Where will the innovation come from? Same place it did 100 years ago – skilled immigrants.
India
TRB in the Financial Times Talking BRIC
I just got around to reading and digesting Gillian Tett‘s phenomenal recounting of the BRIC saga from the Financial Times this past Friday. Tett does a great job getting to the origins of where the research team got its idea to conceptualize the investment theme and then traces its global spread from finance to consumer…
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: Jeff Saut, Felix Salmon & the Coffee Wars
Stuff I’m Reading this Morning… Goldman Sachs on how to trade the end of the year. (PragCap) The coffee wars have begun. (CrossingWallStreet) Does Felix Salmon own the internet? Have you registered with him yet? (MoneyIsTheWay) India is not finished with its IMF gold purchases. (ZeroHedge) Jeff Saut on what “performance chasing” means to the…
Hot Links: Heir to the Throne
Stuff I’m Reading this Morning… BlackRock is bullish on US and emerging markets stocks. (DealBook) Go out and hug a bear today. (MusingsOfATrader) What’s George Soros up to these day with his positions? (MarketFolly) Peter Schiff under attack on MSNBC, Eddie calls BS. (CrossingWallStreet) Marc Faber on currencies, equities, commodities and India. (InvestmentPostcards) “Buying gold…
Melt It Like Beckham: Major Changes for the Indian Gold Market
Very quietly, two developments occurred in India over the last week that could have major implications for the gold market. Both of these developments could portend drastic changes in gold demand from a key market, just as the inflationistas believe they are at the threshold of a paradigm shift in the precious metal’s pricing. First…
How Good is McDonalds? They're Selling Burgers in India.
McDonalds (MCD) is probably the best-run public restaurant chain in history. They’ve always done well in terms of employee training, keeping costs low, marketing etc., but recently their big victories have been in overseas expansion. McDonalds recently announced a big India expansion, which is mind-blowing when you consider the fact that India is a vegetarian country. …
Market Recap: Thank You, India
[youtube=http://www.youtube.com/watch?v=NL1Nu3qZLdg] The Reformed Broker, AKA Louis Lane, here with today’s Market Recap… OMG…India’s Sensex Index literally exploded overnight, rallying more than 2000 points, or 17.34% in one session. This led to a massive commodity and overseas-exposure rally here in the US with the Dow up around 200 points at the 3:30 look. Top sectors include…
