Archives of “Coupes” tag

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China’s Global Times reports 30 separate measures being taken today to stabilise China markets

  
  Analysis
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The GT does not outline what the 30 separate measures are unfortunately.

The piece says the outbreak will subtract 2% points from GDP growth and, in response:
  • officials have moved swiftly to implement growth stabilizing measures
GT lead with the People’s Bank of China action to come today
  • PBOC to inject 1.2 trillion yuan into the market … through reserve repurchase operations
Its a shame the GT does not elaborate with the info
  • the net effect is not a 1.2 tln yuan injection due to slightly over 1 tln yuan of funds maturing today.
  • The net injection is in the order of 150bn yuan.

Not doing so raises the question they have been not quite so forthright elsewhere. Which is not helpful. Anyway, this is what the article says further (in brief)

four government agencies that oversee the economy, including the Ministry of Finance (MOF), the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission (CSRC), issued financial support aimed at combating the coronavirus … 30 measures include
  • CSRC – would release and study tools to prevent risks and ease market panic
  • MOF released measures including offering loans with up to 50 percent discounts on interest to companies
  • Special financial services will also be provided for those affected by the epidemic, along with small and medium-sized businesses
  • Other agencies, such as the Ministry of Commerce and the National Development and Reform Commission measures include providing help for companies to resume production and expand foreign supplies for necessary products during this critical period.  

If you are trying to escape from Japan this might help – how Carlos Ghosn did it

  
  Analysis
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Ex-Nissan CEO Ghosn escaped inside a road case, a box used for concert equipment such as speakers, controllers, instruments and what have you.

The Wall Street Journal have a piece up on what they say is how Ghosn got out, and why:
  • escape involved a 300-mile sprint across Japan on a fast train
  • from Tokyo to the Osaka airport
  • then inside a large black box, generally used for concert equipment, with breathing holes drilled in the bottom, into a waiting private jet
  • flown to Turkey, then Lebanon
  • Ghosn … made his own, final decision to go through with the plan … after signs his trial might drag on for years, and amid the court’s refusal for him to have contact with his wife during the holidays
The conviction rate in Japan approaches 99%. LOL.
Besides, if Ghosn’s box was handled by typical roadies he would have suffered enough 😉
Ex-Nissan CEO Ghosn escaped inside a road case

China’s Global Times: Trump can’t force China to yield on trade like Mexico

  
Analysis, Politics
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An opinion piece in the forthright GT. Leads off with:

  • China is not Mexico. 
  • It’s impossible that the US can strike a trade deal with China by forcing Beijing to make big compromises, as the US did to Mexico when it came to the US-Mexico-Canada Agreement (USMCA).
And gets more obstreperous from there 😀
C’mon Dec 15 – more tariffs or not? Only Trump knows right now.
An opinion piece in the forthright GT. Leads off with:

How to Become a Disciplined Trader

  
  Education
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  1. The psychology of price movement
    • The market prices flow back and forth like a tug of war between those who believe and expect the market to go up–and consequently buy–and those that believe the market will go lower–and consequently sell.
    • This means for one side, in their minds, that “the market” will make them winners; their beliefs will be validated.  All the traders on the other side, however, will be made losers; they will feel the market took something away from them and will naturally be disappointed.
  2. The steps to success
    • Once you trust yourself to always do what needs to be done, there will be nothing to fear because the markets won’t be able to do anything to you, as a result of your inability to respond appropriately.
    • Second, by passing up other opportunities that you are not an expert at yet, you will be releasing yourself from any compelling desire to trade.  Any compelling behavior is usually the result of some fear.
    • Staying focused on what you need to learn–> Deal with losses–> Become an expert at just one market behavior–> Learning how to execute a trading system flawlessly–> Learn to think in probabilities–> Learn to be objective–> Learn to monitor yourself

How to Become a Disciplined Trader

  
  Education
#  #  #  #  #  #
  1. The psychology of price movement
    • The market prices flow back and forth like a tug of war between those who believe and expect the market to go up–and consequently buy–and those that believe the market will go lower–and consequently sell.
    • This means for one side, in their minds, that “the market” will make them winners; their beliefs will be validated.  All the traders on the other side, however, will be made losers; they will feel the market took something away from them and will naturally be disappointed.
  2. The steps to success
    • Once you trust yourself to always do what needs to be done, there will be nothing to fear because the markets won’t be able to do anything to you, as a result of your inability to respond appropriately.
    • Second, by passing up other opportunities that you are not an expert at yet, you will be releasing yourself from any compelling desire to trade.  Any compelling behavior is usually the result of some fear.
    • Staying focused on what you need to learn–> Deal with losses–> Become an expert at just one market behavior–> Learning how to execute a trading system flawlessly–> Learn to think in probabilities–> Learn to be objective–> Learn to monitor yourself
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