Peter Pham

Editor's Choice

  • Lying About LIBOR? Cui Bono?

    By Peter Pham - July 10, 2012 | Tickers: BCS, JPM, NES.DL, SGF | Editor's Choice

    With news that the LIBOR has been under serious manipulation since at least 2008 for the benefit of U.S. and European lenders at the expense of the U.S. and European taxpayers, the opinion of bankers could not be at a lower ebb.  This is a real shame, because banking (responsible community building through pooled savings banking) is the cornerstone of modern civilization and foundational to the structure of more »

  • Google Minus

    By Peter Pham - June 27, 2012 | Tickers: ATVI, EA, FB, GOOG, LNKD | Editor's Choice

    The social media wars have proven to be the most engaging media struggle since Leno and Letterman duked it out for Carson’s desk back in the early 1990s.

    Nature Abhors a Vacuum

    Facebook’s (NASDAQ: FB) spectacular success is the result of a perfect storm of good ideas, good execution and great timing. Not to take anything away from Zuckerberg, but if not for the failures of MySpace and more »

  • Slow the Bloat To China

    By Peter Pham - June 25, 2012 | Tickers: HBC, FXI, EWA, NKY, WYNN | Editor's Choice

    According to the IMF, China’s contribution to global economic growth has increased to an average of 31% from 2010-2013, up from just 8% in the 1980s, making it the world’s largest single contributor to global GDP. China’s GDP growth in Q1 2012 was 8.1%, a three-year low.

    With the Eurozone on the brink and the US still treading water, the world is again looking to China more »

  • Honda Survived the Storms to Become Stronger

    By Peter Pham - June 25, 2012 | Tickers: HMC, TM, VLKAY | Editor's Choice

    Honda’s (NYSE: HMC) global market share has been slipping. In 2011 its US sales fell by 7% over 2010.  Even in India, their most important market, Honda saw its sales decline 8.5% to 54,427 vehicles in their last fiscal year.  Sales were limited during the period due to constraints in the supply of components from Japan and Thailand, as the natural disasters in both countries hit Honda more »

  • Pinterest: The Art of Pinning

    By Peter Pham - June 22, 2012 | Tickers: FB, GM, GOOG, MSFT | Editor's Choice

    Media & marketing guru Seth Godin likes to talk about how connecting with social media and web 2.0 is all about finding your tribe. We now are no longer restricted by geography when it comes to who we associate with and who we do business with. Instead of trying to mold oneself to the market in one’s physical proximity, we can now easily find an audience for whatever or more »

  • A Coke and a Smile for Myanmar

    By Peter Pham - June 19, 2012 | Tickers: KO, PEP | Editor's Choice

    It’s not often that a company gains access to a new market of 55 million overnight, but that is exactly what will happen when Coca-Cola (NYSE: KO) re-enters Myanmar after 60 years in exile. In the wake of recent dramatic changes in the country, including the release of Aung San Suu Kyi from house arrest and quick, sweeping democratic reforms, the United States government has lifted long-standing economic sanctions more »

  • Sanctions Lift Implies Attack on Asian Banks

    By Peter Pham - June 18, 2012 | Tickers: EWS, SLV, GLD | Editor's Choice

    On June 11th the U.S. State Department granted waivers for impending financial sanctions for seven countries who had not previously gone far enough in curbing their use of Iranian oil to be included in the first round of exemptions, which included Japan and many countries on the periphery of Europe.  This latest group: Malaysia, Taiwan, Turkey, India, Sri Lanka, South Korea and South Africa, are now no longer more »

  • School's Out For Summer

    By Peter Pham - June 11, 2012 | Tickers: FB, GOOG, EWA, MSFT | Editor's Choice

    With much of the western world roiling in economic distress and unsure about the future, many have been left questioning old and trusted paradigms and wondering where the path forward is. One of these is the idea that if you went to school and got your degree that you would be able to get a good job and earn a good living.

    The financial crisis of 2008 shattered this notion more »

  • Marco Pivot Point

    By Peter Pham - June 4, 2012 | Tickers: FXY, TLT, NKY, BNO | Editor's Choice

    There are a number of advantages to having a strong currency but short-term export growth is not one of them.  Japan is at an interesting crossroads as the events in Europe play out.  The strong appreciation of the Yen versus both the U.S. Dollar and the Euro is obviously making it difficult for Japan to goose net exports via currency devaluation.   So far they have resisted further easing to more »

  • More than one Way to Skin an Apple

    By Peter Pham - June 4, 2012 | Tickers: AAPL, CMGE, ZAGG | Editor's Choice

    Any fashionista will tell you that the key to a great outfit is great accessories. Be it themselves, a pet, their car or a phone, people love to dress stuff up. ABI Research estimates that global revenue from aftermarket accessories sales will be in excess of $50 billion by 2015.

    A major player in the space, ZAGG Inc (NASDAQ: ZAGG), earned revenues of $179 million in 2011 from sales of more »

  • Uncertainty Shifting Foreign Investment

    By Peter Pham - May 29, 2012 | Tickers: VNM, GLD, BNO, WMT | Editor's Choice

    With the fantasy of the rally in U.S. equities having met the reality of what’s left of the functioning economy around the world, as always the really telling economic indicators lag behind the effects of them.  If the U.S. economy was truly beginning a new boom phase and the debt situation in the Euro-zone periphery was contained in a meaningful way then the flow of investment funds more »

  • Currency Wars Heat Up

    By Peter Pham - May 29, 2012 | Tickers: CME 130518C00060000, FXY, ICE, GLD | Editor's Choice

    I don’t know about you but to me events seem to be accelerating as we hurtle along toward what feels like another crisis point.  These are historic times we are living through as the global monetary system undergoes realignment.  The last time something like this happened World Wars I and II were fought and the global banking system moved its center from London to New York.

    Some of the more »

  • The Post PC Age

    By Peter Pham - May 28, 2012 | Tickers: AAPL, DELL, GOOG, HPQ, MSFT | Editor's Choice

    A number of analysts have declared this time the Post-PC Age and while I agree that that age is inevitable, I do not think it’s here yet.  Dell Computer (NASDAQ: DELL) posted very disappointing earnings for the first quarter of 2012 yesterday that had as much to do with the global-macro reality than it did with any structural changes to the PC industry. 

    Let’s not kid ourselves, Dell more »

  • Iran, the BRICS and Why Gold is Now Money

    By Peter Pham - May 28, 2012 | Tickers: FXRU, UUP, SPY, GLD, BNO | Editor's Choice

    While seemingly the entire world was focused, self-referentially, on the Facebook IPO, from my perspective far larger issues were being ignored.  The S&P 500, traded as the SPDR S&P 500 ETF (NYSEMKT: SPY), is within 3% of its opening price for the year, having wiped out in 13 days nearly the entire first quarter rally that had everyone so ready to jump on the Facebook bandwagon

    Looking at more »

  • Sterilize This!

    By Peter Pham - May 21, 2012 | Tickers: TLT, SPY, GLD | Editor's Choice

    Given the state of capital markets I thought it might be a good idea to review what the Federal Reserve is doing versus what we think is happening or is going to happen.  The never-ending question of whether or not the Fed will engage in another round of Quantitative Easing misses the point of what is happening right now.

    Because, right now, looking at the monetary statistics, the Fed has more »

  • Think Apple, Think Asia

    By Peter Pham - April 26, 2012 | Tickers: AAPL, BBRY, GOOG, MCHI | Editor's Choice

    Apple (NASDAQ: AAPL) reported their latest earnings earlier in the week and it shocked a number of people, especially those who only see the world through the eyes of the West.  Living in Ho Chi Minh City, Vietnam, I can tell you first-hand that the demand for Apple products here is nothing short of insane. 

    The official numbers out of China were enough to make the headlines with Apple selling more »

  • The Dangerous Game Between Iran and the U.S

    By Peter Pham - April 18, 2012 | Tickers: BP, COP, PBR, BNO | Editor's Choice

    The current state of high alert in the oil markets is entering its third year as tensions between the U.S., Israel and Iran over Iran’s uranium enrichment program have risen.  Details of military maneuvers and instances of financial warfare have placed a bid underneath the price of Brent crude (NYSEMKT: BNO), the benchmark for oil pricing in most of the world.  The rhetoric reached a fever pitch in more »

  • Inflation Expectations and Gold

    By Peter Pham - April 17, 2012 | Tickers: GLD | Editor's Choice

    I’m not going to bore you with the macro argument for investing in gold.  If you want that there are thousands of links on Google going over it in grave detail.  My purpose today is to highlight what has happened recently and what is happening now to make the argument that gold, SPDR Gold Shares ETF (NYSEMKT: GLD) is a buy.

    As the Central Banks Turn

    In 2011 China more »