"Economy" Posts
Hugh Hendry Turned Bullish Finally
By LawrenceZeroHedge reported that Hugh Hendry has turned bullish, http://www.zerohedge.com/news/2013-12-06/hugh-hendry-throws-bearish-towel-his-full-must-read-letter It is nice to see Hugh finally see the possibility of what could be in store. Mentioned multiple times that it is possible we are seeing 1998 year end redux: 1. Catalyst could be US dollar partial melt down in MBO Issue 23 2. Market Internals […]
Tax On All Forms Of Assets Coming?
By LawrenceI wrote about the possibility of asset tax coming to town in the 3rd instalment of my bartering series. Now, London is the first city to strike their foreign investors. Straight from Bloomberg, http://www.businessweek.com/news/2013-12-04/london-assembly-votes-in-favor-of-foreign-property-investor-tax This is going to turn ugly everywhere.
How Fragile The US Financial Markets Are?
By Lawrence
Straight from the horse’s mouth, http://www.bloomberg.com/news/2013-09-30/u-s-treasury-studies-money-managers-for-threats-to-stability.html Obviously, the US Treasury is sending a message here – hedge funds can buy equities but not allowed to unload all together at the same time. What are they afraid of? As a start, what happened to Japan’s Nikkei earlier this year is something they want to avoid. From […]
David Harvey: The Crises of Capitalism (RSA Animate)
By Lawrence
Video from 2010 about the problem of capitalism in its current form. Notice that as of 2013 August the problem explained in the video is not resolved. Any moment now, should one large financial institution go under, we will re-live the horror of the financial crisis all over again. Passing the bomb around like the […]
Ian Goldin: Navigating Our Global Future
By Lawrence
A TedTalk from 2009, Mr. Goldin raised the question why the people up at the top have failed to foresee all kinds of disasters happening and also failed to manage the consequences of these disasters. He is concerned that if people do not work together to improve the situation, the coming 20 years will be […]
The US Federal Debt Total Was Frozen Below The Debt Ceiling Since May 17, 2013
By Lawrence
Read, learn and understand how the US Treasury Department playing around the rules and regulations to keep the US government from exceeding its debt limit. This special manoeuvre will run out of its effectiveness by end of July or early August 2013. By that time if US Congress fails to increase the debt ceiling, you […]
Bennie Finally In Panic: Must Hammer US Dollar Now
By Lawrence
Bernanke’s speech today (July 10, 2013) essential tells us one and only one thing – the Fed must react to the strengthening US dollar. No matter what he says or whatever is printed in the minutes does not matter. What matters is that US dollar strengthening kills the mark up in various economic measures hence […]
Deutsche Bank’s Jim Reid On Asset Bubble
By LawrenceIs he signalling (or threatening) Fed to not taper QE? http://www.zerohedge.com/news/2013-06-27/deutsche-bank-if-fed-concerned-about-popping-its-asset-bubbles-it-15-years-too-late It is interesting that he dares to challenge the almighty Bennie’s point of view.
Another Move By China And UK To Reduce US Dollar Dependency
By LawrenceWhat’s next? http://www.marketwatch.com/story/uk-china-reach-currency-deal-2013-06-23-121035528?link=MW_story_latest_news
Bank CEO Prefers Shoeboxes Over His Own Bank Account For Safety
Surreal story of a bank CEO stashed away $4.5 million in his home, hidden in the bookshelves inside shoeboxes. Forget about soup opera and sitcom, it is far more funny reading news like this. This guy was the CEO of the 2nd largest state-owned bank in Turkey. I guess it is an important lesson for […]