Singapore’s jobless recovery is now turning into a ‘jobloss’ recovery. And China is the reason. From Today:The economy may be slowly emerging from the dumps, but retrenchments are happening even now as companies continue to restructure.On Monday, American computer giant Hewlett-Packard was the latest to issue the pink slips – among the retrenched were …

Singapore exports fell 6.1% YoY and 12.6% MoM in October  – below estimates! (*gasp* + dramatic music “dan dan dan!”) The only real surprise here is how highly paid econo …

The bears sense blood. US consumer confidence in Oct is unexpectedly down, Sept home sales are (unexpectedly) down as tax breaks run out, VIX has just displayed a massive short term spike, and buy-call advertising flyers are covering Main Street like confetti. Is this the turning point of the great sucker’s rally? Is the start ...

From Ambrose Evans-Pritchard of the Telegraph “Deflation fears as Eurozone and US credit contracts”:Data from the European Central Bank shows that the M3 broad money supply has contracted over the last six months, confounding expectations that ultra-low interest rates would soon boost monetary growth. Loans to the private sector ...

“Fire one”: The NY Court of Appeal has decided to deal yet another low blow to Tishman Speyer’s sinking flip on Stuyvesant town.The judges have now ruled that Tishman Speyer is liable for damages to tenants for deregulating their rent while continuing to claim tax credits.So, on top of diving rents, soaring vacancies, and the ...

According to the column inches generated by local press on the recently-concluded APEC lovefest, you can hardly be blamed for thinking that we’ve all suddenly become enlightened and fully evolved Keynesians, prepared to create a new utopian world order that has no poverty, no financial crises, no barriers to free trade, and no badly-dressed politicians ...

So far, at least one significant shareholder has decided not to bend over to accomodate MI-Reit and AMP’s proposal to screw existing investors. Breaking news from BT “CIT asks unitholders to reject MI reit’s proposal”Cambridge Industrial Trust Management, a 10 per cent unit holder of MacarthurCook Industrial Reit, said on Monday it opposes a …

Corporates turn financial terrorists: now declaring war on sovereigns. Rio Tinto says Australia as its number 1 sovereign risk, which of course, sends the Aussie dollar a bit closer to hell (resulting in even more JPY carry traders being carted out in body bags in the process). And you citizen-type people thought that you were ...

This has got to be the funniest piece today. Microsoft (you know, the same company that sold just one single original copy of Windows XP in China, and achieved a 100 percent market share the very next day) has now been ruled to have infringed on the intellectual property rights of a Chinese software company. ...

The last time I checked, using tax money to bail out poor corporate decision making – both in terms of lending and borrowing – was not really considered “in accordance to market principles”. But then, I suppose that things have changed here on Walton’s mountain: as the US government continues to fund banksters’ Ferrari purchases ...