Archive for September, 2012

  • If you are reading this, it means that you have ascended to the highest levels of government, so it's really, really important that you don't do or say anything stupid, and screw things up for the rest of us. The first thing to remember is that you are a figurehead, about as relevant to the direction of the state as a hood ornament is to the direction of a car -- but you are a very important distraction, the "smiling face" of the fist of power. So hold your nose, kiss the babies, and just think how good you would look on a stamp.

    The Handbook of Human Ownership – A Manual for New Tax Farmers

    If you are reading this, it means that you have ascended to the highest levels of government, so it's really, really important that you don't do or say anything stupid, and screw things up for the rest of us. The first thing to remember is that you are a figurehead, about as relevant to the direction of the state as a hood ornament is to the direction of a car -- but you are a very important distraction, the "smiling face" of the fist of power. So hold your nose, kiss the babies, and just think how good you would look on a stamp.

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  • Every bankers want for an increased in loan growth each and every month/year. This is not a linear growth but an exponential growth. Just imagine an economy that is fuel by an increased in business loan to grow. There will be tipping point.

    News – Business loans dip

    Every bankers want for an increased in loan growth each and every month/year. This is not a linear growth but an exponential growth. Just imagine an economy that is fuel by an increased in business loan to grow. There will be tipping point.

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  • It’s a prudent idea to heed this lesson from Italy, for as the banking malaise in southern Europe spreads, cash is likely going to be a premium asset in the rest of the world as well. And it certainly makes sense for individuals to have some holdings of cold, hard cash in addition to physical metal.

    Why You Always Want Physical Everything

    It’s a prudent idea to heed this lesson from Italy, for as the banking malaise in southern Europe spreads, cash is likely going to be a premium asset in the rest of the world as well. And it certainly makes sense for individuals to have some holdings of cold, hard cash in addition to physical metal.

    Continue Reading...

  • Data clearly shows that, alongside robust private sector activity, public sector-linked activity has been a key driver of GDP growth for the last four quarters. Public sector investment increased by 28.9% year-on-year in Q2, following a 10.3% year-on-year rise in Q1. The third and fourth quarters of 2011 both saw year-on-year public sector consumption increases of over 20%.

    News – Fitch:Malaysian growth supportive, but fiscal pressure remains

    Data clearly shows that, alongside robust private sector activity, public sector-linked activity has been a key driver of GDP growth for the last four quarters. Public sector investment increased by 28.9% year-on-year in Q2, following a 10.3% year-on-year rise in Q1. The third and fourth quarters of 2011 both saw year-on-year public sector consumption increases of over 20%.

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  • In an article by Jeremy Grant, the financial daily said this was due to big-ticket government spending, lending to business by well-capitalised banks, and robust consumer demand, fuelled by pay rises for civil servants and cash handouts that have even seen taxi drivers receive vouchers for free replacement tyres.

    News – M’sia enjoying gravity-defying boom

    In an article by Jeremy Grant, the financial daily said this was due to big-ticket government spending, lending to business by well-capitalised banks, and robust consumer demand, fuelled by pay rises for civil servants and cash handouts that have even seen taxi drivers receive vouchers for free replacement tyres.

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  • Interventions in markets by governments and central banks are routine and we take them for granted. No one questions them, but they can create dangerous distortions. Their reason for intervening is to take price determination away from markets and consumers.

    The purpose of market intervention

    Interventions in markets by governments and central banks are routine and we take them for granted. No one questions them, but they can create dangerous distortions. Their reason for intervening is to take price determination away from markets and consumers.

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  • The evolution of currency systems over the past two centuries, as it turns out, is far more exciting than is usually let on (think political thriller as opposed to economic textbook!). GoldMoney presents, in all its glory, the quixotic history of exchange-rate regimes from 1821 to the present day.

    History of Exchange Rates

    The evolution of currency systems over the past two centuries, as it turns out, is far more exciting than is usually let on (think political thriller as opposed to economic textbook!). GoldMoney presents, in all its glory, the quixotic history of exchange-rate regimes from 1821 to the present day.

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  • What do the following have in common? LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money? The answer is that every single thing in that list is an example of market rigging, fraud, or both.

    What to Do When Every Market Is Manipulated

    What do the following have in common? LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money? The answer is that every single thing in that list is an example of market rigging, fraud, or both.

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  • Their presence introduces not only complications to our good fisherman but a threat to their very survival. Not simply are the spears being thrown wildly around in such a random way they are a danger to our good fisherman, they are causing chaos in the waters. Where fish once moved sedately in calm waters they are now darting around in panic, and so more challenging targets for even the best of our 'good' fishermen

    Fishing for perfect markets

    Their presence introduces not only complications to our good fisherman but a threat to their very survival. Not simply are the spears being thrown wildly around in such a random way they are a danger to our good fisherman, they are causing chaos in the waters. Where fish once moved sedately in calm waters they are now darting around in panic, and so more challenging targets for even the best of our 'good' fishermen

    Continue Reading...