Uncategorized
Declining global trade. Chinese bank loan loss provisions. Pending auto loan crisis? Headlines * FT – Hong Kong car park space fetches $620,000 10/28. The stall at 55 Conduit Road (exclusive Mid-Levels district) sold for a record HK$4.8m. For comparison the previous record (also same road) was
Uncategorized
Renewable energy sources overtake coal as the world's largest source of power capacity. The effects of ageing on the markets. Headlines * NYT – A New Era of Internet Attacks Powered by Everyday Devices 10/22. Want to know how the internet attack happened last week... be mindful of the
Uncategorized
The Chinese housing market is looking rather shaky. Investors are going to have to brush up on their social sciences. China is smarting from an aggressive push into developing world loans. Headlines * FT - Insurance sector worried as insurtech start-ups cosy up to customers 10/13. "According to a
Uncategorized
There are the pension obligations kept on the books based on industry guidelines and then there are the books that track what they really think. America’s tech boom has been great for the consumer, but not so much for the employees that have been displaced. Headlines * FT - Theranos faces
Uncategorized
Xi Jinping, the master politician. In the US oil and gas industry it’s about time for some more culling of the herd. Uber providing transportation solutions for US municipalities. Headlines * FT - China's renminbi joins elite global reserve currency club 9/29. On October 1, the renminbi joined
Uncategorized
Venezuela on the brink. This post is number 52. A full year down and I hope that you’ve found value in the Janus Observer. Thank you for everyone that has been following this blog. More to come. Sincerely, J. Duff Janus Headlines * FT - Niger Delta militants attack oil pipeline
Uncategorized
Chinese corporate debt…geez…Someone’s going to have to take a haircut. US pension crisis. Headlines * WSJ - China's Property Bubble Keeps Getting Bigger 9/19. "With so many parties including banks and local governments all depending on real estate, it may not make sense for them
Uncategorized
It appears there is no “too big to fail” in South Korea. US inflation coming only from a few unproductive sectors. China’s credit hose targeted at housing. Headlines * NYT - Oceans Are Absorbing Almost All of the Globe's Excess Heat 9/12. "Since 1955, more than 90%
Uncategorized
Whoa, that’s a lot of corporate debt… So, who is going to pay for China’s corporate debt balance? High Yield Bond Market decoupling from reality. Headlines * WSJ - Hanjin's Demise: Why Global Shipping Glut Isn't Going Away 9/2. "Despite efforts to consolidate and
Uncategorized
A novel way of paying off debt – issue more of it, the savings are already accruing. It’s official, Nigeria is in a recession. Headlines * WSJ - Food Price Deflation Cheers Consumers, Hurts Farmers, Grocers and Restaurants 8/29. "The U.S. is on track this year to post the
Uncategorized
It’s getting hot out there. When picking your emerging market investments, be mindful of its exposure. Headlines * WSJ - Russian Builds Up Army Near Ukraine Border 8/19. "Russia's plans around the Ukrainian border show a real intent to use force if needed." - Anton Lavrov * FT
Uncategorized
Coming to a bank near you - fees on big deposits Headlines * Investor Demand for Bond Funds Relative to Stocks Is Highest on Record 8/11. Basically investors believe there will be more monetary easing to come, meaning lower rates, hence appreciation in bonds. * NYT - Hard Times in Venezuela Breed Malaria