A big market crash is coming – this is the bad news I pick up these days from the world’s most successful investors. Firstly, Warren Buffet sold and set aside US$344 billion cash for Berkshire Hathaway. Next, Ray Dalio said we are heading into very dark times. Then, Jim Rogers warned us about this worst market crash in his life. Similarly, Peter Schiff claimed that the … [Read more...]
When fear of downturn becomes a self-fulfilling prophecy
In my earlier blog post "Why property prices won’t be recovering any time soon", I talked about 'regime uncertainty' and how the recent China stock market crash further undermined market confidence. During the free fall between June 12 and July 7, in less than a month Chinese equity investors lost more than $3.4 trillion in equity value. By end of August, investors suffered a … [Read more...]