Buenos Aires, Argentina The horse has already bolted. But the stable hand hasn’t noticed, continuing to put faith in his …
Can the US win a Cold War with China? (Part I)
Buenos Aires, Argentina On the day after Christmas in 1991, the Soviet Union was officially dissolved. The great communist empire …
The likely winners in the US-China trade war
Buenos Aires, Argentina A strange thing happened today, Dear Reader. Believe it or not, it’s almost three years since the …
Why the US-China trade war is not about jobs – Part II
Buenos Aires, Argentina We’re meant to believe that Donald Trump and Xi Jinping are good friends…at least, according to the …
Why the US-China trade war is not about jobs – Part I
Buenos Aires, Argentina Donald Trump continued to do his favourite thing this week…hanging out on Twitter. We’re supposed to believe …
Message from China: “Mess with us and we’ll mess back”
Buenos Aires, Argentina This morning, I saw a woman crossing the road. That’s an ordinary, mundane, everyday occurrence. But this …
After 2018’s sharp drop, are Chinese stocks cheap enough?
Chinese stocks go through frequent cycles of boom and bust. The market saw major peaks in October 2007, May 2015 …
After 2018’s falls, there are some cheap stock markets
Rocha, Uruguay At the beach house, the nocturnal toads that keep me company at dinner time are happy. The rain …
Don’t expect a happy, Hollywood-style ending…
Buenos Aires, Argentina Let’s see…stocks are up a bit today…gold is edging higher ($1,245 per ounce)…Argentine airline pilots are threatening …
Is China about to implode?
Buenos Aires, Argentina Last night I was at a party. It was an elegant crowd, gathered in a garden around …
The “multiple uncertainties” that are on my mind
Buenos Aires, Argentina Heavy rainstorms swept through Buenos Aires in the past few days. Lightning flashed, thunder cracked, streets were …
Time travel, new taxes and GE collapses (further)
Buenos Aires, Argentina On Sunday, I flew back from New Zealand to my chosen home in Argentina. It was the …
The “cheap” Asian stock market that’s also high risk
Most of the time, if you could pick up a developed country stock index with a price-to-earnings ratio below 12 …
Ferraris, real estate or stocks?
Buenos Aires, Argentina Last week’s lunch at the American Club in Buenos Aires was thoroughly enjoyable. Around 12 of us …
What to look out for in 2018
With only two weeks of the year left, it’s time to think about what to look out for in 2018. …
When the CAPE ratio fails
No valuation ratio is perfect. All have their pros and cons. But one of the usually more reliable ones – …