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Feb. 21 - Paul Schulte, CEO & chairman at Schulte Research, says India's policymakers are allowing the rupee to depreciate which has, in turn, led to inflation. In an interview with ET NOW, Schulte says India's twin deficits combined are worse than that of any other emerging market economy. slot online bento4d bento4d slot resmi bento4d bento4d bento4d slot gacor hari ini situs slot bento4d toto togel situs slot toto slot toto togel toto slot [...]
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Property is the collateral of a bank and must be funded by deposits liabilities and capital. We wrote on December 9 that 2013 marked the year when the deposit liabilities of GEMS countries were all spoken for and, therefore, property collateral was in jeopardy. In layman's terms, the GEMS credit cycle is over and the Western credit cycle is bottoming out. Marginal money is rightly moving away from GEMS property and into western property. Goodbye Shanghai and [...]
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We continue to pound the pavement looking for companies that are moving into the emerging world with mobile phone banking. That is clearly the future. Branch banking is dead. The real winner so far is Monitise. Few others are on the horizon. I am at Finovate Europe 2014 in London now and the companies which are showing off their banking applications this year border on the tedious and, I dare say, "goofy". There is general disappointment among [...]
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China is intensifying its crackdown on lavish spending. South East Asian LDRs are rising above 100 all over. Investment banks are shrinking, and GEMS commercial banks may FINALLY figure out that mobile phone banking is 98% cheaper than branches. Think about it -- US banks closed 1,500 branches across the US and branches have been declining since 2010. GEMS banks will figure this out soon.Dubai is taking market share. Japan is really cheap now. Even Italian [...]
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I have known Peter Stella for 6 years now. In 2011, he was bravely saying that QE would become MORE aggressive and would last way into 2014. A great call. As the former liaison to central banks from the IMF, he has had a great seat in the brave new world of QE. What's he saying now? He is our guest writer this week. GLOBAL. Growth in the US, EU and Japan is significantly below [...]
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UBS GETS IT. The bank outsourced most of its patchwork of multiple platforms (mostly fixed income) and appointed disruptors Murex and Ion. This is supposed to save UBS hundreds of millions and shed thousands of jobs. This is further evidence to show how smaller firms are able to go head to head with banks and erode the foundations. THAT UBS IS SURRENDERING TO THIS IS A GOOD THING. Other banks don't get it. slot gacor [...]
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What a world! Abenomics is working. Prices are rising. Now, we have world where Japanese CPI is now ABOVE the US or Europe. Who would have bet on that one year ago? This is profoundly important, especially when you read the comments from PM Abe (see below). 1) The government is aggressively working to increase wages. I bet this will start happening in the US and Europe in the next two years. The pure capitalists [...]
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It is Christmas time, so we thought we would just have a presentation with red and green dots showing the best and worst locations in the world for real estate. This also, of course, shows up safe and unsafe collateral. From bright red (extreme valuations) to dark green (ultra-cheap), we spent a couple of months cataloguing the world’s major cities and laid it out for more than 160 cities. The results are below. The best [...]
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China is universally hated, despised, trashed. No one owns it. There is a large structural short in China. There are China bear funds all over the place. Where are the Brazil or Russia or India bear funds? There aren’t any, even after atrocious multiyear performance, endemic corruption, appalling mismanagement, and mounting bad debt problems in India, Brazil and Russia. Wait until the Russians get the $50bn bill for the Sochi Olympics. It is naive to [...]
