World economy talk

[Ry_Tower]

ano idea mo OB? mag uumpisa ka ng hedge fund?

Another Ponzi scheme but much worse! :hysterical:

[uls]

baka francswiss o aman ang idea ni OB

[uls]

China boycott of Japanese care drives up cost of protection for Toyota bonds

Toyota China boycott drives bond risk above Japan government bonds | The Detroit News | detroitnews.com

Toyota Motor Corp.'s two-year reign as a better credit than the Japanese government has ended as violent protests over a territorial dispute with China hurt its sales in the world's biggest car market.

The credit-default swaps for Toyota, the world's largest automaker, climbed 8.4 basis points to 85.5 basis points on Oct. 10, exceeding the 84 basis points for the sovereign for the first time since August 2010, according to data provider CMA. Those for Honda Motor Co. rose 7.5 to 85.9, while Volkswagen AG increased 1.1 to 105.5, the data show.

Toyota's September deliveries in China dropped 49 percent from a year earlier, the biggest drop since at least 2008, after demonstrators protesting Japan's purchase of islands claimed by both countries torched Japanese auto showrooms and smashed vehicles last month. Continuing tensions are deterring buyers concerned their automobiles will be targeted, according to Kazuo Ohara, executive vice president at Toyota's luxury brand Lexus.

[Ry_Tower]

Seems like Iraq WMD all over nga. Tsk

Sent from my WT19i using Tapatalk 2

[Monseratto]

More like a Libyan style intervention. Air-support and special-forces/air controller for the rebel opposition.

[uls]

check out the correlation between US monetary base and the price of gold

what is monetary base?
Monetary Base Definition | Investopedia

Definition of 'Monetary Base'
The total amount of a currency that is either circulated in the hands of the public or in the commercial bank deposits held in the central bank's reserves. This measure of the money supply typically only includes the most liquid currencies.

Investopedia explains 'Monetary Base'
For example, suppose country Z has 600 million currency units circulating in the public and its central bank has 10 billion currency units in reserve as part of deposits from many commercial banks. In this case, the monetary base for country Z is 10.6 billion currency units.

US monetary base has stabilized



gold = anti-money printing

as more fiat currency is printed (monetary base increase) the price of gold goes higher

so if monetary base stabilizes, the price of gold should stabilize too right?

right. stabilized under $1800

[Monseratto]

Sinking feeling...

Japan sinks into fresh recession
By Ben McLannahan In Tokyo

Japan slipped into a technical recession in the six months to September, strengthening opposition leader Shinzo Abe’s case for more fiscal stimulus and “unlimited” monetary easing to boost growth in the world’s third-largest economy.

Final gross domestic product data on Monday showed that output slipped by 0.9 per cent in the three months to September, in line with earlier estimates. However, the government revised down the previous quarter’s estimate to an annualised 0.1 per cent contraction, matching the textbook definition of a technical recession. It would be Japan’s fifth in the past 15 years.

The revision to the official estimate of April-June GDP growth to a shade below zero offers little new information about the near-term prospects for the world’s third-largest economy. Japan’s GDP data are frequently substantially revised in the quarters after they are initially announced and many economists have already forecast that the economy will contract again in the current quarter.

But the revision highlights the difficulty Japan is having in establishing sustained growth after the brutal downturn into which it plunged following the 2008 global financial crisis and the huge earthquake and tsunami that hit the nation’s northeast coast in March 2011.

[Monseratto]

OFW money driving the economy. Foreign investors still shun the PH...and leaving in droves. one reason is Pres BS Aquino wishy washy mining policy....

Bangko Sentral: Foreign direct investments drop 60% in Sept.
December 10, 2012 5:53pm

Amid the global economic woes, inflow of foreign direct investments to the Philippines nosedived in September, the Bangko Sentral ng Pilipinas said in a statement Monday.

Net inflow of foreign direct investments to the Philippines fell by 60 percent to $55 million from $138 million a year earlier.

Poor investment appetite for the month due to crisis in the euro zone weighed on FDI flows, the Bangko Sentral said.

The September figure, however, brought the nine-month tally to $1.09 billion, up 40 percent from $782 million in the period last year.

“The major sectors that benefited from the investments were the manufacturing, real estate, wholesale and retail, mining and quarrying, financial and insurance, and transportation and storage sectors,” the central bank said.

The United States, Australia, the Netherlands, British Virgin Islands, and Japan were the country's top investors in September.

The Philippine government is hoping the country will corner more FDIs starting next year, as officials expect the country to snag an investment grade rating next year on the back of improving macroeconomic fundamentals.

An investment grade from credit rating agencies may spur a surge in FDIs to the Philippines.

The Philippine economy grew by 6.5 percent in the first three quarters of the year, registering one of the fastest growth rates during the period in the Association of Southeast Asian Nations.

The country is now rated just one notch below investment grade by all major credit-rating agencies, namely Moody’s Investor Service, Fitch Ratings, and Standard & Poor’s, following rating upgrades in the past two years. — SOA/VS, GMA News

Compared to this...

Direct foreign investment pours into Indonesia despite worries
By Adriana Nina Kusuma and Rieka Rahadiana

JAKARTA | Mon Oct 22, 2012 3:30am EDT

(Reuters) - Indonesia attracted a record $5.9 billion in foreign direct investment in the third quarter, signaling that Southeast Asia's biggest economy remains a hot favorite despite a bleak global outlook and worries about corruption and corporate governance.

In rupiah terms, total FDI in July to September rose 22.00 percent year-on-year to 56.6 trillion rupiah ($5.90 billion), after 30.2 percent annual growth in the second quarter. The third quarter number is a record for any quarter.

Although the increase is less dramatic in dollar terms, and the number is dwarfed by China's $24.34 billion FDI in the same period, it signals that Indonesia's spotty reputation in protecting foreign investors and other worries are being seen as acceptable risks.

India, with an economy twice the size of Indonesia, attracted only $4.43 billion in FDI in the second quarter.

"It's no one factor driving this investment (in Indonesia) but the combination of a well-diversified economy and a consumer base with optimism at an all-time high," said Arian Ardie, COO of Terrasys Energy, a renewable energy consultancy and investment firm.

According to the country's foreign investment board, base chemicals, mining and transportation-telecommunication industries were the main recipients of investment in the third quarter.

- - - Updated - - -

OFW money driving the economy. Foreign investors still shun the PH...and leaving in droves. one reason is Pres BS Aquino wishy washy mining policy....

Bangko Sentral: Foreign direct investments drop 60% in Sept.
December 10, 2012 5:53pm

Amid the global economic woes, inflow of foreign direct investments to the Philippines nosedived in September, the Bangko Sentral ng Pilipinas said in a statement Monday.

Net inflow of foreign direct investments to the Philippines fell by 60 percent to $55 million from $138 million a year earlier.

Poor investment appetite for the month due to crisis in the euro zone weighed on FDI flows, the Bangko Sentral said.

The September figure, however, brought the nine-month tally to $1.09 billion, up 40 percent from $782 million in the period last year.

“The major sectors that benefited from the investments were the manufacturing, real estate, wholesale and retail, mining and quarrying, financial and insurance, and transportation and storage sectors,” the central bank said.

The United States, Australia, the Netherlands, British Virgin Islands, and Japan were the country's top investors in September.

The Philippine government is hoping the country will corner more FDIs starting next year, as officials expect the country to snag an investment grade rating next year on the back of improving macroeconomic fundamentals.

An investment grade from credit rating agencies may spur a surge in FDIs to the Philippines.

The Philippine economy grew by 6.5 percent in the first three quarters of the year, registering one of the fastest growth rates during the period in the Association of Southeast Asian Nations.

The country is now rated just one notch below investment grade by all major credit-rating agencies, namely Moody’s Investor Service, Fitch Ratings, and Standard & Poor’s, following rating upgrades in the past two years. — SOA/VS, GMA News

Compared to this...

Direct foreign investment pours into Indonesia despite worries
By Adriana Nina Kusuma and Rieka Rahadiana

JAKARTA | Mon Oct 22, 2012 3:30am EDT

(Reuters) - Indonesia attracted a record $5.9 billion in foreign direct investment in the third quarter, signaling that Southeast Asia's biggest economy remains a hot favorite despite a bleak global outlook and worries about corruption and corporate governance.

In rupiah terms, total FDI in July to September rose 22.00 percent year-on-year to 56.6 trillion rupiah ($5.90 billion), after 30.2 percent annual growth in the second quarter. The third quarter number is a record for any quarter.

Although the increase is less dramatic in dollar terms, and the number is dwarfed by China's $24.34 billion FDI in the same period, it signals that Indonesia's spotty reputation in protecting foreign investors and other worries are being seen as acceptable risks.

India, with an economy twice the size of Indonesia, attracted only $4.43 billion in FDI in the second quarter.

"It's no one factor driving this investment (in Indonesia) but the combination of a well-diversified economy and a consumer base with optimism at an all-time high," said Arian Ardie, COO of Terrasys Energy, a renewable energy consultancy and investment firm.

According to the country's foreign investment board, base chemicals, mining and transportation-telecommunication industries were the main recipients of investment in the third quarter.

[Monseratto]

The Philippines is still the pariah in terms of investment. Foreign investors still shun it...and leaving in droves. one reason is Pres BS Aquino wishy washy mining policy....

Bangko Sentral: Foreign direct investments drop 60% in Sept.
December 10, 2012 5:53pm

Amid the global economic woes, inflow of foreign direct investments to the Philippines nosedived in September, the Bangko Sentral ng Pilipinas said in a statement Monday.

Net inflow of foreign direct investments to the Philippines fell by 60 percent to $55 million from $138 million a year earlier.

Poor investment appetite for the month due to crisis in the euro zone weighed on FDI flows, the Bangko Sentral said.

The September figure, however, brought the nine-month tally to $1.09 billion, up 40 percent from $782 million in the period last year.

“The major sectors that benefited from the investments were the manufacturing, real estate, wholesale and retail, mining and quarrying, financial and insurance, and transportation and storage sectors,” the central bank said.

The United States, Australia, the Netherlands, British Virgin Islands, and Japan were the country's top investors in September.

The Philippine government is hoping the country will corner more FDIs starting next year, as officials expect the country to snag an investment grade rating next year on the back of improving macroeconomic fundamentals.

An investment grade from credit rating agencies may spur a surge in FDIs to the Philippines.

The Philippine economy grew by 6.5 percent in the first three quarters of the year, registering one of the fastest growth rates during the period in the Association of Southeast Asian Nations.

The country is now rated just one notch below investment grade by all major credit-rating agencies, namely Moody’s Investor Service, Fitch Ratings, and Standard & Poor’s, following rating upgrades in the past two years. — SOA/VS, GMA News

]

[aramid]

Devaluing your currency does have its merits.

[Monseratto]

Tick...tick...tick...

[uls]

market chatter... Apple may pay out a special dividend of $30/share

[Ry_Tower]

Pabagsak nang pabagsak.

Greek unemployment hits 26% in 4th quarter | Inquirer Business

[uls]

Cyprus parliament to vote on savings levy | Reuters

(Reuters) - Cyprus's parliament will decide on Sunday whether savers must pay a levy on bank deposits under terms for an international bailout to avert bankruptcy - with approval far from certain.

The euro zone demand on Saturday that savers pay up to 10 percent of deposits as a condition for the 10 billion euro ($13 billion) bailout drew fury in the eastern Mediterranean island and caused some jitters elsewhere in the region.

who is the genius that came up with that idea?

that's gonna cause banks runs throughout the eurozone

[c_cube]

Uls tingin mo ba pababa pa gold?

Magkano tingin mo rock bottom nito bago tumaas ulit?

Sent from my GT-P1000 using Tapatalk 2

[uls]

$1000?

dunno

the price of gold will keep falling as long as the market thinks the Fed will stop all that money printing

the Fed currently prints $85B a month to buy USG debt and mortgage bonds

that devalues the US dollar so investors used gold as a hedge

if the Fed reduces asset purchases the US dollar will strengthen and there will be less need for hedging

there's an ongoing bet (long USD) the Fed will reduce asset purchases soon coz the US economy is improving

the bet is so popular right now everybody and their grandmother are in it

but what if the jobs report on friday isnt good? the Fed can't reduce asset purchases. those long USD positions will be liquidated and everybody will buy gold

hard to predict dude

[uls]

might as well unplug now and come back on Friday

everybody's waiting for the US jobs report

TOKYO (Reuters) - Asian shares were steady on Wednesday as investors marked time before key U.S. jobs data later this week amid speculation over when the U.S. Federal Reserve would begin scaling down its massive stimulus program.

[uls]

investors buying gold just in case the jobs report isnt good

[uls]

[uls]

Uls tingin mo ba pababa pa gold?

Magkano tingin mo rock bottom nito bago tumaas ulit?

Sent from my GT-P1000 using Tapatalk 2

uls:

$1000?

dunno

the price of gold will keep falling as long as the market thinks the Fed will stop all that money printing

the Fed currently prints $85B a month to buy USG debt and mortgage bonds

that devalues the US dollar so investors used gold as a hedge

if the Fed reduces asset purchases the US dollar will strengthen and there will be less need for hedging

there's an ongoing bet (long USD) the Fed will reduce asset purchases soon coz the US economy is improving

the bet is so popular right now everybody and their grandmother are in it

but what if the jobs report on friday isnt good? the Fed can't reduce asset purchases. those long USD positions will be liquidated and everybody will buy gold

hard to predict dude

but it's good and precious metals are getting dumped