Wednesday, February 12, 2014
Tuesday, February 11, 2014
What Does Bill Ackman Know About The Future Of Commercial Real Estate?
Hoosier's note: The US growth story is BS!
With Sears and JC Penny on the brink of collapse, I can understand why Bill Ackman is getting out of the Commercial Real Estate market.
Yellen just added pressure on emerging markets
Hoosier's note: I saw Janet Yellen's first congressional testimony, as Fed chair, last night.
One Committee Member asked her about the (adverse) effect of the Fed's tapering on the Emerging Economies and she replied that the Fed has provided 'Forward Guidance' and that the Taper has been and will be carried out on a 'Measured Pace'.
It is my opinion that Janet Yellen doesn't give a damn about what happens to the Emerging Economies and this has solidified my belief that the next Financial Crisis will start from the Emerging Economies, just like the 1997 Asian Financial Crisis.
Monday, February 10, 2014
Sunday, February 9, 2014
Saturday, February 8, 2014
The 3 Infamous 3 Amigos of the Stock Exchange of Singapore: Asiasons, Blumont, and LionGold
With reference to the earlier post, I said the following at the TPG Forum,
Note: 'wayang wayang' means 'just for show'.
Just for the record to show how severe was the crash of the 3 stocks (Asiasons, Blumont and LionGold), I am posting their Daily charts updated till February 7, 2014,
Asiasons Daily chart updated till February 7, 2014.
Blumont Daily chart updated till February 7, 2014.
LionGold Daily chart updated till February 7, 2014.
Just for the record to show how severe was the crash of the 3 stocks (Asiasons, Blumont and LionGold), I am posting their Daily charts updated till February 7, 2014,
Friday, February 7, 2014
Green Mountain roasts Einhorn's Greenlight
Hoosier's note: David Einhorn is one of my favorite Hedge Fund managers.
Even the best can get it wrong from time to time.
Thursday, February 6, 2014
Wednesday, February 5, 2014
What Happens Next?
...and remember - this "selling" overseas does not mean "buying" domestically as the majority of these hot money flow trades are credit-funded and merely extinguish the debt at the margin...
Tuesday, February 4, 2014
Monday, February 3, 2014
Citi Fears The Emerging Market Volatility "May Just Be The Beginning"
...It is important to note that 49% of the Index is made up by CNY and HKD. As we are not currently of the bias that these currencies would see significant (if any) depreciation even if the EM sell-off were to become more aggressive in Asia (as a reminder, during the major ADXY collapse in 2008, USDCNY and USDHKD remained essentially unchanged)
As a result, if we were to see a continued bearish development in the ADXY, it would suggest the other currencies in the Index (INR, IDR, KRW, MYR, PHP, SGD, TWD and THB) would see greater weakness then the overall weakness. We will be watching for any developments closely...
Sunday, February 2, 2014
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