Can you foresee that your mortgage interest rate rises to 17% in a day? That may be unimaginable to many Singaporeans. However, the Russian Central Bank has just shown case and raised its benchmark interest rate from 10.5% 17% to try and stop the collapse of the Ruble (Russia’s currency). While Singaporeans are busy cashing in […]
Why you should worry about the bankruptcy of Detroit
You may or may not have noticed, Detroit, the cradle of America’s automobile industry and once the nation’s fourth-most-populous city, filed for bankruptcy last Thursday. This is the largest American city ever to take such a course. Detroit expanded at a stunning rate in the first half of the 20th century with the arrival of […]
The Debt ENDGAME for Western Governments and the NEW GAME of Income Investing
The world is coming to the ‘end game’? At this point of time where many the stock markets have hit historical new high? Below is a video published end of last year that provides an excellent context affecting your personal savings, your retirement, your income and your investment returns. The video does provide the context […]
No Eurobonds 'As Long As I Live'
In my April post “Have You Forgotten European Credit Default Swap“, I have shown you the chart of CDS in euro zone when many were talking about “the worst is behind us”. Now everybody has known how much the market crashed in May. Let’s be “contrarian” again this time. In the past months, there are many talks […]
Have You Forgotten European Credit Default Swap?
It seems investors are not affected at all by the recent market correction and Sumatra earthquake. New IPO of palm oil firm Bumitama soared on debut, rising 32% from IPO price of $0.745 and closed at $0.98 for the first day. If you recall, Just six months’ ago, the market was spooked by Euro debt […]
Take a look at Greek debt problem from a Folli Follie point of view
In Oct last year, I wrote a blog entry “Greece Default Almost Certain“. Now it is 2012 Feb, Greece “still hasn’t defaulted”, instead, the creditors took 50% haircut in Oct and another further 53.5% cut this month. So on the paper, a $100 Greek debt is worth only around $25 now, but it is NOT default? […]