Nothing to say. 4.75%, 1 year longer, and interest rates 0.15% higher now than January. Read my old comments here. No change in thoughts. NEW ISSUE REVIEW : HONG FOK CORPORATION 5% 5Y BOND… Continue reading
I have concluded that my IQ cannot be too high. FT : People who like ‘curly fries’ having higher IQs – Facebook I cannot rejoice when countries are going bankrupt and bring myself… Continue reading
Economic Data Feb PMI 49.4 vs exp 50.3 Feb Electronics Sector Index 52.1 vs exp 49.7 Feb Foreign Reserves $259.14 bio vs $258.84 bio 2Q13 Manpower Survey 17% vs 1Q13 10% SGS volumes… Continue reading
USDJPY was my trade of the year last year into this. Not boasting about the peanuts it made me but the sense of sweeping gratification when it finally did make its move. Thus… Continue reading
The truth is out. Pangaea does serve a USD 26,000 cocktail with a diamond in it. It’s no wonder that Singapore has outstripped Hong Kong as the preferred city of choice by the… Continue reading
“”How come the stock market is going up, when the economy keeps tanking?” Telegraph asks today. Is the upswing in stock markets a sign of a much wider return in confidence that will… Continue reading
Rarely do I get a chance to go down to Raffles Place even though I work nearby. A year does make a big difference and cigarettes are now 12 bucks even at the coffee… Continue reading
China Vanke Sells $800 Million of Dollar Bonds at T+195 Bps March 8 (Bloomberg) — According to data compiled by Bloomberg. • Issuer: Bestgain Real Estate Ltd. • Tenor: 5-yr • Issue Spread:… Continue reading
Remember James K. Glassman? Well if you don’t, you might just remember the book ”Dow 36,000” that came out in 1999, back in those days when Pets.com was all the rage and any… Continue reading
Dollar Rocks With Stocks as Correlations Break Down: Currencies March 7 (Bloomberg) — For the first time in four years the dollar is participating in a rally that has sent stocks to… Continue reading