My first (not last) Financial news pick of the day (071207)

Posted by richeyxx on July 11th, 2007 — Posted in English, Econ & Finance, News & Comnents

Sorry haven’t been around for a little while, work piled up and I was kinda busy playing around with twitter, ranting, rather than writing meaningful things.  However, I’m afraid that this is going to hang around for a little while longer.

Therefore, I have picked some (financial) news of the day (in Chinese of course, but some English ones soon), plus breif comments, which I think serves as an indication of what’s happening in the global economy, and could help us (well certainly me) think about what’s going to happen next and be prepared.  Even if I’m wrong, it serves as a simple analytical exercise so that, in the future, we (again, at least me) are more sensitive to the subtle changes and can act accordingly.

財資市場公會為在港發行人民幣債券提供每日定價  (aastocks.com)

It seems that they’re actually taking the RMB bond business quite seriously in Hong Kong, which is good, if China decides ultimately to use open market operations to raise interest rates to curb their soon-to-heat-up (if not overheated already) economy, then one can assume that it might be carried out in Hong Kong, using it as a bottleneck to channel money.

That means, if the above said happens, a lot of RMB will be flowing in and out of Hong Kong.  You may wonder why don’t they do it inside their own country? They may well do, but by now you may have realised that apart from FDI flowing into China and trade surpluses etc., a lot of other people are also holding RMB in wait of the big appreciation trend.  It’s not just the Chinese who are sitting on a mountain load of RMB.

日本央行維持隔夜拆息0.50%不變 (aastocks.com)

It was an 8:1 no vote against raising interest rates, and rightly so becasue Japan’s economy doesn’t see a need in doing such a thing.  Even if it’s business as usual for the carry traders, it does make perfect sense - Japanese imports (export for the Japanese) are now rather cheap compared to, say, high tech stuff churning out of Europe.  Remember, Japan isn’t the world’s factory, but a high tech-producing economy.  So in a macroeconomic sense it helps them to keep it that way…well until inflation hits them that is.

It’s pretty much the status quo for now, but wait for the change…

曾俊華指會研究發展石油期貨市場 (新城電台)

YippeeKaiyay motherfucker! It’s time to have a piece of that game in HK (which kinda brings back bad memories of the black market days…sigh).  What’s better than playing commodities futures? Yeh!!

IAEA head sees smooth shutdown in N Korea (Financial Times)

That’s it? That’s the end of the N Korea nuclear crisis? Times had changed greatly my friend, getting rich beyond your wildest dreams was more important to Kim Jong Il now than absolute power over the people (he may still has in…but not in 10 years’ time).

Damn…

Posted by richeyxx on July 4th, 2007 — Posted in English, Econ & Finance, News & Comnents

Some musings about stock market paticipant behaviour…

Posted by richeyxx on July 4th, 2007 — Posted in English, Econ & Finance, Musings

Some musings…

Posted by richeyxx on July 4th, 2007 — Posted in English, Econ & Finance, Musings

好地方

Posted by linglingng on July 4th, 2007 — Posted in Chinese