Archive for December, 2012
The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog.
Here’s an excerpt:
The new Boeing 787 Dreamliner can carry about 250 passengers. This blog was viewed about 1,200 times in 2012. If it were a Dreamliner, it would take about 5 trips to carry that many people.
2 months ago I made this call on Chinese Equity Markets and Currency – Equity markets defied the fall last night to rally to new highs this month…What about other indicators?
2 months ago I made this call on Chinese Equity Markets and Currency. Since then the benchmark indices have rallied more than 10% to recoup all losses this year while the currency has hit a new 19 year high against USD
Weather’s been gloomy this week, work has been hectic and body is tired. As a result, being patient was not in me over this weekend. Today I was upset with Joseph over something small but we made up shortly after. He has a concert this coming Friday. so I decided to ask him “Do you want me to be there for your year-end concert? He replied “You can come if you want to” That reply reminds me of the song “Over You” sang by Miranda Lambert and Cassadee Pope recently……
It was only December
I still remember the presents, the tree, you and me
But you went away
How dare you?
I miss you
They say I’ll be OK
But I’m not going to ever get over you
Remember you can always get over being upset or angry with someone you love but you will never going to get over them when they are gone…Treasure your love ones..
Debt offerings by weak/low credit standing companies guaranteed by Asian Banks have started to picked up recently. For example Doosan’s debt guaranteed by Korea Development Bank, China Cement debt guaranteed by DBS Bank and the latest the debt offering by China Cosco guaranteed by Bank of China.
Please click on the link below for full report by Bloomberg.
“If Cosco was on a standalone credit they would probably struggle to raise any money from the market,” Jeffrey Yap, the Hong Kong-based head of Asia fixed-income trading at Mizuho Securities Asia Ltd. said in a telephone interview yesterday
Still, the banks are taking on off-balance sheet risk by guaranteeing the debt, which could create problems if more lower-quality companies’ bonds are protected, according to Mizuho’s Yap. That could lead to a number of claims on the bank for funds, he said.
“The authorities need to watch out if the banks are putting on a lot of risky credit onto the book by guaranteeing the credit of those companies,” he said. “If we start seeing smallish companies, or even property companies, getting bank guarantees that’s what we need to watch out for.”