Caveat emptor : Non Americans only The shut down has been good for the rest of the world. Equities and credit markets are holding more than steady. Bonds are outperforming, even high yields… Continue reading
The CFTC is shutting down most of its operations too, leaving a skeletal crew to supervise the whole wide world of the markets out there. “a bare minimum level of oversight and surveillance… Continue reading
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
Even great ideas like the American Idol start suffering from viewer fatigue after the 12th inning: “…Total viewers equaled 14.3 million — the first time a finale has not reached the 20-million mark… Continue reading
Economic News Aug Industrial Production -1.4% MoM vs expected 0.4%. Aug Industrial Production 3.5% YoY vs expected 4.9% IRS Quiet into the month end and choking on the US govt partial… Continue reading
CENTURION CORP SGD 3 YR ISSUE – UPDATE #1*** New Centurion Corp SGD 3yr issue announced on the back of strong response to roadshow in Singapore Initial price guidance @ 5.5% area Size:… 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
We like to read all these stories of crimes and punishment which are becoming a daily staple in the papers. It is virtually impossible to keep up with the number of corruption cases… 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 →