SGD Corps : Hall Of Shame Update
I am not sure if folks will find this useful but I thought it would be good if readers got an update of last week’s market freeze and whether the risk asset rally… Continue reading
Ad Hoc Commentary – CVA, DVA, FVA and sovereign debt crisis
Ever since Lehman failed, counterparty credit risk became the main topic among regulators, legislators, academics, lawyers and accountants that are working on the banking sector. Now we have an alphabet soup of xVA… Continue reading
Equity Tuesday : Ramblings On Veggies, Eggs and Toilet Paper
17 Nov Indonesia Announces Fuel Subsidy Change “The price of subsidized gasoline increased to 8,500 rupiah ($0.70) a liter from 6,500 rupiah, and diesel will climb to 7,500 rupiah a liter from 5,500… Continue reading
Fx Thoughts : Muddy Murky Waters into Thanksgiving
Muddy Waters strikes again, shorting Superb Summit International (1228 HK), back to their habit of going after the “forests” companies, if anyone cares to remember what happened to Sino Forest back in 2011.… Continue reading
China In Focus : Remember that Ferrari Wedding ?
I was wrong when I thought there was just 1 supercar wedding in China and now I cannot find that article because if you type “supercar wedding China” in the Google search, you… Continue reading
Australia In Focus : Wallflower Days
Iron Ore Completes Fifth Weekly Loss as ‘Worst Is Yet to Come’ http://www.bloomberg.com/news/2014-11-21/iron-ore-heads-for-fifth-weekly-loss-on-global-glut-china-data.html Again we have China coming to the rescue of the AUD dollar with Australia’s own central bank a bystander… Continue reading
China’s internet bubble
On a trip to Beijing two weeks ago, the first thing I hear about is internet financing – P2P, crowd financing etc. I listened to a few of these Alibaba-like companies telling me… Continue reading
China’s rate cut – killing many birds with one stone
There is a lot happening in China these days – global expansion of RQFII country quotas – Australia and Canada are the latest recipient countries, the Hong Kong-Shanghai mutual market access (MMA), ramping… Continue reading
Bonds In Conversation : Bad Bonds, Bad Bonds, Whatcha Gonna Do ?
Whatcha gonna do ? Whatcha gonna do When they come for you? ~ Bob Marley https://www.youtube.com/watch?v=NG2ci9CyiwI&hl=en-GB&gl=SG Karma beckons as we get more and more calls for bubble in credits, the latest now from… Continue reading
Fx Thugs And JPY Funding Are Made In Japan
If there is only 1 country in the world who can pull it off, it is only Japan. There is no way any country can forcibly devalue their currency by 7% in a… Continue reading