Here is a typical prodoct German wealth management bankers had to sell to clients on behalf of all big names ( from Morgan Stanley , Credit Suisse etc.) as you had some tax deductibles and made a theoretic yield if in the highest tax bracket 0f 8-10 percent per year assuming the boom would never stop. Besides the fact that those investors are screwed now it also tells the story how the real economic recovery runs- guess the chart needs no explanations. Actually this container chart puts the China boom in a very obscure spot and rather confirms the first trade deficit of China as the numbers they produced are not confirmed by container traffic at all since almost all goods from China come through container shipments.
Sunday, March 28, 2010
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- getagrip
- I am a professional independent trader
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