Pax Romana was followed by the Age of Chaos, which culminated in the sacking of Rome by the Vandals in 455. That is where we got the word vandalism. Whenever an empire declines,… Continue reading
## NEW ISSUE: Tata Steel S$ 10Y – Initial Guidance 5.25% area ## Issuer: ABJA Investment Co. Pte. Ltd. Guarantor: Tata Steel Limited Structure: Fixed Rate Senior Unsecured Notes Issue rating: Unrated… Continue reading
I have always felt semi exalted in the company of hedge fund friends, akin to the glamourous feeling of hanging out with the Olympians that makes you feel like a winner too. The… Continue reading
***NEW ISSUE: Courts Asia Limited (“Courts”) 3-yr SGD Sr Unsecured*** Issuer: Courts Asia Limited Status: Senior, unsecured Rating: Unrated Issue Size: TBD Format/Docs: Issuer’s S$500M Multicurrency Debt Issuance Programme Initial Price Guidance: Low… Continue reading
Hongkie Babe, an old friend of over 16 years since our London days, has kindly sent some charts over to share. She is mean business, running a CNH, CNY portfolio, a certified CMT… Continue reading
Economic News Mar Electronic Exports -17.9% YoY versus exp -6.8% Mar Non Oil Domestic Exports -4.8% YoY versus exp -5.4% Mar Non Oil Domestic Exports 8% MoM versus exp +4.4% Mar CPI… Continue reading
Emerging fresh from the G20 summit where Japan has been aptly hailed as hero for their stimulus weapon ! Just as it emerges that Reinhart & Rogoff were WRONG ! about the 90%… Continue reading
“…Once you get that big, you can’t get out. And once you can’t get out, you’re done…” “…Paulson is still betting that the return of inflation and a meltdown in global currencies will… Continue reading
Must read for the ordinary Singaporean, written for posterity. What is enough ? “Singaporeans now live the most number of years after leaving the workforce, according to the Global Sunset Index of 68… Continue reading
My short chat with my old and wise-man friend prompted an impromptu phone call to Stock Boy today, on the subject of yields and Reits. For you see, I noticed that every other… Continue reading