Strategic China/Global Sovereign Wealth Fund Asset Allocation and Risks Management
Proactive Structural Asset Pricing , providing the what, why and
how, timing of asset allocation to Maximize Sovereign Wealth Fund
Risk Adjusted Return
2008 China/US housing prices bubbles
burst impact on inflationary slowdown, stock markets outlook
Dr. Warren Huang will be the full day master
class workshop lecturer for Terrapinn Fund World China 2008
conference, Shanghai Pudong Shangri-La hotel, March 6 offer Proactive
structural China/global asset pricing,
2008 credit tightening, recession impact on BRIC,Optimal 1x0/x0
long-short hedging, asset allocation
strategy 2008
Dr. Warren Huang Wall Street Journal
Street daily Economy, Energy, Market OSA Blog :
www.osaglobalstrategicmanagement.com
Dr. Huang predicted on Wall Street energy, economic, market beat
blog July oil price soared to 80, Dow Jones plunged
to12600 and global stocks plunged 20 %
Dr. Huang accurately predicted on this web page
since June 2007 and lecture to Peking University , China int'l
financial
engineering risk management conference that US and global
housing bubbles bubble burst, billions dollar loan mortgage
and hedging fund default betting on the wrong side of interest
rates resulted global stock indices are extremely overpriced, will
follow US Dow Jones, NASDAQ for 10- 20 % bear market correction continue
into next year due to soaring oil, metal
prices, inflation and continue rate hikes
into 2007 slowdown, housing bubbles sub-prime and jumbo mortgage
credit crunch, default risks will give up all 2006 gain in current correction, US money supply growth already doubled to 6.2 %
from last year 3.5%, due to housing, stock market wealth gain, recent US Fed
0.5 % discount rate cut and
ECB pumped 400 billion dollar into the banking systems will further inflate the stocks, housing, oil, commodities asset bubble and highly
inflationary and continue into second
stage correction with US dollar plunge( give up all 2006 gain)
China stepped up its credit tightening to remove 1.5 trillion excess
market liquidity, by raise rate 5 time, bank deposit rate 10 times to
record 14.5 %, Nov. CPI still up 6.9, facing increasing tightening
pressure.
Dr. Huang warned to Tianjin Nankai
University Global corporate governance on Monetary, economic, fiscal
policy, macroeconomic, housing industry , excessive liquidity control impact on Shanghai Shenzhen 300
index future price bubble will make 20 % correction
to 4900and housing bubble
forecast for China
corporate governance scandals Nov. 3, 2007
He will also offer the following workshops to the banking, finance,
real estate industries.
5 day optimal
long-short strategy for 130/30 ETF
equities hedge fund asset allocation and portfolio selections
over 40 countries
Full day China/
Global Macro-economic control, credit tightening housing
control REITequities
bubble control and Default Crisis Early Warning
Full day BRIC
ETF index price performance, country risks, oil, banking, IT equities bubble control, Default
Cris
5 Day BRIC
ETF index price performance, country risks, oil, banking, IT equities bubble control, Default
Crisis workshops
5 Day China Macroeconomic, Housing , equities bubble control and Default
Crisis Early Warning
5 Day US Macroeconomic, Housing , equities bubble control and Default
Crisis Early Warning
5 Day UK Macroeconomic, Housing , equities bubble control and Default
Crisis Early Warning(full day
strategic wealth fund asset allocation workshop )
Chinese
Mortgage Bond Crisis Early Warning
Mortgage Default
Risks Early Warning Workshops
by Dr. Warren Huang Pioneer Proactive Asset
Pricing OSA,
chief editor www.OSAGlobalstrategicmanagement.com/www.osawh.com
Goal, Objectives:
Proactive Structural Global Asset Pricing Strategic Decision Analysis tool provide
global top government officials and SWF asset allocation managers maximize risk
adjusted return in their global equities, commodities, real estate , currencies investment
in fight global financial crisis and global economic boom and bust cycles
Missions:
Development, implement thousands proprietary Proactive
Structural Asset Pricing Strategic global economic systems( macro, financial,
industrial, trade ) integration and capital markets Operations
Simulations Analysis (OSA) Decision Analysis model simulators provide global top
government officials and SWF asset allocation managers reliable demand and
prices market forces mechanism achieve maximize risks adjusted return
Pioneered by Dr. Warren Huang two master hands controlling major global
economy and financial markets prices , forecasts years, month ahead of the
emerging market trend, maximize risk adjusted return in their global equities,
commodities, real estate investment
These simulators have been tracking , forecasting last 20 years daily global
central banks monetary, fiscal, economic, WTO trade policy impact on daily
macroeconomic inflation control, interest rates, currency, commodities prices,
20 sectors (real estate housing, energy, finance, manufacturing )
upstream/downstream products demand, prices market forces mechanism, corporate
earning, stocks , futures prices.
It has been able to provide the what, why, how and timing of global equities,
commodities, real estate, currency asset pricing and associated credit default, market
crash volatility risks
achieving maximized risks adjusted return in last 20 years global currency,
financial, energy and asset bubbles burst crisis for China, US, Taiwan, Asian 30
millions HNW and institutional investors.
These simulators will be the necessary daily strategic decision tools for global
SWF asset managers in asset allocation and risks management.
Dr. Huang predicted July oil price soared to 80, Dow Jones plunged
to12600 and global stocks plunged 20 %
Dr. Huang accurately predicted on this web page
since June 2007 and lecture to Peking University , China int'l
financial
engineering risk management conference that US and global
housing bubbles bubble burst, billions dollar loan mortgage
and hedging fund default betting on the wrong side of interest
rates resulted global stock indices are extremely overpriced,
will
follow US Dow Jones, NASDAQ for 10- 20 % correction due to soaring oil, metal
prices, inflation and continue rate hikes
into 2007 slowdown, housing bubbles sub-prime and jumbo mortgage
credit crunch, default risks will give up all 2006 gain
in current correction, US money supply growth already doubled to 6.2 %
from last year 3.5%, due to housing, stock market
wealth gain, recent US Fed 0.5 % discount rate cut and
ECB pumped 400 billion dollar into the banking systems will further
inflate the stocks, housing, oil, commodities asset bubble and highly
inflationary and continue into second stage correction with US dollar
Review of current global SWF Investments:
In addition to Norway ($300 billion), Singapore ($300 billion), Kuwait ($200
billion) and Abu Dhabi ($500 billion to $600 billion). Korea, United Arab
Emirates, Brunei, Malaysia, Taiwan, Canada and Chile invested total 1.5 trillion
US dollars in Sovereign Wealth Fund (SWF), China is creating a new $200-billion
to $300-billion "sovereign wealth fund" to diversify its foreign holdings away
from U.S.-dollar bond and to make large-scale equity investments in companies
overseas. The money will come from the more than $1.33 trillion currently holds
in reserves, China has made its first investment from the fund: a $3-billion
non-voting investment in 10 % of Blackstone Group with recent IPO share price
between 28-36.
China's diversify its vast holdings through
China Foreign Exchange Investment Co. will provide a fresh supply of cash for
the purchase of foreign assets ( equities, real estate, commodities ) instead of
U.S. bond which currently account for 99.9 percent of China's holdings
All SWF investing in global financial assets markets looking for better
investment return will be facing daily general macro , industrial economic systemic risks
like country currency, inflationary, interest rates, equities, commodities price
shock risks and specific corporate business margins operations risks, which may
causes trillion dollar NPL or investment loss in global currency, financial,
energy and asset bubble burst crisis.
What , why , how and timing of Global/ China SWF Asset Allocation Risks and Return Operations Simulations
Analysis
Proactive Structural Asset Pricing Strategic global economy and capital markets
Operations Simulations Analysis (OSA) Decision Analysis model simulators provide
global top government officials and SWF asset allocation managers reliable
demand and prices market forces mechanism of major global economy and financial
markets prices , forecasts years, month ahead of the emerging macro and
industrial economic
control, capital market trend,
maximize risk adjusted return in their global equities, commodities, real estate
investment
SWF investment return and risks = F ( commodities prices/equities corporate
profit margin, country currency risks, Macroeconomics , financial markets
investors sentiment risks)
Proactive decisions for two master hands controlling,
tracking forecast years, months ahead of the emerging market trend of global
equities, commodities, currency prices,
risks
tracking forecast last 20 years 100 countries currency for Taiwan 300, 000
import/export managers
Proactive decisions for two master hands controlling
orecast years, months ahead of the emerging market trend of global
oil, energy, commodity
banking, finance,, real estate housing prices, defaults risks
tracking and forecast month last 20 years daily Asian, US, European oil, energy,
commodities downstream cash, futures, housing, IT asset prices bubbles in global
, banking, finance, energy crisis for patented
in US and supporting Oil & Gas Journal, Hydrocarbon Processing 80
countries 1600 multinationals executives
www.osawh.com/hp2001h.html on Advanced control and information
systems handbook 1991-2005 and Taiwan 300,000 import/export commodity
procurement strategy
Proactive decisions for two master hands controlling global macroeconomic
control, stock indices
investor sentiments and thousands listed stocks, 40 countries ADR ,
IPO prices
offered thousands executives investment risk management workshops for
millions US, Asian,
European CEO, senior executives and US, China, Taiwan 15 cities 30 million TV,
radio investors tracking, forecasted years, month ahead of global macroeconomic
control, dailystock, bond, commodities, futures prices
SWF investments asset allocation risks management
OSA
Dr. Warren Huang accurately predicted BX plunge below 27,
test new low, on July 6, this page, It did plunged below
27.3 on July 19 and test 23 on Sept 4..
China 3 billion investment in US Blackstone Group (BX): despite BX enjoyed US
recent real estate, communication, retail boom, its performance has been
peaking out . IPO soared from 28 to 36, it will be testing below 20 due to US
facing inflationary slowdown dragging BX major real estate ( subprime and
falling housing demand and prices) and weakening retail investments, sharp
competitions in its communications group, and peaking out in energy commodity
performance),
China SWF invested 5 billion USD in Morgan Stanley Dec. 2007 with nonvoting
right, two year convertible stocks reference price 49- 58. after Morgan announce
loss 3.6 billion due to mortgage default loss, stock price plunged to 47.6.
Dr. Huang accurately predict on Wall Street Journal Market Beat Blog, Sept. 14
that US investment banks facing tough fight against US housing slump mortgagee
default continue into 2008 summer, will give up all its gain in speculate
on Fed rate cuts. and making new low, all stock prices will be down 30- 50
% , with over 50 % for those under loss.(Merril Lynch, Citi, MS)
It is too early to invest in any US banking, finance, housing stocks, as the
worse of housing slump is not over,
These stocks prices continue follow US housing price slump, with widening loss
in write off loss.
China investments still subject to currency exchange loss due to RMB
appreciation
He accurately predicted Aug 16, US sub-prime crisis drag Dow plunge 1200 to
12600
4 millions global investors visited Dr. Warren Huang
www.osawh.com website daily proactive asset
allocation and risks early warning tracking forecasts daily global real estate,
energy, commodity, equities prices performance.
He lectured thousands QFII executives, multinational oil, banking, finance
executives in Beijin, Singapore, Shanghai, San Francisco, 2003-2004 warning US
/China housing, equities commodities bubble and interest rates hikes 2004-2007..
He warned again to hundred US,. global oil CEO, securities companies VP in
Beijing on China natural gas and oil market investment conferences Feb, Nov 2005
that oil price will be soared from 45 to 78, metals, commodities prices
soared to new high and China's A share enjoyed bull market rally from 1000 to
current level in 2006- 2007
It is premature to jump in any speculation of global real estate mortgage,
banking, finance investment. The current US sub-prime mortgage default will be
spread into jumbo mortgage as interest rate already jump from 6.5 % to 9
%, housing recession will extend into summer 2008 and UK, EU
Barclays merger investment and Bank of America 2 billion investment in
Countrywide will facing downside risks .
China housing, equities twin bubble facing slowdown, burst next year
Dr. Warren Huang Wall Street Journal Real Time Economic Blog Dec. 29, 2007
send your comment to Dr. Warren Huang wh3928@yahoo.com
1. Housing sales, and housing starts will continue follow housing price slump which holding up buy rate cuts supported stock market rally.We will not see the trough, the eventual tough of housing price slump and sales, start trough until stock market end its correction and crash with the housing markets prices next summer.
2. Gold price speculation only on economic fundamental, not on geopolitical events,soaring demand, plunging dollar pushed record oil commodity, gold prices, inflation not by any geopolitical crisis.
3. It is meaningless for checking stock index ending the last day of the year.Stock prices responded dynamics to the price mechanism ( fundamentals, macro-financial economy, sectors supply, demand)
not on any specific calender, regardless January or year end effect. Strong December can not guarantee strong Jan.. Housing slump will drag market into bear correction in 2008.
It is still premature for Soverign Fund (SWF) petrodollar to pick up the financial mess due to mortgage default.
These banking, finance, housing stocks write off have not seen the worst.Early summer of 2008 is much better timing.As Citi make its new low after ABU cash injection.
Morgan, Merril will find new low in the month ahead.
details can be found on
www.osawh.com/fund2008.htm and www.osawh.com/SWF.htm