Ad Hoc Commentary – 2014 outlook: the rise of Russia
Our outlook for 2013 can be found here: Ad Hoc Commentary – 2013 outlook Our basic premise for 2013 was the sovereign debt crisis will migrate from Europe to Japan, and then back… Continue reading
Our outlook for 2013 can be found here: Ad Hoc Commentary – 2013 outlook Our basic premise for 2013 was the sovereign debt crisis will migrate from Europe to Japan, and then back… Continue reading
Amidst all the market euphoria, stocks closing the year at highs, I notice a spate of ill news in my hectic social schedule which I cannot make sense of. It is my own… Continue reading
Dangerous Markets and Didier’s Formula In 1923 an earthquake devastated Tokyo and became known as the Great Kanto earthquake. This mega earthquake was preceded by several years of increased incidents of intermediate… Continue reading
The Fed’s balance sheets have swelled over 1 trillion USD in the past year to exceed USD 4 trillion which is causing some angst amongst lawmakers despite an oblivious President. http://www.bloomberg.com/news/2013-12-17/fed-s-4-trillion-assets-draw-lawmaker-ire-amid-bubble-concern.html We know… Continue reading
No one I know in Singapore is making a big deal out of the NSA scandal even as Indonesians burn the Australian flag in protest. Big Brother has come to the banking world… Continue reading
Cannot help it. It has been an entertaining weekend in headlines. Chinese wife scratches car at motor show to force her husband to buy it. http://www.dailymail.co.uk/news/article-2515654/Hilarious-moment-Chinese-wife-scratches-luxury-car-motor-FORCE-husband-buy-getting-older-looks-young.html >> The funny part is HER REASON… Continue reading
“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday.”… Continue reading
Heard about the Morgan Stanley Conference this week. Sashimi, Ding Tai Fung, Jumbo Seafood, Ya Kun and Illy’s coffee at ballroom foyer… and wagyu beef and Hokkaido seafood. Take your pick. Free cab… Continue reading
The Bretton Woods system was born on 22 Jul 1944 and was destroyed on 15 Aug 1971 when President Richard Nixon severed the US dollar link to gold. Thus, the system we have… Continue reading
Two top currency-dealing banks confirm involvement in global investigation into possible manipulation of FX markets – referring to UBS and Deutsche. http://online.wsj.com/news/articles/SB10001424052702304200804579164841995315318 Stanchart puts senior fx trader on leave, reported yesterday on Reuters.… Continue reading