Last week I got an email ad from Robert Hsu telling me with an encouraging sentence hidden in the middle: “After today, I feel more confident that we have seen the lows for the year.” That was on Thursday, October 30, and the encouraging point Hsu was pointing to was the big bounce on Tuesday, […]

I think we’ve probably all heard the big arguments about investing in China, but this particular teaser brings two specific points to mind: first, that the savings rate is huge in China; and second, that the Chinese have essentially nowhere to invest except in property or in the domestic stock market. And we’ve all seen […]