The Euro’s rapid 15% decline against the Euro has had an important side effect against the Yuan which is pegged to the dollar.While currencies around the world are depreciating against the dollar due to “safe haven” trade,the yuan remains immune,due to its peg to the dollar.Europe is China’s biggest export market throwing a number of […]
Technology has consolidated around 5-10 big players around the world who are gobbling up smaller companies and using their huge cash hoards to outspend the competition.Nothing reflects this better than Samsung’s massive capital spending plan this year.With a dominant share in the memory and LCD markets , Samsung with its huge capex spend this year […]
One of my theories is that a lot of distortions and opportunities for arbitrage that we are seeing in the world today is because “Labor is not Globalized while Capital and Trade are “.However the Restrictions on the “Globalization” or in other words Free Movement of Labor is being reduced through the following trends Improvement […]
The Greek Contagion is back with full force with its attendant symptoms.Only last week these symptoms had shocked us with its ferocity.Last week I wrote in one of the posts The huge amount of uncertainty is hammering the markets and making the VIX vault to incredibly high levels though nothing near the Sept 2008 levels. […]
The European Bazooka which led to a massive short covering rally on Monday has been proven a complete waste in just 5 days. Reports of political and social fissures within the European Union and more importantly the prospect of slow growth in the whole region due to fiscal cuts has led to the Euro falling […]
China is recognized as the manufacturing hub of the world due to its low cost of labor and capital coupled with the pro industry policies of the government.These advantages are now being leveraged by the country to establish leadership in Green Energy which many recognize as the next Big Industry . Despite rhetoric from Obama […]