Category Archive: Macroeconomy

Ad Hoc Commentary – America’s large budget surplus, capital smiles on America

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In our last post, we said that capital will give America two good years. Overnight, America posted the largest budget surplus since the depth of the crisis in 2009. Capital will smile upon… Continue reading

The theory of minimum variance

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With five central banks meeting this week in the region and none had eased policy or expected to do so – Bank of Thailand met yesterday, Bank of Korea, Bank Negara Malaysia, Bank Indonesia and Bank… Continue reading

Anti Instinct Trading In Taper On And Taper Off (updated)

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Journalists and analysts all writing to save their lives. Reports swinging wildly between Taper and Taper Not after the FOMC minutes depending on where the Dow was. RATES: Treasuries Fall After FOMC Minutes;… Continue reading

Satyajit Says …. Leading To Mid Year Reflections

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In any bond trader’s library, we need to have the Fabozzi bible. Next you need Hull for options. But the funky look is only complete with Satyajit Das’s Derivative Products & Pricing and/or… Continue reading

No Ideas ? New Valuation Paradigms in a 3 Speed Recovery

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I have been spending some time on the herb and vegetables. Sweet potatoes flourishing but under savage attack by the relentless white fly army, same for the chilli and chilli padi. Rosemary sprouting… Continue reading

Presenting Generation E : The Really Entitled Ones

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The Millenials (Gen Y) – 1980s-90s, the children of the late Baby Boomers. As a member of Gen X, empathy and antipathy results in a certain apathy for the next generation. I suppose… Continue reading

Nailing it on U.S. employment day … better be lucky than smart

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My futures broker was calling to congratulate me for putting on the TYQ3 put condor before the economic figure release … but with humility, I told him I was probably more lucky than… Continue reading

REHASH : The Economists in Feb Said USDSGD at 1.2 ! GDP Next Week

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In early Feb, I wrote Sunday Times, Coffee and Slight Nausea. Tired of reading the same old “piece of mind numbing happy utopia calls, I will protest at the Toto salaries they are… Continue reading

Sovereign wealth fund rankings – money is not everything

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The main local headline here today was “Temasek’s assets surge to a record on recovery in stock markets“. It triggered the usual debate on how much is attributed to new money and FX… Continue reading

Making a home run

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Asianmacro has not posted since the 1st week of May to smell the roses into early summer and also in travels across Europe.  Looking back in the past where I have been in… Continue reading