Currency Wars – End Game

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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

They say Sell, I say Buy – USDJPY

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  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

Plutonomy, Plutocracy, Plutarchy ? Pluto is Not A Planet Anymore!

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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

Using Negative Rates to Fight Inflation ! SINGAPORE STYLE

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  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

Staying Afloat In The Pool of SGD Perps

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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

Singapore MPS and The Free Lunch Machine

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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

Me Lemming, You Lemming, We All Lemmings

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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

Its A Torture To Think Twisted

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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

When You Run Out Of Reasons, It’s Tipping Point

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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

Singapore Property and The Poor Millionaire Syndrome

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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