Dear %%first_name%%,
I’m in Hong Kong today and can tell you first hand that if retail spending is anything to go by, then we shouldn’t be too worried by slightly slower than expected economic growth reported by China last week. Everywhere I go I see Louis Vuitton, Chanel and Yves Saint Laurent shopping bags.
Yes, of course, we do rely on China for a lot of things but I don’t think it’s as bad as famous bear hedge fundie Jimmy Chanos says. I much prefer to run with the bulls on this one.
Also in the Switzer Super Report today we take a look at Newcrest Mining in light of the gold price tanking last week. Perhaps it’s the perfect time to buy?
Barrie Dunstan gives us a sneak peak into what he does with his SMSF in pension phase and Paul Rickard puts the latest offering from Centuria Property Funds under the microscope.
In the broker report by Rudi Filapek-Vandyck, Boral and Incitec Pivot get upgrades, while miners are on the way down, and our weekly auction clearance report shows Melbourne outperforming Sydney on the highest-priced property auctioned last weekend.
Sincerely,
Peter Switzer