Links – 27/03/07 part 2

Brinkmanship(MSNBC)

The U.S. Navy on Tuesday began its largest demonstration of force in the Persian Gulf since the 2003 invasion of Iraq, led by a pair of aircraft carriers and backed by warplanes flying simulated attack maneuvers off the coast of Iran.

Dollar in Trouble(Al Jazeera)

Gulf economies will move away from a dollar currency peg and shift foreign exchange reserves away from dollar to other currencies, including the Chinese yuan, chief executive of Dubai International Financial Centre (DIFC) has said.

US property not infectious(Thisismoney)

King said: ‘In the UK, we are not seeing the same default experience.’ While he did not expect a crash in Britain, he said the problems in the US housing market knocked the confidence of investors, which was partly responsible for the recent correction across global stock markets.

Property market In Trouble(moneyweek)

We like to pretend we don’t have a problem in this country, and that supply and demand will keep UK property prices rising forever – but as those hopeful city-living BTL-ers are finding out, the supply and demand dynamic can turn very rapidly, particularly when it turns out that everyone’s been building the wrong sort of property in the wrong sort of place.

Self Select ISA(Thisismoney)

or investors who want more control over their holdings with the tax advantages of an Isa wrapper, a self-select Isa could be the answer.

Buffet and you(Gannononinvesting)

During the Millennium Bubble, shares of Coke were priced for pluperfection. Buffett didn’t sell because he intends Coke to be a permanent holding for Berkshire. If he had been running his partnership, he would have sold. He has a different attitude at Berkshire – one he has made clear to shareholders countless times. As a result, he sometimes sacrifices better returns for Berkshire by sticking with a permanent position he knows is overpriced. Coke is probably the biggest and best known example of Buffett holding a stock he knew Berkshire would be better off selling.

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