The news just keeps getting worse, and I note with dismay that the latest report of initial claims for unemployment are 516,000 – well past the psychologically-important half-million mark – personal bankruptcies averaged “4,936 per business day in October” – which is up 8% from September and 34% more than October 2007.

‘Chimerica’ stocks and how to profit from companies that do their business in China has been creating a huge amount of buzz on the internet since investment guru Tom Dyson at Daily Wealth started to write about the subject.

“Chimerica stocks are Chinese companies,” says Tom. “They do business in China, with Chinese management, Chinese employees, and Chinese currency. They make products for Chinese consumers.

The key is that these Chinese companies list on US stock exchanges.