We were on the verge of the greatest retirement crisis in history and COVID-19 just triggered it. In the decades to come, globally, we will witness hundreds of millions of people slipping into poverty in their retirement years, not because they lost money in the stock market, but because they saved. Why? If you are […]
Why Did The Stock Markets Rally Despite The Looming Recession
The global stock market has just had an amazing rally in April despite a looming recession ahead. Do you feel puzzled and frustrated by this? Did you sell your stocks in March or were you waiting on the sidelines? The further we get into this global lockdown due to the COVID-19 pandemic, the clearer the […]
Coronavirus and US Debt Crisis – When Black Swan Meets Grey Rhino
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 […]
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 […]