If you’ve slogged through recent posts and wondered about the odds of an Asian contagion as the charts suggest, take a look at some of these articles:
BOJ Silence on Exit Strategy Stokes Concern as Inflation Emerges
Why Singapore’s Economy is Heading for an Iceland-Style Meltdown
Singapore Circuit Breakers Sought after Stock Losses
JP Morgan Sees Asian Currencies Extending Rout on Economy
China Money Rate Jumps Most This Year as PBOC Skips Injections
Thailand Turmoil Hits Across the Board
From the other side of the pond:
Eurozone M3 Money Plunge Flashes Deflation Alert for 2014
HSBC Overstated Assets by $80B, Needs $115B Injection
Fatal Spiral of Debt Threatens Global Economy
Europe Nears Japan-Style Deflation Trap
Some of the recent banking industry highlights:
Fed Exempts Banks from Volcker Rule limits on CDO’s
Fed to Delay Imposing Bank Leverage Cap for Biggest Banks
Secrets and Lies of the Bailout
Basel Regulators Ease Leverage Ratio Rule for Banks
Bank Execs Shrug off Volcker Rule
Top 5 Banks Own 44% of Industry
Traders Colluded to Rig FX Benchmark Rates
Germany’s Top Regulator: Metals and FX Price Fixing Worse than Libor
Pope Francis Replaces Vatican Director/Board Amid Allegations of Corruption
Volcker on Volcker Rule” “I don’t like it.”
JP Morgan’s Madoff Settlement: No Ongoing Disclosure or Monitoring
And, the chart of the day…
Hello PW, thanks for sharing the articles regarding a possible Asian contagion. No offense. I remember exactly a year ago on Jan 2013, you had a bearish forecast as well (You changed that view in mid Feb 2013). Don’t get me wrong as I am not bullish as I am bearish as always. However, from my own experience, I had bearish bets on Jan 2011, Jan 2012 and Jan 2013. Any of these 3 years were costly to me in the first quarter with the bearish bets. I had to make up the loss during the rest of the year. So, would Jan 2014 different from the past 3 January? Is this January (or the rest of the year) be different? Thank you!