Archive for the Business Category
New Light on the Dark Continent
Africa has long awaited its moment in the sun. While its post-colonial dictators ruled with caprice, large exchanges with sophisticated financial instruments evaded Africa, limiting its economic progress. The Financial Times now reports that proposed new commodity exchanges will connect smaller exchanges and bring new liquidity to sub-Sahara.
Global Gold
We applaud the rise of gold at Bozongo. Perhaps it’s wishful thinking on our part, but — theoretically — markets should start looking for a way around central banks. It seems the Fed and other central banks around the world have finally revealed the limitations of monetary policies based on fiat currencies. Now the market [...]
2009…Fasten Your Seatbelts
We “Bozongoans” are keeping our ears to ground to ascertain any shifts in the current prognosis for the global economy, particularly as it relates to emerging markets. While there are a few out there who are cautiously optimistic about emerging markets for the latter half of 2009-we among them-most economists and pundits have become increasingly [...]
Contrary to the Contrarians
Some years ago, I invested in several companies in China that the Chinese Government had been supporting. These were companies that the government in Beijing has been propping up as they were considered “strategic.” Through an intermediary, I purchased shares listed in Shanghai and later resold them at a healthy profit.
Market Intervention Follies…continued
Here at BOZONGO…we are not gloating over the news that oil prices dropped after OPEC announced production cuts. As this article from www. timesonline.co.uk proclaims, the market intervention/manipulation by OPEC could not keep prices from falling, nor will they in the future. OPEC member and other producers will maintain oil flows in an attempt to [...]