When Singapore missed its GDP target in Q2, Maybank said we are heading for a technical recession next quarter. A technical recession happens when there are two successive quarters of fall in GDP. I remember it was July 2001. Three years after I came to Singapore, the country was in recession. The economy contracted by 2 percent - a big contrast to the strong growth of … [Read more...]
Financial crisis coming? We haven’t learned from the last one yet!
Ten years have passed since the collapse of Lehman Brothers. Did the world learn anything from the 2008 financial crisis? Are we heading for the next economic disaster? Rush in quick. Get out fast Speaking to CNBC's "Crisis on Wall Street: The Week That Shook the World" documentary, Warren Buffet commented that another financial crisis is inevitable because of human … [Read more...]
The best kept secret in this market
Have you come across a hidden gem in the property market shared by someone from the industry? Did anyone tell you that he knows the best kept secret about a high return investment project? When was the last time somebody said he has insider news and told you to buy a stock that's going to go up? Well, I hope you didn't pick up too much of those top buys in the stock market … [Read more...]
When is the next market crash?
Someone threw the million-dollar question to me at a recent Q&A session: When will the market crash? As they said, the answer ranges from imminent to most likely to happen in these two to three years. All markets have cycles, ups and downs, booms and busts, peaks and bottoms. Nothing can escape this, be it the economy, equities, properties, bonds, currencies or commodities. … [Read more...]
What we can learn from cockroaches to survive the next crisis
Typhoon Hato lashed Southern China two weeks ago. Hong Kong and Macau were struck head-on with strong winds and heavy rain. A widely-shared youtube video of Macau showed thousands of cockroaches getting out of their underground hiding places and crawling one after the other over a sea wall. It was a well-coordinated effort to march to higher grounds to flee from possible … [Read more...]