Crescat Capital Quarterly Investor Letter Q3 2015

Download Letter (PDF)August 26, 2015Crescat Capital’s Quarterly Investor Letter, Q3 2015Dear Investors,China’s economic crisis is in full swing and Crescat has been well positioned for it. The People’s Bank of China has begun unpegging its currency this month, just as Crescat had been predicting. As we explain below, we think it is only the beginning of further yuan devaluation. Through […]

Why is China's stock market in crisis? | Business | The Guardian

Stock information listed on a mobile phone in Shenyang, north-east China. Photograph: Yang Qing/Xinhua Press/Corbis
What is happening in China?Stock markets in China are tumbling. A three-week plunge has knocked about 30% off Chinese shares since mid-June. China’s securities regulator has warned of “panic sentiment” gripping investors, many of whom are individuals that have borrowed heavily to play the stock market.Hundreds […]

Greek crisis: financial markets buffeted after no vote | World news …

A currency trader walks by a screen showing the Korea composite stock price index at the Korea Exchange Bank headquarters in Seoul. Photograph: Ahn Young-joon/AP
Share prices were sent tumbling across the Asia-Pacific on Monday after Greece’s resounding no vote in the weekend’s bailout referendum raised fears it could be forced to exit the eurozone.While significant losses had not descended into […]

Oil Faces Steep Downside Risk From China's Stock Market | OilPrice …

Oil markets face a lot of downside risk – high crude oil inventories in both the U.S. and Europe, resilient production from U.S. shale, increasing output from OPEC, a nuclear deal with Iran, the turmoil in Greece – but one has not yet percolated through the markets just yet: the possibility of economic cracks in China, the largest oil importer […]


MAY 23rdUS STOCKS-Wall St ends lower after Yellen comments fail to inspire – Yellen comments leave rate expectations unchanged on Wall Street – Core inflation highest since January 2013 – Boeing falls after Bombardier jet report – Microsoft down after report of Salesforce deal talksU.S. stocks were generally lower Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who […]

Macro Morning (China rocket)

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Why become a member?Australia’s economy is not a market so much as it is a spaghetti bowl of vested interests, tax distortions and imbalances. In such a context, only a hard-nosed and independent economic and market analysis will deliver you an investment edge. Macrobusiness daily analysis is cleansed of the biases […]

Stem cell pioneer lures big pharma

by Tony BoydJust when Australia’s beaten-down biotech sector was in need of a boost, Silviu Itescu at stem cell pioneer Mesoblast sends positive signals by selling $58.5 million in stock to US pharmaceutical giant, Celgene Corporation.This is a hugely important transaction for Mesoblast and the Australian biotech sector. It shows big pharma is not content to sit back and rely on […]

No Major Country Is More Exposed to Banks than Australia | Wolf …

By Mark Hansen, Australia, MarketCap:There are six large (with a market cap of over AUD50 billion) listed companies in Australia. The biggest four are banks, the fifth is BHP, one of the world’s largest mining companies. The sixth is the world’s most over-priced Telco, Telstra. The table below puts these companies into international perspective. They are small on a world […]

Why China's stock market surge is too powerful to ignore |

Why China’s stock market surge is too powerful to ignoreJONATHAN SHAPIROLast updated Mon Apr 13 03:09:31 UTC 2015

ChinaFotoPressChina’s stock market is up 20 per cent this month, 30 per cent for the year and almost 100 per cent over 12 months.

China’s stock market is on fire. The Shanghai Stock Market Index is up 20 per cent just this month, 30 […]

Quindell PLC Requests Suspension Of Share Trading | The Motley …

We won’t be buying or selling shares in Quindell (LSE: QPP) this morning. The firm requested that trading on AIM for its securities be temporarily suspended from 9:40am, pending an announcement and publication of a document.Cancelled tradesSome share trades that went through between 9.40 am and 9.42 am were later cancelled and the counterparties notified, the London Stock Exchange said.News […]