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

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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.