A New Normal for Energy?
The energy landscape is changing fast with so-called “unconventional” forms fast becoming the new norm, says accounting firm Ernst & Young.
Freight rates go negative
Negative bond yields, negative repo rates, and now… negative freight rates. At least route-specific ones.Bloomberg has the story here (our emphasis):Glencore International...
Squeaky Bumi time
We can’t let this Bumi RNS go unnoticed:REQUISITION OF GENERAL MEETINGThe Company announces that the Directors have received a notice from Borneo Bumi Energi & Metal Pte....
CME’s farmer fund
This looks like a sign of the post-MF Global shift in the futures market…CME Group has unveiled its own $100m insurance fund for family farmers and ranchers, co-operatives...
Further reading
Elsewhere on Wednesday,- Europe’s massive shipping exposure.- Adam Curtis on the rise of the modern cruise ship industry.- Projections from the Congressional Budget Office....
Chinese New Year and the BDI
Should you be worried about the Baltic Dry Index’s recent sharp selloff? Or should you be more worried about developments in China? We bring this up because there is apparently...
Satyajit Das: Top Secret – The Chinese Envoy’s Briefing Paper On The Australian Economic Outlook (Part II)
By Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives – Revised Edition (2006 and 2010)
Your Excellency, I am pleased to present the requested report on the economic outlook for the...Risk on/risk off is changing
Standard Chartered’s Priyanka Kishor has spotted an interesting new development in correlations.As has been well documented, since the 2008 crisis, ‘risk off‘...
Satyajit Das: Top Secret – The Chinese Envoy’s Briefing Paper On Australia’s Economy (Part I)
By Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives – Revised Edition (2006 and 2010)
Your Excellency, I am pleased to present the requested report on the economic outlook for the...Further reading
Elsewhere on Friday,- The high yield ETF is really, really popular.- The bubble in central banking.- Why people become investment bankers.- Is the natural gas rebound sustainable?...
The price of land on the interweb
Are internet domains an asset class? If so, what is the risk-return profile like?In an effort to answer these questions, MIT researcher Thies Lindenthal has taken the very important...
Further reading
Elsewhere on Tuesday,- Repo turns to equities.- Why austerity just won’t work.- Why governments are not debt constrained.- And why demonising debt is wrong.-...
