I was reading a WSJ article on how a Chinese think tank estimates that shadow banking activities amount to about 40%of GDP last year. Within the article, it was mentioned that Fitch Ratings… Continue reading
When all hope is lost, Hollywood to the rescue. This is like the movie Armageddon or one of those Independence Day things. Bruce Willis saves the day ! Aerosmith in the background, girl… Continue reading
There is nothing like a crisis to get things done. Today India announces internationalisation of their currency, a move they had resisted for eons until the recent rout in their markets. As such,… Continue reading
Fun filled times with 2 sovereign defaults looming – Argentina and Puerto Rico. That is if we assume that the US will not default and assurances from professionals are that it will just… Continue reading
Penny stock fever is in the air. Being fortunate to be acquainted with some people who actually make a livelihood trading in penny stocks in an amateur capacity, I sat down with a… Continue reading
Issuer: Marco Polo Marine Ltd. Status: Senior, unsecured Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenor: 3 Years Issue Size: TBD Yield: 5.75% p.a Payment: Semi-annual, actual/365 (fixed) Issue… Continue reading
As we have said before, Yellen will be the new Fed Chief: https://tradehaven.net/market/ad-hoc-commentary-yellen-2014-clinton-2016/ http://www.bloomberg.com/news/2013-10-08/yellen-to-be-named-fed-chairman-as-obama-taps-first-female-chief.html The big issue on everyone’s mind is would the US government default. The short answer for external creditors is… Continue reading
It is simple. America has no money left in its treasury to pay its bills. It needs to borrow more by raising its debt ceiling. Debtors are the most important and you cannot… Continue reading
Economic News Sep Electronics Sector Index 50.3 vs expected 51.2 Sep PMI 50.5 vs expected 50.7 Foreign Reserves USD268.10 billion IRS Largest foreign reserves recorded in history yet again after breaking the record… Continue reading
Caught up in the shutdown stalemate, not many would spare a thought for the commodity market except for the greedy idea that Gold will rally on market indecision and panic. I did up… Continue reading