September 7, 2007 (Bloomberg) WOODSIDE Petroleum’s proposed Browse liquefied natural gas project, should it proceed, may be worth as much as $12 a share for the oil and gas producer, the broker UBS said.The West Australian project, which on Thursday signed up China’s PetroChina as its first customer, encouraged UBS to raise its 12-month share [...]
Archive for the ‘China’ Category
China Keeps Buying More Control of Resources
Posted in Australia, China, Energy, Natural Gas, Peak Energy, Resource Wars on September 10, 2007 | Leave a Comment »
GLD and SLV are Looking Even Better
Posted in Bankruptcy, China, Currencies, Foreign Exchange, Gold, Interest Rates, Liquidity, Silver, U.S. on September 7, 2007 | Leave a Comment »
September 6, 2007 (Bloomberg) A sharp drop in foreign holdings of US Treasury bonds over the last five weeks has raised concerns that China is quietly withdrawing its funds from the United States, leaving the dollar increasingly vulnerable.
Data released by the New York Federal Reserve shows that foreign central banks have cut their stash of [...]
Shanghai Bubble?
Posted in China, Equities, Foreign Exchange, Herd Mentality, Liquidity, Recession on August 20, 2007 | Leave a Comment »
Interesting chart of the Shanghai Composite Index. The entire run-up started in January of 2006 and has been largely driven by the incredible amount of savings transfered to the stock market – look at the massive increase in trading volume. At one point earlier this summer, over 500,000 new brokerage accounts were being [...]
Shanghai Bubble?
Posted in China, Equities, Herd Mentality, Liquidity on August 14, 2007 | Leave a Comment »
“It’s easier to make money from stock investment than work nowadays. There’s risk, just like playing mahjong, but I don’t care.”
Hang Ming, Shanghai restaurant cook
Chinese Lost $0.54 Billion in One Month on Blackstone Investment
Posted in China, Herd Mentality, Liquidity, Private Equity/LBO on July 30, 2007 | Leave a Comment »
Blackstone share slump costs China $540 million
But investment in Blackstone wasn’t just about returns, analysts say
July 30, 2007 — HONG KONG (MarketWatch) — Blackstone Group L.P.’s slumping share price isn’t likely what Beijing had in mind when it pumped $3 billion into the leveraged buyout firm last month.
Since its June debut Blackstone has tumbled 21%, [...]
