It is Murphy’s law at work that a person who hates doomsayers has turned into one. I am not trying to spook, or frighten, or sensationalise things here. The Olam bond debacle is… Continue reading
Irving Fisher had predicted the stock market had reached “a permanently high plateau” on the eve of the Great Depression. Perhaps, if the celebrity economist is alive today, he might be tempted to… Continue reading
OLAMSP 6 10/25/22 SGD 81 83 OLAMSP 5 3/4 09/20/17 USD 88.75 90 OLAMSP 2 1/2 09/06/13 SGD 96.5 98 OLAMSP 5.8 07/17/19 SGD 84 86 OLAMSP 7 09/29/49 SGD 79.5 84 OLAMSP… Continue reading
Its between the Devil and the Deep Blue Sea. Shareholders are hostage but given a lifeline, say nothing of the bondholders, too bad. Don’t cry if you had bought the 5.75% 2017 USD… Continue reading
Last Wednesday, the MAS published its annual Financial Stability Review. The Review pointed out something that few people have noticed – that Singapore has become increasingly dependent on global cheap funding. It says… Continue reading
Qualifier for potential libel : I do not hold Olam bonds or stocks and do not intend to execute any trade in them for the next 6 months. This is a personal and… Continue reading
It’s Friday and time to take stock, everything happening around the markets and everything else that is not. I spent a few days, earlier this week, at home in self imposed regiment to… Continue reading
That was what the leftwing newspaper Liberation said on her front page on learning that the owner of LVMH luxury group of Louis Vuitton fame is seeking Belgian nationality just a day before… Continue reading
I am getting worried about writing this column in this Libel society of ours. And I am not talking about the SMU human rights school closure last month. Just because our leaders and… Continue reading
Contemplating if I have a personality disorder these days. Till I look at the EUR charts. It’s not me ! The market is bipolar and caught up with the frenzy of immediate gratification.… Continue reading