UK 17:12 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
So as 2015 dawns we can gaze upon the familiar wreckage that is the new norm for the Euro. The blood coming through the Greek bandages, which we were assured were merely little bits of residual bleeding, are now exposed to be the full-on broken limbs some of us said were always there. How much has been spent on Greece? Does any body know? €45 bill to start in 2010, two months later €130bil, €130bil in 2011, the default of 2012 for €206bil and another €130bil needed at the end of 2012…is this the same money: does anybody care?
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Comments
handybrownone
Dear Richard
A very nice piece and some interesting points. Buy Russia and buy gold in summary? Some other trends – China no longer is the cheap factory of the world – offshoring moving into Indonesia for low end stuff, Vietnam etc. high tech moving out of china back to the USA – IP getting knicked and now US competitive for skilled labour lots of nice tax incentives and cheap energy. China to move up the value chain? Not sure I’ve not yet bought a Chinese car or anything invented in china. Its a state run centralized economy – where will the enterprise and innovation come from for future growth? Recently China stated that they wish to double the number of patents filed in 5 years -but all the patents I read from China are rubbish and a waste of paper – they are just people fulfilling a target by filing some patents and wasting money. Also they said they wanted to invent some drugs in China and sell them to the west – new drugs – they bought the old Pfizer Sandwchih clinical dept about 6 years ago – no heard a thing – nothing…India has invented and brought to the USA market its first new pharamceutical – that is impressive.
Russia – massive shrinking population – third world health no manufacturing base – just oil, gas and vodka.
There are so many conflagrating factors. 100bn investment BRIC fund does not impress me it could all be pissed up against the wall in a China real estate bubble tomorrow.
Also BTW – perhaps get on with Wishbone rather than writing on SP? The last placing price was 1.5 and today it reached 0.45 and all time low. Even in AIM that is not a good record.
J P Spaghetti
“Putin is still there with domestic approval ratings over 80%” Really?! Like the Morrison quote, by the way.
“Out here on the perimeter there are no stars”
Richard Poulden
Handy,
You also make some good points. However 1) do not underestimate Russian technology: they put the first man in space and stayed there when the USA did not. 2) I have seen excellent healthcare technology from Russia in some cases way ahead of the West. Check out the research by Konstantin Korotkov at the University of St Petersburg.
Chinese inventiveness? They are coming from a low base but right now Great Wall are taking the market for 4×4 pick ups and low end 4×4 vehicles the way Toyota took out Land Rover before they realised it. Also, examine the defence technology: Mach 10 DF-21D missile shore to ship for example.
Lastly let me comment on Wishbone. We are severely limited in what we can say in London and are not allowed to comment on projects or acquisitions on which we are working. I can only point you to the fact that I underwrote £500/- of funding last year and clearly would not have done that if I did not believe in our strategy.