New Zealand has attracted significant bond flows in recent months as the island nation's status as a safe-haven, or relatively-safe-haven, has been galvanized by Euro worries. But where is New Zealand's economy headed? And does the country deserve this 'relatively-safe-haven' status? And of course, what does this mean for New Zealand's share market - which for most people will be expressed as the ENZL exchange traded fund?
Investment banking, what is it? Well it depends who you ask: some might say it's what those people on Wall Street do, others will say it's all about greed and using other people's money to maximise bonuses, and some will say it's an essential set of services for efficient allocation of capital and an important part of the workings of the financial system. Well I'm not going to give you an answer, but I will give you 5 documentaries on investment banking that will help shed light on the industry and help you come to your own conclusion as to what investment banking is all about.
1. Investment Banking
This documentary was put together by an Australian University in conjunction with UBS, and provides a good introduction to the key roles within an investment banking organisation. While the focus is on one institution it does provide an inside perspective on investment banking.
2. Wall Street WarriorsThe Wall Street Warriors series follows a variety of Wall Street professionals in a range of professions and variety of experience levels. It gives a real inside perspective on how these people live and what they do and what kind of people they are; quite an eye opener. [more]
The first bits of data that come out of China each month are the PMI (a measure of manufacturing) and the Soufun 100 Index (a measure of house prices). The housing sector and manufacturing sector remain critical to the near term prospects of China's overall economy and macro policy positioning. So with these two data points you can get a leading view on how China's economy. And what do they say? [more]