Category Archives: Finances

The Wall Street meets the main street

$1:¥7.48

Is this for real? Really??? Trader’s mistake? Confused with Singapore $? One US dollar is worth more than 7 yuan – RMB. Oh my.  Howeverm Yahoo has at ¥6.878 and Bloomberg at 6.8815.     正在睡梦中,忽然觉得有点儿什么事儿,一屁股坐起来发现人民币一夜之间暴跌,心中如有晴天霹雳,有件事儿让我久久不能平静,我一直在想,人民币一夜狂贬值,我的资产会不会缩水呢,想到这里我一个咕噜从床上翻起来,抓起放在桌上的一美金纸币,迅速的跑去银行排队,一夜暴富的机会终于来到了,我终于可以吃上一粒梦寐以求的茶叶蛋了…… 是不是交易员大乌龙 和新加坡元搞混了?

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The child labor

This 2014 Time article is about 73% parents are supporting their adult children. With the help of a chart, it shows adult children live at home much longer nowadays … and goes on to write: … Little more than a century … Continue reading

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‘Gangster grannies’ and China’s shadow banking world “中国大妈”和影子银行世界

BBC, 18 August 2016 Karishma Vaswani, Asia business correspondent Think of the words shadow banking, and you’ll probably conjure up an image of a slick-suited, smooth-talking mafia-esque character who will most likely be found in seedy bars or night clubs. … Continue reading

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Out for Blood

Fortune’s cover story by Roger Parloff on Elizabeth Holmes and her company, Theranos (its worth more than $9 billion at the moment), did not used the word, pretty and or beautiful, which is so refreshing. Holmes is clearly more than … Continue reading

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Everbright

Everbright made a mistake on August 16. It’s being investigated and concluded in less than a month: four high level executives were fired/resigned. They’re fined and banned for life from the security business. Wondering if Eliot Spritzer lives in the … Continue reading

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Where is my Andrew Jackson?

My trial run: The money trafficking from the capital of China to the capital of USA is really easy and fast: $3,051 was sent 2013-08-22-22.01.47.000000 (Beijing time. Six zeros!! Seriously, I copied it from the confirmation sheet .. Michael Phelp’s race … Continue reading

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CNN: a bullish outlook

The U.S. economy is on stronger footing than a year ago, but Ben Bernanke wants to be careful not to squelch the recovery now. “A premature tightening of monetary policy could lead interest rates to rise temporarily, but would also … Continue reading

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Heng Nikita Guo

It came as a shock – suicide never is easy but when it happened on a girl who always had a sweet smile, it just that so much harder to handle, to process, to believe. Heng “Nikita” Guo, an MBA … Continue reading

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The $1.6 Billion Woman, Staying on Message

To some, Ms. Sandberg seems to suggest that women should just work harder while failing to acknowledge that most people haven’t had all the advantages that she’s had. “I’m a huge fan of her accomplishments and think she’s a huge … Continue reading

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市场与调控 – 李鹏经济日记

Li Peng‘s diary of economy (?) 1983—1986年 调查研究熟悉工作, 重点工程取得成果 1987—1990年 治理整顿深化改革, 稳定政策经济好转 1995—1998年 对外全面开放格局形成, 抵御金融危机战胜洪水 1999—2003年 人大依法监督经济工作, 确定建设小康社会目标 1991—1994年 基本完成治理整顿, 控制基建抑制通胀 策划:《李鹏经济日记》真实记录经济发展 《李鹏经济日记》珍贵照片集萃

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Investing in China

There are many options now, aside from stocks. Mutual funds, hedge funds, PE, ETF (exchange-traded fund), ADR (American Depositary Receipt), etc. For stocks, there are A share, B share, H share .. A 股 shares are based on Renmembi, can … Continue reading

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China’s First Approved Hedge Fund Manager Sees Opportunities

Liu Zhen 刘震 of E fund 易方达基金管理公司 was a graduate from Renda Fu 人大附中 in 1984. A friend who knows him, who also from Renda commented that this article, Liu’s speaking from the marketing point of view. There are many … Continue reading

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At a cafeteria on Wall Street

At a cafeteria of a major bank on Wall Street, the major secondary languages being spoken by the employees are Mandarin, Indian accented English and Russian. The people behind the food counters are generally Hispanics. I’m musing: the Americans aren’t … Continue reading

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Ticket Master

How can USA stay competitive when they have a company like TM? Can Ticketmaster’s Builder Now Unseat It? FREDRIC D. ROSEN has winked through Steely Dan, blinked through Neil Diamond and nodded through the Rolling Stones. The man who pioneered … Continue reading

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BS ..

Your knowledge and skills are secondary to your ability to BS and joke your way through the day: The Importance Of Banter On The Trading Floor When I first entered the City and people asked me what the principal skills … Continue reading

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Wen Jiabao 溫家寶

You go skipper Wen .. 脫稿演講 強硬表態, 溫家寶: 人民幣升值過快將會給世界帶來災難 .. .

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Our school budget ..

Why do I need to vote? Doesn’t the school budget always pass? Less than 20% of our schools’ parents participate in the budget vote. While this year’s budget increase is very modest, at 1.99%, YOUR VOTE REMAINS CRITICAL to its … Continue reading

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In Prison for Taking a Liar Loan

The New York Times Joe Nocera A few weeks ago, when the Justice Department decided not to prosecute Angelo Mozilo, the former chief executive of Countrywide, I wrote a column lamenting the fact that none of the big fish were … Continue reading

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