Saturday, December 20, 2014

ASEAN Credit Default Swap (CDS) Spreads Spike!

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Credit default Swaps (CDS) are the cost to insure debt from default risks. It appears that ASEAN’s CDS spreads has spiked this week. I...

Ex-BIS Chief Economist William White Warns “The system is dangerously unanchored”

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Here are juicy excerpts from an interview of former Bank for International Settlements chief, William White, by Finanz and Wirtschaft wher...
Friday, December 19, 2014

The Current Dramatic Flattening of the Philippine Yield Curve Means Risk Ahead!

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I’m not making any formal writing anymore until 2015. Anyway here is the weekend update of the Philippine yield curve. The abov...

Russia’s Collapsing Ruble is a Textbook Example of Fiat Inflation

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Last February I noted that “Russia suffers from both property bubble fuelled by credit inflation and runaway local government debt”, such ...

"Patient" Fed and SNB's Negative Rates Sparks Monster Stock Market Rally as Oil Prices Crumble

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So who says stock markets have been about G-R-O-W-T-H? From CNBC : (all bold emphasis on articles quoted are mine) A surging U.S. s...
Thursday, December 18, 2014

Phisix: A Rollercoaster Session Backed by the Return of Index Managers as Short Term Yields Soar (again)!

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What a day! Today’s market volatility has been fantastically a rare event! First, yields of Philippine short term treasuries contin...

Swiss Central Bank Imposes Negative Deposit Rates!

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The Keynesian euthanasia of the rentier policies of abolishing interest rates has been intensifying. Today, the Swiss National Bank joi...
Wednesday, December 17, 2014

Phisix Crushed as Yields of Short Term Philippine Treasuries Soar!

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Readers of this post has repeatedly been warned: market crashes and magnified volatility has been occurring real time. And this has been a ...