Comments for Closet economist and dreamer who muses about global events & life in general.

Comment on Desert Rose by bonbon78

bonbon78 — Fri, 16 Oct 2009 03:48:19 +0000

hahahahaha….i had a good laugh over your captions. brings back memories

Vegas has its charm. I love walking along Main Street and admiring each hotel’s decor. And the lights at Fremont is cool.
One word for Vegas : BLING

ya, bellagio is beautiful esp at nite. i haf a pict of the indoor garden inside bellagio

Comment on Survey shows civil servants happier compared to those working in private sector – Yeah … Big Surprise! by bonbon78

bonbon78 — Tue, 06 Oct 2009 17:10:30 +0000

wat utter rubbish

Comment on I survived Sept 11! by VIvien

VIvien — Mon, 14 Sep 2009 10:05:22 +0000

It looks pretty better in your pictures.

Comment on Monopoly and Investing by Monopoly and Investing | RantNet.com

Monopoly and Investing | RantNet.com — Thu, 25 Jun 2009 04:27:37 +0000

[...] Go here to see the original: Monopoly and Investing [...]

Comment on FX – 2 months later by FX – 2 months later « Closet economist and dreamer who muses about … | RantNet.com

Thu, 04 Jun 2009 03:18:57 +0000

[...] original here: FX – 2 months later « Closet economist and dreamer who muses about … [...]

Comment on Taking the less well-trodden path by Sharon

Sharon — Mon, 11 May 2009 04:37:02 +0000

Perhaps his father is Jimmy Choo? Well, they share the same surname, and Jimmy Choo was originally was M’sia.
Everyone in the world knows Jimmy Choo.. it’s probably more sought after than Manolo Blahniks.
With a father like that, I wouldn’t mind moving from 1 continent to another also.

Comment on O$P$ – who charges higher rates than NZD? by caviarwine

caviarwine — Fri, 27 Mar 2009 07:46:01 +0000

Yes, it is generally (STRESS: generally) a good idea to borrow in JPY and invest in higher-yielding currencies like AUD or NZD and ride on the “yen carrytrade” wave.

However, you need to be very nimble as the unfolding of the yen carrytrade can lead to severe and painful losses. I know of friends who bought AUD at 7~ish yield 12 months ago and close to par with the USD. Now, AUD hovers around the 3% yield mark and accordingly, its value has depreciated substantially against major currencies like USD and GBP i.e. you would suffer heavy FX losses.

For the long run, my personal view is commodity-backed currencies like AUD and NZD should trend upwards once the bull/boom cycle swings up (perhaps in another few more quarters). If you have kids who plan to study or if you plan to retire in the Southern Hemisphere, then you generally do not have to worry about FX losses.

CAVEAR EMPTOR

Comment on O$P$ – who charges higher rates than NZD? by roger

roger — Sat, 21 Mar 2009 20:21:37 +0000

Hi is it a good or bad idea to borrow money from a Japan Bank and tranfer to NZ Bank? Japan has very low interest rates for borrowing.

Comment on Inflation reaching dizzying heights … fish slice steamboat reduced to pathetic portions by rei

rei — Thu, 21 Aug 2008 02:58:59 +0000

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Comment on Subprime, Liquidity and why it affects you by gopal krishna dhar

gopal krishna dhar — Tue, 25 Mar 2008 05:31:39 +0000

Admire the way it has been explained,so lucid and comprehend able.Will benefit even a layman who does not have an iota of knowledge about recession.