Living in Shanghai
http://livingblog.andrewparkes.com
Living in Shanghai
Yuan Dan - Happy New Year in Shanghai
元旦快乐!! 
HAPPY NEW YEAR!
HAPPY NEW YEAR!When Sun Yat-sen took office as the temporary President in Nanjing at the beginning of January of 1912, he set the 1st of the 1st lunar month as the Spring Festival while the 1st of January was set as the New Year, which was also called Yuan Dan.(from the Chinese Confucian Website)
Interesting Spreads
Very interesting how the crude price, wholesale price, and retail price spreads change ...
Courtesy AAA
Courtesy AAA
Water markets in 20 to 30 years ....
“I expect to see a globally integrated market
for fresh water within 25 to 30 years. Once the spot market for water
is integrated, futures markets and other derivative water based water
instruments – puts, calls, swaps – should trade over the exchanges and
over the counter will follow. There will be different grades and types
of fresh water just like the way we have light sweet and heavy sour
crude oil today. Water as an asset class will, in my view, become
eventually the single most important physical commodity based asset
class
– dwarfing oil, copper agricultural commodities as well as precious
metals.”
Willem Buiter, Citigroup economist. (to me via Chris Carter ScotiaGroup email)
Hmmm .... maybe much sooner in certain countries ... we shall see
Willem Buiter, Citigroup economist. (to me via Chris Carter ScotiaGroup email)
Hmmm .... maybe much sooner in certain countries ... we shall see
Halloween in Shanghai
You can buy anything here in Shanghai! Da Ning department/grocery store RT Mart:
Steven Jobs on sale in Shanghai, Yan Chang Road
Less than one week to hit the streets of Shanghai!
Ohhh ... advertising!!!
ADVERTISING!
Oh my goodness ... WHAT ...
... the heck????
Looks like RAIN! Tropical Storm Sarika!
YEAH - hoping to totally end the drought!!!
Southern China receives much of their rain in the form of Tropical Storms. The weather forecast is for rain through Sunday.
Southern China receives much of their rain in the form of Tropical Storms. The weather forecast is for rain through Sunday.
Closer to home in Shanghai ...
| Right Now | Next 36 Hours | ||
|---|---|---|---|
 |
Today | Tonight | Tomorrow |
 |
 |
 |
|
| Fair | Partly Cloudy | Mostly Cloudy | T-Storms |
| 97°F | 90° | 74° | 81° |
| Feels Like: 101° | High | Low | High |
| Past 24-hr precip is only available for the contiguous U.S. | Chance of Precip: 10% |
Chance of Precip: 20% |
Chance of Rain: 90% |
| Wind: From S at 9mph |
Wind: SE at 8 mph |
Wind: S at 9 mph |
Wind: SSW at 12 mp |
The FIRST Tropical Storm - North America
A birthday storm!! That's IT - just turned the double nickel!! grin
HAPPY NEW YEAR 2011!!!
What a beautiful way to start 2011!!!
Beautiful Sunrises still in Shanghai!
A wonderful Thanksgiving weekend here in Shanghai too!
59" is quite passable for this time of year!
 |
Hello Alta Powder Hounds... |
In the last 12 hours (as of 4am this morning), Alta Ski Area received 2" of new snow.
In the last 24 hours, Alta Ski Area received 12" of new snow.
The storm total so far is 24".
In the next 24 hours, Alta Ski Area is forecasted to receive 2-4" of new snow.
The settled mid-mountain base is currently: 59".
So far this season we've received 104" of snow.
Check out the latest road and snow conditions on the Alta Mountain Report: http://www.alta.com/pages/report.php
U.S. 10 year Treasury Bonds - NO problem!
From 1960 to 2010, 10 year Treasuries from the Saint Louis Federal Reserve website:
The U.S. 10 year bond rates are at the lowest ever (except during the year earlier recession). Guess the bond market isn't worried about how safe the U.S. is, as far as a place to invest and buy assets! Interesting!!!
The U.S. 10 year bond rates are at the lowest ever (except during the year earlier recession). Guess the bond market isn't worried about how safe the U.S. is, as far as a place to invest and buy assets! Interesting!!!
Sovereign Interest Rate Spreads
The Sovereign market is the bond market for different countries' bonds. The "Spread" is the difference in bond yields (interest rates) - here, the spread from Germany means the extra interest above that required of a German Bond. Very Interesting ...
We've been watching these bonds in our classes - the PIIGS: Portugal, Ireland, Italy, Greece, and Spain (with the UK not far behind, but not part of the Euro). The U.S. is not in these leagues, at least not yet. From the Economist Magazine linked here .
We've been watching these bonds in our classes - the PIIGS: Portugal, Ireland, Italy, Greece, and Spain (with the UK not far behind, but not part of the Euro). The U.S. is not in these leagues, at least not yet. From the Economist Magazine linked here .
Nanjing by FAST Train!!
First one must stop at the automated ticket vendor... PUSH the screen where it says English!!
You have to be careful to select the right options, however it is very straightforward. Then stick 146 yuan into the slot and you have an economy ticket to Nanjing - on the fast train!
A double length train, I suppose for National Day Week!!
(Oops, forgot to Publish this post a long time ago!)
You have to be careful to select the right options, however it is very straightforward. Then stick 146 yuan into the slot and you have an economy ticket to Nanjing - on the fast train!
A double length train, I suppose for National Day Week!!
(Oops, forgot to Publish this post a long time ago!)
SNOW!
EXCELLENT!!! Everyone is emailing me that the snow's flying! From Connecticut to Grand Junction, there has been snow on the ground (and in the air). Here's a picture from Alta today:
Opening in 3 days ... but only 36" (including the new 12" snow) isn't really much!! However, I'm not able to ski for another 2 months, so there you go!
Opening in 3 days ... but only 36" (including the new 12" snow) isn't really much!! However, I'm not able to ski for another 2 months, so there you go!
GIANTS WIN!!
Well, I have been waiting a long time for that one!!! (2002 was the hardest year - but never mind now!)
Even more amazing is that the win was on what would have been my mother's 111 birthday!!
(She was born on 11/1 - in 1899 - and lived to be 100 years old (died 1/3/2000)!
Even more amazing is that the win was on what would have been my mother's 111 birthday!!
(She was born on 11/1 - in 1899 - and lived to be 100 years old (died 1/3/2000)!