Despite the historic trade agreement signed earlier today between Taiwan and China, Taiwan’s TSEC weighted index (^TWII) closed down 2.43%. It seems that fears of global recession trumped this historic economic breakthrough. This turn of events now presents investors with the question: Is it time to get into ^TWII?

The biggest financial bailout in history hangs in the balance today as House Republicans and Democrats lock horns over the small print.

Keith Fitz-Gerald says the political posturing and wrangling over the plan distracts from the key financial issues. Can America afford a $700 billion rescue package?

Keith says investors need to understand three keys points. A bailout will cause national debt to climb, the US inflation rate to soar and the US dollar to tank. Bottom line: Investors need to go overseas for growth and profits in the foreseeable future.

– Lehman Brothers is doomed opines Bloomberg’s Michael Lewis this morning. Ironically, Lewis says Lehman’s (NYSE:LEH) fate is sealed because, following the government’s bailout of rival Bear Stearns, those who do business with Lehman don’t care too much if it stands or falls. The belief is the government will step in to pick up the pieces should Lehman fall apart.

The Bear Stearns bailout was supposed to prevent the crisis from rippling through Wall Street. Obviously it hasn’t done that. It’s merely thrown the crisis into slow motion and prolonged the agony.

As US stocks yo-yo up and down and America’s financial crisis continues to unfold, savvy investors are looking further afield for profit opportunities.

DailyWealth’s Tom Dyson reckons he’s found a great buying opportunity in Taiwan. Its economy and stock markets are in a ditch because the government controls the flow of money in and out of the country. This prevents China from taking over Taiwan’s economy.

It means Taiwanese companies have plenty of cash on their books… And according to Tom, it makes them “excellent dividend payers.”

Editor’s Note: Between 1987 and 1990 Taiwan’s stock market boomed. Stocks gained 991%. The Taiwanese currency rose another 40%. Foreign investors would have made 14 times their money during this time. Tom Dyson says Taiwan is set for another huge rally. So does Jim Rogers. We’re all ears.

Editor’s Note: Earlier this week 12% Letter editor Tom Dyson put out a Jim Rogers teaser, “The World’s Cheapest Stock Market Is Ready to Soar.” Turns out Jim is investing in Taiwan. Taiwan is cheap. And there’s a catalyst: a new Taiwanese president means trade between Taiwan and China is booming.