Category Archive: Market

Ad Hoc Commentary – China should print money and retire all its central government debt

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Albert Einstein’s ‘Does the Inertia of a Body Depend Upon Its Energy Content?’ paper published on Sep 27 1905 introduced the world to the equation E = mc2. Einstein ushered in the age… Continue reading →

Trade Like A HFT, Is To Follow The Pain – AUDUSD

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A friend of a friend’s wanted to set up a branch of their HFT (high frequency trading) firm in Singapore a year back. Afterall, Singapore is the king of Asian foreign exchange and… Continue reading →

Sick Thoughts – Temasek Times The Market Top ?

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Here I am making myself more ill than I already am, on a Sunday with flu like symptoms, by re-reading my 20 year old copy of The Hot Zone by Richard Preston and… Continue reading →

Bonds In Conversation : No Life Without Stimulus

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Stimulatory talks this week after a glorious month end lending more optimism and cheer to markets across.  Fed – Yellen more dovish than market expectations http://money.cnn.com/2014/03/31/news/economy/janet-yellen-raise/index.html PBoC – mini stimulus unveiled for small… Continue reading →

Ad Hoc Commentary – jobs as the true antidote to low inflation in Europe

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“…Now that the Buba had ‘given’ green light for European QE, the only thing that we need to wait for is a low European inflation print. The Eurostat will give a flash estimate… Continue reading →

That April Fool’s Feeling In The Stock Market

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I have been laying off markets for the past few days. Friends in town, paid a visit to the hospital, more friends in town and catching up with other old friends. Today is… Continue reading →

SGD New Issue Review : Swiber 2.5Y, Not A Surprise

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After Vallianz’s success, Swiber rushes out to borrow. SWIBER SGD 2.5 YR ISSUE Issuer: Swiber Holdings Limited Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format: Reg S, S274 & 275 of… Continue reading →

April Is The Cruellest Month, 2 Eclipses And Yellen Risk

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15 April 2014 Total Lunar Eclipse 29 April 2014 Annular Solar Eclipse Fact : Solar eclipses can only occur on new moons and lunar eclipses can only occur on full moons. Eclipses are… Continue reading →

Ad Hoc Commentary – investment-less Abenomics

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As we mentioned some time back: “…Pundits are still optimistic on Japan Inc investing within Japan. But yours truly believe that CEOs of Japan Inc will first want to see better policies on… Continue reading →

Ignore The Geopolitical Risks – AUD, S&P 500 and Gold

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Why we should ignore geopolitical risks ? Because nothing really happened in all the previous scares we had, central banks will make sure everything will be ok and globalisation has raised the stakes… Continue reading →