Wednesday, June 12, 2013

Japan: Morbidnomics

Here are the notes that I created for my Bloomberg "Asia Edge" TV show yesterday, 11th June, at 11:40 AM here in Hong Kong:  1. The BOJ will a... Read More >>

Thursday, May 23, 2013

Bernanke & The Economic Clock

You all know what happened: just before releasing the minutes of the  last FOMC meeting, Prof. Bernanke spoke to the Joint Economic Committee ... Read More >>

Tuesday, May 07, 2013

China, Japan & Europe: Strategic "Avoids"

Tomorrow I will be on Bloomberg TV at 11:40 AM Hong Kong time.  Here are some thoughts that I will share  on the three subjects highlight... Read More >>

Wednesday, April 24, 2013

China's banks: explosion, implosion or erosion?

Must  Europe's many banking crises ultimately infect China's banks, creating a global  financial pandemic?  After all, a c... Read More >>

Thursday, April 18, 2013

Japan: "This time is different"

On 9th April we released a  scathing piece just  why the Bank of Japan's  (BoJ's) easy money cannot ignite growth: "...Kuroda's... Read More >>

Wednesday, April 17, 2013

Gold: Keep your insurance policy!

In our  previous blog on gold, "In gold we trust" (6th December 2012), I obviously could  not foresee Monday's plunge... Read More >>

Tuesday, April 09, 2013

Japan: Quantitative easing means zero "trickle-down", aka no "double happiness"

If you read the Financial Times, don't bother with  my musings: I have leaned heavily on  today's FT. Yesterday, we posted "Jap... Read More >>

Monday, April 08, 2013

Japan & Portugal: one mean denominator

As you know, two major economic events occurred last week.  We will not repeat the minutiae of each event, instead focusing on their investmen... Read More >>

Monday, March 25, 2013

Cyprus: Nirvana or false dawn? This marriage is worsening

We needn't review the package agreed to in Brussels. You have that already. This "deal" and market exhuberance probably is just  another false... Read More >>

Wednesday, March 20, 2013

Cyprus: Just a bad marriage or insidious family violence?

Back on 7th February I penned:   "Regardless of what ECB Boss Draghi says today: he only can provide a fig leaf behind which these politi... Read More >>

Tuesday, March 12, 2013

China: how to invest during stagflation

No doubt you all have read about China's more recent data that has disappointed the market: Industrial production rose "only" 9.9% in the firs... Read More >>

Thursday, March 07, 2013

Sequestration Dining

Pres. Obama finally is coming around to the notion that he actually  has to talk with his foes in Congress - instead of just going above every... Read More >>

Wednesday, March 06, 2013

Collateral transformation: Wall Street's newest hoax

Etymologically, "hoax" is derived from "hocus-pocus". It, in turn, has some roots in the name ascribed to magicians and jugglers in ... Read More >>

Thursday, February 07, 2013

Europe: Don’t believe the illusion!

Readers know that I am particularly bearish on Europe, having lived in that beautiful museum for 20 years. Problem is that instead of being full of... Read More >>

Monday, December 24, 2012

Strategic Asset Allocation 2013: Unseen storm clouds

Please excuse the lapse in posting my thoughts. Something funny was happening in Cyberspace, no doubt stemming from the Mayan Culture's forecast of... Read More >>

Friday, December 14, 2012

Central Banks - or Politicians' Piggy Banks?

Readers know of my jaundiced view of politicians.  Yes, their job is to juggle vested interests - but whether it is the East's "honest" (aka b... Read More >>

Wednesday, December 12, 2012

Why NJA remains a "buy"

For some quarters we have suggested that particularly China's offshore shares are worth looking at. So are Hong Kong's: we are the water-skier at t... Read More >>

Thursday, December 06, 2012

In Gold we trust: North Korea’s Mistletoes and bankrupt democracies

Not few pundits out here, particularly staff, have feared that the end of the world happens on 21st December. If you believe your cleaner's story, ... Read More >>

Thursday, November 22, 2012

Naked Emperor: Why the Euro cover-up?

We just bellowed on Bloomberg this morning about the hypocrisy of the Euro's negotiators. Just how stupid do they think that we all are?  Does... Read More >>

Thursday, November 15, 2012

European Kleptocrats: Investment implications

A couple of days ago we aired investment implications of overall political irresponsibility. Today we hone-in on the disaster unravelling in Europ... Read More >>

Tuesday, November 13, 2012

Irresponsible politicians: Investment Implications

Something has dawned on us: there is a pervasive :dis-connect: between consitutents (i.e. the population at large) and their politicians - whether ... Read More >>

Tuesday, November 06, 2012

Markets: Which elections DON’T matter to markets

Too much emphasis is being put on "top level" elections in the US and China.  As if Presidents or Premiers really are in charge any more. ... Read More >>

Thursday, November 01, 2012

US Elections cannot affect the dollar’s structural demise

Just yesterday, a wise friend of mine sent me the following piece of research from the esteemed Bank Credit Analyst. Going back in history, its ana... Read More >>

Wednesday, October 24, 2012

USA: fin de cycle, now that markets have got real

We all know why markets have been tumbling for a  while, something which we had foreseen - much to our surprise, of course. So let's delve a l... Read More >>

Monday, October 22, 2012

Strategic Asset Allocation: What to buy in America, China (and Australia)

Readers know that we have railed against the US "recovery" and have been suggesting that China's Economic Time would begin improving as of 4Q12.&nb... Read More >>

Thursday, October 11, 2012

Why the Euro must crack and thus why America must win

Tomorrow, Friday, Bloomberg TV-Europe has invited me at 12:10 noon, HK time.  Here are my acerbic thoughts on the Euro.  Having lived so ... Read More >>

Tuesday, October 09, 2012

A New Form of Trade Wars: Host Country Protectionism

Just yesterday Reuters TV posed the following question to me: "Despite some bad news on the Asia-U.S. M&A front (ie Huawei, Chinese wind farms,... Read More >>

Friday, October 05, 2012

European banks: putting them into perspective

Having just returned from holidays in bubbling London and vibrant Berlin, we return to Hong Kong in a glum mood about the Euro.Particularly German ... Read More >>

Friday, September 14, 2012

Fiscal cliff-hangers: the Fed and Japan

Those elected  hypocritical &  mendacious politicians in the US, EU and Japan refuse to create jobs for their elecorates via fiscal s... Read More >>

Thursday, September 13, 2012

Karlsruhe: how to invest ahead of a terrible outcome later on

Just yesterday we advised investors to scratch beneath the surface of that  "good" decision by the German Constitutional Court (GCC) proc... Read More >>

Wednesday, September 12, 2012

Karlsruhe: the devil lurks in the detail

As all of us know, Germany's Constitutional Court (Verfassungsgericht) is pronouncing today at 10:00 AM  German time on the legality of German... Read More >>

Friday, September 07, 2012

ECB: the tail truly is wagging the dog

Just two days ago we emphasized that Draghi has become the submissive poodle of the Meditarraneans ("Meds"), meaning that the ECB has been castrate... Read More >>

Wednesday, September 05, 2012

ECB: Into the dog house, where appeasement reigns

These are some acerbic notes that I have made for my Bloomberg TV interview here in HK today at 12:10 noon.  -     &... Read More >>

Tuesday, September 04, 2012

Chinese Banks: Another “Banksia” in the making?

By now, everyone knows that one of the reasons that Spain has toppled is because of shenanigans surrounding that tainted bank, Banksia.  Well,... Read More >>

Friday, August 31, 2012

Sector Allocation: Avoid Chinese and European Banks

For some time, many market players have prayed for an improved global economy - in our jargon, an improved global Economic Time.  We keep warn... Read More >>

Monday, August 27, 2012

USA & China: Double deep-freeze until 1Q13

We all are being inundated with chilly news of political and economic nature.  So we thought it useful to step back and see the big picture of... Read More >>

Monday, July 16, 2012

Why you shouldn’t invest in Asia just yet

Just this Friday, 13th July,  we all got three announcements on economic growth: China’s real GDP grew by an annual 7.6% in 2Q12 ... Read More >>

Friday, July 13, 2012

How to re-kindle China’s growth

Here are some notes that I have prepared for my TV appearance on Channel News Asia at 22:30 HK time tonight. 1) China's latest GDP expanded 7.6% on... Read More >>

Tuesday, July 10, 2012

Investment Thoughts

Markets continue gyrating, as we all know.  This has political as well as sound economic reasons, what with our Economic Clock® continuing... Read More >>

Friday, June 08, 2012

China: Why more easing spells a “sell” on banks

By now, most asset allocators will be aware that China's Central Bank, the People's Bank of China (PBoC),  eased monetary policy (again) yeste... Read More >>

Thursday, May 03, 2012

Europe: time to short

A looming voter backlash will unsettle the markets and thus the Euro. This suggests caution by the investor. We give you three ways to exercise cau... Read More >>

Wednesday, May 02, 2012

India: don’t buy, the EconomicTime® must worsen

Of late, there has been a flurry of reports suggesting that India is a "strong buy". We suggest that this view is misplaced for three good reasons ... Read More >>