tag:blogger.com,1999:blog-7405358.post7888319789528558943..comments2023-10-20T20:56:21.432+08:00Comments on prudent investor newsletters: Phisix: Has ASEAN Bear Markets Been Signaling a Crisis?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7405358.post-47117524312805444502013-09-04T09:05:36.580+08:002013-09-04T09:05:36.580+08:00@theyenguy thanks for the Asian bond article@theyenguy thanks for the Asian bond articlebenson_tehttps://www.blogger.com/profile/17567135828529262502noreply@blogger.comtag:blogger.com,1999:blog-7405358.post-51834968082432014412013-09-03T18:21:10.383+08:002013-09-03T18:21:10.383+08:00Asian markets are indeed at a critical point.
Li...Asian markets are indeed at a critical point. <br /><br />Liberalism’s dollarization scheme of credit is failing; and with that national sovereignty and traditional political order is failing. Bloomberg reports Asian bonds tumble below par in capital flight .... http://tinyurl.com/ld94vwa .... Asia dollar-denominated bonds have dropped below par for the first time since 2011 as investors pull money out of the region amid concerns that growth is slowing and as currencies from the rupee to rupiah plunge. Average prices of company debentures in the region fell to 98.61 cents on the dollar on Aug. 22, the least since October 2011, Bank of America Merrill Lynch indexes show. Dollar bonds globally have held above 100 cents since September 2009. Both investment- and non-investment-grade debt in Asia were below par on Aug. 22. The last time that happened was in September 2008, when Lehman Brothers Holdings Inc. collapsed. Investor sentiment toward Asia is shifting as economic growth in China slows and currencies in India and Indonesia -- the two countries with the biggest external funding needs in the region -- plunge. About $44 billion has been pulled from emerging-market stock and bond funds globally since the end of May, data provider EPFR Global said on Aug. 23. “You risk being swept away by fund outflows even if you buy bonds from the best companies in Asia,” said Ben Bennett, a global credit strategist in London at Legal & General Investment Management, which manages $670 billion. “You’d need to be very brave to add credit risk before currencies show signs of stabilization.” <br /><br />With the failure of not only credit, currencies and financial wealth, Jesus Christ, acting in dispensation, that is the oversight of all things economic and political, Ephesians 1:10, has completed the old things of liberalism and is bringing forth the new things of authoritarianism. <br /><br />New dynamos are in operation. The dynamos of corporate profit and global growth were based upon investment opportunities in sovereign nation states, are powering down; now the dynamos of regional security, stability and sustainability, are powering up, reflecting responsibilities to regional authority.<br /><br />A new seigniorage, that is a new moneyness, is developing. The seigniorage of investment choice, is waining; and the seigniorage of diktat is gaining strength.<br /><br />A new trust is emerging. Gone is trust in bankers, carry trade investing and credit, in particular Treasury debt, to increasing trust in statist nannycrats, totalitarian collectivism, public private partnerships and debt servitude, growing to the point of diefication of regional governance, as is presented in Revaltion 13:3-4, where the people’s trust comes to consitute worship. There be no more citizens or patriots of countries, there be only residents of a regional state, that is one of ten regional zones.<br /><br />A new religion will emerge. Liberalism featured religions and philosophies based upon the worship of one’s own will, eventually a mandatory one world religion consisting of emperor worship will emerge; yet for the elect, that is God’s chosen ones, a persecuted faith in Christtheyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.com