Chinese dumpings

A foreigner (to Chinese) describes dumpling as tasty inside. The lettuce (bamboo leaf for wrapping) is too tough (not supposed to eat) but dental floss is provided.

When you ate the dumpling, his office was packed with foreigners looking for an UFO eating lunch?

From TV just now: Shanghai Small Dumpling (小籠包) is a meat ball wrapped with pasta according to a modern Marco Polo. They give you a container (籠) to take home the left over and soup inside so you do not have to order a drink. It is a Chinese dish of all-in-one.

Is FXI a good buy?

As an investor, I would predict how the China’s stock market would fare in this trade war.

YTD performance of FXI (an ETF for Chinese largest companies) is about minus 7% while that of SPY is about 5%. P/E of FXI is 10 while that of SPY is 24.

FXI would purge when the trade war is full-fledged. Bet your money at your own risk as the outcome of the trade war is not predictable.

The exception is when “E” is increasing fast as indicated in the early recovery of the stock market. To illustrate, the highest of P/E is 124 in May 2009, and it is the best time to buy stocks in recent years.