BCA Research: Food And Energy Prices: A Prolonged Correction Underway?
Capital Spectator: Pondering Real Yields
Remember that this gives a good sense of what our $300B+ forex reserves earn.
Mint: Divestment drive may breathe life into market
India’s equity capital markets could see a revival around the fourth quarter of this calendar year (October-December) if the government goes ahead with reforms as it is expected to, according to investment bankers who are looking forward to at least half-a-dozen IPOs, FPOs, and strategic stake sales in state-owned companies.
“The government needs money,” said the chief executive of a large Indian investment bank, but he doesn’t expect the government to push too many deals before its term ends towards the middle of next year, when parliamentary elections are due.
Not one equity capital market deal has been reported from India thus far in July, including IPOs, qualified institutional placements...
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MORE LABOR PAINS From: feeds.feedburner.com Post Date: 2008-11-13 08:14:55
Submitted by The Capital Spectator
This morning’s update on initial jobless claims is both sobering and clear: the economy is contracting and the trend has legs.
There’s no debate on this point now, nor is there much to be done in the short term to alter the fate that now awaits the U.S. The wave is crashing [...] ... more
Submitted by The Capital Spectator
Yesterday it was producer prices; today it’s consumer prices. The collective message is all the clearer: the risk of deflation is rising.
Consumer prices dropped 1% last month–a huge decline for a single month and the biggest on record, based on historical data on the Labor Department’s web site going back to [...] ... more
Financial Times: GaveKal’s four ways to make money
. . . how money managers can make money in the current conditions -
1. Run some kind of momentum trade
2. Run some kind of return to the mean trade
3. Run some kind of carry trade
4. Run some kind of negative carry-trade
Via Big Picture , Welling @ Weeden: Inflation Not The Problem
The Royal Bank of Scotland Group Plc (RBS LN) has the largest rights issue in European history, and everybody cheers it! It ma... more
Business Standard: RBI`s double whammy makes India Inc see red
RBI raised the repo rate, or the rate at which it lends to banks, by 50 basis points to 8.50 per cent. The cash reserve ratio, or the proportion of deposits kept with the central bank, will be increased by 50 basis points to 8.75 per cent.
While the repo rate has been increased to 8.50 per cent with immediate effect, the CRR hike will be implemented in two phases: To 8.50 per cent from the fortnight starting July 5, and t... more
Morgan Stanley: Inflation Outlook − Three Scenarios
What Is Driving WPI to Higher Levels?
We divide the WPI items into four groups: 1) food; 2) fuel and electricity; 3) global commodities ex-mineral oil; and 4) non-food, non-global commodities. The bulk of the acceleration in headline inflation from the low of 3.1% during the week ended November 24, 2007, to the current peak of 11.89% during the week ended June 28, 2008, has been driven by the rise in food,... more
I’m a fan of interviews and - thanks to Maoxian / Market Folly - came across the latest Institutional Investor’s Hedge Fund Hall of Fame, featuring interviews with:
Bruce Kovner , James Simons , Julian Robertson , George Soros , Michael Steinhardt , Kenneth Griffin , Seth Klarman , David Swensen , Steven Cohen , Leon Levy , Jack Nash , Louis Bacon , Alfred Winslow Jones , Paul Tudor Jones
Some of these were also featured in Schwager’s famous Market Wi... more
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