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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Cde Monomotapa wrote:hisah wrote:murchr wrote:(Reuters) - Quote:Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China.
The yuan suffered its biggest weekly drop against the dollar last week as policymakers try to flush out hot money from the market.
^^Why would policymakers do that? The easiest way to control a bubble burst is to crash the hot/fast money. GFC wouldnt have happened if subprime crazy speculation had been kicked in the teeth. The real estate and commodo hype in chingland has to be put off to avoid a GFC like scenario with the current defaults there.
Also when abenomics decided to kill the yen, it was a matter of time before the chingman would also weaken the yuan to protect exports. These days currency wars are real as CBs of top global econs compete at weakening their currencies.
Unlike the previous chingman regime, the current made it clear it would deal firmly with speculation. The days of easy trade, buy the yuan vs USD, are gone and worse now with the Fed tapering liquidity. There will be some serious yuan corp bond squeezing for those that came late to the party. @murchr Also remember that Sino is alive to the fact that to internationalize the Yuan, they have to go free float mos mos. Especially now that it's high time to remodel into a consumer economy. Furthermore, they want in the "flight to safety" jingle. In all that, if Africa is smart, we can pitia kati kati and become the producer & manufacturer economies. When global money flows into Yuan bonds, Sino routes some to Africa and we invest in the hardware. Very interesting "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Israel closes embassies around the world as diplomats strike - http://reut.rs/1nSAYBt Quote:Israeli diplomats launched an unprecedented strike on Sunday, forcing the complete closure of embassies around the world as they escalated a dispute over pay, officials said.
The industrial action has already threatened to postpone a visit by Pope Francis to Israel planned for May - one of 25 trips by foreign officials affected by a work slowdown the diplomats began on March 5 when wage talks broke down. WTH is going on??? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:Israel closes embassies around the world as diplomats strike - http://reut.rs/1nSAYBt Quote:Israeli diplomats launched an unprecedented strike on Sunday, forcing the complete closure of embassies around the world as they escalated a dispute over pay, officials said.
The industrial action has already threatened to postpone a visit by Pope Francis to Israel planned for May - one of 25 trips by foreign officials affected by a work slowdown the diplomats began on March 5 when wage talks broke down. WTH is going on??? I wonder how they were able to pull that off without the attempt being foiled "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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(Reuters) - Asian shares were in a defensive mode on Tuesday after Wall Street fell overnight, though still-vague hopes of a new stimulus plan in China could improve investor sentiment. U.S. Treasuries prices fell, with the benchmark two-year yield hitting a six-month high as investors grew nervous that the Federal Reserve may raise interest rates sooner than expected. Bond yields rise when prices fall. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.1 percent as Australian shares fell 0.5 percent .AXJO, while Japan's Nikkei .N225 dropped 0.5 percent. http://www.reuters.com/a...al-idUSBRE96S00E20140325"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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As confessions continue so will the defaults escalate... A debasement event is now a reality, not if, but when... China Faces ‘Mini Crisis’ on Debt Defaults, Ex-PBOC Adviser Says - http://bloom.bg/1msiE0m Quote:China is headed for a “mini crisis” in its local-government debt market as economic reforms lead to the first defaults, according to a former adviser to the People’s Bank of China.
There is no chance of a “Lehman episode” as China has a high savings rate and the central government’s debt is low as proportion of gross domestic product, he said. Really? No chance for a lehman event? Since when has gubberment told the truth  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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IPOs should be priced this way - http://bit.ly/1glK4l7 Quote:The city commercial lender, located in North-East China, sold 3.02bn shares at HK$2.90 each, just above the bottom of the guidance range of HK$2.89–$3.33.
The final price values the lender at about 0.86x 2014 book value. I like the fear in HK and chingland at the moment as the defaults drama continues. Fat discounts coming up. Will likely shift from NSE20 to the 2 markets to grab the discounts. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Interesting shift in fund management. I'm looking forward to the death of the mutual funds or unit trusts or whatever names they go by. Been a long wait. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Here's another swipe at the "flight to safety" jingle  Jim O'Neill: BRICs, MINTs strong despite emerging market wobbles "Fed tapering is why the masses are exiting emerging markets but that's because they're all like sheep," O'Neill said. "Greed and fear are close cousins. People are in love with emerging markets one year, next minute they hate them." http://www.reuters.com/a...l-idUSBREA2O1CE20140325
#AKS ;-)
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Its $18Bn for Ukraine. The IMF goody bag "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Its $18Bn for Ukraine. The IMF goody bag Poop bag. IMF has never been a saviour. That nation will in future default...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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