Ad Hoc Commentary – saving the world monetary system
The Bretton Woods system was born on 22 Jul 1944 and was destroyed on 15 Aug 1971 when President Richard Nixon severed the US dollar link to gold. Thus, the system we have… Continue reading
The Bretton Woods system was born on 22 Jul 1944 and was destroyed on 15 Aug 1971 when President Richard Nixon severed the US dollar link to gold. Thus, the system we have… Continue reading
Vanke SGD 4yrs announced and deal is already well anchored by real money accounts Coupon guidance : 3.30% Comps: Keppel land 3.1575 2017 @ 101.75, 2.67% Capitalmall Asia 3.95 2017 @ 104.85, 2.60%… Continue reading
Two top currency-dealing banks confirm involvement in global investigation into possible manipulation of FX markets – referring to UBS and Deutsche. http://online.wsj.com/news/articles/SB10001424052702304200804579164841995315318 Stanchart puts senior fx trader on leave, reported yesterday on Reuters.… Continue reading
NEW ISSUE: HEETON HOLDINGS SGD 2 YR ISSUE Issuer: Heeton Holdings Limited Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenure: 2 Years… Continue reading
Zico has a few tricks up his sleeve – his Dirty Dozen stocks, for he is not a believer of diversified portfolio management and, the latest one he is sharing with me, his… Continue reading
Economic News Sep CPI +0.1% MoM vs expected +0.6% Sep CPI +1.6% YoY vs expected +2.0% IRS Core inflation +1.7% and the central bank is guiding 2014 inflation lower to 2-3%. Lots to… Continue reading
CLIFFORD CAPITAL US$ 5YR GUARANTEED NOTES: GUIDANCE T+57-60 ** Issuer: Clifford Capital Private Limited Guarantor: The Government of Singapore Guarantor Ratings: Aaa / AAA / AAA (Moody’s / S&P / Fitch) Expected Issue… Continue reading
It is harder to grow revenues and easy to grow valuations. In the past 5 years, we learnt the easy way – valuations. Same old company, same old house, same old building, same… Continue reading
2 Main Developments in Australia last week No shutdown in Australia and the debt ceiling hike went as smooth as a whistle and Fitch affirmed their ratings. http://finance.yahoo.com/news/fitch-aussie-debt-ceiling-hike-080558388.html A cash injection of AUD… Continue reading
In a G Zero world, there is no leadership but one big vacuum. When the Fed tells us that they do not exist for global good, people and countries start looking inwards. “You… Continue reading