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Wolf Review(Meltdown. Scandal, Sleaze and The Collapse of Credit Suisse by Duncan Mavin)

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(Contents) This title by Duncan Mavin detailed the events that lead to the collapse of one of the most iconic Swiss banking giant. The book gathers information from insiders who share the inner workings and culture of Credit Suisse(CS). The history of CS is a tale of fortunes won and lost, of controversy and disagreement, of dispute and accusations. The events that led to the demise of the banking giant were a concoction of failure in epic proportion which ultimately bought down the 167-years-old bedrock of the Swiss financial industry. Credit Suisse was founded in 1857 by Alfred Escher. He saw a need for a bank to finance Switzerland’s ever growing need for infrastructure in the mid 1800s. His clout in politics and in business propelled CS as the go-to bank. Switzerland’s banking industry didn’t take off till the Great War. Due to Switzerland’s neutrality, it became a safe place for wealthy individuals and families to place their money. Occupied countries placed huge sums of money wi...

Wolf Money(world market review 3-9 Feb 2025)

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  (Image credit: Marketmegood.com) Market Summary 3-9 Feb 2025 *USA* -US year-ahead inflation expectations up to over 1-year high to 4.3% in Feb, steepest since Nov 2023 + US jobless rate dipped by 0.1% to 4% in Jan, lowest level since May, vs expectations of 4.1%  -Congress should make Trump's tax cuts permanent and avoid the largest tax hike in history: Scott Bessent + US imports of goods and services rose 3.5% to US$364.9bn in Dec, highest on record; rushed shipments ahead of a potential dockworkers’ strike and anticipated tariffs  + US PMI Composite Output Index came in at 52.7 in Jan vs 52.4 in Dec vs estimates of 52.4 -US ISM Services PMI declined to 52.8 in Jan from downwardly revised 54 in Dec, vs forecasts of 54.3 -US economy added 143k jobs in Jan, well below upwardly revised 307k gain in Dec, vs forecasts of 170k  + US private businesses added 183k workers to their payrolls in Jan vs forecasts of 150k  + US average hourly earnings for all employees on...

Wolf Money(portfolio update end Jan 2025)early release

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Chinese New Year Happy Lunar New Year to all my readers. I wish you the best of luck and happiness in the year of the snake. May you profit greatly from your investment.  I remember as a kid, Chinese New Year was a big thing. Preparation started a month before the actual day. From spring-cleaning to giving the house a fresh coat of paint. From making enough Wu Xiang to last for the first 15 days of the new year to decking out the whole house with CNY decor. It had always been a mad rush to the big day. My mum will be cooking all sorts of food, from curry to braised meat. It was a joyous occasion. Everyone in my household was looking forward to having a good celebration.  (Reunion dinner powered by Lone Wolf) Over the years, as we ditched our adolescences. Chinese New Year celebrations have become a mellower affair. Besides the exchange of new year pleasantries and the customary reunion dinners. We will be doing our own things afterward. It is my observations, Chinese New Years...

Wolf Money(Deepseek, seek deeper)

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  (Deepseek Company logo:Seek deeper) Seek Deeper(extract from monthly portfolio update) In the US, the correction in tech stocks, especially Nvidia was brutal. Deepseek, a Chinese AI company, started by some university students have developed a breakthrough AI model without the need for advanced semiconductors. It was reportedly mentioned some employees of the company doesn’t even have coding and programming skills. It costs only a fraction of what was spent developing ChatGPT and other AI models. The breakthrough sent a shockwave to Wallstreet. As the market reassessed how Nvidia and other AI companies will be affected by the new development. I can’t comment on how this will affect the current AI players, but one thing for sure, money will always find the most cost-effective way out. Will the demand for higher end chips be affected? Most likely. Will Deepseek hastens the adoption for AI thus increase demand for lower end chips? Most likely.  (Deepseek ChatBot) I gave Deepsee...

Wolf Money(Singapore Savings Bonds Feb 2025 result)

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  (Source: MAS) Result is out for Feb 2025 issued SSBs. There were applications worth $236.5m of SSBs. With $223.1m found buyers which were within account limits. Next months SSBs are expected to maintain its current yield. God bless. Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but a...

Wolf Money(world market review 19-25 Jan 2025)

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(Image credit: Traderlion.com)   Market Summary 19-25 Jan 2025 *USA* ± Fed expected to keep interest rates on hold in next week’s meeting  ± US Composite PMI Output Index declined to 52.4 in Jan, lowest level since Apr, vs 55.4 in Dec; amid rising price pressures   -US sales of previously owned home slipped to their weakest level in nearly 30 years in 2024 to 4.06m on annual basis     + US existing-home sales rose for the 3rd mth in Dec, contract increased 2.2% to annualised rate of 4.24m, the most since Feb  -US freezes new funding for nearly all aid programs worldwide  + Trump said he would demand that interest rates drop immediately, and other countries should follow suit  + Trump says he could reach trade deal with China, citing his conversation with Xi was friendly  -Trump said “thinking in terms” of imposing 25% tariffs on goods coming from Mexico and Canada  + Trump announced private sector investment of up to US$500bn to fund AI ...

Wolf Bargain(Prada Café)

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(The signature Prada green décor) I have the privilege of experiencing the pre-launch of The Prada Café. Going to The Prada Café, one will naturally expect the price to be elevated given the brand association. The bargain comes from the good service and the beautiful execution of the food. (Pastries made into work of art) Prada bought 80% of Milan-based, Pasticceria Marchesi in 2014. The main objective is to preserve the 200 years old Milanese culture. Fast-forward to today, the well-known café from Milan is poised to contribute to the overall experience at Prada. At present, Prada is not the only luxury brand offering f&b options in their boutique. LVMH, Tiffany and Dior have their own cafés. It is a smart move to incorporate a café within the boutique as it acts as a conduit to draw curious diners to the brand’s latest fashion offerings. The café with its Prada green décor gives the patrons a cheerful outlook. Dining in the café gives one a sense of sophistication. It feels like ...