Carbacid Investments Limited is an investment and holding company. The principal activities of the Company include mining and sale of carbon dioxide (CO2) gas, and investments. The Company functions through two sections: Trading and Investments. Its products and services include food grade CO2, commercial CO2, medical CO2, dried out ice, and cylinder tests and validation.
It produces food quality CO2 for the drink and brewery industries. It provides compressed carbon dioxide for industrial uses, including steel inert gas welding and fireplace extinguisher applications. Its services under cylinder validation and maintenance include internal cleaning and drying of cylinders, and external dry ice blasting and painting. THE BUSINESS supplies its products to countries, including Kenya, Uganda, Tanzania, Rwanda, Burundi, Ethiopia, Zambia, Southern Sudan, and Somaliland. Its subsidiaries include Carbacid (CO2) Limited, Goodison Twenty-Nine Limited, and Goodison Forty-Seven Limited.
- Current accounts
- Steven G. DeSanctis, CFA, Chief Small Cap Strategist, Merrill Lynch
- ► October (17)
- Merchandise trade deficit growth: 23.5%
The scope of “money” following trend-following strategies is now a concern anytime markets are in the midst of a meaningful decrease. It’s a complex backdrop extraordinarily. Attempting to simplify things, an initial focus in the years ahead would be the interplay between what I really believe are faltering global “carry trades” and the lots of of trend-following trading associated with bloated ETF, leveraged speculating community and derivatives complexes. Previous market “flash crashes” quickly reversed course and worked to rejuvenate the bull market. Importantly, this was permitted by liquidity emanating from expanding global “carry trades” – notably from the yen and euro financing higher yielding EM and “developed” corporates, but also from “carry trade” leverage funneling “money” into the Chinese Bubble.
And the analysis has once more circled back again to China. Chinese markets are damaged and policymaking is discredited. Chinese officials may now appreciate the risk of breaking the peg to the money. At this point, however, maintaining the peg will demand the People’s Bank of China to blow through it’s reserves to invest in exactly what will surely be massive financial outflows.
And, suddenly, the marketplace seems to have awoken to the likelihood that China and other EMs have progressed into major sellers folks Treasuries (, and bonds, gilts, etc.). It’s certainly worthy of noting the evolving powerful in Treasury and “developed” sovereign bond trading. Treasuries just don’t reap the benefits of “risk off” market tumult as in the past. Prices do, however, retreat quickly when “risk on” reemerges.
This may verify an important active. For one, regardless of the troubling global backdrop, Treasuries now appear to offer a less favorable risk vs. Moreover, Treasuries these full days appear to provide a less effective hedge against equities, corporate EM, and debts market dangers. And this may call into question the favorite leveraged “risk-parity” strategies which have proliferated lately. One can decrease the list nowadays and see serious breaks developing some of the most popular “investment” and speculative trading strategies.
It sure shows up, the game is winding down. Of Sept put options and derivatives expire worthless Is it possible that many? Of course. But that could fundamentally change nothing at all. Global “Carry Trades” have begun a problematic unwind. Liquidity will now be a concern. When it becomes a genuine issue, there’s going to be serious problems associated with each one of these Trend-Following Strategies. QE4 shall be unavoidable.