Death to Defaults ! A Farcical Farce !
Singapore Car Stats 2012 (numbers sold) : BMW 5,039 MERCEDES 4,323 TOYOTA 4,272 VW 3,567 AUDI 1,679 VOLVO 1,066 HYUNDAI 1,155 LAND ROVER 384 NISSAN 687 KIA 600 HONDA 515 PORSCHE 507 JAGUAR… Continue reading
Singapore Car Stats 2012 (numbers sold) : BMW 5,039 MERCEDES 4,323 TOYOTA 4,272 VW 3,567 AUDI 1,679 VOLVO 1,066 HYUNDAI 1,155 LAND ROVER 384 NISSAN 687 KIA 600 HONDA 515 PORSCHE 507 JAGUAR… Continue reading
Sibor, Sibor Go Away. There is no one left to play. Tongue in cheek of course. Just got to thinking what would happen if SIBOR was abolished as indeed some rumours have it… Continue reading
There is a mental connotation that if junk sells, stocks will fly. And thus junk bond prices are usually positively correlated with stock indices. And I was right. Higher and higher coupons coming.… Continue reading
Feels like a Hit and Run ! For a company (market cap USD 1.2 bio about 2.5 times less than its 2009 market cap) that has not tapped the market since 2009, they… Continue reading
New Year Brings Bumper Crop of Bonds in Euro Zone : NY Times Fed concerned about overheated markets amid record bond-buying : Bloomberg Let’s suppose if the authorities were to ask me casually,… Continue reading
*Illustration of OECD countries exports as % of GDP (2000, 2008, 2009) Once upon a time before Asianmacro became a beach bum, he was one of the bigger swinging d*** in town. The… Continue reading
It is easy to dismiss the conundrum in the Japanese Yen market over the past few days as a typical Japanese political bantering among cabinet ministers to put up a show for the influential… Continue reading
Old firm (Market Cap SGD 486 mio) trying to capitalise as much as they can on their asset price gains to raise cash. I will not elaborate on the company as OCBC did an… Continue reading
The founder of Stratfor, George Friedman, recently wrote a piece on the crisis of the middle class and linked it to the erosion of American hegemony: “If we move to a system where… Continue reading
”You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time”… Continue reading