Existing Homes Sales Import Prices Industrial Production CPI Wholesale Inventories Non Farm Payroll PPI Retail Sales Factory Orders Trade Balance Unemployment Rate Capacity Utilisation CPI Business Inventories Building Permits Housing Starts TIC Flows… Continue reading
As expected, they did not default externally and did an eleventh hour turnaround: “…The big issue on everyone’s mind is would the US government default. The short answer for external creditors is no.… Continue reading
It is an irony that Nobel prize for economics had to go to Robert J. Schiller on a mad, mad day. http://uk.finance.yahoo.com/news/nobel-prize-robert-shiller-predicted-212310295.html Markets acting out the work that he has done on irrational… Continue reading
Singaporeans are a suspicious lot. Give them a high yield, under subscribed issue and they will run. If you give them a low yield, over subscribed issue, its ok even if the bond… Continue reading
Economic News 3Q13 GDP -1% QoQ vs expected -4% 3Q13 GDP +5.1% YoY vs expected +3.8% Aug Retail Sales Ex Auto +1.4% YoY vs expectec +2% Aug Retail Sales -7.8% YoY vs expected… Continue reading
Down to the wire on this balmy public holiday in Singapore and the world is sitting on edge. It’s the Reuters article this morning that is giving the markets a boost, that a… Continue reading
When our favorite S&P 500 opens later today, we will be waking up to higher margin requirements. In fact, all equity indices on the CME will be waking up to higher margin requirements:… Continue reading
Oct. 14 (Bloomberg) — Singapore’s central bank maintained its commitment to currency appreciation after the economy shrank less than estimated last quarter, forgoing stimulus as labor shortages and record home prices fuel inflation.… Continue reading
Tired of being buffeted around in the markets because of this debt ceiling deadlock, why not pretend it is over ? What’s next ? Shutdown to slowdown ? US economic data has… Continue reading
Contradictions are hard to bear. Median U.S. household income in 2012 is $51,017 a year, down from $51,100 in 2011 http://money.cnn.com/2013/09/17/news/economy/poverty-income/index.html vs The United States posted a fifth successive year of rises in… Continue reading