Macro FX Themes
Not a day goes by in these times when a new record is not made. And today the honours go to CNY, setting a historic high against the USD on the PBOC fixing.… Continue reading
Not a day goes by in these times when a new record is not made. And today the honours go to CNY, setting a historic high against the USD on the PBOC fixing.… Continue reading
“Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.” Lord Acton, 1887 What happens when you find you and your mates account for 40% of a… Continue reading
Economic News Sep Electronic Exports -5.5% YoY vs expected +0.2% Sep Non Oil Domestic Exports -1.2% YoY vs expected -2.8% Sep Non Oil Domestic Exports +5.7% MoM vs expected +2.6% IRS Interest rates… Continue reading
Central bankers cannot, as a matter of self preservation, mention much about bubbles because that would almost certainly be an admission of ineffectuality ? They are not mincing their words these days. IMF… Continue reading
One big slap for that ego when you find out that financial literacy does not work ! According to this paper mentioned in a Motley Fool post, Why You Are So Bad With… Continue reading
Singapore – Handouts to Poor Top 100 million mark : Straits Times http://www.straitstimes.com/breaking-news/singapore/story/handouts-the-poor-top-100m-mark-20131020 A landmark for Singapore. One step further in Switzerland. Switzerland Mulls Giving Every Citizen 2,800 a month : Business Insider… Continue reading
Yesterday’s UMNO elections sealed the politcal fate of Malaysia for the next 4 years and there shall be peace. On the 25th, we will have PM Najib in Malaysia unveiling his 2014 budget… Continue reading
JPMorgan Said to Reach $13 Billion U.S. Mortgage-Bond Settlement : Bloomberg It does not matter. This is below the line i.e. Income Statement Profits Before Extraordinary Items. It does not affect the usual… Continue reading
It was just a fortnight ago that I wrote about the richest man in Asia. Sellers’ Largesse Continues With Li Ka Shing (tradehaven.net) 04/10/13 He is at it again in a short time.… Continue reading
We had a Hunter’s moon today. It is also known as the Blood moon. We also had a lunar eclipse earlier today just around moon set time at dawn. Eclipses are supposed to… Continue reading