Asset Inflation Except Gold And Silver

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Gold and Silver are the worst performing asset class this year. Corn has lost out by a mile too but who’s counting ? All this talk about asset inflation got me thinking about… Continue reading

Ad Hoc Commentary – as China stops buying accumulating USD reserves, USD will first strengthen before declining

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“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

Ad Hoc Commentary – Monetarists should sit back and let Keynesians do infrastructure

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Larry Summers, perhaps best known for making foot-in-mouth remarks about women while a Harvard president, had recently remarked in polite circles that: “…we may well need in the years ahead to think about… Continue reading

It’s Official – Asset Bubbles Are Back

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We have had a lot of mentions of “BUBBLES” in the headlines for the past week which started with Larry Summers at the IMF and Nobel laureate Paul Krugman who came out immediately… Continue reading

SGD Rates and Bonds Weekly

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Economic News Sep Retail Sales Ex Auto +0.3% YoY vs expected +1.8% Sep Retail Sales +0.5% MoM vs expected +1.0% Sep Retail Sales -5.9% YoY vs expected -4.4% Oct Electronics Exports -1.4% YoY… Continue reading

Christmas Turkey Or Turkey Sandwich ?

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Its been a Turkey sandwich year. Sandwiched between the Syrian conflict, Iran nuclear impasse and its own internal strife and riots. Its economy not flourishing as it had in the past, unemployment soaring… Continue reading

SGD New Issues : Sembcorp 10.5 Years and Banyan Tree 5 Years

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2 new issues today out of familiar names. Nov. 18 (Bloomberg) — Person familiar with the matter says. • Issuer: Sembcorp Financial Services Pte. • Guarantor: Sembcorp Industries Ltd. • Maturity Date: May… Continue reading

Hitting Reset Is The New Way Of Life – Back To Square One

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After witnessing your son graduate from elementary school, there will be an inevitable sense of loss for us. 12 years gone by with no reset button. That is much like the new way… Continue reading

Fed : Please Tell Us The Whole Truth and Nothing But The Truth.

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The unemployment rate has been the Fed’s pet peeve for QE3 so much that they are willing to keep buying up to USD 85 billion a month in US treasuries and agencies to… Continue reading

Financial Markets Layoffs Means Retail Balance Sheets Are Kings

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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