The Singapore Monetary Policy Statement and the Thankless Job of Central Banking – Thank You, MAS !

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photo courtesy of Ms Su Tan of HK, taken on a wine tour of Sicily.   October is looking to be a painful month with an estimated US$ 876 billion wiped off bond… Continue reading

Do We Have To Retire and Worry About Living to 100 ?

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photo courtesy of Ms E Wong, of Perth W.A., somewhere in Georgia this week.   Into the final quarter of the year and we saw the 3rd US rate hike with Indonesia and… Continue reading

Nobody is Going to Actually Notice if Sibor is Higher

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Happy versus Unhappy People World happiness levels are at a 10 year low, according to a Gallup survey, as US stock markets powered to a record high on this Autumn Equinox. Yes, we… Continue reading

Running Out of Ideas a Decade After Lehman Brothers

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Why do we have all these 2020 downturn stories and Ray Dalio with a new book, A Template for Understanding Debt Crises, that he is giving away as a free PDF, all calling… Continue reading

Debt and the Wealth Gap – A Recipe for Disaster

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  Sometimes we can count ourselves lucky to be kept busy with other problems in life such as 2 funerals and a wedding while combatting an army of roof rats, that leaves one… Continue reading

Ad Hoc Commentary – Uncle Sam, the new tax haven

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“The U.S. government has been issuing more debt, but it’s not getting more foreign buyers in the door. As a result, U.S. investors have so far financed all of this year’s increase in… Continue reading

Ad Hoc Commentary – fears of China overtaking the West is largely exaggerated

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Demographics and energy flows impose fundamental limits to the business cycle. Human intellect and energy conversion is always necessary to accomplish economic activity. Even though favorable demographics and abundance of energy does not… Continue reading

Worth Musing Over The First SGD Corporate Bond ETF

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How can we expect others to spend more time and money on Facebook when our personal usage has declined sharply in the past year, with barely time to check on all our Whatsapp… Continue reading

Cognitive Dissonance in Global Markets

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One just cannot but feel something is wrong, cognitively, when we get, for instance, hit by someone from behind on the road to have the offender vehemently insisting that it was our fault.… Continue reading