《華爾街後巷》

New

wallstreetback — Sun, 22 Nov 2009 02:18:44 +0800

新互動平台:

http://www.thebackstreetjournal.com/

後巷電台:

http://www.openradiohk.com/prog.php?id=77

How many hours you work per week?

wallstreetback — Wed, 08 Jul 2009 23:38:57 +0800

Some say that unemployment rate is a good indicator of the state of the economy. So what do you use to predict unemployment rate?

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Inflation + deflation = Compartflation

wallstreetback — Thu, 18 Jun 2009 22:51:04 +0800

From FT Alphaville,

Why take two price scenarios into the shower, when you can just take one?

Introducing “compartflation” an economic environment in which both inflationary and deflationary forces compete to generate recession or stagnation.

Counterfeiting or Smuggling... USD $134.5 billion?

wallstreetback — Sat, 13 Jun 2009 22:42:58 +0800

OMG. This is HUGE.

From AsiaNews (and reported later by Bloomberg),

Milan (AsiaNews) – Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.

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Why CDS should be banned - Soros

wallstreetback — Sat, 13 Jun 2009 22:22:35 +0800

Soros could not have said it better:

"It's like buying life insurance on someone else's life and owning a license to kill," he concluded."

Articles and more explaination can be found here from Reuters.

China imports actually falls...BDI speculators, beware!

wallstreetback — Sat, 13 Jun 2009 21:58:17 +0800

From Wall Street Journal,

“Merchandise exports in May fell 26.4% from a year earlier, China’s Customs agency said Thursday, accelerating from April’s 22.6% decline as global demand remained weak. China’s imports also extended their fall, dropping 25.2% in May from a year earlier after shrinking 23% in April.”

So the raw material isn't yet pouring into China as we might have suspected, at least the data say so.

NYT articles here, and another blog post on the same subjects with more graphs can be seen here.

Treasury Secretary...and being laughed at

wallstreetback — Thu, 04 Jun 2009 01:46:30 +0800

Seems like all the mainstream media missed this interesting incident.

Quote from The Telegraph,

In his first official visit to China since becoming Treasury Secretary, Mr Geithner told politicians and academics in Beijing that he still supports a strong US dollar, and insisted that the trillions of dollars of Chinese investments would not be unduly damaged by the economic crisis. Speaking at Peking University, Mr Geithner said: "Chinese assets are very safe."
The comment provoked loud laughter from the audience of students.

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Nothing is certain but death and...VAT

wallstreetback — Fri, 29 May 2009 22:52:13 +0800

Just a hint of discussion. Nothing is certain yet. But I wouldn't put any bets on it not happening during the Obama administration.

Full article is here.

Bad signs for home buyers in US

wallstreetback — Fri, 29 May 2009 22:08:11 +0800

This is interesting. Mortgage lenders across the country cannot lock in a rate for homebuyers. Some lenders are posting as high as 8%. Another case of "what goes up must come down". I don't even dire to think aboout the consequences...

Full article is here.

Fiat Currency

wallstreetback — Wed, 27 May 2009 03:37:25 +0800

Come across something interesting on fiat currency.

The original article, as mentioned from "Clusterstock", argues about the slim possibility of Renminbi becoming the currency to replace the US Dollar. Basically this won't going to happen as it is still under the heavily control of the Chinese government.

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After subprime, we have...commercial real estate

wallstreetback — Tue, 26 May 2009 00:53:25 +0800

Subprime is only one of the markets where SOME of the easy credits has been. The other not-so-obvious one is commercial real estate. With 1.4 trillion debt coming, Uncle Sam may have to come up with more money again.

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No more monopoly...in aircraft maintenance

wallstreetback — Sun, 24 May 2009 00:22:58 +0800

Well, this deal actually brings together the Chinese, Americans and Taiwanese together. No more monopoly for 香港飛機工程(0044.HK). Full article can be read here.

誰搬走了我的甲甲甲

wallstreetback — Fri, 22 May 2009 23:44:09 +0800

In short, rating agency may reconsider the AAA rating of the US government. Suprise? no. Implications? Hardly any, according to Felix Salmon, a long-time blogger currently blogging in Reuters.

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Business as usual...?

wallstreetback — Thu, 21 May 2009 23:25:31 +0800

The US banks that have received government assistance during the worst of the financial crisis is itching to payback the money as the situation improves in recent weeks. Sounds Fair? According to a commentary from Barry Ritholtz, the answer is... "Not so fast"!

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How China is hedging her explosure on the dollar

wallstreetback — Thu, 21 May 2009 02:48:39 +0800

As Premier Wen Jaibao is slightly worried about the value of the US dollar collapseing under the huge burden of debt, what should the Chinese government do to hedge against the risk? I've read at least 2 interesting suggestions as to what China or US should do, but it seems like the Chinese government is using one of the oldest tricks as what typical housewives would do if one is losing faith in the currency: go shopping for essential supply.

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