The West thought that capitalism would help remake China in its image. Instead, China remade capitalism in its image. Now, Xi Jinping has taken a step further by hoping to remake China his image.
If you had told me decades ago when Crocs were born and Donald Trump was a game show host that the former, one of the most hideous pieces of footwear ever designed would become a mainstream fad and that the latter, one of the most reptilian of real estate moguls, would not only become president but would one day launch a public market venture with the world truth in the title, I would
On Tuesday, it became clear that the FDA plans to allow for a “mix and match” approach to vaccine booster shots, allowing—as the Europeans have recommended—people who have been vaccinated against Covid-19 to get a booster shot made from different company than the company that gave them their first dose.
The next big stock market correction has been imminent for, well, months now? Every time the Dow or the Nasdaq rises and falls, more articles admonishing about the inevitable massive stock market 1929-type crash populate investors’ screens.
Generation Investor Should Remain Optimistic
Chinese stocks, listed both in Asia--particularly in Hong Kong--as well as in the United States, just keep falling, much to the chagrin of investors and portfolio managers who thought exposure to Chinese stocks was an obvious and critical part of any 21st Century portfolio.