Jim Rogers, a widely-quoted commodities investment guru, moved to Singapore and is teaching his young daughters Mandarin because the future is in Asia. The Chinese economy rolls on and on with high growth rates. And yet, there’s reasons to be skeptical about the economic boom that is heralded to come.
This week’s exhibit A comes from an article by Dr. Brahma Chellaney in the Singapore Straits Times:
A favourite theme in international debate nowadays is whether Asia’s rise signifies the West’s decline. But the current focus on economic malaise in Europe and the United States is distracting attention from the many serious challenges that call into question Asia’s continued success.
Professor Chellaney is the author of a recent book titled Water: Asia’s New Battleground.I’ve not yet ordered the book, but from reading excerpts and reviews it appears to be on the alarmist side. That will not take away from the realities that purportedly endless growth eventually smacks up against physical constraints, such as water and arable land resources. I’m sure it’ll be an entertaining enough read.
Exhibit B comes from of my favorite travel writers,, writing on Stratfor about the conflict and source of tension between the two great powers:
“The India-China Rivalry”
As the world moves into the second decade of the 21st century, a new power rivalry is taking shape between India and China, Asia’s two behemoths in terms of territory, population and richness of civilization. India’s recent successful launch of a long-range missile able to hit Beijing and Shanghai with nuclear weapons is the latest sign of this development.
And for balance, here’s the folks at Control Your Cash on why you shouldn’t worry about events far far away:
Just like most of the non-financial headlines (“Amanda Bynes Gets DUI”, “Scientists Find Connection Between Diet, Weight”, “Some Chick Casts Aspersions on Ann Romney”), the financial headlines are there largely to take up space.
Legitimately important financial items – this county to increase its sales tax rate, this state to float bonds it won’t be able to cover – get buried because they’re even more mundane than the stuff that makes it to the headlines.
Agree with the premise. Spend too much time fretting about events halfway around the globe, and you won’t get anything done closer to home. Your home.
Me, I’m interested in Asia geopolitics from a personal and business perspective. I travel there once or twice a year, and some of our family’s stock investments (such as oil and gas stocks) are directly affected by economic events in the region.
And, no danger of widespread fretting over either headline. Neither made it in above the fold in the North American news cycle (I checked).
Investing & Personal Finance
If interested in dividend stock investing, a good place to start is Dividend Monk’s latest roundup of dividend stock investing articles from around the web.
Financial God has a rundown on what not to do: Five Tips on How to Protect Yourself from Getting Financially Destroyed
During the California gold rush, the entrepreneurs who made solid returns were the ones who sold the shovels and clothes to the gold miners. Mich @ Invest It Wisely tries to capitalize on the North America exploration boom with a bet on a services company.
Average Joe @ The Free Financial Advisor has a few thoughts on retirement.
Paper or plastic? New or Used car? JT @ Money Mamba breaks it down. Why Do People Say You Should Buy Used Cars? Because They Haven’t Shopped for One
Of course any post by Darwin’s Money is going to make the cut. Financial Musings on my Vasectomy
Shilpan @ Street Smart Finance on How To Super Charge Your Relationship
Kevin @ Invest It Wisely with How These Mental Anchors Are Seriously Holding You Back in Life
Joe @ Retire By 40 with Don’t Quit Your Job To Follow Your Dream
Steve @ Brip Blap has a good list of what and what not to do to build prosperity… “38 Random Thoughts on Building Prosperity”. The best one: don’t be stupid about frugality. “Frugality does not mean spending ten hours sewing socks together that could be replaced for $8, or using a blend of toenails, toothpaste and BubbleYum to make homemade glue. Your time must be SPENT wisely.“
Miss Shawanda @ You Have More Than You Think with a whole week’s worth of menu plans, including white bean and sausage stew, which sounds *really* good.
How to improve on regular ol’ brownies? Toots posting at WorkSaveLive shows you how, with Better-Than-Crack Brownies.
A short tip on square foot gardening, the method popularized by. Instead of building the bed out of 2″ x 6″ lumber, make it 8 or even 12 inches high. You can still put the six inches of “Mel’s Mix” (compost, vermiculite and peat moss) as the growing medium, but the increased height of the borders will allow for a few inches of mulch on top of the mix.
The mini-farm is doing just swell @ Mike and Molly’s House.
Carnivals and Roundups
Carnival of Financial Camaraderie #30, hosted by My University Money
Carnival of Financial Planning #234, hosted by Personal Dividends
Carnival of Financial Planning #233, hosted by Boomer and Echo
Carnival of Financial Planning #232, hosted by Mom’s Plans
Carnival of Money Pros, hosted by Money Cone
Carnival of Money Pros, hosted by Novel Investor
Carnival of Money Pros, hosted by My Journey to Millions
Carnival of Retirement, 17th Edition, hosted by Young Cheap Living
Carnival of Retirement, hosted by Broke Professionals
Financial Carnival for Young Adults, 8th Edition, hosted by 20s Finances
Financial Carnival for Young Adults, 10 Edition, hosted by 20s Finances
TotallyMoney Blog Carnival- Big Bang Theory Birthdays Edition, hosted by Debt Black Hole
Totally Money Blog Carnival, April 23rd Edition, hosted by My Personal Finance Journey
Totally Money Blog Carnival #65 – Success, Wealth and Happiness Edition hosted by Balance Junkie
Yakezie Carnival, Severe Weather Edition, hosted by Money Q & A
Yakezie Carnival, Earth Day Edition, hosted by Frugal Toad
Yakezie Carnival, 4-22 Edition, hosted by Faithful With A Few
That’s if for this week, folks. Closing with a backhandedly snarky article featured by The Hindu newspaper.
For generations, anxious parents in rural China, like those in India’s villages, prayed to the heavens for a son, reflecting the strong traditional preference for boys over girls.
In some Chinese villages, however, having a daughter is slowly becoming the rage, at least according to recent accounts of families having to shell out tens of thousands of yuan to find brides because of an alarming shortage of women.
Spend a few generations killing off daughters in favor of sons, and soon enough your culture is back to paying dowries.