Sunday, October 14, 2007

The Media Indicator and Reaping What You Sow

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``What defines sucker money is not the horse selected, but the acceptance of odds on that horse that are substantially out of line with its ...

Philippine Stock Exchange: Supported by Global M & A, Secular Trends and Capital Market Developments

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``If we assume that it is the habit of the market to overvalue common stocks which have been showing excellent growth or are glamorous for s...
Wednesday, October 10, 2007

BSP intervenes to Limit Peso's rise.

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Excerpts from today’s Philippine Daily Inquirer on the Peso’s milestone 7 year high (highlight mine)… ``Upbeat foreign investor sentime...
Sunday, October 07, 2007

Global Equity Markets: “Credit scare, what credit scare…where?”

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``Economics is an evolving social science. About the only thing we know when we forecast is that the forecast is wrong. The idea is to get...

US Federal Reserve: Hitting Four Birds With One Stone?

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``The Federal Reserve's role in prophesying the future course of the economy, the plethora of new indicators brought to the table to mai...

Phisix: Visible Signs of A US Dollar Driven Rally

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``However beautiful the strategy, you should occasionally look at the results."-Winston Churchill, ex- Prime Minister and British State...

Firming Regional Currencies and Revival of Carry Trades Bullish for the Phisix

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``Asia’s riches and development, in fact, have been argued by historians to have been the basis for the growth and concentration of wealth a...
Sunday, September 30, 2007

Global Financial Markets: The Dr. Jeckyll and Mr. Hyde Syndrome

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``Historically, the government has kept the Taiwan dollar under a tight reign, so as to deter unwanted appreciation that might harm expor...

Dr. Jeckyll’s Ace: The Rupturing US dollar?

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``In capitalist financial markets, discipline and prudence require that investors fear – yes, fear – that they can lose; and lose big time. ...

Mr. Hyde’s Three Leaf Clover and the Russian Roulette

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``Investors and lenders convinced themselves that financial alchemy would turn illiquid securities into liquid securities in all market cond...