Monthly Archives: November 2014

Shanghai: Mr. Wang’s Bad Timing

A staple of 19th century popular literature was the lurid expose of the glamour and grit of the modern metropolis, be it London, Paris or New York.   These books invariably highlighted the cruel contrast between airy boulevards lined with elegant … Continue reading

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Shanghai: Will Big Brother Smother the Service Economy?

We cleared immigration in Pudong International Airport and staggered into the arrivals hall, dazed and confused after 20 hours of travel. Two airport functionaries—call them Mr. Li and Mr. Wang—noticed us and politely asked if they could help. No thanks, … Continue reading

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Shanghai Brands: What’s Hot and Not

We spent ten interesting and usually enjoyable days in and around Shanghai. Here’s what I learned that is of interest to investors in U.S. stocks. The Boeing 777’s that took us out and back were full of Chinese tourists; they … Continue reading

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U.S. Equities Can Grind Higher in a Weak World

Stocks are behaving pretty much as I expected:  In early September I said strategists were “disturbingly bullish” and a correction would not be surprising. We did get a correction, though arguably it was not scary enough to sweep away the … Continue reading

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