Kyle Bass speaks at the Strategic Investment Conference 2013, which took place in early May of 2013. This appears to be a new video, although Kyle Bass has been speaking quite a bit lately. Sources tell me he is up a lot this year in his Japan macro fund, however, we could not confirm the numbers with certainty. The famous hedge fund giant presents his views on drumroll…. JAPAN (just kidding, that was obvious) and...
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A senior director from Fitch Ratings warned that the banking system in China is out of control and it could face a Japanese-style deflation due to massive problems such as lack of transparency and increase of systemic risk, according to a report from Ambrose Evans-Pritchard of The Telegraph. Charlene Chu’s Observation Charlene Chu, senior director of Fitch Ratings observed, “The credit-driven growth model is clearly falling apart. This could feed into a massive over-capacity...
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Has China collapsed? Well let us look at the evidence: Evidence For China The exchange rates of different currencies give some clues about China. The graph has been scaled that bottom is half of the top – only relative variations matter. In this turmoil the USD/EUR relation seems boringly tranquil. Both Australia and Brazil are major raw materials suppliers to China and other countries. Brazil apparently broke a little over a year ago, but...
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Corporate Japan, with the active support of the government, is undertaking an increasingly aggressive restructuring at home and the biggest wave of In-Out M&A ever. In many cases this is transformational for the companies involved. Corporate Japan Constrained By Deflation Companies have had to do it on their own for the last 15 years. Corporate Japan has been constrained by deflation, biting demographics and policy passivity. This has encouraged consolidation at home, such as the...
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Stan Druckenmiller is Chairman and Chief Executive Officer of Duquesne Family Office. He founded Duquesne Capital Management in 1981, which Stan Druckenmiller ran until he closed the firm in 2010. Previously, he was a Managing Director at Soros Fund Management, where he served as Lead Portfolio Manager of the Quantum Fund and Chief Investment Officer of Soros. He sat down with Hugo Scott-Gall of Goldman Sachs for an interview. Below is the full interview with...
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If you’ve ever been curious as to finding out what the world is searching, you should check out Google Trends. This awesome feature allows users to see what people are searching for in real time. Google Trends Features This unique feature shows the search items being typed up and displays them in a colorful fashion of bright moving rectangles. The search queries shared are as diverse as the world itself with common topics such as...
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With the Japanese index has now lost about one fifth of its value since May, investor concerns are growing that Abenomics has lost its momentum and Japan’s bull market has come to an end. Contrary to this view, today Goldman Sachs Group Inc (NYSE:GS) maintain medium-term positive stance and a NIKKEI 225 (Nikkei Indices:NI225) target of 17,000. This follows a bullish report from Nomura, which calls for an 18,000 price target on the Nikkei. Goldman Sachs’s...
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This does not come as a surprise, the doom of commodity trades and hedge funds was written quite a while ago and all or at least most of the blame for their underpeformance goes to China. The much publicized end of the commodity cycle and pressured conditions in the metals and mining sector has pulled commodity traders to their knees. To add further insult to injury, CTAs appeared to take a steep fall as...
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Japanese stocks have shot up 75% and then tanked 20%. So are they cheap? Ignoring PE TTM the answer appears to be yes. First, look at Market Cap to GDP, which is Warren Buffett’s favorite metric. One of the most interesting aspects about the chart is that every single market is at a far higher valuation today than in 1989 bar Japan. See more on this chart here. Below is some more data on this topic...
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Apple Inc. (NASDAQ:AAPL) has been owning the Japanese smartphone market, but as Apple Insider’s Kevin Bostic points out, that could be about to change dramatically. Shifting From Apple To Sony Data from the research firm IDC indicates that the iPhone accounted for almost 40 percent of Japan’s smartphone sales during the first three months of the year. At that time, Sony Corporation (NYSE:SNE) (TYO:6758)’s smartphones made up a little over 13 percent of smartphone...
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The Asian stock market rose on Friday fueled by positive news over the Federal Reserve Monetary Policy and better U.S. economic data. Buying increased across all the stocks of Japan and South East Asian Equities. Volatile Nikkei Japan’s Nikkei increased 1.9 percent on average after it declined 6.4 percent the other day. At the close on Thursday the Nikkei was 20.4 percent down on an average from its highest on May 23. Nikkei closed...
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