Making a home run

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Asianmacro has not posted since the 1st week of May to smell the roses into early summer and also in travels across Europe.  Looking back in the past where I have been in… Continue reading

Likonomics Vs Abenomics and Singapore

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No fun watching the clash of the titans in our own backyard. Remember when I wrote that China is at war with Japan ? Well, the economists are starting to realise it from… Continue reading

The New Loan Measures Must Be Working – Check Out Car Stats

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TOTAL SALES TILL END MAY(unverified) 1 MERCEDES BENZ 1,719 2 BMW 1,509 3 VOLKSWAGEN 1,331 4 TOYOTA 1,070 5 AUDI 755 6 VOLVO 464 7 JAGUAR 275 8 NISSAN 224 9 HYUNDAI 211… Continue reading

SGD Bonds : Hyflux Consent Solicitation

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3 Hyflux bonds affected. 1. Hyflux 5.68 09/2014 SGD 60 mio 2. Hyflux 4.29 03/2015 SGD 75 mio 3. Hyflux 3.89 01/2016 SGD 55 mio Do not know much of the details because… Continue reading

SGD Corporate Bonds Alert : Bullshit

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I am laughing at this Bloomberg report, Tatas Pace Singapore Slump as Rout Closes Market: India Credit, mentioning Tata Steel SGD notes handing investors a 6.4% loss in June, according to data out… Continue reading

US tapering vs China tapering – actually no difference

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Martin Feldstein‘s article on the WSJ today, “The Fed should start to ‘taper’ now” puts the whole Fed’s to-taper-or-not-to-taper debate very succinctly. It is not about recovery or the lack of enough recovery… Continue reading

SGD CORP : GSS SPECIAL

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This is a hasty piece. A compilation of bonds 96 cts and under for your reference. The prices and yields are all unverified. Are these the danger bonds ? By no means. Nor… Continue reading

Putting the Funky SGD Policy to the Test

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10 years since MAS formalised the SGD FX policy into semi annual statements and inflation targeting NEER adjustments. Out of the 20 MPS we have had, there was only 1 time when the… Continue reading

Why Not Tech Stocks ? Part 2

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Bebo founder Michael Birch buys back website for $1m after selling it for $850m   The founder of Bebo has bought the social network for $1m just five years after selling it for… Continue reading

SGD Rates and Bonds Weekly (updated)

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Economic News May Industrial Production +2.1% YoY vs expected +0.1% May Industrial Production +1.2% MoM vs expected -0.5% IRS Calm in SGD rates into month end and USDSGD well behaved to close the… Continue reading