The Absolute Return Letter
September 2008
“If a loose monetary policy and rapid asset price inflation were the route to economic prosperity, Argentina would be the richest country in the world by now.”
Albert Edwards
Co-Head, Global Cross Asset Strategy
Societe Generale
August is my month off. Every year I go to Mallorca where my favourite pastime is the occasional glance [...]
Thoughts from the Frontline Weekly Newsletter - www.frontlinethoughts.com/learnmore
Housing: Are We Near the Bottom?
by John Mauldin
September 12, 2008
In this issue:
The Headwinds to Growing Your Wealth
The Wealth of Nations
Housing: Are We at the Bottom?
Alt-A is the New Subprime
3.5 Million Unemployed and Counting
La Jolla, South Africa and London
This week we look at the housing market in some detail. When [...]
Old Chang Kee IPO listed today. Below From Uobkayhian:
Issue statistics: Offer size: 25.0m new sharesPublic Tranche - 1.0m sharesPlacement Tranche - 24.0m sharesPrice: S$0.20Revenue S$’000 yoy % chgFY05 29,045 +39.0FY06 33,784 +16.3
Net profit S$’000 yoy % chg
FY05 3,207 +54.0
FY06 3,039 -5.2
The net proceeds from the issue of the New Shares (after deducting the estimated expenses [...]
A survey was conducted by Mckinsey which found an enormous amount of dissatisfaction among executives when it came to strategic planning. Many of them feel that they are wasting a lot of time. Below is advice from Richard Rumelt (UCLA Professor whose research centers on corporate diversification strategy and the sources of sustainable advantage to [...]