SWIFT

Tyler Durden's picture

How Ultra-Rich Chinese Men Find Their Wives





Much of the world is familiar with the unique struggles Chinese face when it comes to marriage. Increasingly strict financial security requirements coupled with the growing pains of a nation in the midst of swift change leave many unable to find proper marriage partners. Add in the traditional, family-enforced marriage age limits, and the increasing number of shengnan (leftover men) and shengnü (leftover women) make contextual sense. One particularly perplexing sector of society that has a hard time finding suitable marriage partners is young, extremely wealthy men.

 
Marc To Market's picture

Exaggerating the Rise of the Yuan





The rise of the yuan has been exaggerated.  Strip out data involving Hong Kong and the claims of trade flows that are concealed capital flows and one might get a more accurate picture. 

 
Sprout Money's picture

Investing in 2014





2013 was a stellar year for stocks, but how will the markets evolve in 2014? Here is our sneak preview... 

 

 
Tyler Durden's picture

Yet Another Massive Nail In The Dollar's Coffin





Two years ago, the CME announced USD/CNH futures trading enabling speculation (and hedging or risk transfer) of offshore Chinese Renminbi and the writing on the wall of the dollar's demise grew clearer. On the other side of the world this week, a couple of gentlemen that few people have ever heard of signed an agreement that has massive consequences for the global financial system. It was a Memorandum of Understanding signed by representatives of the Singapore Exchange and Hong Kong Exchange. Their aim – to combine their forces in rolling out more financial products denominated in Chinese renminbi. This is huge...

 
Tyler Durden's picture

Bipartisan Budget Deal Reached; No Extension Of Unemployment Benefits Means Unemployment Rate Set To... Plunge





Moments ago, news hit that democrat negotiators Patty Murray, and republican Paul Ryan reached a bipartisan deal to ease the automatic budget cuts by $60b. The deal calls for auctioning of govt airwaves, increased premiums for pensions backed by PBGC, a congressional aide told Bloomberg’s Heidi Przybyla. A press conference will be held at 6pm to unveil the bipartisan budget agreement, according to e-mailed statement. As a result, a January 15 government shutdown will be avoided. The agreement would require federal workers to contribute more to their pensions, increase premiums on companies whose pension plans are insured by the federal government and increase security fees paid by airline travelers.
And as a result of the implicit $5 billion a month fiscal boost, a near-term modest taper is now even more likely.

 
Marc To Market's picture

China: Forces of Movement and Forces of Order





In every organization, including the Chinese Communist Party, there are forces of movement and forces of order.  The forces of movement have moved into ascendancy in China and this was signaled by establishment of the special economic zone in Shanghai and the program emerging from recent Third Plenary Session.  However, the uncertainty over implementation kept domestic and foreign investors cautious.

 

 
Tyler Durden's picture

A Dogmatic Slumber





There’s no question here about identifying the oppressors and the oppressed. There’s no conflict between the internal exercise of your freedom to think for yourself and your external behavior. There’s no omnipresent social media, no cacophony of commercial voices, no GPS chips, no algorithms that can predict your likes and dislikes better than you can yourself. It’s just faceless soldiers with AK-47’s trying to impose their will on Patrick Swayze’s external behavior. It’s a movie that would have made as much sense (more?) in 1784 as it did when released in 1984. Our world isn’t “Red Dawn,” it’s “Invasion of the Body Snatchers.” Control over our behaviors isn’t as much physical as it is mental, not so much externally imposed as it is internally embraced. If you’re reading this note, the problem is not that you are in a dogmatic slumber and need to be woken up. The problem is that you know it’s in your best economic interest to act as if you’re still asleep. In a world overrun by pod people, the big losers are the people who can’t fake their pod-ness and ultimately get outed by Donald Sutherland.

 
Tyler Durden's picture

Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance





Slowly but surely the Chinese currency is catching up to the world's reserve and moments ago, according to SWIFT, the Yuan just surpassed the Euro in trade (remember trade: that's how countries once upon a time would generate capital flows in a time when central banks weren't there to literally print domestic funding needs) finance usage leaving just the USD in front.

YUAN OVERTAKES EURO IN TRADE FINANCE USAGE: SWIFT
YUAN IS SECOND MOST-USED CURRENCY IN TRADE FINANCE: SWIFT

 
Tyler Durden's picture

Frontrunning: November 18





  • What can possibly go wrong: Tepco Successfully Removes First Nuclear Fuel Rods at Fukushima (BBG)
  • Japan's Banks Find It Hard to Lend Easy Money (WSJ)
  • U.S. Military Eyes Cut to Pay, Benefits (WSJ)
  • Airbus to Boeing Cash In on Desert Outpost Made Field of Dreams (BBG); Dubai Air Show: Boeing leads order books race (BBG)
  • Sony sells 1 million PlayStation 4 units in first 24 hours (Reuters)
  • Russian Tycoon Prokhorov to Buy Kerimov's Uralkali Stake (WSJ)
  • Google Opening Showrooms to Show Off Gadgets for Holidays (BBG)
  • Need. Moar. Prop. Trading: Federal Reserve considering a delay to Volcker rule (FT)
  • Raghuram Rajan plans ‘dramatic remaking’ of India’s banking system (FT)
  • SAC Capital's Steinberg faces insider trading trial (Reuters)
 
Pivotfarm's picture

Whining for Wine





In a few years’ time we might all be whining because there is no more water left in the world apparently. That’s because according to the World Economic Forum “we are now on the verge of water bankruptcy in many places around the world, with no clear way of repaying the debt”.

 
George Washington's picture

Fukushima Is Here





Radiation Levels Will Concentrate in Pockets at Certain  West Coast Locations

 
Tyler Durden's picture

An Audacious Plan To Fix The QE Non-Taper And Fiscal Non-Action in One Swift Move





If you’re anything like us, you may have reached the conclusions that:

  1. Our elected officials are charting a course to a fiscal disaster.
  2. The Fed is repeating past mistakes by setting us up for another bust.

After the drama of the debt ceiling debate and the Fed’s non-tapering surprise, we see no reason to doubt these views. But the latest developments got us thinking, and we have an unusual proposal.

 
Tyler Durden's picture

Frontrunning: October 24





  • Central Banks Drop Tightening Talk as Easy Money Goes On (BBG)
  • More Democrats voice Obamacare concerns as website blame goes around (Reuters)
  • Contractors Point Fingers Over Health-Law Website (WSJ)
  • Jury Decides Against BofA on 'Hustle' Program (WSJ)
  • Credit Suisse to overhaul interest rates trading business (FT)
  • Home Builders Target Higher End (WSJ)
  • The Many Lives of Iron Mountain (NYer)
  • Busy tourist season nudges Spanish unemployment lower (Reuters)
  • Morgan Stanley Joins BofA in Broker Recruiting Truce (BBG)
  • Ending World’s Longest Nonstop Flight Adds Five Hours (BBG)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!