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Singapore Set for Icelandic-Style Property Bubble Meltdown; Hype or Reality?

MishTalk

Singapore’s booming finance and real estate-focused economy has earned it the moniker “The Switzerland of Asia”, and finance professionals from all over the world are flocking to work there to take refuge from the hard-hit financial sectors in their home countries. Fed Funds Rate for the purpose of minimizing large swings in the U.S.

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Why CEOs Can’t Dance Redux

Rick Conlow

A finance executive said this of the decades-old corporate attitude, “We are GM. A global IBM study found that 33% of CEOs had engineering degrees and another 15% had finance degrees. Do you want to benchmark your career with the habits of extraordinarily successful people? Even today, GM has record recalls.

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Chinese Banks Hemorrhaging Deposits, 1st Quarterly Drop Since 1999; Banks Offer iPhones, Even Cars for Large Deposits

MishTalk

Cash rebates, trips abroad, interest rates at the highest premium ever over the official benchmark rate, even free vegetables are among other goodies banks are dangling to get Chinese savers to deposit their yuan in savings accounts. Loan Financing Scheme Will Implode Think Chinese banks can lend money at rates that exceed 7 percent safely?

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Emerging Market Contagion Spreads; Argentina, Venezuela, Turkey Roundup; 50% Tax on Internet Purchases

MishTalk

Argentine policy makers devalued the peso by reducing support in the foreign-exchange market, allowing the currency to drop the most in 12 years to an unprecedented low. You have two very troubling things: uncertainty about the Fed policy, combined with concerns about growth, particularly in China.

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Is the Selloff in Treasuries Overdone?

MishTalk

s Bill Gross, manager of the world’s biggest bond fund, said investors should buy short-term Treasuries and credit securities that will be bolstered by the Fed’s intent to keep benchmark lending rates at almost zero. benchmark lending rates at almost zero. ". result of Minsky’s “Big Government” and “Big Bank” policies has always.

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Argentine Central Bank Chief Quits in Currency Dispute; Hyperinflation On the Way?

MishTalk

After continual clashes over economic policy with Argentina’s economy minister Axel Kicillof, there are fears that Mr Fábrega’s departure may clear the way for greater government control over the central bank. There was a sharp sell-off in the benchmark Merval stock index after Mr Fábrega’s departure was announced.

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Pettis on Strains in China's Banking System; Avoiding the Fall

MishTalk

While the benchmark deposit rate was officially lowered from 3.00% to 2.75%, the upper limit that banks can pay for deposits remained unchanged at 3.30%. It may seem strange to have both a benchmark rate and a “floating range” that establishes a cap, instead of just setting a cap, as was the case until very recently.

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