Editor and founder of Global-Investing.com
Contributor's Links: Global Investing

Vivian Lewis is editor and founder of Global-Investing.com, the daily blog newsletter for Americans and others seeking to internationalize their portfolios. She brings unique experience and competence to the business of picking foreign stocks.

After graduating from Harvard magna cum ... more

ALL CONTRIBUTIONS

E Last London Letter
We present some insight on various international stocks on the move.
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E Boxing Day
I am beginning today's blog with an exposé a reader sent me via Spain from the New York Times, about the crooked way that profits are shared at Pershing Square Holdings.
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Pre-Yule Depression
Donald Trump's security is the grinch which stole Christmas. We went to visit the great tree in Rockefeller Center yesterday and many streets were closed to pedestrians and bus stops inactivated because of security.
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E Russian Oil, Renminbi Rumors And Global Stocks
I comment on BP and Putin, the renminbi and movements in global drug, materials and financial stocks
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E Better Than The Maestro
I hope my screed last week about frothy dry bulk carrier stocks persuaded you not to get into that thicket—or to sell out if you had been lured in. The group, led by Dryships, which we sold ages ago, duly crashed.
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E A Stock Bubble
The new protectionism in the US under Trump, and retaliation by other countries will reduce the volume of trade shipped around the world.
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Comments

Latest Comments
War Is Declared - China Just Dropped The Warning Yuan
1 month ago

Overnight on Dec.6-7, there was a scary episode which showed what this might mean when the Chinese #renminbi fell sharply. It seemed like a deliberate devaluation to show Pres.-elect #Trump who controls China's exchange rate policy. But in the end, it turned out to be a fat fingers goof perpetrated Monday night by a UK money brokerage, ICAP plc. Here again we dodged a bullet, as for some years we owned the ADR, $IAPLY. But in fact the bullet dodged was by the whole world, because a deep renminbi devaluation could have caused a major international incident with the future US Administration, and a test of Trump's temper. Luckily it was just an error by markets.

ADRs Best & Worst Report - Monday, Nov. 7
2 months ago

there are no ADR from canada as they cross the border naked. There is not need for a depositary so there are no ADRs,.

In this article: ENI, GFA, GSH, IRS, IX, KUBTY, LFC, LFL, RIO, SBS, SID, SMI, TTM, YZC, ADDYY, DNZOY, NHYDY, SEOAY, MPEL, JOBS
ADRs Best & Worst Report - Monday, Nov. 7
2 months ago

how do you define services which seems to include railroads and airlines. Consumer goods runs from sneakers to autos. You did separate banks and insurance.

and while we are at it, how many pink sheet ADRs are in your universe?

In this article: ENI, GFA, GSH, IRS, IX, KUBTY, LFC, LFL, RIO, SBS, SID, SMI, TTM, YZC, ADDYY, DNZOY, NHYDY, SEOAY, MPEL, JOBS
Global Roundup: Roche, Vale, Novo Nordisk, Teva, Benitec Et Al
2 months ago

thanks for your reply, Mr. Hanshaw. The reason was that NVO reported good numbers but that then the new CEO also issued a warning that US profits would be lower in the 4th quarter. That took Novo down in its Danish homeland.

Then, as we all know, the FBI said it was looking into more Hillary Clinton-linked emails and the US market sold off. I was not on the job because I had to go to a cousin's funeral but I will be writing about Novo-Nordisk results and outlook on Monday when I am back at my desk.

The Bloomberg Businessweek article was about insulin used to treat children who have diabetes. The main reason I recommend Novo is that it is a specialist in other forms of insulin to treat old-adult-onset diabetes and also associated weight gain, a growth drug market not just in the US but also in many other countries which are now rich enough so people can over-eat foods that are not good for their health. The diabetes epidemic is most rapidly spreading in formerly poor countries with a taste for sweets, like Mexico, India, and even China.

So unfortunately for peoples' health but fortunately for Novo which is a specialized drug company whose products are mostly for diabetes the insulin and replacements market is growing fast.

In this article: RHHBY, VALE, GSK, NVO, TEVA
Shock Jocks On Macro-Economics And Diplomacy
5 months ago

you're welcome. My conclusion is that he really believes helicopter money can in principle produce good results if handled properly with the central bank signalling that this is a one-off, and then leaving it to the private sector to respond to the stimulus by spending, hiring, etc.

Mr Llewellyn in the former deputy chief economist of the OECD in Paris who left to join the private sector about the time I moved from Paris. He was hired, alas,

by Lehman Brothers and started his consultancy after that went wrong. I think he is an intelligent economist but my initial reaction to that paper was that it was aimed at boosting his client list. But nobody seems to have reacted to it except me, so that is probably unfair.

Shock Jocks On Macro-Economics And Diplomacy
5 months ago

I asked John Llewellyn to reply to your remark on sterilization. Here is his note for you:

1. Issuing bonds to pay for government expenditure is an essentially sterilised operation: borrow form Peter to lend to Paul.

2. Helicopter money is a one-off event (in principle). An expenditure gets financed by the central bank, and then that exercise stops.

3. However, if the private sector responds to that stimulus, then a number of things – GDP, the money supply, employment etc. – are permanently higher. Which in present circumstances many, perhaps most, would see as a good thing.

As for Nigel Farage and The Donald, neither of us has any expertise to comment.

Terrorism By Truck; Diplomacy By Insult
6 months ago

great stuff as I wrote it!

Why U.S. Stocks Could Rise 50% Higher
6 months ago

good luck on that forecast John. I don't share it for a minute

In this article: QQQ, IWM, SPY
The Branson Solution
6 months ago

Who is Lars Christensen?

The Branson Solution
6 months ago

Dear Gary Anderson

Don't call me Viv, not how I am addressed by my friends, who call me Vivi.

I don't think you are right about globalist colonizers, who are hardly a new thing in Britain as they once colonized us, Canada, Australia, New Zealand, the Indian subcontinent, Iraq, part of China, Hong Kong, Jordan, Palestine, Qatar, Egypt, much of Africa and whatever. When push came to shove they did not throw their grandmothers under the bus to retain global domination.

Meanwhile the Land of the Free colonized places like the west,Texas, Florida, California, Hawaii, The Philippines, Puerto Rico and the Virgins, much of Latin America, and various odd islands in the Pacific. We also gave up on global domination by way of colonies. Much easier to use finance.

All best, Vivi

1 to 10 of 62 comments
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STOCKS I FOLLOW

AGU Agrium Inc.
ALKS Alkermes plc
AWF AllianceBernstein Global High Income Fund Inc.
AXP American Express Company
AZSEY ALLIANZ SE
BAESY BAE SYSTEMS SPONS AD
BCE BCE Inc.
BLX Banco Latinoamericano De Comercio Exterior S.A.
BNS The Bank of Nova Scotia
BNTC Benitec Biopharma Limited
BP BP p.l.c.
BVNRY Bavarian Nordic A/S ADR
CAE CAE Inc.
CCJ Cameco Corporation
CGEN Compugen Ltd.
CMDXF COMPUTER MODELLING
CZZ Cosan Limited
DGRLY DELEK GROUP ADR
EC Ecopetrol S.A.
EMD Western Asset Emerging Markets Income Fund Inc.
EMF Templeton Emerging Markets Fund (Delaware)
ESD Western Asset Emerging Markets Debt Fund Inc.
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund
FAX Aberdeen Asia-Pacific Income Fund, Inc.
FCAU Fiat Chrysler Automobiles NV
FCO Aberdeen Global Income Fund, Inc
GLD SPDR Gold Trust ETF
GSK GlaxoSmithKline
GTOMY GEMALTO N.V. ADR
INFY Infosys Limited
INVVY INDIVIOR PLC ADR
IRL The New Ireland Fund Inc.
ITRN Ituran Location and Control Ltd.
JFC JF China Region Fund Inc.
JOF Japan Smaller Capitalization Fund Inc.
KF The Korea Fund Inc.
MFD Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MHG Marine Harvest ASA
MXCHY MEXICHEM SAB DE CV
MXE The Mexico Equity And Income Fund Inc.
NOK Nokia Corporation
NVS Novartis AG
ODMTY OLD MUTUAL PLC ADR
PAK Global X MSCI Pakistan Fund.
PLX Protalix BioTherapeutics, Inc
RBGLY Reckitt Benckiser Group Plc.
SAN Banco Santander S.A.
SAP SAP AG
SAXPY SAMPO OYJ UNSP ADR
SLB Schlumberger Limited
SQM Sociedad Qumica y Minera de Chile S.A.
TRYIY TORAY INDS INC ADR
TTM Tata Motors Limited
VALE Vale S.A.
VEOEY Veolia Environnement S.A.
VOD Vodafone Group plc
VR Validus Holdings, Ltd.
VZ Verizon Communications
ZURVY Zurich Insurance Group Ltd. ADR
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LATEST ACTIVITY

Vivian Lewis Commented on War Is Declared - China Just Dropped The Warning Yuan:

Overnight on Dec.6-7, there was a scary episode which showed what this might mean when the Chinese #renminbi fell sharply. It seemed like a deliberate devaluation to show Pres.-elect #Trump who controls C...

more
Vivian Lewis Commented on ADRs Best & Worst Report - Monday, Nov. 7:

there are no ADR from canada as they cross the border naked. There is not need for a depositary so there are no ADRs,.

Vivian Lewis Commented on ADRs Best & Worst Report - Monday, Nov. 7:

how do you define services which seems to include railroads and airlines. Consumer goods runs from sneakers to autos. You did separate banks and insurance.

and while we are at it, how many pink sheet ADRs...

more
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PERSONAL BLOG

Latest Posts
What If Donald Trump Loses The Election?
Trump has refused to commit to a smooth transition of power should he lose the upcoming election. Here's my theory on what will happen should Clinton be declared the victor.
How I Would Vote In Israel
Normally I would not get into politics in the Holy Land, leaving the election to my six Israeli first cousins and their offspring. But after my own country's politics were disrupted by an unprecedented Israeli intervention I feel I have the right to retaliate.
1 to 2 of 2 Posts

Work Experience

Education

Harvard
AB magna cum laude, Phi Beta Kappa
1948 / 1962
History

Publications