggest, most profitable market call of the last decade was made in 2001 by economist Jim O’Neill, then working at none other than Goldman Sachs. The call was made in Global Economics Paper #66 aka “Building Better Global Economic BRICs” and it…
Hot Links: Zhu Zhu Pets!
Stuff I’m Reading this Morning… Gold at a new high overnight, silver screaming, etc. (WSJ) Hedge Fund biggies like John Paulson and David Tepper snatching up Citigroup shares. (DealBook) Howard Lindzon on which companies are thriving in the New NASDAQ. (HowardLindzon) 10 Things Your Local News Won’t Tell You. (SmartMoney) Ritholtz and Kedrosky: Charting the…
Hot Links: Old Guitar Heroes
Stuff I’m Reading this Morning… No bubble: Jim Rogers disagrees with Roubini on gold and emerging markets. (Bloomberg) Morgan Stanley’s after the bell downgrade of Intel, Semis. (YahooFinance) Jim Chanos: We’ve learned nothing from the credit crunch. (Clusterstock) BetOnSports.com founder sentenced to 51 months in prison. (Reuters) The possible effects of Brazil’s new foreign investor tax. …
Hot Links: Brazil's Tax, Heroin & the Upside Crash
Stuff I’m Reading this Morning… Dick Bove has a word of caution for those looking to become analysts. (Dealbreaker) Look out! Brazil is imposing a “foreign investor” tax. (Clusterstock) Lindzon’s calling this phase of the rally an “Upside Crash”. (HowardLindzon) The race to save Lehman: an excerpt from Sorkin’s new monster book. (NYT) Economists see…
Hot Links: Under the Microscope
Stuff I’m Reading this Morning… Passport Capital makes the case for the agriculture investment theme. (MarketFolly) The unsinkable Whitney Tilson on housing’s non-bottom. (TechTicker) Like the rich kid paying off bullies in school, Goldman is set to give a big charitable donation to deflect our attention from $23 billion in bonuses. Andrew Ross Sorkin has…
Hot Links: Deflation, Brazil & Too-Big-To-Fail Whales
More Hot Links for Weekend Reading… Pay Attention: Joseph Stiglitz and others see deflation and Bernanke keeping rates down to fight it. (Bloomberg) Mortgages for sports stadium season tickets…why not, at this point? (MarketFolly) “An Unmitigated Disaster” – Denninger on the real unemployment numbers. (MarketTicker) A look at Brazilian stocks after the Olympic bid victory…
