Tuesday, April 12, 2016

I still own China stocks and believe in China long term

I own China and I haven't sold any Chinese shares at all. I will probably buy more, given the right opportunities and the right circumstances.

Other things I recently bought are short-term ruble-denominated Russian government bonds. I am also taking a look at shares in Russia, Kazakhstan, Nigeria, Angola and Iran.

But for the most part, I may not buy much of anything these days, because I'm pessimistic about the world. There's going to be serious financial market problems sometime in the next couple of years.

Everybody's going to be affected, including China. When you have Europe and America and Japan and other places with problems, everybody's affected.

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