Japanese Yen: Lower Short Term, But Higher Longer Term [View article]
Well, either way, the debt is unsustainable. There are no easy choices any more. Have you ever considered that perhaps people are not starting a family because the cost of living is so high. And what's behind this high cost of living? Partly it's due to the supposedly high standard of living but partly it's also because due to the high debt load on various households and companies.
Japan has done everything except going bankrupt. It will be hard on the older generation but they were the ones doing all the stupid speculation in the 80s. It's time they pay for it and relieve the younger generation of burden not of their own doing.
The EU crisis edges back into the news cycle as the Germans make noises about not rescuing Cyprus - the eurozone's 3rd smallest economy. The country banks - a nice offshore haven for sweethearts from places like Russia - have assets 8X greater than annual GDP and are essentially insolvent. Look for a bailout soon as the rest of Europe disagrees with Germany's stance. [View news story]
I bet some German politicians have accounts in Cyprus as well. Again, this is a just a song and dance. German politicians need to be seen to be doing something, but in reality this is a done deal.
Is It Too Late To Ride The Stock Rally? [View article]
Considering we haven't reached Dow 35000 or Nasdaq 5000 HELL NO. But I am not an investment advisor so you should take my words with a grain of salt.
In the meanwhile though, someone told me once that the biggest increase in a bubble almost always occur near the end, so maybe there's still chance to catch the final parabolic move.
The Double Impact Of Sales Tax On Amazon.com [View article]
This comment does not make sense, because it does not mention anything about expenses i.e. they can charge the highest but if their COGS, etc is also high then it does crap for profits.
I've said it before in other Amazon related articles, someday perhaps 10 years from now, someone will write the TRUTH about this stock i.e. how it's really manipulated or even how JB turns out to have dirty photographs of everyone in Wall St. I look forward to the day when the book/article comes out.
If Amazon does not care about profits, perhaps it should file itself as a non profit.
Overseas: Japan -0.94%. Hong Kong +0.39%. China +2.41%. India -0.01%. London +0.01%. Paris +0.08%. Frankfurt +0.03%. [View news story]
The first and only rule in Chinese investing is to invest when the government turns on the credit dam. Forget everything else. The stats will be proven to be false in the end, but so what, you can still earn money in the mean time.
Yep, I'd agree with this. Japan may recover some of its exports to China, but if they really want a full recovery, they should pack those islands in a gift box and send them over with a nice card to Beijing, otherwise the moment another "confrontation" erupts, they may as well say goodbye my love.
In Defense Of Apple: Battling The Mounting Hysteria [View article]
The problem is obviously that Apple is not losing money fast enough and yes you read that right. Wall St will only love you if your P/E reaches 3000 and above. Great example: AMZN.
The yen's decline is the real deal, says George Soros holding court at Davos, and it's going to make for some unhappy German exporters. The euro, he says, is the outlier currency as the ECB stands alone among the major central banks in not engaging in QE. His comments hit an already weak yen, sending the dollar higher against it by 1.8% to ¥90.20. The hedged Japan equity fund (DXJ) +2.6%. [View news story]
I didn't hear anybody complaining when the Japanese was manipulating the Yen HIGHER for obvious reasons. But at the very least, they did, what they are doing right now is simply catching up with other countries. Come on, Japan relies big time on its exports and having a strong currency during economic depression is just suicide.
Dell (if it happens) is just the start of an LBO boom, according to a group of P-E honchos holding court at Davos. With debt cheap, companies trading at reasonable multiples, and investors dying for yield, the pieces are in place. "There is so much money chasing yield," says Scott Minerd; $10B of debt entering the market from a Dell deal would be like spitting in the ocean. [View news story]
And a possible increase in unemployment as well? After all, these LBO'ed companies like to get rid of people no?
Japanese exports fell a more than expected 5.8% in December, outpacing expectations for a 4.7% dip, as shipments to China slipped again and even U.S.-bound exports shrank. Imports rose 1.9%, sending the trade deficit to ¥641.5B ($7.24B), which was also wider than economists forecast of ¥548.5B. Exports to China have declined recently over political tensions between the two nations, fell 15.8% in December, while those to the U.S. slipped 0.8%, the first decline in nearly 14 months. Exports to Western Europe fell 12.3%. [View news story]
And they still want the currency to be strong? Insanity abounds.
The Double Impact Of Sales Tax On Amazon.com [View article]
Yep as an AMZN short seller, I am used to seeing the stock rise when the company is losing money. I am always hoping for them to make plenty of profit just to see if the opposite occurs.
The Bank of Japan takes some assertive steps to end its long-running deflation issue, setting a 2% inflation target and starting open-ended purchases of ¥2T/month in government bonds and ¥10T/month in T-bills starting in January 2014. The yen sinks, with a dollar buying ¥89.8 from an earlier ¥89.4. [View news story]
That makes too much sense and therefore will not be done. However much of the debt is related to the Yakuza, hence the inaction till this time. What can a central banker do in the face of politicians and their henchmen?
Chinese Q4 GDP rises 7.9% Y/Y vs. 7.8% consensus, 7.4% prior. December industrial production +10.3% Y/Y vs. 10.2% consensus. December retail sales +15.2% Y/Y vs. 15.1% consensus. Chart of GDP vs. industrial production over the past 2 years. [View news story]
Can someone here tell me the best way to short iron ore? Not thinking of opening a position soon, but wasn't able to find an ETF for doing so.
Japanese Yen: Lower Short Term, But Higher Longer Term [View article]
Japan has done everything except going bankrupt. It will be hard on the older generation but they were the ones doing all the stupid speculation in the 80s. It's time they pay for it and relieve the younger generation of burden not of their own doing.
The EU crisis edges back into the news cycle as the Germans make noises about not rescuing Cyprus - the eurozone's 3rd smallest economy. The country banks - a nice offshore haven for sweethearts from places like Russia - have assets 8X greater than annual GDP and are essentially insolvent. Look for a bailout soon as the rest of Europe disagrees with Germany's stance. [View news story]
Is It Too Late To Ride The Stock Rally? [View article]
In the meanwhile though, someone told me once that the biggest increase in a bubble almost always occur near the end, so maybe there's still chance to catch the final parabolic move.
The Double Impact Of Sales Tax On Amazon.com [View article]
I've said it before in other Amazon related articles, someday perhaps 10 years from now, someone will write the TRUTH about this stock i.e. how it's really manipulated or even how JB turns out to have dirty photographs of everyone in Wall St. I look forward to the day when the book/article comes out.
If Amazon does not care about profits, perhaps it should file itself as a non profit.
Overseas: Japan -0.94%. Hong Kong +0.39%. China +2.41%. India -0.01%. London +0.01%. Paris +0.08%. Frankfurt +0.03%. [View news story]
The Case For Japan - With A Caveat [View article]
The Case For Japan - With A Caveat [View article]
In Defense Of Apple: Battling The Mounting Hysteria [View article]
The yen's decline is the real deal, says George Soros holding court at Davos, and it's going to make for some unhappy German exporters. The euro, he says, is the outlier currency as the ECB stands alone among the major central banks in not engaging in QE. His comments hit an already weak yen, sending the dollar higher against it by 1.8% to ¥90.20. The hedged Japan equity fund (DXJ) +2.6%. [View news story]
Dell (if it happens) is just the start of an LBO boom, according to a group of P-E honchos holding court at Davos. With debt cheap, companies trading at reasonable multiples, and investors dying for yield, the pieces are in place. "There is so much money chasing yield," says Scott Minerd; $10B of debt entering the market from a Dell deal would be like spitting in the ocean. [View news story]
Japanese exports fell a more than expected 5.8% in December, outpacing expectations for a 4.7% dip, as shipments to China slipped again and even U.S.-bound exports shrank. Imports rose 1.9%, sending the trade deficit to ¥641.5B ($7.24B), which was also wider than economists forecast of ¥548.5B. Exports to China have declined recently over political tensions between the two nations, fell 15.8% in December, while those to the U.S. slipped 0.8%, the first decline in nearly 14 months. Exports to Western Europe fell 12.3%. [View news story]
The Double Impact Of Sales Tax On Amazon.com [View article]
Jan. Richmond Fed Mfg. Survey: -12, vs. +5 expected, +5 previous. [View news story]
The Bank of Japan takes some assertive steps to end its long-running deflation issue, setting a 2% inflation target and starting open-ended purchases of ¥2T/month in government bonds and ¥10T/month in T-bills starting in January 2014. The yen sinks, with a dollar buying ¥89.8 from an earlier ¥89.4. [View news story]
Chinese Q4 GDP rises 7.9% Y/Y vs. 7.8% consensus, 7.4% prior. December industrial production +10.3% Y/Y vs. 10.2% consensus. December retail sales +15.2% Y/Y vs. 15.1% consensus. Chart of GDP vs. industrial production over the past 2 years. [View news story]