A few reports have surfaced on the latest IMF release of the Currency Composition of Official Foreign Exchange Reserves (COFER) for 2Q13. http://www.imf.org/external/np/sta/cofer/eng/index.htm Citi summarised the gist of the results. Reserve managers holdings… Continue reading
Since Obama didn’t provide a Syrian distraction, Obamacare is the whipping boy. Obamacare dreams of a world without medical wants. However, without liability reform, it will be a dream that the average man… Continue reading
The ShutDown did. Anyone who mentions Taper now better crawl into a deep, dark and dank hole and hide. Struck by a rare moment of perspicacity, I realise that the Taper is OFF… Continue reading
When you read religion thrown into the headlines with politics, you know there could be trouble ahead. China is finally acknowledging their moral decline and obsession with money culture. Enough for their President… Continue reading
Partial government for 1-2 days ? Can’t be as bad as a Tube strike or milk or fuel strike right ? Or even the garbage strikes they had Europe. Obama just about shot himself… Continue reading
Look what the cat dragged out yesterday from the old book pile. I must have nicked this some 2 decades ago from either my grandparents or my auntie’s troves even though it has… Continue reading
Not a single doji in sight for the monthly candles. The quarter will end in a nice way given the Hindenburg omen expires tomorrow ! Examining the quarterly performance, we find Nikkei and… Continue reading
Did we have a crisis this quarter ? Some of the numbers are pretty shocking with the outflows, whilst small in the context of the inflows over the past 5 years, creating immediate… Continue reading
Yesterday’s headlines got me thinking how much our heads are fixated with the idea of AUD and China. Headlines like “AUD lower despite strong Chinese data” and “Chinese Stocks Climb With Aussie After… Continue reading
The Last Time America Defaulted
byThere is chatter on the street this morning on a budget deal being worked out in Capitol Hill. I guess it is hard to ignore your Klout score for the GOP as the… Continue reading →