E Check Out Our Performance

Poor Cousin P was insulted by GH, one of my readers, who wrote “I don’t think he got to be a ‘magnate’ with the brain he uses today.” Actually he inherited the family real estate business.

Moreover, Cousin P turns out to be a piker. A mere New York real estate taipan cannot match the donation announced today by the Chan clan from Hong Kong which pledged to donate $350 mn to the Harvard School of Public Health, where Gerald Chan studied in the 1970s. The money will go for, among other things, dealing with pandemics like Ebola and bird flu.

The third reply was the most revealing. SB worried that he cannot get performance data about www.global-investing.com before paying up. Actually he can. The website offers everyone access to our closed positions table. Just visit our website and click to “performance” under the masthead. It is public information. You can also go to www.marketwatch.com and see another calculation of our performance by Mark Hulbert (who includes open positions but doesn’t give the names of the stock or bonds or funds.) With permission from Dow-Jones, we post these charts on our website for public viewing too.

We don’t go in for publishing “come-on” subscription offers telling the world that we have a stock which may produce profits of 983.45% and if you pay up you can make this kind of easy money. We let our track record speak for itself.

Deutsche Bank told Forbes that it is “not the slightest bit worried about the Brazilian Socialist’s Party’s chance to take over in Oct.” They argue that Marina Silva’s “social welfare policies wouldn’t be much different from that of the Dilma administration.”

What Deutsche really fears: “Brazil’s GDP declined 0.6% in the 2^nd quarter and 1^st quart3er data was revised to show a 0.2% contraction putting Brazil in a technical recession.” It adds:

“Something is wrong. Theories abound. Lackluster productivity. Poor corporate investment. The super-tight labor market. Inflation. Corruption is also high on the list of what’s ailing Brazil.”

Deutsche however likes Brazilian local government bonds, particularly NTN-B T-bonds yielding 6%.

*After going over the plans for the C-series planes at Bombardier, Scotiabank analysts have figured out that BDRAF will get zilch in value from the new lightweight single aisle planes. BNS says that about 75% of the potential market has already opted for rival planes. It cut Bombardier earnings estimates while raising its capex forecasts. Slim pickings for cash flow are also cut. “Under our revised estimates, the C-series will add not value to BBD.” (BBD is Canadian for BDRAF.) We will sell but not today with the news out. BDRAF is down 0.7% now is US trading but it will fall further.