The Global Opportunities model portfolio has recently been updated. Changes to the model include as follows:
Buy Freeport McMoran FCX
     2.0% Total Allocation 
Buy China Mobile Ltd. CHL
     2.0% Total Allocation 
Buy Yanzhou Coal Mining YZC
     2.0% Total Allocation 
Buy Oracle
     Add 1.0% to Raise Total Allocation to 5.0% 
Buy Petrobras 
     Add 2.0% to Raise Total Allocation to 4.0% 
Buy Transocean
     Add 2.0% to Raise Total [...]

The Treasury Department announced last week that ten of the TARP recipient financial institutions will be allowed to repay their government provided lifelines. Surely there was rejoicing in the halls of Goldman Sachs and JP Morgan - Free at last, thank God almighty, free at last! - but one can’t help but wonder what all the fuss [...]

Treasury Secretary Geithner visited China last week to assure our largest creditor that the US was serious about controlling government deficits and protecting the dollar denominated assets China has so generously accumulated. The official Chinese response was polite, but the response from a group of Chinese students was less constrained by the niceties of diplomatic exchange. They must [...]