At the beginning of every month, I send an investment letter, the GMC Notes, to all my clients. The purpose of sharing this is to document my thinking process, both right and wrong, during my investment journey and also invite constructive discussion so we all can learn from each other. Note this post will only […]
Falling Oil Price: Will There Be A Credit Crunch?
Who are the smartest and most heartless companies in the world? You bet, the banks. If you recall my article at the beginning of the year, I have explained the real ‘time bomb’ from sharp falling oil price is not just the looming future of the energy companies but the impact to the financial system, the […]
Sharp Falling Oil Price – The Real Time Bomb
Global oil prices had crashed by more than 50% in the past few months. The sharp falling oil prices are leading to significant revenue shortfalls in many energy-exporting countries. At the same time, consumers in many importing countries are going to pay much less for their daily usage of energies or drive their cars. While […]
Falling Oil Price: Why Russia’s Problem Is Your Problem
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 […]
US Super Committee fails to agree on deficit reduction, What is Next?
When Euro Debt Crisis is still in a deadlock, US Supercommittee, who are responsible for coming up with USD1.5 trillion in budget deficit cuts, admitted that they would not reach an agreement by its November 23rd deadline. The Select Committee on Deficit Reduction (Supercommittee) had been appointed this year, following a review of the burgeoning US deficit. The committee, made […]
US Debt Ceiling – The Dangerous Game and a Wayang Show
Further to my story about US debt ceiling problem, I showed you that the debt ceiling has been raised many times in the history. It looks that raising the debt ceiling is a norm in the US, but why are investors worried? Let me continue the story. Although Uncle Sam is a very powerful person, […]