Category Archives: Rant

How’s that Hindenburg Omen working out for you, ZH?

On August 12th, 2010, the world held its breath and turned a funny shade of green. Self-styled “financial journalism website” (one out of three ain’t bad) Zero Hedge broke the terrifying news: Easily the most feared technical pattern in all … Continue reading

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The AP fails tenth-grade maths

Thus spake the Associated Press, in an article about the hottest new travel souvenir, hundred-trillion-ZWD notes (previously on JRE): Scientists and physicists estimate the number of atoms in the universe at 10 to the power of 80 – 10 followed … Continue reading

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The UOB Files: Inappropriate Structured Deposit is even more inappropriate

I ranted a few weeks ago about an egregious structured deposit from UOB – a trade that locked aunty-and-uncle customers in for six years, mysteriously linked their returns to a 2y5y SGD swap curve steepener, and had worse returns than … Continue reading

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I came here to drive fast and chew gum, and… oh.

BMW had a full-page ad in yesterday’s Pravda, advertising their new 318i. The vacuum-cleaner-powered version of the 3-series is now on sale in Singapore for only – only! – $157,000. That money in America would buy you a brand-new Audi … Continue reading

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Inappropriate Structured Deposit is Inappropriate

“The joy of giving continues at UOB”, shouted the flier that Singapore’s second-largest bank stuffed through my letterbox earlier this week. It was a Christmas-themed advertisement for their latest structured deposit, the UOB Principal Guaranteed Structured Deposit: Growth Deposit – … Continue reading

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…up with which I shall not put!

I’ve already ranted about everything being a “flash crash” these days, but now even the Gray Lady’s borrowing the trope: BlackBerrys were buzzing inside Progress Energy in Raleigh, N.C.: in a blink, the 102-year-old utility had been virtually wiped out … Continue reading

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When 20,000 real estate agents disappear

Singapore has, according to estimates, about thirty thousand real estate agents in a city of five million people. Or had, until last Friday night. I was on my thirty-somethingth Hendricks and tonic when the clock rolled over from Friday to … Continue reading

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Nobody has fat fingers any more

A question for the journo types: why is every downward blip in the markets suddenly a “rogue algo” or a “mini flash crash”? Does nobody make fat-finger errors any more? Zero Editing is the loudest and most obnoxious abuser of … Continue reading

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Aussie election death-watch

What if they held a debate and nobody came? That was the tone on Sunday night at the Not-So-Great Debate between the ranga and the mad monk, which ended up as a whole hour of boring platitudes and talking points … Continue reading

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“Obvious troll is obvious” is a bad ratings agency slogan

Chinese ratings agency Dagong Global Credit Ratings Co. has just released its first set of sovereign ratings, and FT Alphaville has a great “spot the difference” game you can play. The most notable moves, compared to the Moody’s/S&P/Fitch triumvirate: Dagong … Continue reading

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