Category Archives: Money

…first as tragedy, then as farce

The country that gave us bubbles in real estate, equities, jade, paintings, shares in paintings, table salt, fermented tea, fake French wine, 19th-century stamps, silver, dead-caterpillar fungus and walnuts has just seen the collapse of a bubble in chrysanthemum tea.  The excellent Sinocism blog has the story, mostly untranslated; non-Chinese-readers can hit this … Continue reading

Posted in Money | Leave a comment

Bubbles in everything, or, chronically negative real interest rates will mess you up

The country that gave us bubbles in real estate, equities, jade, paintings, shares in paintings, table salt, fermented tea, fake French wine, 19th-century stamps, silver, and dead-caterpillar fungus is now inflating a bubble in… walnuts? Reuters Insider has the 24fps … Continue reading

Posted in Money | Leave a comment

Mark Zuckerberg likes Barclays London Money Market Desk

A bit of digging by the SF Chronicle has turned up the details of Mark Zuckerberg’s recent mortgage refinancing.  The headline rate is 1.05%, but don’t get carried away. Here’s the details:  The Facebook founder refinanced a $5.95 million mortgage … Continue reading

Posted in Money | Leave a comment

It’s not just IRS: the embedded lawsuit option in FX options

Walter Kurtz at Sober Look had a great piece a few weeks ago, where he wryly suggested a way to make money if you don’t like that IRS the bank’s sold you: default on the payments and sue the bank. … Continue reading

Posted in Money | Leave a comment

Singapore’s FDI is not the sort of FDI you want

I stumbled across this CNN/Money column from a post on Reddit, and it struck me as… problematic.  Peter Pham of AlphaVN (a Vietnamese-focused investment blog – is Vietnam still an investment destination after the Vinashin default and years of >20% inflation? … Continue reading

Posted in Money | Leave a comment

Models and Bottles and Unwise Tax Exile Decisions

The second story behind Facebook’s slightly shambolic IPO (as I type: $34.43 -3.80 -9.94%) has been the not-quite-a-revelation of Eduardo Saverin’s tax-dodging move to Singapore. For those who’ve been hiding under a rock (or on MySpace) for the last week: … Continue reading

Posted in Money | 2 Comments

Sadly, saying “shove it up your arse” in a regulatory filing is frowned upon

Slightly old news (it’s from January) but this is, to put it politely, quite astonishing: when the SGX ordered listed company China Sky Chemical Fibre to appoint a special auditor to investigate its (probably fraudulent) accounts and (probably dodgy) related-party real … Continue reading

Posted in Money | Leave a comment

Steve walks warily down the street / With his brim pulled way down low

Another one bites the dust. This is a couple of months old, but still newsworthy:  Just a year-and-a-half after the Commercial Affairs Department (CAD) started probing Profitable Plots for allegedly not paying investors, BT understands that it is on the … Continue reading

Posted in Money | Leave a comment

I Got The Adverse-Selectin’ Internalisin’ Spread-Compressin’ Blues

Since it was published on Tuesday, Vincent Cignarella’s article for WSJ MarketBeat – The Foreign Exchange Traders’ Lament, and kudos to the WSJ’s subs for the correctly placed apostrophe – has done the rounds of every spot FX desk on … Continue reading

Posted in Money | Leave a comment

This also explains California… but not the UK

Paying taxes makes you feel good, says SCIENCE!, which I guess explains why everyone living in Singapore is so miserable? I always thought it was the one-dimensional weather. And the smog. And the Toyota Camrys that cost as much as a … Continue reading

Posted in Money | Leave a comment