Article Index
China

The Chinese are still at it! A scary trend has developed over the past decade. Countries that have a major cost advantage in the production of goods and services are now producing many of the world's mass consumption goods -- countries like Mexico, Latin America, India, and China.…

We all know that the Internet has become a significant part of our daily lives here in North America. But did you realize that China has the second largest number of Internet surfers in the world only after the United States? With just over 100 million people surfing…

Without losing face, China bent somewhat to political pressure from the United States and Europe, and began what may eventually be a global devaluation of its currency, the yuan.  Last Thursday, China, in the face of political pressure, decided to adopt a more flexible exchange system for its…

Last Thursday, it happened. The Chinese Yuan is no longer pegged to the U.S. dollar. The surprise currency move follows months of intense pressure from China's trading partners to revalue the Yuan. Expectations are that higher prices for Chinese exports as a result of a fluctuating currency will…

If you are eyeing a steel company these days, you may want to read what I have to say. It could save you some headaches and some capital down the road. Steel stocks have had a strong run- up, but I believe the easy money has already been…

It is crunch time for earnings. Companies are under extreme pressure to at least meet and better yet beat Wall Street estimates. After two straight up years of earnings growth, there are concerns regarding slower earnings growth ahead this year, perhaps extending into 2006.  So far, the first…

When Typhoon Haitang hit mainland China yesterday, more than a million people had already evacuated the area. In Taiwan, four people have died, and people throughout China were injured from heavy winds, rain, swollen rivers, and falling trees. The good news in all this is that China was…

You have to love the eye care industry. One way or another, eventually, the vast majority of people will have to spend some money on their eyes. With the demographic trend showing an ageing population, opportunity abounds in this market sector. Long-time readers will know that I've previously…

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…

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,…

The near-term trend for oil prices is up, as the basis July light sweet crude futures contract surged above $55.00 to $55.55 on the New York Mercantile Exchange (NYMEX) on Monday.  For the majority of us busy trying to make money trading off trends, there is a far…

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…

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…

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…

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…