World economy talk

[uls]

some posts ago, we were talking about a bond bubble

look what's happening to the 10 yr and 30 yr futures

10 yr note dec 2010


30 yr bond dec 2010


yields climb

[tidus1203]

Lahat yan natural reactions lang to a positive jobs number (well we still lost jobs mind you, but as long as its better than expected the markets will pop)... RISK ON!

[uls]

things are starting to reverse

ISM services actual 51.5 expected 53 prior 54.3

watch the risk on/risk off proxy

AUD/JPY


tidus, watch QID

[tidus1203]

Yeah I am watching it, I plan to cut it today pero tignan ko sa galaw muna. Pero malamang I will still end up cutting it...

[tidus1203]

Also take a look at USD/CHF

[silverrain]

Meanwhile....
local stocks rallied today PSEi * 3700 level for the first time. This is due to bullish foreign fund managers

[tidus1203]

For the local traders, yung PLDT is actually traded in the NYSE as an ADR. Ticker is PHI. But its pathetic trading at only 90,000 shares a day... But hey PLDT in the local market even trades much less in a day!

[uls]

yep

emerging market stocks are hot

check out the MSCI EM index

http://www.bloomberg.com/apps/quote?ticker=MXEF:IND

[tidus1203]

Even our currency is quite hot. Its now below 45 to the USD. Bad news for OFW's... Good news for importers and consumers...

[safeorigin]

aren't we consuming too much already?

oh wait I forgot... we live in a keynesian country

[tidus1203]

Anyone saw the movie Despicable Me?

Minor Spoiler. The Bank of Evil there made me laugh... Of course very few moviegoers knew what it meant...



BANK OF EVIL formerly Lehman Brothers!

[tidus1203]

BTW, no US markets tonight... Labor Day over there...

[tidus1203]

September 15, 2008. The day that changed Wall Street. We are nearing its 2nd anniversary!

[ame="http://www.youtube.com/watch?v=aPOtQkSiCk8"]YouTube- The Fall of Lehman Brothers P1[/ame]

[uls]

yep

2 years na

how time flies

[tidus1203]

Hahaha John Thain was brilliant. He knew he was next so kapit kaagad sya kay Ken Lewis.

[niky]

Anyone saw the movie Despicable Me?

Minor Spoiler. The Bank of Evil there made me laugh... Of course very few moviegoers knew what it meant...



BANK OF EVIL formerly Lehman Brothers!

Just watched it. That part gave me a chuckle.

[uls]

that time, ML was near collapse already

B of A was forced by the USG/Fed to buy ML

coz if ML also collapsed, the effect on the global financial system would have been catastrophic

B of A never had time to study ML

they later on found out ML had massive losses

they tried to abandon the deal in December 2008 after finding out ML's losses

B of A got an extra $20B from the USG (on top of $25B) to go thru with the the purchase of ML

[tidus1203]

Just watched it. That part gave me a chuckle.

Yeah perfect timing too we are near the 2nd anniversary of Lehman's collapse that literally FROZE credit markets. No one wanted to loan and even blue chip US companies are even having a hard time getting loans to pay for daily operating expenses...

[tidus1203]

that time, ML was near collapse already

B of A was forced by the USG/Fed to buy ML

coz if ML also collapsed, the effect on the global financial system would have been catastrophic

B of A never had time to study ML

they later on found out ML had massive losses

they tried to abandon the deal in December 2008 after finding out ML's losses

B of A got an extra $20B from the USG (on top of $25B) to go thru with the the purchase of ML

Try leveraging your balance sheet 40X and invest it during the housing haydays and no wonder Lehman Brothers was a toxic wastepit...

[safeorigin]

funny thing though was Fox News was endorsing on investing on them before the collapse