Video Games Rocket Ahead in 2017 The four largest “pure-play” video game companies have been star stock-market performers in 2017: Activision Blizzard [NASDAQ: ATVI], Electronic Arts [NASDAQ: EA], Take Two Interactive [NASDAQ: TTWO], and Tencent [Hong Kong: 700HK]. (Tencent is not technically a pure play, but does earn about half Read more
China Has a Grand Strategy — They Want to Be the Greatest World Power China Has a Grand Strategy — They Want to Be the Greatest World Power Next week, the Chinese government will host 28 heads of state, as well as many senior government and NGO officials, at the Read more
India Makes Progress Under Modi’s Steady Hand Back in September, we gave readers a rundown of the big digital strategy of India’s Prime Minister, Narendra Modi — an effort which will be critical in the unleashing of Indian economic growth and India’s rise on the world economic stage in coming Read more
Healthcare and Global Demand Growth Around the world, rising living standards are driving global demand growth for goods and services. We have often written about the rise of new global middle classes as linchpins of this growth – particularly the nascent middle classes of China and India. The rise of Read more
Market Summary A year ago, in our letter of April 30, 2015, we noted: “While we do not see a crisis as imminent, we believe that a global debt liquidation is becoming a more obvious eventuality sometime in the next two to three years.” Since then we have continued to Read more
When Too Much News Can Confuse 1. GDP grew by 2.4 percent in 2015 — ignore flawed data, including GDPNow. Fourth-quarter 2015 GDP growth for the U.S. was just revised up to 1.4 percent annualized from an initial reading of 0.7 percent. That brings growth for the year as a Read more
No, Chicken Little, the sky ain’t falling Data continue to come in showing that fears of a U.S. recession are groundless — good GDP growth, good job growth, continued improvement in labor force participation, improvement in “underemployment” (when workers want full-time work and can’t find it), and the increasing signs Read more
China Stocks Deserve A Look There were no fireworks at last week’s China summit of the finance ministers and central bankers of the world’s 20 biggest economies; it was a tame and mostly uneventful affair. Most significantly, China assured the participants that their economic growth strategy doesn’t hinge on Read more
Market Summary Some market sectors have become very good values. Others need to fall more in price to become attractive. Seeing the outsized declines in energy, technology, and other sectors has made us quite certain that some values have been attained in certain sectors. We are focused on technology, social Read more
How Fast Will the Fed Raise Rates? The “dot plot” of the Federal Reserve shows how the opinions of various FOMC participants stack up, and is published after each meeting. December’s dot plot suggests that the majority is anticipating four rate increases in 2016, ending the year with the Fed Read more
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