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From the article in BT today, real estate agents across Singapore are now not only praying, but actively encouraging, PRs to lie about their private home ownership status back home in a bid to staunch the bleeding gut-shot that the … Continue reading →
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The news on the China property front just keeps getting better (aka Liew should Lie Low for Longer). A Fitch report shows that Chinese banks, in an attempt to shift miserable housing loans off their books to comply with the Chinese Emperor’s heavenly edict, repackaged nearly US$200 billion of mortages into securities and sold them ...
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At the risk of sounding like Tony Bennett, we’d like to point out what a difference a week makes. 168 little hours. De-risking is not only back as an amuse-bouche, but is now the soup, the main course, the cheese plate, the dessert, and the espresso as well. Uncle Bill from PIMCO says that hedge ...
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Not that this will surprise anyone who actually reads the rantings from this blog, but BT has served up a reminder that when your broker issues a conviction buy recommendation to you (the sheep), the very same ‘buy’ may be on their secret inhouse conviction ‘drop it like its hot’ list. And don’t say they ...
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When I need a balanced view of US news, I always turn to the Klansmen Anchormen at Fox News, because you never know when you might get the REAL news that we need to know. Take for instance, the fair and balanced “news” that reveals Iranians may soon be able to launch a nuke at ...
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Obama declares that the USA would limit its use of nukes, except when it comes to Iran, or North Korea, or when a cyberstrike or biological strike leaves the US extremely vulnerable, or…let’s face it…when Michelle doesn’t give him the blow job that he craves.The point is: such a “limits” declaration is utterly meaningless, has ...
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The Daily Capitalist’s take on why Paulie could be “the most dangerous” man in the world today. “Vone Hundred Treellion Dollers!” (pinky to mouth gesture)From the Daily Capitalist “Paul Smoot-Hawley Krugman”I used to rail regularly against Paul Krugman, our “liberal conscience,” but I became bored. His ideas are so silly …
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When even my pet dog tells me (in coded barks and highly significant tail-wags) that it’s high time for China to push up the value of the “highly undervalued” RMB, you know that the signs are screaming “contrarian indicator”. Which is why the sound you hear over the next few weeks will be of imploding ...
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The China shopping spree, alluded to in an earlier post, is about to land you, me and HDB auntie some sweet investments in farmer banks in the heart of rural China.From Bloomberg “Bank of China, Temasek Said to Plan Rural Venture”Bank of China Ltd. and Temasek Holdings Pte may invest as much as 20 billion ...
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Background: Abraham Osheroff (October 24, 1915 – April 6, 2008) was an American social activist, carpenter, war veteran, documentary filmmaker, lecturer, and all-round pain in the ass for …
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The business empire that is Tiger Woods seems to be doing a Rome. While everyone from porn stars to cocktail waitresses to crack whores are all rushing up to the PR podium claiming to be Tiger’s love interest, it was only a matter of time before companies, in the midst of the worse economic crisis ...
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An open letter to the latest winner of the Nobel Peace Prize. (George Dubya wants it back!)An Open Letter to President Obama from Michael MooreDear President Obama,Do you really want to be the new “war president”? If you go to West Point tomorrow night (Tuesday, 8pm) and announce that you are increasing, rather than withdrawing, ...
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From the files of the totally unsurprising news folder, Ernst and Young announced that accounting discrepancies have been found in mainboard-listed Sino Techfibre, once promised as a “a pure-play on China’s fast growing synthetic leather industry“, but which has now … Continue reading →
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China still boleh. With listing fees being the main incentive for any and all exchanges today in the midst of consistently low trading volumes, it’s no surprise that Chinese companies are fleecing US investors as well (perhaps after learning at … Continue reading →
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The main difference between the US and China is that, once the dissident is out of China, the Chinese government generally leaves the poor fuck alone.
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Gotten some interesting comments (from disaffected pilots?) after our earlier posting came out on Tiger’s customers having a 1 in 6 chance of being cancelled on, which we thought should be posted here for some confirmation, and discussion. First, from … Continue reading →
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Everybody’s favorite pamphleteer, Michael Moore, has pitched in on the Ground Zero ‘mosque’ controversy. To sum up his thoughts: It’s a community centre, not a mosque. The local Jewish community helped the Muslims organize their plans for the centre. Five … Continue reading →
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Having decided to dump Chip Goodyear, Temasek now turns its monetary guns (in collaboration with Sinochem, of course) against Chip’s former company – BHP Billiton. BHP’s ramping up of its good cop/bad cop bid for Potash, the world’s largest fertilizer … Continue reading →
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Looking like a scene out of Waterworld (which was an unmitigated disaster in its day), it’s been confirmed that up to 25% of Pakistan is now flooded. According to Ban Ki Moon, the disaster is the worst he’s ever seen, … Continue reading →
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So much for saving the world. The Maestro (soon to be known as the Monster) has this to say about unemployment and the financial system in the US: On unemployment: “There’s nothing out there that I can see which will alter the trend or the level of unemployment.” On the financial system: “At the moment, ...
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