Philip Heijmans of Bloomberg tells his readers that tensions are soaring, but Southeast Asian nations are struggling to push back on Beijing’s contested claims and the ability to tap the energy resources their growing economies need. He writes: This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries. An estimated 150 billion cubic meters of the fuel, enough to power a city the size of Hanoi for decades, was discovered 50 miles (80 kilometers) from Vietnam’s central coast in 2011. If all had gone to plan, the “Blue Whale” project led … [Read more...]
Archives for April 2024
Mediterranean Ports Overflowing from Red Sea Disruptions
Robert Wright of the Financial Times is reporting that operators of Mediterranean ports warn of overflowing storage yards in the latest threat to the supply chain. He writes: Container ports around the western Mediterranean are nearing full capacity, raising the risk of higher inventory costs and component shortages for Europe’s retailers and manufacturers in the latest challenge to the region’s supply chains. Port executives said they were dealing with overflowing storage yards and waits for vessels to berth following Houthi attacks on ships in the Red Sea, which has led to cmda surge in … [Read more...]
Yes, Money Can Buy You Happiness
Yes, money can buy you happiness. When you spend within your means and still have enough to take that dream trip, that can truly make you happy. You’re spending some of your money doing just that. I know this because it’s what we talk about. Right now, for example, some of you are returning from a European vacation or Central America, while others are enjoying time in the sun from Apalachicola to Delray Beach and the Keys. You gotta live. And live you can if you’re careful with your money. As my mother always says, “prior planning” can make dreams come true. The same can be true with … [Read more...]
This ARK is Sinking
Jack Pitcher of The Wall Street Journal reports that Cathy Wood’s ARK fund is sinking. No surprises here. Momentum investing swings both ways. Pitcher writes: Cathie Wood’s investors are jumping ship. They rushed into her funds and won big during the pandemic, when the star fund manager became a social-media sensation by making bold bets on disruptive technology stocks such as Tesla, Zoom Video Communications and Roku. They largely stuck with her when the funds’ fortunes reversed after the Federal Reserve raised interest rates. Now, after years of bruising losses, many of them have had … [Read more...]
UK Invests in Shipping Technologies Such as AI, Robotics, and Autonomous Vessels
Bojan Lepic of Splash247.com tells his readers about the announcement of a $9.85m funding boost for The Smart Shipping Acceleration Fund in the UK. Lepic writes: UK Maritime Minister Lord Davies of Gower has announced an £8m ($9.85m) funding boost to kickstart feasibility studies for smart shipping technologies such as AI, robotics, and autonomous vessels. The Smart Shipping Acceleration Fund, launched today in Southampton could result in innovations which will boost the economy and support coastal communities. The winning projects for these funds will also require match funding, … [Read more...]
US Shale Sheltering Oil Price Surges
Myles McCormick and Jamie Smyth of the Financial Times report how Middle East turmoil no longer poses such a threat to the world’s thirstiest petrol consumers. They write: In 1973 and 1979 war in Israel and turmoil in Iran twice ruptured the oil market, triggering an inflationary surge that sapped western economies and unseated a US president. In the decades since, the possibility that new strife in the Middle East could deliver another administration-ending jump in oil and petrol prices has hung like a spectre over the White House. In the decades since, the possibility that new strife … [Read more...]
U.S. vs. China: China Has Over Two Hundred Times the Ship Building Compacity
Lauren Williams of DefenseOne reports that China is winning the shipbuilding numbers game—and that’s a problem. Williams writes: “The [People’s Liberation Army] navy has been on a historic trajectory these last 25 years, and while we are, I am, confident that we would prevail in combat,” Adm. Samuel Paparo, Jr., commander for U.S. Pacific Fleet, told senators Thursday. “We are not overmatched, but I don't like the pace of the trajectory.” [...] China’s Navy has 79 more ships than the U.S., said Sen. Dan Sullivan, R-Alaska, including 30 it added in the past year—half of which … [Read more...]
“That’s Why I Hired You,” They Tell Me
My clients tell me, “That’s why I hired you.” They say it when I explain why we’re buying or selling certain positions. “That’s why I hired you.” One of my long-time doctor clients tells me, “I do what I do. You do what you do.” When he says to me, “I’ll leave that to you,” I know he’s thinking, “That’s why I hired you.” Now, Your Survival Guy is no doctor. I can’t fix your teeth, hips, or knees. But I do specialize in pain relief. Because amazingly, with a few investment tweaks here and there, I may help bring back your beautiful smile or put a jump in your step. Sometimes, we don’t … [Read more...]
China Destroyed Europe’s Solar Panel Industry
Matthew Dalton of The Wall Street Journal reports how China destroyed Europe’s solar panel industry and how the continent continues to struggle with an onslaught against other green sectors. Dalton writes: French solar-panel company Photowatt once powered Europe’s ambition to become a renewables manufacturing giant, one that would provide the technology to help achieve the continent’s far-reaching climate goals. Today, Photowatt is instead hanging by a thread, a potent symbol of the West’s struggles to fend off fierce competition from China. [...] “We have managed to free ourselves from … [Read more...]
China and U.S. Trade Tensions Rise
Jason Douglas and Clarence Leong of The Wall Street Journal report Beijing is accusing firms of dumping stocks of propionic acid after an investigation. They write: China slapped a levy on imports from the U.S. of a widely used chemical, a small salvo in an escalating trade dispute between Washington and Beijing. China’s commerce ministry said imports of U.S.-made propionic acid would be subject to a levy of 43.5% after an investigation that began in July concluded the chemical was being dumped in China at rock-bottom prices and hurting Chinese producers as a result. [...] China last … [Read more...]
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