January 15, 2013
Published by Kuppy at January 15, 2013
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All paper currencies are in bad shape. Some are worse off than others. In the race to the bottom, they will all win. We’ve now witnessed nearly a 10% drop in the Japanese Yen in a very short period of time. It was previously overvalued. It is still overvalued. The economic fundamentals of Japan are not good—however, currencies are political. I cannot imagine that Read More
Categories: Investments
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December 24, 2012
Published by Kuppy at December 24, 2012
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Last month, I attended a property conference in Hong Kong for senior management of Asian property companies. The conference was mundane and dull, but there was one thing that never ceased to amaze me—panel after panel spoke about the same issue. In a 4th tier Chinese city, how do you differentiate your million square foot mall from the two dozen other ones that are scheduled Read More
Categories: Comments On Events
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November 5, 2012
Published by Kuppy at November 5, 2012
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Almost a quarter millennia ago, the founders of this country decided to break with the king and go their own separate way. Their gripes were many and varied. They didn’t like their sugar, playing cards or tea to be taxed. They grew sick of quartering British soldiers. In general, they grew frustrated with a cadre of blowhards in London who appeared indifferent to the Read More
Categories: Comments On Events
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October 26, 2012
Published by Kuppy at October 26, 2012
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A few days ago, I was re-reading The First Tycoon by T. J. Stiles about Cornelius Vanderbilt and I happened upon one of my favorite anecdotes from all of 19th century finance. Rather than try to paraphrase, I will go with the original telling as written by T. J. Stiles. For those of you who have never read this book, it is highly recommended. …Vanderbilt Read More
Categories: Historical Perspective
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Which Country Doesn’t Mind A Strong Currency…???