What better way to spoil a friendship, for the lack of “lunch kaki’s”, most of whom are too depressed to eat and overwrought to talk, than to start a lunch conversation by innocuously… Continue reading
photo courtesy of Ms Su Tan of HK, taken on a wine tour of Sicily. October is looking to be a painful month with an estimated US$ 876 billion wiped off bond… Continue reading
Why do we have all these 2020 downturn stories and Ray Dalio with a new book, A Template for Understanding Debt Crises, that he is giving away as a free PDF, all calling… Continue reading
April 2018 is probably the best month to have a non-G3(+China) central bank meeting because no one would be paying much attention to you in such times of market upheaval amidst geopolitical uncertainties.… Continue reading
It is not even near month end or quarter-end, 5 weeks into the start of the dramatic widening Libor-OIS spread that not too many retail investors are overly concerned about, we got to… Continue reading
Yours truly apologize for not writing in recent times. Today is Fed Powell’s first meeting. Markets are very different today compared to the last Fed rate hike cycle of 2004-2006. Today, Fed Funds… Continue reading
Monetary policy transmission is broken today as measured by the FX swap implied rate of US dollar versus Interest on Excess Reserves rate. Those who are still looking at Libor versus Fed Funds… Continue reading
Photo courtesy of Mr Noah S., Italy 2017 When we wrote about our Great Humbling last week, it was in all intents to air our grievances against ourselves and our shortcomings in… Continue reading
Warning – Hedging is Hard Work
by tradehavenExcuse us for being just a little paranoid but it has been a tough week that has continued from 2 weeks ago when we were vacillating between feeling gloom or doom after an… Continue reading →