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Vietnam's "Shadow Plan" for a Fight in the South China Sea
When U.S. President Barack Obama visited Vietnam earlier this week, he became the third American head of state to do so.
But I’m going to let you in on a little secret.
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Keith is the Chief Investment Strategist for Money Map Press. A seasoned market analyst and professional trader with more than 30 years of global experience, Keith is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes.com recently hailed him as a "Market Visionary."
He is a regular on FOX Business, CNBC, and CNBC Asia, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, Forbes, and MarketWatch.
Keith has been leading The Money Map Report since 2008, our flagship newsletter with 80,000+ members. He's also the editor of the High Velocity Profits trading service. In his new weekly Total Wealth, Keith has taken everything he's learned over a notable career and distilled it down to just three steps for individual investors. Sign up is free at totalwealthresearch.com.
Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.
The first rule of successful global investing – to paraphrase the words of New York Times columnist Thomas Friedman – is a simple one.
Never short a country with $2.3 trillion in currency reserves.
I'm well aware that bond king Bill Gross has been sounding the alarm about a China bubble, and that Forbes magazine is predicting a major meltdown by the Asian giant. I've also heard all about noted short-seller James S. Chanos – who made his name by correctly calling the Enron Corp. demise – who recently described China as "Dubai times 1,000 – or worse."
Just yesterday (Wednesday), in fact, U.S. stocks suffered their worst beating of the New Year on fears that new bank lending curbs in China might blunt the worldwide economic rebound. Asian markets also were down yesterday.
So what's really going on here? China is making its banks tighten credit. Some of the biggest banks, I've heard, have actually suspended loans for the rest of January! Many analysts and media pundits believe this is the beginning of the end of the Great China Growth Story.
Don't believe it.