Topic: How To Invest

What is Pat’s commentary for the week of January 9, 2024

Article Excerpt

We may see some wild market action from now till next week, due to the January 13 election in Taiwan. China’s Communist party may once again send fighter jets to make threatening aerial maneuvers over the island, as it has in the past when it felt it wasn’t getting the respect it deserves. In this case, it hopes to encourage Taiwanese voters to favour politicians/political parties that Beijing sees as less opposed to its long-term intention of claiming Taiwan. Some media kibitzers may dwell this week on Beijing’s dreams of an easy Taiwan takeover. They may take China plans seriously when it huffs and puffs about its supposed right to invade and conquer Taiwan at a time of its choosing. My guess is that threats from China about invading Taiwan are about as worthy of being taken seriously by investors as threats coming out of North Korea, say, or Iran, or the Mexican drug cartels. Ranting and raving that comes out of China (more…