News is screaming for your investment

Okay after being away for too long the infinite speculator is back. Please be advised that the infinitespeculator is changing servers so it should be a week or so before we launch again.

There has been a tremendous amount of screaming news for the wise investor willing to kick conventional thinking and look into the infinite realms of the overseas markets. First let's kick off with today's news in the US. Consumer confidence declined by the highest amount in 15 years. Let's not even mention inflation, bulging trade defecits, raging commodity prices and the declining value of the dollar. CNBC can sit on the sidelines and fill the viewers with balderdash that bull market is around the corner or that US equities are prime for buying. There are a few, don't take what I say the wrong way, but they better have serious Asian exposure. Stocks that come to mind immediately are Citi Group and Bank of America, the latter owned in this author's portfolio.

No the big news can be found in Poland, Japan and Turkey. Here is a rundown:

Poland-rich in coal and mining in general. Here is a country that never embraced communism, a population where 99% of the population is literate and an economy that has quickly found itself privatized. However it was the recent news that should have started someone thinking about their future. Here is a piece that was sent off on the newswires just days ago.

"According to a preliminary turnout of the votes in 90 percent of the polling stations throughout the country, the rightist Law and Justice Party(PiS) won 26.84 percent of votes and its ally Civic Platform (PO) won 24.23 percent, while the center-left Union Self-Defense got 11.66 percent and the ruling Democratic Left Alliance (SLD) 11.38 percent, the electoral committee said.
Reports said the PiS and the PO were discussing about forming a joint government."

The center to right combined alliance won and did so with promises of tax cuts and being 'market friendly'. Poland is primed and worth a consider.

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Japan's cat has been out of the bag for sometime. The relection of PM Junichiro Koizumi based on his promises of cleaning up the banking system and privatizing of the postal system should be noted. Who cares if the postal system is privatized? Well it isn't because it is the postal system but consider what this could mean for the future and future investment.

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Finally Turkey, Austria has announced their objections. This is one more stumbling block for the inevitable. Given that France and The Netherlands rejected the recent EU constitution, this may work in Turkey's favor. They could be foreseen as a compliant member nation. Will Turkey once again connect the east and west in trade, economically gaining on their geographic location?

Your author noticed an article in last week's edition of The Economist magazine that stated Peru is currentlty attempting to privatize their port system. This should have the viewers' ears perking up. Peru is a country rich in agriculture and copper.

Finally I implore all the readers to consider foreign securities or shares representing countries as the US dollar continues to decline. Fed Chairman can raise rates all he wants but the bottomline is that no fed policy can correct the balance of trade, outstanding government debt and saturation of bills in circulation that currently plague the US.

Thanks for viewing....

New Orleans and the social welfare institution

As a former Democrat voter, following the destruction of Hurricane Katrina, it has become ever more apparent on why your author changed his political party affiliation. It was my hope that the Dems would return back to normacy but while I waited I continually voted conservative beginning in 1992 casting a vote for then president George Bush.

However what has become ever more distubring the welfare state created by the party in the state of Louisiana. Your author recently had to take film director and spin master Michael Moore to task. Moore had asked for anyone who voted for Bush to write to him, defending the president's policy and explaining how 'evil' Republicans had caused the economic plight of Louisiana, New Orleans specifically. Your author to remind Mr. Moore of the socialist-welfare legacies of Louisiana governors Huey P. Long, his nephew Earl Long, the four terms served by Edwin Edwards, who is serving a ten year federal sentence for extortion and the most recent inept Kathleen Blanco. Please consider that for the past 100 years or more nearly 90% of the governors have been products of the Democrat Party.

What did the good folks of Louisiana get for voting Democrat (and essentially pro-socialist in one swoop)? While the US's national poverty average is 10% of the total population, Louisiana states 13-15% of their population (roughly 800,000) sit at this level and thus hold the dubious title as being the most impoverished state. The state also boasts holding second place in 2004, behind Nevada, for being the most violent. It ranks last in being the healthiest, which is obvious to the good times and rich food associated with the local culture. Your author could continue to give examples of this fine Democrat Party legacy but he digresses.

These are just some things to ponder as the media, the left and the Hollywood crowd attempts to politicize and exploit the victims of Hurricane Katrina.

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