Oh What A Lovely War has been postponed. It means that American diplomacy and democracy need to be improved by the Trump Administration after the futile—or dangerous—threats against North Korea. Wall Street is up with a sigh of relief but the real market rise will move away from that bubbling cauldron to other lands, mostly in Asia.
To start with Japan chalked up an exceptional and world-beating 4% annualized growth rate in the June quarter despite the high yen exchange rate which was supposed to hold it back. My theory is that the country’s long-lived aging population is fed up with low returns on savings and is spending more freely, perhaps for the good of the grandchildren.
China is diplomatically in clover as North Korea and Trump trade threats and insults. Economically it is probably not doing as well as Japan, or even South Korea. More on this for the paying subs below,
And in Washington DC, after the president produced a feeble attack on all sides over the Charlottesburg murder, his chief right-wing aide, Steve Bannon, of Breitbart, is reportedly on the skids.
Meanwhile the ominously named Pres. Lenin Morales is seeking to get into the hot market of brine-extracted lithium. Lenin M. designated four pilot sites and hired a German PR firm to bring investors into Bolivian brine. I think he needs to change his name.
For the first time in weeks there is only one company in our portfolio reporting today, so you get a special report on two stocks we examined and will not be buying and one we bought in error and have to sell.
*Eco-invest‘s Max Deml tipped a photo-voltaic specialist company from South Korea, Shinsung E&G Co. and he has added it to his photo-voltaic 30-stock index. Shinsung’s ENG was founded in 1972 to build clean-rooms for electronic companies and was listed in Seoul starting in 1996. It began to diversify into solar crystal cells and spun out the E&G arm and ENG plus a joint holding company in 2008. In 2016 the group reacquired its 3 entities under Shinsung Solar Energy label and bought out holders of the other listed entities. It then renamed new parent Shinsung E&G early this year. It trades as KR7011930005.
