The Election 6 November, Tuesday. I have finally distilled the essence of my feeling about Obama. It would appear POLITICALLY INCORRECT NOT TO VOTE FOR OBAMA if I was an American. Voting for Obama would… Continue reading
This is a short post because I am tired of all the feel good propaganda last week about Singaporeans being the richest in the world now and by 2050; healthiest as we speak;… Continue reading
17-Aug-12 Bloomberg Singapore Bonds Beat Peers in Shrinking AAA Pool: Southeast Asia Slap me because it must be a bad dream within the pipe dream of our lives. The headlines are unrelenting. First,… Continue reading
I suppose between 0.25% and 0%, some of us may not even blink at our account balances. At work, in a bank, folks would scream blue murder at that because a 0.01% move in… Continue reading
2012 would perhaps be remembered as the year of two halves. In the first part we welcomed the auspicious Chinese Dragon. We are now moving to the very much hyped return of the… Continue reading
Between Nov 2011 and Feb 2012 this year, 10Y yields traded in a 25 bp range, a very nice flat valley plain between the little hills sandwiching them. I am just starting to… Continue reading
“When you trade a system, you take emotions out of it.” “I don’t trade to get high so I don’t use it to feel horrible either. It is just a chore. It is… Continue reading
Long time readers know that Spain is a decoy, while Italy is too big to fail. As we quoted J Paul Getty: “If you owe the bank $100 that’s your problem. If you… Continue reading
NYTimes Business 3 Aug 2012 Bond traders, admittedly unsure at times, know their decisions can have an outsize affect on economic policy in Europe. http://www.nytimes.com/2012/08/04/business/bond-traders-deal-in-high-expectations-and-fear.html?partner=socialflow&smid=tw-nytimesbusiness In times of confusion, popular consensus wins. It… Continue reading
In the spirit of the Olympics, I feel the market should spur itself into some action. Everything has been so nicely channelling these days that people are just so fed up. 1-Aug-12 Zerohedge Jeremy… Continue reading