Category Archive: Macroeconomy

Ad Hoc Commentary – the Ghibli curse came true, Merkelections will save the rest of us

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As we wrote in on Aug 2: “…Once every few weeks—the next time is Friday—Nippon Television Network Corp airs a Ghibli movie in the prime Friday evening spot. During the trading session after… Continue reading

Singapore Market Developments & Implications

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  Heavy week with heavy repercussions on the domestic front. We started with a bang and a resounding 2Q GDP but forecasts of a slowdown going ahead. “·         MTI forecast raised to 2.5-3.5%,… Continue reading

Ad Hoc Commentary – the investment-less recovery

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As we mentioned before: “…Abenomics thinks that inflation will chase money out of hoarding into investments. What he forgot is that the Senkaku-Diaoyu affair gives capital very little confidence to invest within Japan.… Continue reading

CANDLES TO CELEBRATE NATIONAL DAY – USDSGD

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A pleasant surprise on Hari Raya Puasa and the National Day , Singapore was rewarded with a big black candle in the USDSGD chart. We have broken into the Ichimoku cloud ! “Aug.… Continue reading

Of Countries and Banks – It’s A Gangster World Out There

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“Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.” ~ John Dalberg-Acton Zimbawee The first thing Mugabe did when he returned to power was to seize… Continue reading

Currency Crisis : India, Indonesia and …

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“JAKARTA, Indonesia—Investors are souring on Indonesia as growth slows and a contentious election approaches. Some investors see more trouble ahead. Indonesia is one of several emerging markets dealing with slowing growth, high inflation… Continue reading

Grand Dreams in Property

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The Trend “Rich Asian individuals are snapping up luxury residential properties and even office towers in the West. But Asia’s biggest investors, including sovereign wealth funds, insurance funds and pension funds, are only… Continue reading

Ad Hoc Commentary – death of proprietary trading

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JP Morgan’s exit from commodities trading will probably be remembered as the beginning of the true exit from proprietary trading by big banks. Cynics are probably right for alleging that, until recently, the… Continue reading

Global Flows And Data – Hard To Trade

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Global Purchasing Managers Index “The global manufacturing sector made a subdued start to the third quarter. At 50.8 in July, the JPMorgan Global Manufacturing PMI ™ – a composite index* produced by JPMorgan… Continue reading

Ad Hoc Commentary – the 47.5% haircut; still staying away from equities

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The Cyprus bail-in is confirmed at 47.5%: “…Deposits above the guaranteed limit of €100,000 will face a 47.5 per cent haircut…” http://www.ft.com/intl/cms/s/0/85eb3cea-f943-11e2-a6ef-00144feabdc0.html For those with deposits in banks, you might want to check… Continue reading