The Blogging Times
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Is Japan at the doorstep of a currency crisis ?
Over the past few months, the acceleration of Yen’s weakening vs the US dollar has pushed several economists and investors to claim Japan was engaged in a currency crisis. As a reminder, a currency crisis occurs when a country’s currency exchange rate vs all other major currencies declines rapidly and out of any control. It…
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One lecture – Principles for dealing with the Changing World Order: Why Nations rise and fall, by Ray DALIO (1/4)
Who is Ray Dalio ? Ray Dalio, an American financier, founded Bridgewater Associates in 1975, which became the world’s 2nd largest hedge fund with assets of $196 billion in March 2023. The fund anticipated the subprime crisis in 2007 and has a strong presence in emerging markets, particularly China. Like any hedge fund, Bridgewater’s strategy…
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A short update on Gold
In February 2024, the last time I wrote a post making a plea for increased gold prices, the yellow metal traded at around $2,000/oz. In March 17th of this year, this spot price rose above $3,000/oz, an all time high even compared to the inflation-adjusted price reached $2,646/oz. Physical Gold Demand supply-demand balance in 2024…
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Clearing Korea Inc out of its Discount
SK Hynix and Taiwan Semiconductor Manufacturing Corporation are both leading Asian companies in different segments of the semiconductor industry having enjoyed similar annual sales growth rates of 10% and 14%, respectively, over the past decade. Yet, SK Hynix’s last five fiscal years’ median Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios stood at 11.2x and 1.5x, versus…
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A book: AI superpowers – China, Silicon Valley, and the New World Order, by Kai-Fu-Lee (2/2)
Picture: Shenzhen (深圳), Guangdong province, China. Over the past decade, Shenzhen has emerged as China’s Silicon Valley and the leading hub in the manufacturing of smart devices used in AI solutions. In my last article, I summarised the development of the Internet ecosystem and AI technologies in the United States and in China according to…