In its September policy update, the Bank of Japan (BOJ) announced that it’s tweaking its framework to “Quantitative & Qualitative Easing with Yield Curve Control”, with 2 major components: Yield curve control: “the bank will control short-term and long-term interest rates” Inflation-overshooting commitment: “the bank commits itself to expanding the monetary base until the year-on-year … More The BOJ’s new framework may mean that the Yen may become Confetti some day…
As the legendary Soros declares above: investing is never about making predictions, it is about making probability-adjusted bets. Hence global macro investors tend to map out scenarios and devise action plans to deal with uncertainty in the financial markets. The US Dollar is a mega trend that has to be observed closely by virtue of the … More Portfolio strategy for 4Q 2016: Watch the USD for cues
In 2008, (most) people all around the world were caught up in a rude shock as they see one of the worst financial crisis crashed upon the shores of their countries. Equity markets everywhere crashed, millions of jobs disappeared and banks all around the world had to be bailed out by governments. Even the British Queen (Elizabeth … More Deleveraging crisis ahead?
Take a look at this info-graphic for a moment: It chronicles the history of the tallest skyscrapers ever built on earth. Now, look at the years they were completed. Notice anything interesting? Here’s a hint: historically, each new skyscraper coincided with the end of an economic boom associated with it… a hallmark that signifies the … More Jeddah’s Kingdom Tower -Tombstone of a hydrocarbon juggernaut?
Year-to-date, the US Dollar has weakened against many currencies, including the Japanese Yen, the Swiss Franc and commodity currencies like the Canadian, Australian and New Zealand Dollars. This weakness has led to some commentators saying that the USD’s rise since 2014 is now over. However, there exists a high probability that the greenback may roar back to … More The Greenback’s bull run may not be over… yet