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The Week in Review: Wall Street sinks, China floats, and Marilyn Monroe makes an unexpected appearance

Posted January 5, 2008

If you missed last week's TFN financial news coverage, here a few of the highlights!

 by J. Christoph Amberger Baltimore — (TFN): The first trading week of the new year began quite ominously, with a substantial drop in the American stock indexes. This meshed well with some of our most popular TFN contributions this week… especially:

*** Dollar Bear: The fire sale of the American economic base continues, by Peter Schiff (January 4, 2008), who claims: "The reality is that despite some genuine economic growth abroad, governments are creating so much inflation that food prices are raising anyway."

Then, there is a very good interview (if I say so myself!) that Krista Das conducted with our cherished company president Bill Bonner:

*** Daily Reckoning’s Bill Bonner: Demise of the Dollar and the new economic superpowers, (January 4, 2008). I highly recommend you watch it!

Since Gloom and Doom is not necessarily a profitable philosoophy, we asked BlackSheep Trader Stephen Oakes to tell us just how one can position oneself to make profits in this environment. He came up with a bargain-hunting opportunity:

*** Banking Stocks: One firm is begging you to play contrarian, by Stephen Oakes (January 3, 2008)

The China Syndrome

The Shanghai Stock Exchange bucked the downward pressure that set Wall Street heading south. Part of the bullish revival is the expectation for a banner year in IPOs. I covered that in *** "Forecast for China IPOs 2008: Record year for initial public offerings", by J. Christoph Amberger on January 3, 2008, where I write: "The bean counters of the financial industry peg the value of 2008 initial public offerings at $66 billion, up from last year's $63 billion."

Still, I believe China is heading for a major shake-up… which will start materializing after the Beijing Olympics this summer: "We will be seeing the first cracks to appear in the system when the Chinese real estate bubble begins to deflate about three months after the conclusion of the Beijing Olympics. If you think subprime was bad, you ain’t seen nothing yet."

Read more right here: *** "Forecast 2008: Outlook for the Chinese economy," by J. Christoph Amberger (January 3, 2008).

Crisis Investing

As financial newsletter writers trundled back into their offices after the Holiday vacation, TFN readers were already hot on the trail of crisis investing opportunities that had opened up in Pakistan after Christmas: *** "Crisis Investing: Pakistan ADRs are plummeting," by J. Christoph Amberger (January 2, 2008).

And last, a personal crisis of mine, watch how the TFN played a practical joke on me — in front of the running camera: "Punk’d: How Norma Jean disrupted Amberger’s Smackdown."

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