Wall Streets’ Capital Markets are down by 15%

Wall Streets’ Capital Markets are down by 15%

Goldman Sachs said in a note on 22nd Feb 2016, that the first quarter capital markets revenues are down by 15%. This is the weakest in recent history. It looks like that 0.5% increase in US interest rates is having an effect. The banks know its coming, and the number...
Chinese Stock market halted

Chinese Stock market halted

This is the second time the chinese stock market has halted trading. Chinese stocks plunged Monday, spurring a trading halt for the rest of the session, and other APAC stock markets after feeble manufacturing surveys revived concerns over the mainland’s economic...
The Dick Smith Heist

The Dick Smith Heist

So Dick Smith (DSH) has just gone into liquidation after listing in 2013. What happened? Private equity group Anchorage Capital bought Dick Smith from Woolworths in 2012 for an initial payment of just $20m. Anchorage then “dressed the company up to look good for...
Hedge Funds within Hedge Funds

Hedge Funds within Hedge Funds

  A growing number of prominent hedge funders are also quietly cordoning off private enclaves within Hedge funds for themselves. These include big-name firms like Eric Mindich, Dan Och and others who have created what are known as single family offices. Not everyone...
The Debt-Deflation Trap Facing China

The Debt-Deflation Trap Facing China

At a time of slowing economic growth and massive corporate debts, a deflationary spiral would be China’s worst nightmare. In addition, the risk is mounting. The producer price index (PPI) has been in negative territory for 39 consecutive months, since February 2012....