China

In the past, I've approached testimonies of Federal Reserve Chairman Alan Greenspan with some reservations (no pun intended). While I always find his words thought-provoking, at least for economy watchers like me, I usually disagree with his view on at least a point or two. It's for this…

Oh, what a sight it was on Monday when trading on the basis August light sweet crude futures contract on the New York Mercantile Exchange (NYMEX) broke the psychological $60.00 resistance level to $60.02. Think back... It was only a few weeks ago that the August contract was…

In recent columns, I've discussed the troubles brewing at General Motors Corp. (NYSE.GM). If you don't remember, let me recap. I believe GM has a very difficult road ahead of it. The world's largest automaker is rapidly losing market share in the United States and could soon be…

When I was growing up, I used to watch The Beverly Hillbillies with my father when it was on TV. It was a father-daughter thing--he loved the crazy show, even though just the sound of it on the television drove my mother nuts, and I loved spending the…

In Paris this week, all eyes are pointed upward, as the Paris Air Show, the world's largest celebration of the airline and air defense industry, roars through the sky.  The big guns, Boeing, Airbus, and Rolls-Royce, are seeing good numbers in orders--especially from airlines in India and China,…

When the last time you purchased furniture? I recently went shopping for a bedroom set, and, to my amazement, I discovered that a lot of the furniture I was looking at was made in China. Was I really surprised? No, not really. I have read that furniture imports…

When was the last time you thought about the exciting world of cable and wire manufacturing? The industry has long been in full maturity domestically, but, over in China, demand for this basic necessity is booming. This only leads to one natural conclusion: The long-term fundamentals are in…

You have to give credit where credit is due. Treasury Secretary John Snow is doing a great job harping away about one of the most important financial issues facing the world. As you read about in a different perspective in Meg Jackson's commentary on Tuesday, China's currency, known…

Moscow's Meshchansky District Court adjourned early today for the second day in a row during the reading of the verdict in the trial of OAO Yukos Oil Co. founder Mikhail Khodorkovsky. The man who was once Russia's richest (worth about $15 billion) is being tried on 11 counts…

I'm not sure about you, but the high gas prices are making me think hard about driving my gas guzzling SUV! The view high up is great, but I'm constantly going to the pumps and it hurts when I fill up and shell out the cash. And if…

Last Wednesday, May 11, 2005, China's People's Daily newspaper reported that the Central Bank planned to revalue the Yuan on May 18, 2005. Speculators around the world applauded the news. Some predicted the Yuan would increase in value by 40% or more, and initiated strong buying in the…

There's a number I'd like you to keep in mind. That number is 77 and it's important for a reason. Take all the factories in America that make something... anything for that matter. Put them all together and you'll find that, as a group, they are working at…

The more days that pass, the more I see American consumer demand for products simply faltering. Ford Motor Company, the world's second-largest automaker, said Wednesday it would slash vehicle production at two of its Canadian assembly plants because of bloated inventory. Ford is planning seven weeks of scheduled…

If you didn't beat the DOW by 250% or more in 2003, there are still plenty of undiscovered small-cap bargains where we found these winners: 1,030% gain on a camera chip company. 640% gain on an internet services provider. 415% gain on this provider of internet security software.…

Back in the 1960s, with the rising costs of the Vietnam War and the NASA exploration program (you might remember the first moon walk), a debt crisis in the U.S. led to the breakup of the Bretton Woods Accord. Bretton Woods was a fixed currency exchange rate system…

Both my parents lived in occupied towns in Europe during WWII. My father tells a story about how a few gold coins that had been hoarded by his mother managed to buy a wheel of cheese that somehow escaped the detection of the hungry occupying force. The cheese…

Most of the silver in the world is smelted out of gold and copper mine production. There are some pure silver plays and mines out there, but they are rare. The Hunt brothers (remember them?) tried to corner the whole silver market in the 1970s and almost blew…

The United States of America is the world's largest energy producer, consumer, and net importer. It also ranks twelfth worldwide in reserves of oil, sixth in natural gas, and first in coal. In 2003, as a nation, we consumed 19.9 million barrels of oil per day, and approximately…

A regular reader of the PROFIT CONFIDENTIAL contacted me to say "Yes, Michael...I agree that that the nature of the economy is changing, but how can I profit from it?" The change, lest you forget, is really more about jobs and trade. We live "globally" now, so everything…

My friend Frank has been a hardworking sheetrock contractor for over thirty years. We recently had an interesting talk inside a new home he had just about finished working on. I started the conversation by admiring his new one-ton van. This set him off right away. He told…