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There is a lot of money sloshing around between football (soccer) teams to trade players. Chinese football club worth more than AC Milan? Bad credit – no problem. Headlines FT - Rock-bottom rates squeeze German lenders 2/1. Interest rate sensitive German lenders continue to be squeezed by low-to-negative
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San Francisco becoming a childless city. Now China is making it difficult for banks to move currency overseas. This week's post is going to be short a day - I'll cover it in next weeks' post - as me and my family are in the process of
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China's maritime footprint. Judicial independence in China - don't count on it. Music streaming to the rescue. Headlines NYT – Samsung Heir Faces Arrest on Charges of Bribing South Korea's President 1/15. It appears that no one is 'safe' if the arguably the
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Saudi Arabia looking for savings where it can find them. Headlines FT - Venezuela's president raises minimum wage 50% 1/8. Despite minimum salary raises of 322% since February of 2016, Venezuelan workers now earn about $60 a month on the legal exchange rate or $12 a month at
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China insurance crackdown – meaningful implications. Fewer and fewer U.S. public companies. Headlines * FT – India takes stock after first phase of cash crunch 1/1. Despite the chaos of the demonetization, citizens and politicians are giving Indian prime minister Narendra Modi a long leash because they agree with the aims
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A review – how India and Indonesia have gone about chasing tax revenue. Global bond sales hit a record in 2016 led by corporations. US housing gains highlight the growing economic divide. First, Happy New Year! Headlines * NYT - China's 'Godfather of Real Estate' Pitches Reverse Mortgages to
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China no longer the largest US creditor – Japan is again. China capital outflows, have you looked at the bank loans? Brazil’s Odebrecht just got served the FCPA’s largest settlement. Happy Holidays! Headlines * FT - Ferocious competition roils private equity market 12/17. Deal volume is down, acquisition multiples are
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You can be certain that China is doing what it can to buy local. A US municipal pension crisis takes center stage in Dallas. Yeah, interest rates are going up – oh wait, what… Headlines * FT - Casino stocks jolted by Macau ATM limit reports 12/8. When word spread that ATM
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Inflation running away in Venezuela. The ‘whale’ in the market is you – or really your proxy by way of the government. Barbarian insurers in China are pissing off the securities regulators. China’s banks hiding more than $2tn in loans. A rise in US interest rates are likely to put
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Another Arab awakening looming. China clamp down on capital flight. Indonesia’s forests are burning. Headlines * FT – Opec: a sniff of higher prices 11/24. "After flirting with irrelevance, Opec wants to control supply again. Prices will collapse if it cannot follow through – and so will its credibility."
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Chinese mainland real estate companies pricing out local developers in Hong Kong. Happy Thanksgiving everyone and thanks for reading. Headlines * CoStar – Hines REIT Sells Tallest Building In Sacramento for $175.5 Million 11/17. Hines bought the 30-story tower in May 2007 for $224 million – it would appear that
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Folks this Pension issue is a BIG PROBLEM. Speaking of problems, pollution in Delhi is a doozy. Supply side subsidies loom large in corporate China. Headlines * Reuters - 'Trump Thump' whacks bond market for $1 trillion loss 11/14. Inflation expectations are up resulting in major bond losses. * FT