[chartist kao]

https://www.brookings.edu/blog/ben-berna...est-rates/

[chartist kao]

will only start to invest again when FED repeat 2009's QE

https://www.federalreserve.gov/newsevent...90113a.htm

[chartist kao]

when situation similar to 1970 strikes again ,it makes good investment opportunity

https://hyperleap.com/topic/Chung_Khiaw_Bank

https://en.wikipedia.org/wiki/Haw_Par_Co...ter_Walker

[chartist kao]

stress in the market occur only when

1973 to 1975-the slater walker collapse
1995's -the collapse of barring banks

2009-the collapse of northern rock and the bailout of the 4 banks

[sgbuffett]

stress in the market occur only when

1973 to 1975-the slater walker collapse
1995's -the collapse of barring banks

2009-the collapse of northern rock and the bailout of the 4 banks

Was there a slater walker collapse?
From what i understand sg govt go after slater walker for trying to take over one of the local.banks and they had to flee
Slater later build a successful career and wrote a few  oops

The major Spydar affair involving slater walker and Singapore govt ...

[chartist kao]

https://money.cnn.com/2008/09/23/news/co...berkshire/

[chartist kao]

https://finance.yahoo.com/quote/601398.SS/

https://finance.yahoo.com/quote/601988.SS?p=601988.SS&ncid=yahooproperties_peoplealso_km0o32z3jzm

https://finance.yahoo.com/quote/601939.SS?p=601939.SS&ncid=yahooproperties_peoplealso_km0o32z3jzm

https://finance.yahoo.com/quote/601288.SS?p=601288.SS&ncid=yahooproperties_peoplealso_km0o32z3jzm

china bank share after property crashed

[webinarian]

Biden won't allow Powell to do as he wish
 

Otherwise ， Biden s election chance gone. 

.

[chartist kao]

is good time for rmb over or is it just the starting?
http://www.icbcswiss.com/icbc/en/newsupd...ration.htm

[chartist kao]

UOB 's share had fallen again to $27.19 after US's two days of fall in Dow jones

July 29): United Overseas Bank Ltd struck an optimistic tone on Southeast Asia’s growth prospects even as aggressive rate hikes point to a gloomier global picture.

This comes as Southeast Asia’s third-largest lender’s net income rose 11% from a year earlier in the three months ended June 30, largely in line with analysts’ expectations. After rallying this month, its shares gave up early gains to drop as much as 3.3% on Friday, outpacing the dip in the benchmark stock index.

While UOB is getting a tailwind from higher interest rates, it is also confronting the risks of an economic slowdown triggered by moves to curb inflation. The Federal Reserve raised rates by another 75 basis points this week. In Singapore, its central bank again tightened policy in a surprise move, on the back of its economy flatlining in the second quarter.
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“We continue to see economic activity picking up as borders reopen and investment flows resume,” Chief Executive Officer Wee Ee Cheong said in a statement. He cited strong employment and buoyant consumer sentiment in Singapore, where institutional and private wealth inflows remain steady amid the country’s “safe haven” status.

Wee added that rising interest rates are expected to further boost its margins, with the lender expecting mid single-digit loan growth for this year.

“While the aggressive rate increases around the world are going to put a damper on global growth, we remain fairly optimistic of the resilience of our key markets in Southeast Asia,” said Wee, who said he doesn’t expect a recession in the bank’s key markets.

The bank is expected to write back provisions more slowly in the second half, as UOB may prefer to retain pandemic-related pre-emptive provisions amid increased uncertainties in the macro-environment, said Bloomberg Intelligence analysts Rena Kwok and Sheenu Gupta.
Regulatory approvals

The bank, which agreed to buy Citigroup Inc’s consumer businesses in Southeast Asia, said it expects to get regulatory approval for the deal in Thailand and Malaysia by year end. In Vietnam, it’s expected to receive approval by the first quarter of next year, and for Indonesia, by the fourth quarter of 2023.

Larger rivals DBS Group Holdings Ltd and Oversea-Chinese Banking Corp are due to report next week.

https://www.theedgemarkets.com/article/u...-headwinds

[chartist kao]

Japan steps up yen ‘psychological warfare’ with calls to traders
Rate check signals high level of alarm and often precedes direct currency interventions

https://www.youtube.com/watch?v=gXz6v9slp8Q


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https://www.ft.com/content/e7bed10d-3447...b3fdea57df

A fresh collapse in the Japanese yen halted on Wednesday after authorities cranked up their warnings over a drop in the currency and called traders to quiz them on market conditions.

The yen has plunged through a series of multi-decade lows against the surging dollar in recent months, but a surprisingly strong set of US inflation data on Tuesday prompted a fresh 2 per cent drop in the Japanese currency overnight, pushing the exchange rate as high as ¥144.95.

In response, officials at the Bank of Japan phoned currency traders to inquire about market conditions — a so-called “rate check” that represents a high level of alarm, pulling the rate back down to ¥143. In the past, such checks have come ahead of instructions from the Ministry of Finance to intervene directly in the market to control the exchange rate.

Shunichi Suzuki, Japan’s top currency official and former finance minister, said he was “very concerned” at apparently speculative moves in the yen, Japanese media reported, adding that authorities would not rule out any options in their response, including direct intervention.

Traders still warned that without direct action from the finance ministry, a more aggressive test of the yen’s recent lows was still likely.

“The psychological warfare [between Japanese authorities and market participants] is expected to continue for a while,” said Masamichi Adachi, chief economist at UBS. “There is a view that Japan is buying time” until the US central bank backs away from its interest rate rises, he added.


https://www.investing.com/currencies/usd-jpy

[chartist kao]

Fed’s faster ‘quantitative tightening’ adds to strain on bond market
Accelerated balance sheet reduction threatens to intensify already fragile trading conditions

rising usd against all currencies globally

https://www.youtube.com/watch?v=E4CZuj7solw

[chartist kao]

the greatest fool theory on crypto's rise and fall in 2022
https://www.youtube.com/watch?v=o1BqHjNafRk

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https://www.ft.com/content/70e43592-30d0...3910ad7726

The Federal Reserve’s more rapid exit from crisis-era policies is set to place the $24tn US government bond market under extra strain, heightening concerns about the bedrock of the global financial system.

The ease with which traders can get deals done in the Treasury market has declined to the lowest levels since the early days of the pandemic in March 2020, according to a Bloomberg index. Gaps between prices where traders buy and sell have yawned wider and huge moves in price, on a scale unthinkable even a year ago, have become commonplace.

The Fed is this month accelerating the pace of winding down the nearly $9tn balance sheet it built up for more than a decade in an effort to cushion the economy from shocks. It aims to shrink the total by $95bn a month — double the August pace.

As a result, “we could have a problem of liquidity stress in the banking system,” said New York University economist Viral Acharya. “And whenever banks are stressed, it usually spreads over to non-banks and Treasury markets and other [funding] markets.”

Bank of America has described Treasury market strains as “arguably . . . one of the greatest threats to global financial stability today, potentially worse than the housing bubble of 2004-2007.”

[chartist kao]

https://www.investing.com/indices/hang-sen-40

https://www.bloomberg.com/news/articles/...gh-at-home

[chartist kao]

Bank Rakyat Indonesia (Persero) Tbk PT
IDX: BBRI
OverviewCompareFinancials
Market Summary
> Bank Rakyat Indonesia (Persero) Tbk PT
4,610.00 IDR

1 Singapore Dollar equals
10,614.96 Indonesian Rupiah

https://www.dbs.com.sg/treasures/aics/te...BRI_IJ.xml

how rich indonesian hedge against falling rupiah when usd keep risisng?

[chartist kao]

uob,ocbc,genting soon will be sg's china play when china decide to lift the zero covid policy and open for trade globally

[Niubee]

uob,ocbc,genting soon will be sg's china play when china decide to lift the zero covid policy and open for trade globally

Likely Nov after Xi re-elected.

[chartist kao]

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https://www.ft.com/content/e8a550a4-7011...2c48d07513

in New York 2 HOURS AGO
1
Print this page
The Bank of Japan’s intervention to prop up the yen this week comes as hedge funds and asset managers have built up large short positions against the currency. With billions of dollars on the line, many say they are staying put for now.

The yen has fallen victim to the remarkably strong dollar this year, reaching its weakest level against the US currency in 24 years on Thursday just before the BoJ’s move. It has been losing value since the start of the year, a move that accelerated after the Federal Reserve signalled its intention to implement rate rises at one of the fastest clips in years.

That weakness has attracted bets from investors wagering the yen still has further to go. And despite the BoJ’s attempt to strengthen the currency, investors and analysts said they do not expect a massive unwinding of the short positions any time soon.

While the intervention might bolster the yen in the very short term, they argued the only way it will appreciate meaningfully for a sustained period of time is if Japan’s central bank raises rates or if the Fed starts loosening monetary policy. Neither outcome is widely expected.

The $1.2tn of foreign currency reserves that the BoJ holds is likely to provide a buffer. But investors stressed those reserves are limited and provide only a temporary solution.

“The BoJ may succeed in dislodging some quantity of short interest in the short term, but longer term it is not a sustainable policy,” said David Rossmiller, head of portfolio management at Bessemer Trust. “It is not going to squeeze the shorts out.”

Speculators have a net short position worth roughly $7bn against the yen, according to data from the Commodity Futures Trading Commission — the largest since early June.

“It doesn’t change anything because the core reason why the yen has been weak is the Bank of Japan’s monetary stance, and that hasn’t changed, despite interest rates going up materially in the rest of the world,” said a hedge fund trader who has shorted the currency.

[chartist kao]

a new normal after FED's determined to engineer a global economic slowdown to fight inflation

Name

SGD/AUD 1.0635 +0.0032 +0.31%
SGD/AUD
SGD/THB 26.283 -0.0246 -0.09%
SGD/THB
SGD/IDR 10,588.92 +4.54 +0.04%
SGD/IDR
USD/SGD 1.4196 +0.0011 +0.08%
USD/SGD
SGD/MYR 3.2197 +0.0017 +0.05%
SGD/MYR
SGD/CNY 4.9978 +0.0089 +0.18%
SGD/CNY
EUR/SGD 1.3956 +0.0010 +0.07%
EUR/SGD
HKD/SGD 0.1808 0.0000 -0.02%
HKD/SGD

[Manthink]

will only start to invest again when FED repeat 2009's QE

https://www.federalreserve.gov/newsevent...90113a.htm

Wait long long...the post Wall St. crisis policies didn't fix the root problems..it only borrow from the future by the convenience of spinning up the USD printers.

[Manthink]

https://www.ft.com/content/e8a550a4-7011...2c48d07513

in New York 2 HOURS AGO
The Bank of Japan’s intervention to prop up the yen this week comes as hedge funds and asset managers have built up large short positions against the currency. With billions of dollars on the line, many say they are staying put for now.
The yen has fallen victim to the remarkably strong dollar this year, reaching its weakest level against the US currency in 24 years ...

Nothing new given Washington can easily squeeze Japanese balls when and how hard they like.
USD was also super high in the 1980s making it uncompetitive vs the "cheaper" Yen. So in came the Plaza Accord...that halved the USD value vs Yen.
That made the avg Japanese feeling very "rich" - go tour the world and buying up properties...

Then this inflated bubble ultimately popped that lead to over 10 years of Japan stagnation - aka the "Lost Decade". Today, the same rule apply - only in reverse - Jap can only sulk and keep quiet.  With a "friend" like that, who needs enemy ?