Providing analysis of investment, economic and business trends in Singapore and the world.
Providing analysis of investment, economic and business trends in Singapore and the world.
PAST ARTICLES
Japanese exports and industrial production dive - 30 March 2009
As Fed steps up deflation fight, will history repeat itself? - 23 March 2009
Less gloom for Japan - 16 March 2009
Economic contraction continues in early 2009 - 2 March 2009
Stock markets hit new lows as economic weakness continues - 23 February 2009
For the Lion City, the Ox is no bull - 26 January 2009
Japanese economy still deteriorating - 19 January 2009
End of 2008 shows no end of recession - 12 January 2009
Markets suffer painful 2008 - 2 January 2009
Japanese economy takes a turn for the worse - 22 December 2008
US in recession, end not looking imminent - 8 December 2008
No Inflation, no growth? - 24 November 2008
It's a recession -- and it's global - 10 November 2008
US economy shrinks, time to revisit the yield curve - 3 November 2008
US and Japan still headed towards recession - 20 October 2008
A bloody week for stocks - 13 October 2008
Signs of US recession are spreading - 6 October 2008
Surely a recession now - 8 September 2008
Another look at US second quarter GDP and durable goods orders - 1 September 2008
Stock markets hold up but economic slowdown spreading - 4 August 2008
US inflation not moderating yet - 21 July 2008
Unemployment data show US recession still likely - 9 June 2008
Fall in US industrial production raises recession probability - 19 May 2008
US employment shrinking but not economic output - 5 May 2008
Japanese data reverse, economy pauses - 28 April 2008
Elevated US headline inflation proves persistent - 21 April 2008
Singapore dollar jumps as the MAS tries to get ahead of the curve - 14 April 2008
Japan looking like the US, US looking like Japan - 7 April 2008
US dollar sinks to record lows as Fed fights credit market turmoil - 17 March 2008
US recession: Doubts vanishing with jobs - 10 March 2008
Inflation not cooling yet - 3 March 2008
As economic growth weakens, look for inflation to moderate - 25 February 2008
US and China on inflation watch this week - 18 February 2008
US recession, dollar crisis and bond market meltdown - 11 February 2008
In the Year of the Rat, will the US economy fall into the sewer? - 4 February 2008
US productivity growth is good but it's credit growth that matters - 28 January 2008
It's beginning to look like recession - 7 January 2008
After five-year run, stock market bull looks tired - 2 January 2008
The Fed has company but it's not the BoJ - 10 December 2007
Fed may cut rates again despite strong economic data - 11 November 2007
US employment data still point to rate cuts - 8 October 2007
US labour market says no recession, housing market says maybe - 28 September 2007
Fed rate cut looks imminent, recession probably not yet - 10 September 2007
Spike in credit spread a risk to economy - 20 August 2007
As markets get nervous, will central banks keep their composure? - 6 August 2007
Markets in turmoil on fears of credit crunch - 30 July 2007
As global unemployment falls, so do bond prices - 9 July 2007
Stocks ride out June turmoil but still face rising interest rates - 2 July 2007
Bond yields spike but stocks have cushion - 11 June 2007
US economic rebound could leave housing market behind - 28 May 2007
US inflation falls but hold the celebrations - 16 May 2007
May is here, should stock investors fear? - 7 May 2007
Valuations support stocks for now - 30 April 2007
Stock markets move higher as interest rates stay low - 23 April 2007
Looking beyond the core, inflation remains elevated - 18 April 2007
Good Friday employment data could resurrect inflation concerns - 9 April 2007
Inflation remains elevated - 2 April 2007
Fed relaxes, investors should not - 26 March 2007
Stocks, hit by subprime turmoil, not getting relief on inflation front - 19 March 2007
China sends investors scurrying out of risky assets - 5 March 2007
Central banks tighten, will asset markets choke? - 26 February 2007
In Year of Fire Pig, will stock markets light up or will investors get roasted? - 12 February 2007
BoJ and Fed likely to stay sedate on interest rates - 5 February 2007
Hawks circling over Europe - 15 January 2007
Lower interest rates may take some time to come - 8 January 2007
2006 ends on bullish note for stock investors - 2 January 2007
ISM's PMI confirms US slowdown - 4 December 2006
US and Japanese yield curves: What they add up to - 27 November 2006
Will record-breaking run in Asian stocks continue? - 6 November 2006
Is the bull market, like the US economy, running out of steam? - 30 October 2006
Stock markets charge to new highs, but watch interest rates - 16 October 2006
Rate cut hopes fall with unemployment - 9 October 2006
Slower rise in producer prices but inflation pressures remain - 25 September 2006
Will US inflation persist? - 18 September 2006
If the US economy is slowing, the stock market's not showing - 4 September 2006
US housing market weakens, will the stock market follow? - 28 August 2006
What US retail sales and import price trends mean for corporate earnings - 14 August 2006
Markets signalling slowdown in US economy - 7 August 2006
Pause for thought on Fed pause - 24 July 2006
Stock market rally may not last - 3 July 2006
Despite weakness in US housing, recession not yet inevitable - 20 June 2006
Stock markets fall from rising risk aversion - 29 May 2006
Sold in May, should investors go away? - 22 May 2006
Investors turn defensive - 16 May 2006
Fed rate hikes: The end is near . . . maybe - 24 April 2006
China and the US trade deficit - 3 April 2006
US housing market flashes warning on economy - 27 March 2006
US resource utilisation: Lower over the long term, slower over the short term - 9 March 2006
Investor sentiment turns down but not the economy - 6 March 2006
Federal Reserve tightening: Make-or-break year? - 13 February 2006
In the Year of the Dog, will stocks go to the dogs? - 30 January 2006
Interest rate movements threaten sanguine outlook for stocks - 3 January 2006
Awash with liquidity, drowned by overcapacity? - 19 December 2005
Liquidity feeds bull for year-end - 28 November 2005
Bull market threatened by rising inflation and interest rates - 17 October 2005
Outlook for stocks in the aftermath of Katrina - 12 September 2005
Markets not moving interest rates to correct global imbalance - 22 August 2005
US saving deficit leads to trade deficit - 15 August 2005
Stocks fly in July - 1 August 2005
A new regime for the renminbi - 25 July 2005
US current account deficit may stabilise as economic growth moderates - 19 July 2005
Outlook for stocks and bonds may depend on PMI - 4 July 2005
The housing boom - 20 June 2005
Sell in May and be dismayed - 6 June 2005
Economic indicators and stock markets change their minds - 23 May 2005
US employment growth underlines economy's resilience - 9 May 2005
The elusive consensus - 2 May 2005
Economies stay hot but investor sentiment turning down - 21 April 2005
Analysts slightly bearish towards equities - 15 April 2005
Electronics stocks still underperforming - 28 March 2005
Singapore stock market flashes warning - 14 March 2005
US stock market bullish but divergence and valuation are concerns - 7 March 2005
Bubbles everywhere -- and about to burst? - 3 March 2005
STI approaching level of last major peak - 21 February 2005
Will investors turn chicken in Year of the Rooster? - 7 February 2005
Companies react as stock options expensing takes effect - 17 January 2005
Poor start to 2005 for US equities - 10 January 2005
Stormy 2004 makes way for challenging 2005 - 3 January 2005
Slowing economy may weigh on Singapore stock market - 20 December 2004
The falling US dollar and rebalancing of the US current account - 13 December 2004
The impact of China on the world economy - 6 December 2004
Slowing world economy poses risk to stocks - 29 November 2004
US dollar affected by both trade deficit and inflation - 16 November 2004
Bush's election victory cannot blow dark clouds away - 8 November 2004
US demand and Chinese production - 18 October 2004
Disappointing job growth may hurt US dollar - 11 October 2004
Explaining the fall in bond yields - 4 October 2004
US debt trends threaten economy - 15 September 2004
Still no clear indication on world economy - 6 September 2004
World economy slows - 16 August 2004
Softness in US economy may be short-lived - 5 August 2004
Growing signs of an economic slowdown - 26 July 2004
Terrible week for tech stocks - 19 July 2004
UOL divesting stake in UOB - 12 July 2004
Stocks fall as Fed raises rates and jobs data disappoint - 5 July 2004
No bubble in housing? - 28 June 2004
Singapore's growth rate: 7 percent but slowing - 7 June 2004
It's still a bull market - 2 June 2004
Jobs in Singapore grow with economy, for now - 24 May 2004
Singapore stocks down despite good 1Q results - 17 May 2004
Good outlook for Singapore manufacturing and electronics - 7 May 2004
Outsourcing will continue to be a threat to jobs - 12 April 2004
US sees surge in jobs, finally - 5 April 2004
Incumbents win elections in Taiwan and Malaysia in contrasting styles - 25 March 2004
Singapore economy starts off 2004 on strong note - 1 March 2004
STATS and ChipPAC in US$1.6B merger - 13 February 2004
Weaker dollar may help US economy but is no panacea - 3 February 2004
Stocks expected to rise in Year of the Monkey, but beware of risks - 26 January 2004
What's in store for 2004 - 5 January 2004
Have hedge funds arrived too late in Asia? - 15 December 2003
Explaining correlations - 26 November 2003
Standoff between bulls and bears - 17 November 2003
Falling US dollar and its impact on stock markets - 13 October 2003
Will small-cap boom turn into gloom? - 29 September 2003
US job losses not that surprising - 8 September 2003
Singapore faces lower standard of living - 25 August 2003
Bonds crash as world economy shows signs of recovery - 11 August 2003
Singapore equities look past weak second quarter - 14 July 2003
Stocks rise amid deflation confusion - 2 June 2003
US dollar dragged down by trade deficit - 16 May 2003
War on SARS will take longer than war on Iraq - 21 April 2003
Iraq war launches stock market rally - 24 March 2003
Persistence in the US stock market may not pay - 10 March 2003
Weak start to the Year of the Goat for stocks - 10 February 2003
After three years of losses for stocks, will there be a fourth? - 13 January 2003
Hope for at least some short-term gains for equities - 30 November 2002
Singapore economy catching up with the stock market's fall - 12 October 2002
Fight against global deflation must involve Asia - 24 September 2002
An asset bubble adds to deflation risk - 18 September 2002
Alan Greenspan and the stock market bubble - 10 September 2002
Deflation in Japan keeps yields low - 23 August 2002
Stock options are expenses, no doubt about it - 5 August 2002
Carnage on Wall Street - 24 July 2002
Deflation threat for the US stock market - 26 June 2002
US stock market: Not too late to get out - 13 June 2002
The Singapore stock market faces a wall of worry - 30 May 2002
US consumer debt: Another case of complacency - 23 May 2002
Analysts risk overestimating the value of the US dollar - 20 May 2002
New paradigm for the US dollar? - 2 May 2002
Downside risks for economic recovery, upside potential for Asian stocks - 29 April 2002
Keppel's restructuring bearing fruits - 24 April 2002
Singapore's Q1 figures weaker than expected - 11 April 2002
Pessimism overdone - 26 February 2002
Singapore stock market: Review and preview - 2 January 2002
Singapore economy may have hit bottom - 28 December 2001
Name-calling can't substitute for understanding of market - 19 November 2001
What's the economy got to do with stocks? - 26 October 2001
Hope for equities despite war and high US valuations - 22 October 2001
Stock markets don't always wait for the economy - 12 October 2001
Stock markets fall with the WTC - 17 September 2001
Singapore economy close to bottom but not recovery - 6 September 2001
Weak economic recovery for Singapore on the cards - 16 August 2001
Beyond the bottom - 10 August 2001
Recognising bubbles - 27 July 2001
Tech sector taking the brunt of the US slowdown - 24 July 2001
Value indicators for the Singapore stock market look good - 19 July 2001
MAS fails to convince doubters - 13 July 2001
Developments in the banking industry - 9 July 2001
Mergers and acquisitions reflect low valuations in the Singapore stock market - 3 July 2001
Money supply growth to support the Singapore economy and stock market - 7 June 2001
A rising capital account deficit poses a challenge to the MAS - 30 May 2001
The MAS versus the Singapore dollar bears - 23 May 2001
Reaction to Fed cuts shows fundamentals are all wrong for the US dollar - 16 May 2001
Are we ready for a Golden Age? - 10 May 2001
Are unit trusts the best investment vehicle for Singapore investors? - 8 May 2001
Market rebound: Looking in the right market - 4 May 2001
Getting the figures right, getting the right figures - 27 April 2001
The US dollar: Another bubble? - 25 April 2001
Internet bubble - 24 April 2001
Singapore stock market outlook - 31 March 2001
Singapore stock market outlook - 21 December 2000
Disclaimer: The commentaries posted here represent the opinions of the author at the time of posting and should not be taken as investment advice. Readers who wish to take any investment action based on information obtained from this site should seek appropriate advice from a qualified financial adviser.