You are here

Two differing approaches

Two differing approaches

Submitted by Roanman on Sat, 01/30/2010 - 12:38


Taken from China Daily 1/28/2010


China’s $300 billion sovereign wealth fund is considering new investments in resource-related companies after bets on commodities producers from the U.S. to Kazakhstan paid off in 2009.

“China Investment Corp. increased spending on energy and minerals assets last year to profit as the global economy recovers. The Beijing-based fund avoided the worst of the credit crunch in its first full year in 2008 and may have had a return of more than 10 percent in 2009, said London-based Jan Randolph, director of sovereign risk, analysis and forecasting at IHS Global Insight. ‘They have timed the upside well both in market terms, but also to fit in with the longer-term diversification strategy,’ Randolph said.

“CIC has had ‘early’ talks for direct investments in Brazil, the world’s second-biggest iron-ore exporter, and Mexico, the No. 2 silver producer, CIC Chairman Lou Jiweisaid at the Asian Financial Forum in Hong Kong on Jan. 20. Jiwei pumped about $10 billion into commodity-related companies in the second half of 2009, according to data compiled by Bloomberg.

“With China’s reserves at $2.4 trillion and swelling by an average of $37.8 billion a month last year, CIC has asked the government for another $200 billion…” China Daily 01/28/2010


 Taken from the fine site, "Seeking Alpha".

Click anywhere within the body of the paragraph for the complete article.

Another site that I highly recommend for grownup reading.


Steven Gross, the Chief Actuary of the Social Security Trust fund wrote a letter* on 9/15/2008. In that letter he included this graph.


On 2/12/2009 Mr. Gross wrote a letter* to Senator Robert Bennet. That letter contained this graph.



Here is a link to a report produced by the Trustees of the Social Security Trust Funds (“SSTF”).




Two differing approaches

Submitted by Roanman on Mon, 01/11/2010 - 07:31
Subscribe to RSS - Two differing approaches