China & Japan Deficits, US Treasuries & Tears

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Ok. It looks like Japan is not working out and today’s numbers prove it, setting a new record for her worst current account deficit and lowest GDP number since Abe came into office.… Continue reading

3 New Issue Reviews : Amtek Engineering, UOB USD 10.5NC5.5 Tier 2 and Sabana Reit

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NEW ISSUE: AMTEK ENGINEERING LTD SGD 5NC3 YR ISSUE ISSUER: Amtek Engineering Ltd SERIES: 001 STATUS: Direct, unconditional, unsubordinated and unsecured Notes RATING: Unrated FORMAT: Reg S, S274 & 275 of SFA, issuance… Continue reading

Ad Hoc Commentary – Wake up America, the Cold War did not end in 1991

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“…the [Russian] Ministry of Defense said it would consider stopping international inspections of its nuclear weapons in response to threatened sanctions from the West…” http://www.washingtonpost.com/world/in-crimea-interim-government-says-it-has-no-plans-to-cede-to-russia/2014/03/08/df1261d0-a6c3-11e3-9cff-b1406de784f0_story.html At first sight, it seems like America and… Continue reading

Money Cannot Buy Happiness, Just A Different Set Of Problems – USDSGD

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My friend, the Retired Trader, was giving me an analogy about a rich chap who is not happy (as opposed to unhappy) but mightily relieved at his own set of problems. Problems like… Continue reading

Bonds In Conversation : Out Of Touch

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It is hard to begin even thinking about all the events of the week a heavy miasma of incredulous thoughts clouding my mind as to the seemingly unrelated developments that has served to… Continue reading

A Chinese Astrology Perspective : Shorting On Elon Musk

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There is nothing mythical or occultish about fengshui or bazi, which I just discovered have nothing to do with divination. But it delivers an important end goal that we all seek – balance and… Continue reading

New SGD Issue Review : CWT 3Y

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CWT LIMITED SGD 3YRS CWT SGD 3yrs announced Initial Price Guidance at low 4s PB selling concession: XX Timing: This week’s business, as early as today Comps: CWT 3.9 2019 at 4.62% Almost… Continue reading

Ad Hoc Commentary – to counter Russia’s rise, America should re-pivot to Nicaragua, and Singapore should accept a Russian military base

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Putin came out with reconciliatory words just hours after we wrote: “…now that Putin had largely secured Crimea, he will likely only stage his next major move in the fall [months]….” https://tradehaven.net/market/ad-hoc-commentary-buffett-calls-public-pensions-a-financial-tapeworm/ Understandably,… Continue reading

Leaders In Fear…. What Will China Say ? And the S&P 500

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Naughty global leaders better cower in fear these days. It is so easy and we just need to look at Ukraine, Venezuela, Thailand and the rest. Formula : Protest, riot and protest some… Continue reading

Umami In India – Elections Discussion and Opportunities

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Jaggi’s at Race Course Road – home cooked Indian dishes in a canteen setting. I am a chicken makhani fan and as I pondered the butter chicken, chicken malai tikka, aloo gobi and… Continue reading