Monday, November 23, 2009

I will sell anyone insurance on sovereign debt

  • Cadbury signals it is open to a 17$bn bid by Hershey
  • Signals of an impending asset bubble: inflation (cost of goods rising), caused by a rise of base commodities due to near-zero interest rate speculation: focus on consumer price indexes
  • Abraaj Capital (Largest PE in ME): sellers are become more realistic about valuations, ready to start buying
  • European government subsidies for 'green' manufacturing expected to give the area a significant boost
  • Coca-Cola looking to triple bottling in China to serve rising middle class
  • Marked increase in sovereign CDS volume for industrialized nations. US: 10bn, Japan 15bn, Russia $101bn

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