The only bright spot is that while they're pretending to look busy, a crisis of necessity will continue to help us secure our wealth and fuel our portfolio.
Profits over pessimism
Despite my palpable disgust for the Washington machine and all those who fund it — and despite my rather pessimistic social, political, and economic outlook for 2011 — I still believe there a few opportunities that will pay off quite well for us as we head into the next year.
These include, but are not limited to:
*. Gold - I'm particularly interested to see what happens after the Hong Kong bullion exchange launches the first international gold contract denominated in renminbi next year.
*. Rare Earths – From steel production to car manufacturing, rare earth supply crunches are no illusion.
*. Oil – Although I'm not particularly fond of the black stuff (nor the thieves and liars who keep us addicted to it), you're kidding yourself if you don't think $100 oil is right around the corner.
*. Real Estate - I'm on the fence with real estate, but my colleague Chris DeHaemer makes a very compelling case for a 60% annual return here.
*. Chinese solar and wind – While the domestic solar and wind industries got a one-year lease on life for a few bread crumbs' worth of subsidies (compared to what coal and oil will continue to get), China has basically bankrolled its solar and wind industries. As a result, China solar and wind manufacturers now dominate the global market. We sold our souls (and an opportunity for massive domestic job growth) for cheap labor. And although solar capacity will continue to grow rapidly in the U.S., the big money for investors will be found primarily in China. Because guess what? A massive chunk of our solar growth will be facilitated by cheap, made-in China solar panels. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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