Hektor

https://www.bloomberg.com/news/articles/2024-02-06/xi-set-to-discuss-china-stock-market-with-financial-regulators?srnd=premium

https://www.nytimes.com/2024/02/05/business/us-treasury-officials-china-visit.html Top U.S. Treasury Officials to Visit Beijing for Economic Talks A meeting of the new economic working group comes as the U.S. and China are trying to prevent any escalation of hostilities. The Biden administration is dispatching a high-level delegation of Treasury Department officials to Beijing this week for a round of economic talks as the world’s largest economies look to continue engagement efforts that President Biden and his Chinese counterpart, Xi Jinping, agreed to pursue last year.

“Apple, Mondelez and Procter & Gamble are bullish on consumer spending growth in China despite recent economic turmoil there” https://archive.is/zYXpE Snippets from the article: “We’ve been in China for 30 years, and I remain very optimistic about China over the long term,” Apple Chief Executive Officer Tim Cook told analysts “Jon Moeller, CEO of consumer-products company P&G, said during a recent earnings call that in early January he spent six days in China, where he met the company’s local employees and government officials and visited residents’ homes to talk about their buying habits. That experience bolstered his view that challenges in the market are temporary and that there would be opportunities to expand the company’s business in the years ahead.”

Thanks @Gmthebeau. Could the lack of existing home also be driving the demand for new homes?

Are the existing home sales falling because some of the owners are happy to sit on a low apr mortgage?

I like this approach :)

@KJP Out of curiosity, why Asbury? why at this price? Thanks,

@maplevaluegood topic. @vinod1 Thanks for the insights. If/when the market goes down, wouldn’t the index also go down, reducing the amount available to deploy? How do you think about this when deciding not to hold cash when there is a lack of opportunity?

Looks like the Evergrande saga is coming to a close. This might give a glimpse of what happens to rights, particularly those of foreign investors. Will the Chinese stocks take a dive tomorrow? “After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.” “What happens next in the unwinding of Evergrande will test the belief long held by foreign investors that China will treat them fairly. The outcome could help spur or further tamp down the flow of money into Chinese markets when global confidence in China is already shaken.” http://archive.today/uX5LB https://www.nytimes.com/2024/01/28/business/china-evergrande.html

Not to mention the acquisition of Dexter using Berkshire shares and the issuance of Berkshire B shares. Should we look at all these as a proxy for monetizing Coke (and others) without friction?

https://www.nytimes.com/2024/01/02/business/india-economy-foreign-direct-investment.html https://archive.is/6sH1t From the article: "India’s economy is booming. Stock prices are through the roof, among the best performing in the world. The government’s investment in airports, bridges and roads, and clean-energy infrastructure is visible almost everywhere. India’s total output, or gross domestic product, is expected to increase 6 percent this year — faster than the United States or China. But there’s a hitch: Investment by Indian companies is not keeping pace. The money that companies put into the future of their businesses, for things like new machines and factories, is stagnant. As a fraction of India’s economy, it is shrinking. And while money is flying into India’s stock markets, long-term investment from overseas has been declining." According to the article, money is pouring into the Indian stock market, and not necessarily into Indian businesses. Will the current infrastructure spend by the Government Of India translate into confidence for local and/or global investors to deploy capital in India for the long term? Is there a perception that the rule of law needs strengthening in India? How will these (particularly the latter) affect FIH?