Archive for October, 2011
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Financials, World. 6 October, 2011, 2:29
European Banking Stress Tests Round 3: Greek Write-down
The EU finance ministers are asking the European Banking Authority to do a stress test on the banking system again because the previous two were rubbish.
What? Greece To Buy 400 Tanks From The US?
Surprise surprise surprise! Greece has apparently just ordered 400 tanks from the United States. No idea where the money comes from though.
Société Générale: China’s Shadow Banking Needs A Rescue
Société Générale warns that if the cash crunch continues and if property prices correct significantly, the shadow banking system will need a rescue.
Déjà vu: Today vs. March 2008
The bailout of Bear Stearns coincided with the start of a bear market in S&P 500. The bailout of Dexia might well be the European Bear Stearns moment.
Want to Ban Short-Selling? How About A Buy-And-Hold Ban?
Some blokes in Hong Kong want regulators to ban short-selling. Next time, if I am on the short-side during a bull market, can I call for a buy-and-hold ban?
Hard Landing Is The Central Case, But…
What Chinese policymakers want is like landing an aircraft in a way that destroys wheels in one side and not the other side, without destroying the entire aircraft.
China, Real Estate. 4 October, 2011, 13:21
China Real Estate: Some Anecdotes As Told By Deutsche Bank
Deutsche Bank is now expecting the Chinese property market to fall by 10% in the next 4-6 months, but not anything more than that.
If There’s Anything That Jim Chanos Got Wrong On China, This Is It
Jim Chanos’ long corruption bet, which is the long bets on Macau casinos, are going wrong lately as they sink together with other Chinese shares.
Cross asset, Markets. 3 October, 2011, 12:56
“Things will develop in the opposite direction when they become extreme”
Financial markets will go into the opposite directions if things are going to an extreme, as this old saying from Chinese philosophy would suggest.
Picking A Fight With The “Value Investors”
One should not be willing to allow his/her own capital to be destroyed by 50% every 3-5 years in the name of long-term value investment, because that’s silly.
China: September PMI Improves For The Second Month
Chinese manufacturing PMI improved for the second month, but remains relatively weak, and the rebound might very well be seasonal.
Hong Kong: Monetary Statistics For August 2011
Various measures of money supply decreased in August, the latest monetary statistics by Hong Kong Monetary Statistics show.