Currency Wars – End Game
The story is like this. There was once an Ant and a Grasshopper. The Ant worked in Summer while the Grasshopper played. When Winter came, the Grasshopper ran out of food and the… Continue reading
The story is like this. There was once an Ant and a Grasshopper. The Ant worked in Summer while the Grasshopper played. When Winter came, the Grasshopper ran out of food and the… Continue reading
The Japanese Yen has been the street punching bag for the past 5 years and the truth is that it is built into every correlational model as a risk off trade. Just… Continue reading
Plutocracy (from Ancient Greek ploutos, meaning “wealth”, andkratos, meaning “power, rule”) is rule by the wealthy, or power provided by wealth. The combination of both plutocracy and oligarchy (a form of power structure in which power effectively rests with a small number of people) is called plutarchy. Source… Continue reading
A picture says a thousand words. Today’s policy decision brings us a stronger SGD, so rejoice on your holidays abroad. Did QE bring all that inflation on shore ? Or was it the… Continue reading
Bumper crop of perpetuals hit the street as liquidity fuels the mad grab for yields. Abating credit concerns locally makes perps, quite suddenly, the flavor of the year so far for the retail… Continue reading
I wrote the piece below last year, tongue in cheek, on the April 2011 Monetary Policy Statement. Buying Into The Free Lunch of USDSGD And The MPS April 8, 2012 9:56 AM Skeptics… Continue reading
The Tipping Point is nigh. Zerohedge had a prettier picture of lemmings in this article. http://www.zerohedge.com/news/guest-post-you-aint-seen-nothing-yet-part-one Lemming mode involves the inability to recognize danger, called normalcy mode. Do read the article above in… Continue reading
Even headlines are stumbling now. 3-Apr-12 Business Spectator Entering the last hour of US trading, Wall Street shares fall on weakened FED outlook Weakened ? QE3 is supposed to be a bad thing,… Continue reading
Rigging is mentioned a lot this weekend in all the alt news sites. Too many sour grapes out there. Zerohedge Charles Biderman : The Problem With Rigged Markets Goldcore Gold and silver market… Continue reading
The World We have, in other words, never been as wealthy as a human race as we are now. Yet governments the world over are pleading poverty and imposing austerity on their people.… Continue reading