ShysterChaser
14 years ago
Going into the New Year, we reflect that RNHEF was a loser in 2010. How could all the analysts and touts have been so wrong?
Maybe the Chicoms sabotaged us!
Some of us will stay as stuck bagholders. Others will take their losses and write them off on their taxes.
Have ALL of US paid tuition to learn to stay away from Chinese stocks domesticated in the Cayman Islands? Anybody know if the Cayman Islands has anything analagous to the US SEC?
Investing in emerging markets always carries a risk, but when the risk may be compounded by financial manipulation, the honest speculator is at a disadvantage.
Did anyone see the equivalents of: Press releases, 10ks, a 10Q, or news from RHNEF or its controllers to inform shareholders throughout 2010 what was really going on? Methinks we have been had. All IMHO.
ShysterChaser
14 years ago
Very little volume on this highly-recommended stock. Whatsamatta here, anyway?
Methinks we should of held out for yesterday and speculated on Oh U Cutey and Ding-dang-dong, the two (2) Chicom IPOs that skyrocketed yesterday and did fine today, too.
Keep the faith, comrades. The wREN HEn Fan will fly again, sometime.....All IMHO.
ShysterChaser
15 years ago
Good early morning, wReN HEn Fans!
When the stock market opens in New York, perhaps you might want to consider your investment portfolio and think about diversification abroad. Let's make a case for China:
1. Over the last eighteen (18) centuries, for FIFTEEN (15) of those periods the Chinese economy was the dominant economy of the world. Europe came up first; then, and since 1870 (the End of The War of the Sothron Rebellion, mainly), the United States of America has become the economic engine of the world.
2. As early as 2030 (or possibly sooner), a reawakened China will claim its rightful place once again.
3. The Chinese population is the largest in the world; in urban centers, the Chicoms are relaxing their one-child-per-family policy; so, the Chinese population will soon grow to over 1.5billion people. And it is a population that is getting a little better off, financially, too.
4. At this posting, approximately 30% of the Chinese economy is domestically, consumer-based. Contrast that data with the fact that in the USA, almost 70% of our economy is domestically consumer-driven. That comparison suggests that the upwardly mobile, growing expectations, getting a little discretionary income Chinaman is going to spend money on himself and his family buying Chinese products in Chinese stores.
5. My research indicates that the Chinese economy is expected to grow and expand, encompassing more and more consumers, as far into the future as one can see at a rate between 8 - 10%. US GDP for 2010 - 2011 is forecast at 2 - 3%.
So does it make any sense to do some deep due diligence and discover investments in China? That decision is up to you!
Just because I decided to make a heavy wager on the eventual success of the RNHEF construction and real estate play is not to try to convince you to look here. Frankly, it took me five (5) years to find RNHEF and to convince myself that this might turn out to be a good investment. Undoubtedly I overlooked and missed many other opportunities. Maybe you should learn a few Chinese phrases, take a trip to China, and see for yourselves! All IMHO.
ShysterChaser
15 years ago
Are the Chinese New Year holiday celebrations coming to an end soon?
Look at the volume for our favorite Chinese underground mall builder today. Vinny and I could have made the entire American market out of our checkbook accounts! All IMHO.
Wake me up, my wReN HEn Fans when the good times roll!
Remember, The Anointed One just hosted the Dali Lama and sold the Kuomintang Remnant Military Force currently fortressed on Formosa/Taiwan some $6,000,000,000.00 in arms. Certainly those two (2) acts should have stimulated the Chicoms to aggressively dig new air raid shelters cum underground malls in Foochow City in Fukien Province! Guess who is most likely to pick up those lucrative no-bid contracts? Our GREAT management team at Renhe Commercial Holdings, dats who dat! All IMHO.
ShysterChaser
15 years ago
Tonight my wife and I hosted the inventor of securitized mortage loans. He started it back in the 1980s as the President of a bank.
He made lots of money, but a heart attack from the stress almost did him in, so he retired. He informed us that he only did whole mortgage loans, not slices; he had documentation and histories on each and every loan. He bundled them by locales. Before he did the deal, his counter-parties were all lined up and the standards were assured and guaranteed.
This most knowledgeable and estimable fellow told us that it was the subprime loans, the nInJA loans, the garbage that destroyed the game. They killed a golden goose by doing away with solid underwriting and corrupted the system. The eventual collapse was foreordained in 2004.
ShysterChaser
15 years ago
Just in case you haven't figured out why the US economy collapsed and the credit markets crashed, allow me to provide some insights and lay the blame. This dissertation is a result of my ruminating over the latest World Economic Forum meeting in Davos when only ONE (1) panelist dared to hint at the truth.
Either they don't get it, or they don't want to tell accurate reality.
The mess is related to what the Wizards of Wall Street do best:Innovate and Create financial instruments which nobody comprehends, but which they can manipulate for their own profits. The class of these financial instruments is known as DERIVATIVES. At Davos, only the Chinaman from the Chicom financial world was even willing to surface the magnitude of the problem which still exists.
He offered data suggesting that the entire global GDP is leveraged by derivatives at about 16:1. He understated the genuine situation. There is approximately ONE QUADRILLION US$ in derivatives floating around. If you add up the total global GDP, you will find that it is around One Hundred Trillion USD. The entire global valuation has been cut and diced and sold as pure speculation on the come. And nothing has been done about this practice!
Want to look at one horrible example? Reference Goldman Sachs' wizardry. Citation: GSAMP-300 of 2006. They bundled subprime residential housing mortgages with subprime second mortages. The cut up the offering into three (3) tranches and sold their handiwork all around the world. One of the reasons that they could peddle this crap which was most probably based upon nInJA loans with little, if any, documentation was that the rating agencies rated this crap AAA. By the way, you do know how the rating agencies receive their monies for doing the rating and who pays those fees, don't you?
When the American housing bubble burst, the wallpaper collapsed. Two (2) of the cited Golden Slacks tranches of the issue have lost 90% of their value and the third one has been marked to market at a huge loss, too.
Unless the hedgies and the Wizards of Wall Street have their enthusiasm curbed, they will continue to create derivatives and continue to leverage the world economy beyond any reasonable limits.
In my humble opinion, the game has to be stopped. Only actual end users of commodities should be able to engage in futures trading and must take deliveries. The Wall Street wizards are creating illusions out of whole cloth for their own profits and passing fees to all of the accomplices. The American taxpayer in on the hook for hundreds of billions of bux just to AIG because they were able to build a casino on top of a regulated insurance business.
Our financial mess stems in part from innovation and creation that has little basis in reality added and abetted by white collar criminals who sold the mortgages, arranged the creative financing, and packaged and bundled the mortage-back securities which were sold globally. We are the bagholders. Nothing is being done to change the system.
Systemic risk is what is being wrought. Systemic failure is still a scary possibility. But the Wizards received huge bonuses for screwing the honest men and women. Something is rotten in America! All IMHO.
ShysterChaser
15 years ago
Who dat? Who dat that think they can beat them Saints?
Enjoyed the Super Bowl game; did NOT see any commercial that turned me on this year, although the Snickers candy puton about old people who were hungry was unique. Thought the Doritos ad with Jalen snacking the corn-rowed ghetto-headed punk in the face and warning him to keep his hands off his momma and his Doritos was insightful, but a sad commentary on single moms in the black community; Jalen displayed protective instincts as a child, but the message was that young black boys without a daddy don't get to enjoy carefree childhoods. All IMHO.
Saints win was as good as Renhe getting a contract to build a new air raid shelter/underground mall in Fukien!
Come on, all you wReN HEn Fans, how about a great big celebratory cheer: Let the Good Times Roll in Nawlins!
ShysterChaser
15 years ago
G'day, my fellow wReN HEn Fans!
After digesting both reports and data, I have come away with some sparklers for all to consider, to wit
At the beginning of this decade, our Chicom friends have set a high goal of moving from imitation to INNOVATION.
That translates, "Well we had our Open House which were the Summer Olympic Games of 2008. People from everywhere came. We were good hosts, but we did win several Gold Medals, too. Now we don't have to follow, but we can get ahead of the world."
From Gold Medals to scientific, economic, and theoretic achievements signified by Nobel Prizes. The Twenty-First Century will be The Chinese Century. All IMHO.
And what does the trend show? The construction industry is right up front with a 20% growth curve going forward. And which Chinese unique construction company has three (3) decades of achievement in a niche property/real estate sector? TIA.