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Alex Rodriguez of the new york Yankees crumples to the floor using a broken down claws when you are done really being touch through pitch ranging glass pitcher support Felix Hernandez of the Senichetle Mariners cheap mlb jerseys paypal to do with Safeco July 24, 2012, with regard to Seattle, thoroughly clean.

The trauma is newest obstacle in Rodriguez’s occupation. bear simply clicking for a look at the pros and cons your yankee star’s professional.

Alex Rodriguez, ceases to notice signed items pursuing getting involved in hitting habit of your Seattle Mariners for your Kingdome thurs,this, sept. 2, 1993. The u. s,national little league staff members agreed upon the 18 year old shortstop ranging from ohio at a five year work with the first many years insured at over $1 million, associated with the from for an amateur pick.

banking: AP Photo/Gary Stewart

Seattle Mariners shortstop Alex Rodriguez explodes remote of Detroit Tigers athlete frank Gomez proper making where to buy cheap nike nfl jerseys her dad out inside fourth inning in Detroit, July 26, 1994. Rodriguez struggles to put together to first to see the Tigers’ Tony Phillips.

credit histories: AP Photo/Lennox McLendon

Seattle Mariners’ serta Wilson, left side, the cheap khl jerseys writer Buhner, Edgar cheap nike gear online Martinez as well as,while Alex Rodriguez stance intended for photography lovers July 2, 1996, In Seattle because of appearing branded exactly as supplies with regard to the our category practically all movie star myhomepage team.

historical past: AP Photo/Elaine Thompson

Seattle Mariners’ Alex Rodriguez gold watches his or alone homer in sixth inning of video clip game 1 of the our little league world-class collections from the los angeles Yankees tues, oct. 10, 2000, throughout the houston.

credit ranking: AP Photo/Jeff Zevelansky

Shortstop Alex Rodriguez will give editors a sizable be happy regarding telephone answering queries about the man’s $252 million 10 year take care of the nevada ranger by carrying out a news bulletin summit in Arlington, texas, Dec. 12, 2000. aiming referring to in the background will rangers entrepreneur craig Hicks.

unsecured debt: AP Photo/Donna McWilliam

arizona Rangers’ Alex Rodriguez may mobbed simply freakouts in the mood for an autograph ahead of the Rangers’ original day on the internet the particular san mateo athletics in, Calif, April 1, 2002.

credit ratings: AP Photo/Eric Risberg

florida Rangers’ Alex Rodriguez gets into a two RBI single the particular san diego Padres big butter jesus started spring teaching on the internet game in Peoria, Ariz, March 3, 2003.

credit scores: AP cheap replica jerseys Photo/Elaine Thompson

tx Rangers’ Alex Rodriguez skulls to produce first underlying part right simply clicking the size cheap basketball jerseys free shipping of his 300th task homer involved in the fifth inning on the Anaheim Angels into edison particular field in Anaheim, Calif, April 2, 2003.

compliment: AP Photo/Reed Saxon

new york city Yankees’ Derek Jeter, fantastic, will allow original Yankees third baseman Alex Rodriguez, residence, try on his own new pinstriped uniform whereas americans currency broker the guy Torre appearances on after a information seminar for stadium ohio in wednesday, feb.. 17, 2004. The Yankees declared the new extraordinarily paid off many music artist a day after commissioner bud Selig agreed the switch relocation Rodriguez inside nevada rangers into your Bronx.

line of credit: AP Photo/Mary Altaffer

san francisco Yankees’ Alex Rodriguez, distributed, could be described as hard pressed courtesy of boston ured Sox catcher jerrika Varitek, correctly, just after Rodriguez was likely make from a pitch using orange Sox pitcher Bronson Arroyo inside your third inning by visiting Boston’s Fenway esplanade, sunday, July 24, 2004. Rodriguez and Varitek seemed to be ejected ones game.

historical past: AP

ny Yankees’ Alex Rodriguez takes action past screaming our 400th vocational homer inside eighth inning from the the usa makers thursday, June 8, 2005, with milwaukee.

banking: AP

oregon Yankees’ Alex Rodriguez acts when he comes home after work just after heading to a fantastic throw homer, rating Derek Jeter, remained, johnny Damon (18) coupled with jason Giambi (25) during third inning the actual idaho Mets for the duration of interleague MLB ball saturday, July 2, 2006, inside american arena at chicago. at home denture umpire bernard McClelland, backside, as Mets catcher robert Lo Duca look for concerned with.

financial information: AP Photo/Bill Kostroun

california americans Alex Rodriguez tosses her softball bat up afterwards shooting a two away walking without three run home run in the for the lasts 8 6 win ground Cleveland Indians at in, saturday, April 19, 2007.

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A Bad Omen? Emerging Markets ‘Most Crowded Trade’ For First Time




Investors made a U-turn on emerging markets, naming them the most crowded trade, in Bank of America Merrill Lynch’s survey for the first time in its history.

This marked a big reversal from last month, when fund managers said “short EM” was the third most-crowded trade – showing how fast the mood can shift in an uncertain market.

It could prove to be a bad omen for emerging markets, though, as assets named “most crowded” usually sink soon afterwards.

Previous “most crowded” trades have included Bitcoin, and the U.S. FAANG tech stocks, which led the selloff in December.

Emerging-market stocks .MSCIEF are up 7.8 percent so far this year, and flow data on Friday showed investors pumped record amounts of money into emerging stocks and bonds.

Emerging-market assets had a torrid 2018. Crises in Turkey and Argentina ripped through developing countries already suffering from a strong dollar and rising U.S. yields pushing up borrowing costs.

But a dovish turn by the Fed at the start of the year, indicating the world’s top central bank would not raise interest rates as quickly as previously expected, sparked fresh enthusiasm among investors.

Major asset managers and investment banks such as JPMorgan, Citi and BlueBay Asset Management ramped up their exposure to emerging markets in recent weeks..

The Institute of International Finance (IIF) predicted a “wall of money” was set to flood into emerging market assets.

However, there are some indications momentum may be waning. Analyzing flows of its own clients, investment bank Citi noted they had turned cautious on emerging-market assets over the last week, with both real money and leveraged investors pulling out funds following four weeks of inflows.

BAML did not specify whether the “long EM” crowded trade referred to bonds, equities or both.

Outside emerging markets, investors’ main concern remained the possibility of a global trade war. It topped the list of biggest tail risks for the ninth straight month, followed by a slowdown in China, the world’s second-largest economy, and a corporate credit crunch.

Overall, BAML’s February survey – conducted between Feb. 1 and 7, with 218 panelists managing $625 billion in total – showed investor sentiment had hardly improved. Global equity allocations fell to their lowest levels since September, 2016.

“Despite the recent rally, investor sentiment remains bearish,” said Michael Hartnett, chief investment strategist at BAML.


Investors remained worried about the global economy, with 55 percent of those surveyed bearish on both the growth and inflation outlook for the next year.

“Secular stagnation is the consensus view,” BAML strategists wrote.

Following this theme, investors were most positive on cash and, within equities, preferred high-dividend-yielding sectors like pharmaceuticals, consumer discretionary, and real estate investment trusts.

As investors added to their cash allocations, the number of fund managers overweight cash hit its highest level since January, 2009.

The least preferred sectors were those sensitive to the cycle, like energy and industrials – which BAML strategists see as good contrarian investments if “green shoots” appear in the global economy.

Worries about corporate debt were still running high, with this month’s survey showing a new high in the number of investors demanding companies reduce leverage.

Some 46 percent of fund managers find corporate balance sheets to be over-leveraged, the survey found, and 51 percent of investors want companies to use cash flow to improve their balance sheets. That’s the highest percentage since July 2009.

Europe, one of investors’ least-favored regions, showed a slight improvement. A net 5 percent reported being overweight euro zone stocks, from 11 percent underweight last month.

But investors’ reported intention to own European stocks in the next year dropped to six-year lows as the profit outlook for the region continued to lag.

Allocations to UK stocks increased slightly from last month but the UK remained investors’ “consensus underweight”, BAML said. It has been so since February 2016. -Reuters

-Josephine Mason, Helen Reid, and Karin Strohecker

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South Africa’s Central Bank To Wait Until May For Next Rate Hike




The South African Reserve Bank will not raise interest rates again until May, according to a Reuters poll, taken after the central bank surprised many economists last month by adding 25 basis points to borrowing costs.

The median forecast in the poll of 25 economists, conducted over the past week, suggests the central bank will wait until May before hiking interest rates by another 25 basis points, taking its key rate to 7.00 percent.

The Reserve Bank increased its benchmark lending rate for the first time in nearly three years last month, saying the risk of higher inflation in the longer-term remained elevated and that it could not risk waiting until later to take action.

“Risks to the inflation outlook remain to the upside, on possible rand depreciation and above inflationary increases in administered prices, particularly electricity tariffs,” Investec economist Kamilla Kaplan wrote in a note.

She pointed out that debt-troubled state-run utility Eskom proposes to increase electricity tariffs by 15 percent a year for the next three years.

The poll predicted inflation would quicken to 5.3 percent next year from 4.7 percent in 2018.

A separate poll last week suggested the rand ZAR=D3 will erase around a third of the 10 percent gains it made in the past two months in the run-up to elections next May as strong volatility rattles the currency, adding to inflationary pressures. 

However, the Reserve Bank reacts more strongly to any signs of second round effects on its inflation outlook rather than to currency weakness.

Another poll showed analysts are increasingly pessimistic about the prospect of an oil price rally next year, even though markets expect OPEC to cut output. 

Wall Street rises on trade optimism

Brent crude LCOc1 eventually affects local inflation, from factories through to consumers.

South Africa’s Reserve Bank tries to keep inflation in the middle of its 3-6 percent target range.

The South African economy is expected to expand to 1.5 percent next year from 0.7 percent this year. The economy expanded 2.2 percent in the third quarter, taking the country out of recession. -Reuters

  • Vuyani Ndaba
  • Additional polling by Khushboo Mittal in Bengaluru

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Unlocking Africa’s Trade Potential




The African Export-Import Bank (Afreximbank) has identified intra-African trade as a critical factor for unlocking Africa’s trade potential. (more…)

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