Stephen Leeb News
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Chinese stocks traded in New York slumped, led by commodity producers and manufacturers, after data showed inflation in Asia’s biggest economy unexpectedly accelerated to a seven-month high.
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Chinese stocks climbed a fifth week in New York, rallying the most since September, as manufacturing data added to signs the economy is recovering and as the U.S. budget deal boosted China’s second-largest trading partner.
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Chinese stocks climbed a fifth week in New York, rallying the most since September, as manufacturing data added to signs the economy is recovering and as the U.S. budget deal boosted China’s second-largest trading partner.
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Most Chinese stocks traded in New York fell amid speculation the U.S. regulator’s move to sanction auditors over their investigation into China-based companies is deterring investors.
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China’s economy is headed for a “hard landing” this year as weaker demand overseas chokes off exports, said Gary Shilling, who correctly forecast the U.S. recession that began in December 2007.
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Debt defaults in China are “not a major concern” for China this year and the country can avoid serious defaults, Stephen Leeb, president of Leeb Capital Management Inc., said at the Bloomberg Link China Conference in New York today.
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Stephen Leeb, president of Leeb Capital Management, talks with Bloomberg's Pimm Fox and David Wilson about the oil industry, commodities, telecommunications and investing in China.
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Chinese stocks traded in the U.S. have been tainted by allegations of fraud involving companies like Sino-Forest Corp. and are “pretty much untouchable,” according to Perella Weinberg Partners LP’s Daniel Arbess.
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Stephen Leeb, editor of The Complete Investor newsletter, talks with Bloomberg's Pimm Fox and David Wilson about so-called high-flying stocks that performed well over the past decade and that still may be good investments.
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