An excerpt from a week’s journal: 20 August 2018: Observations & Thoughts Today was generally a risk-on environment, with Chinese equity indexes leading the way in Asia Pacific (Japan and South Korea lagged). Indian equities continued to climb higher. The Yuan has also somewhat stabilised and has strengthened against the USD since last week. Chinese … More Weekly Observations: Central Bankers as Gamemasters
An excerpt from a week’s journal: Weekend 4 – 5 August 2018: Observations & Thoughts What a crazy week of a series of risk-off days. It’s time to reassess the macro liquidity landscape: US high yield bond credit spreads remain under control and are still relatively tight: The Chicago Fed’s ANFC Index is still at … More Weekly Observations
Political experts use the phrase ‘strong men era’ to describe the current political landscape. Everywhere across the world, authoritarian leaders have swept into power (or simply seized it) since the start of the current decade. In the US, Republican President Donald Trump is widely considered as a populist politician who has an anti-establishment leaning. His … More We’re in an era of ‘Strong Men’: 4 things investors must take note of
The investment landscape is changing for the first time in 8 years. According to the IMF‘s data, America’s economy is operating at if not above capacity (output gap closing), with a relatively tight labour market and leveraging by both corporations and households. A pickup in investment began early last year, as growth accelerated and companies … More 3 areas to steer clear of & 1 chart to monitor
An old Tuscan proverb claims that “after the game, the king and the pawn go into the same box”. Would the upcoming elections in Italy turn out to be as what the proverb claims? Political uncertainties have gripped Europe since the fated Brexit vote, and Italy is widely seen to be a poster child of … More Italian Elections – Il problema?
The Japanese have a term to describe the effort of continuous improvement for the better: 改善 (pronounced ‘Kai-zen’) That’s what exactly what I need to do. Ever since I decided that I wanted to be a successful macro investor, I’ve embarked on my never-ending journey, climbed mountains and went through valleys, sought out the sages, … More 3rd Quarter 2017 Review: Time for Kaizen!
I recently attended a forum organised by the Singapore Exchange (SGX) and SmartKarma, where an interesting guest speaker was invited for a keynote address. Dr Jim Walker of Asianomics, a witty Scottish economist based in Hong Kong who speaks with a semi-thick Scot accent, delivered an insightful presentation regarding the future prospects of Southeast Asian … More Dr Jim Walker’s thoughts, & observations from Penang…