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By Monty Guild & Tony Danaher, on August 27th, 2009
OUR OVERALL THINKING IS LEADING US TO FOCUS ON A FEW SECTORS
NEW TECHNOLOGIES
The technology of the moment, as we all know, is the handheld device. It is part phone, part computer, part game console, part camera, part GPS system, and music player, and it is evolving very rapidly. There are several companies that are active in this industry, with more entrants joining all the time. We believe that the rapid evolution of handheld computing through many different devices will remain the most important of emerging technologies that is likely to substantially change the way we live.
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Continue Reading: FOCUSING ON A FEW SECTORS AND THEMES
By Monty Guild & Tony Danaher, on August 17th, 2009
A TALE OF TWO TYPES OF BANKING SYSTEMS—AND WHY WEAK AND STRONG BANKING SYSTEMS MATTER TO INVESTORS
THE WEAK BANKING SYSTEMS
Weak banking systems can be found in Western Europe, the U.S., Japan, the Baltic states, Iceland, and much of Eastern Europe. The weakness of these banking systems has caused economic growth to slow dramatically.
There has been much reporting of the events of the past two years in the world press which backs up our view. Some banks in these regions were so devoid of common sense that the creators of toxic assets held the junk they had . . .
Continue Reading: WHY WEAK AND STRONG BANKING SYSTEMS MATTER TO INVESTORS
By Monty Guild & Tony Danaher, on August 14th, 2009
By Monty Guild & Tony Danaher, on August 13th, 2009
U.S. TO SELL MORE TIPS
China has requested more security in the value of the U.S. bonds that they hold. To answer this need, the U.S. has agreed to sell more inflation protected treasury securities. These bonds can protect investors because the bond’s effective return to investors rises (albeit after the fact) if inflation rises.
The problem for China is if the U.S. dollar falls, and we believe that it will, the Chinese will still lose a lot of money in Chinese Yuan in terms on their purchase of any U.S. bonds, including TIPS.
Here is an article . . .
Continue Reading: ASIA GROWTH CONTINUES
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