Wonderful solo by the electric piano man using his tracheal tube. Also, the backing vocalists don't dance like white men. Amy Winehouse was one of the greats, dead at 27.
A Beautiful Eurasian Like Myself
Bits from Elliot Rodger's 'Twisted World'
"My mother is of Chinese descent. She was born in Malaysia, and moved to England at a young age to work as a nurse ... My father ... is of British descent.
[I had] the feeling that I was different because I am of mixed race. I am half White, half Asian, and this made me different from the normal fully-white kids that I was trying to fit in with.
I am beautiful, and I am half white ..."
Also this longer, disturbing, excerpt:
"I soon became frustrated that no one was paying any attention to me, particularly the girls. I saw girls talking to other guys who looked like obnoxious slobs, but none of them showed any interest in me. As my frustration grew, so did my anger. I came across this Asian guy who was talking to a white girl. The sight of that filled me with rage. I always felt as if white girls thought less of me because I was half-Asian, but then I see this white girl at the party talking to a full-blooded Asian. I never had that kind of attention from a white girl! And white girls are the only girls I’m attracted to, especially the blondes. How could an ugly Asian attract the attention of a white girl, while a beautiful Eurasian like myself never had any attention from them? I thought with rage."
Looking at FAS and IWM Together
Interesting that these two were in parallel on Wednesday ... not wonderful setups, but watching them at the same time (move to same screen) is revealing. Hard to line up the charts on the web page, but I think they're close.
Dragonvale -- Arctic Dragon
Mud + Cold = Arctic ...
Borgen S01 E04
Hard-hitting Hanne Holm, finds comfort in the bottle.
Trading idea for Wed. May 28, 2014 | ADT (ADT)
Back up at the top of the earnings? crash range. Look short.
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Beijing Food Prices -- King Lychee
Regular lychee are about the size of a golf ball, maybe a bit smaller. These are king lychee which are two to three times as big as normal ones. They are very expensive at 99.80元 (US$15.96) a kilogram. There are 11 in this package which means they're about 70 cents a pop. I prefer the small ones actually, and not just because I'm cheap.
Beijing Food Prices -- Lychee
Another cost of living post. I never had lychee before moving to China. They are an amazing fruit: sweet, juicy, soft flesh ... eating them is almost an erotic experience. These cost 25.80元 (US$4.13) a kilogram. There were 35 in this package, so they're about US9.5 cents a pop ... let's call it a dime a piece. Should pop these in the fridge first, they're best eaten chilled.
SPXL Set up on Tuesday
Another lesson on entry, target and initial stop. SPXL is Direxion's 3x S&P 500 fund ... good liquidity, draws a clean chart.
Intensifying Competition for Deposits
From an April 9, 2014 note from Macquarie:
95% of Yu E Bao’s money is invested in agreement deposits (协议存款), which are not subject to RRR (Required Reserve Ratio). The ultimate outcome of interest rate liberalization is for regulated interest rates to go up and unregulated interest rates (e.g., returns of private lending, Yu E Bao) to come down, implying better financial resource allocation and stabilized rates over the long term.
Yu E Bao products do not represent financial innovation by nature but take advantage of policy arbitrages by investing in interbank negotiated deposits. In comparison, US money market funds mostly invested in risky assets that are not involved in money creation in the banking system.
These Internet products in China, although limited in size (Rmb500bn vs. total deposit base of Rmb105tr), enjoyed rapid growth this year and posed pressure for banks to increase rates in the competition for deposits, thus pushing up the cost of capital in the whole system. The policymakers, therefore, suggest regulating the Internet Finance products by requiring deposit reserves. Assuming 20% of the Internet money market funds are submitted as reserves at the PBOC in exchange for a return of 1.62%, yields on the “Yu E Bao” will come down by at least one percentage point.
While interest rate liberalization will inevitably bring down NIMs, we believe the market has been overly bearish on the long-term impact on banks’ profitability. In addition, potential regulations on the Internet money market funds may help relieve some pressure for banks suffering from intensifying competition for deposits and high cost of capital.
If you read Chinese, this is of interest: 什么是存款准备金管理