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Showing posts from April, 2008
M.U. 1
Barcelona 0

Nail biting stuff... now what did Deco say before the match?!

p/s photo: Barbie Xu
Things To Come From Food Crisis

More rushed conferences and summits among regional players. DOHA antagonistic buggers to meet again and again only with a more conciliatory attitude this time. Hoarding will not just be by private sector but some governments will be doing that as well. Countries importing food will reduce import tariffs substantially - hmmm, I wonder why! Countries exporting may be raising export tax. Partly oil in 3 figures is to be blamed as they contribute to more expensive transportation and fertilizer costs. Biofuels now viable with fuel at staggering levels caused diversion of edible products into biofuels - not such a good idea now. Higher food prices have caused feedling livestock to be a huge burden, thus forcing many farmers to sell much of the livestock younger and cheaper - but the flip side a few months down the road is the lack of livestock. Governments to increase subsidy to farmers to keep farming, and keep the lid on controlled necessities - just more mo…
The Food Train Wreck

Comments in PURPLE.

Encik Wan said...What do you suggest? Cut liquidity to curtail demands? Speed of production of commodities cannot match rate of increase in demands. You cannot ask emerging countries to go back to old days, right?The biggest problem, which many are still not aware, is that unlike the subprime crisis and the credit implosion, a food crisis cannot be solved or minimised by pumping liquidity or having more bailouts. You cannot just plant more rice or coffee overnight. Hence the headline: its a train wreck waiting to happen. It will happen. There is nothing much we can do to stop it. How's that for being optimistic?

Wai Kit said...question is, what's the best way to position our portfolio during inflation environment? invest in gold, palm oil, stocks related to food production, O&G etc?Gold.

Smart Money said...What's your thoughts on the effects of inflation on property prices? Are they sure to increase in value? What's the effe…
Golf Balls, Pebbles, Sand & 2 Cups of Coffee

When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the mayonnaise jar and the 2 cups of coffee.

A professor stood before his philosophy class and had some items in front of him. When the class began, he wordlessly picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. He then asked the students if the jar was full. They agreed that it was.

The professor then picked up a box of pebbles and poured them into the jar He shook the jar lightly. The pebbles rolled into the open areas between the golf balls. He then asked the students again if the jar was full. They agreed it was.

The professor next picked up a box of sand and poured it into the jar. Of course, the sand filled up everything else. He asked once more if the jar was full. The students responded with an unanimous 'yes.'

The professor then produced two cups of coffee from under the table an…
Authority Says Buy

China markets is still run like a strict traditional family. After watching the markets fall on inflationary worries for a prolonged period, the authorities know that without "guidance" the markets will remain in a funk for the longest time. The China Securities Regulatory Commission announced that all major shareholders could only sell large tranches of shares through a block trade or over the counter. And shareholders need to announce placement plans one month in advance if they want to sell more than 1 percent of a company's total stock. People expect there will be more measures to come. It is very obvious that if the first move is insufficient to restore confidence, there could very well be a stamp duties reduction in the coming future.Market watchers said investors are still watching for blue-chip tradable shares worth 1.7 trillion yuan (HK$1.89 trillion) and 12 trillion yuan to come on to the market, this year and in 2009. During past days, it…

WSJ: The Monetary Authority of Singapore is investigating why Jade Technologies Ltd., a takeover target, delayed disclosing that Merrill Lynch & Co. had seized a large block of its shares, causing investors to lose millions of dollars. The circumstances of the takeover offer for Jade were already under investigation by Singapore's white-collar crime unit and the council that oversees mergers and acquisitions.Jade is listed on Catalist, Singapore's secondary board. The takeover offer, if it had gone through, would have valued the company at S$218 million (US$160.8 million). Now the aborted offer, by Jade President Anthony Soh, is threatening to undermine investor confidence in the Singapore market, among the most developed in Asia. The controversy has become a test case for regulators, with institutional and individual investors complaining that the system has wronged them.OCBC, Mr. Soh's adviser, had vouched for his ability to fund the deal. OCBC subsequently with…
General Electrocution

Why is GE so important? Missing a quarter can bring the entire market down triple digits. Well, not counting the slide in Asian markets come Monday morning as well. GE is important because:
1) It is supposedly the best managed company globally
2) Its ability to beat quarterly estimates are legendary, which translates to having a great hold on business analytics, management execution and forecasting
3) It is a diversified global industrial giant, and as such should be able to weather the supposedly "localised banking correction in the US"
4) If the going gets tough for GE, can you imagine the situation for lesser companies

The company reported a 12 percent decline in first-quarter profit — its first in five years — and dim prospects for the rest of the year. GE is one of only five AAA-rated corporations worldwide, and its troubles accessing the credit markets underscore how seriously broken the credit system has become. If the weakness was solely concentrated …
HK Film Awards

Best Film

The Warlords
Produced by : Andre Morgan, Huang Jian Xin, Peter Chan Ho Sun
Produced by : Peter Chan Ho Sun
The Postmodern Life Of My Aunt
Produced by : Yuan Mei, Yu Dong & Cui Yong
Mad Detective
Produced by : Johnnie To Kei Fung & Wai Ka Fai Eye In The Sky
Produced by : Johnnie To Kei Fung & Tsui Siu MingVerdict: Eye In The Sky by a mile.

Best Director
Peter Chan Ho Sun (The Warlords) Derek Yee Tung Sing (Protege) Ann Hui On Wah (The Postmodern Life Of My Aunt) Johnnie To Kei Fung & Wai Ka Fai (Mad Detective) …
Fed's Portfolio Similar To Ah-Long's

The Fed's portfolio now looks a lot like an Ah-Long's (unlicensed loan sharks). The spate of lendings by the Fed means it has to borrow from someplace to lend to the distressed parties. In exchange for the loans to these "privileged children of the corn", the Fed now has car loans, credit card loan, auto loans and housing loans on their books. This literally means that there could come a time when Bernanke may be knocking on doors and asking why you have not kept up with your credit card minimum payments.

The Fed's portfolio is not a bottomless thing. As you can see, in exchange for lending to the distressed parties, the Fed now have the distressing loans in their books, what a wonderful exchange rate. Its like exchanging one ringgit for one Euro, why not?!

The debt is issued under the Fed's name rather than the Treasury's, hence they have to ask Congress for immediate authority for the Fed to pay interest on co…
Yuan & RinggitThe Singapore dollar and the Malaysian ringgit gained, while China's yuan strengthened beyond 7 to the dollar. The decision probably stem from the belief that Asian central banks will seek stronger currencies to reduce the cost of importing rice and fuel. The Singapore dollar climbed to a record S$1.3553 per dollar, from $1.377 yesterday, bringing its gain this year to 6.1 percent. The Malaysian ringgit rose 0.8 percent to 3.1532 per dollar and Taiwan's currency gained 0.5 percent to NT$30.298. China's yuan rose as high as 6.9904 per dollar from 7.0017, the strongest since the end of a fixed-exchange rate in July 2005. The Hong Kong dollar, allowed to trade 5 cents either side of HK$7.8, was little changed at HK$7.7876. Soros who made $1 billion in 1992 by selling the British pound and knocking it out of the European exchange-rate mechanism, the precursor to the euro, said he expects the Hong Kong government to keep the city's currency peg to the …
There Has To Be A God

The above headline could be a cry for help. It could also be a yearning. It could also be a cry of exasperation. Or it could be sobering commentary following a philosophical debate that if God did not exists, we would have had to invent Him. And after viewing the clip below, you would say the same statement in the voice of assurance and conviction, because there couldn't be any other possible explanation.

A couple who could not conceive adopts a baby. The baby is blind. The mother always sings in her kitchen. One day when she was 3, she played the song her mum sang on the piano. No one taught her, its impossible to teach a blind child to play at 3. She hears a song and she can immediately play it on the piano. I mean her tiny fingers can barely stretch to play the notes.

In a world where we are surrounded by temporary cares and woes, it is good to take care of your soul. She reminds us all that there are greater things in life, that He is around.

Who Is Jim Rogers?
With a name like that, you'd think he was a country and western movie star. Well, in his own way, he is definitely a swashbuckler. Jim is not shy and is very vocal on many investing issues. Unlike the other Jim (Cramer), this Jim has substance and intelligence. Cramer has very little of either.
On the recent bailouts by the Fed and applying "band-aids" to the US economy, the Federal Reserve may well be causing its own downfall - even as it hastens the demise of the greenback as a viable global currency, according to Jim Rogers.
80s Greatest Hits Compilation From Election 2008 Kayu-stock!

I Feel The Earth Move Under My Feet - AAB (Carole King)

Don't Get Around Much Anymore - CSL (Duke Ellington / Ink Spots / Nat king Cole / McCartney / BB King)

With or Without You - NR (U2)

I Still Haven't Found What I'm Looking For - KJ (U2)

Don' Dream Its Over - KTKoon (Crowded House)

Waiting For A Girl Like You - Nurul-Hannah (Foreigner)

(I've Had) The Time of My Life - SVellu (Bill Medley & Jennifer Warnes)

If I Could Turn Back Time - AAB (Cher)

Don't You Want Me - RAziz (Human League)

Luka - SVellu (Suzanne Vega)

I Think We're Alone Now - AAB & KJ (Tiffany)

p/s feel free to add your ideas ...