Category Archives for Market
S & P Downgrades US Credit Rating
On Friday after the US market closed, S&P downgraded the US credit rating from AAA to AA+. They also kept the outlook as “negative”, which puts it inline for further downgrades in the future. Actually, the downgrade has been been hinted at for some time, but the actual downgrade might herald in a new financial era. Warren Buffett […]
Dow Falls Over 500 Points
I haven’t been sleeping well for the past two weeks, managing only 4-5 hours of sleep on most nights. Yesterday, I went to bed early and slept almost nine hours. When I woke up at 7am to check my mobile phone, the first thing that I saw was this: DJI – 512.761, -4.31% The 512 […]
GIC Report 2010/2011
GIC has released their latest annual report giving us an idea of their performance of the government’s reserves. In their press release, it was reported that the five, ten and twenty year annualized performances were 6.3%, 7.4% and 7.2% respectively. However, note that all these figures are measured in USD terms. If measured in SGD […]
MAS Reports Loss of S$10b in 2010/11 Annual Report
In the latest issue of the MAS Annual Report, Singapore’s GDP forecast remains at 5-7% range, while inflation is now expected to be 4-5%. And while MAS made investment gains of S$12.3 billion, there was an overall loss of S$10.9 billion when the investments are converted to Singapore Dollar terms. This was due to the […]
John Mauldin on Greek Default
Are we reaching the end of the road? Greece is now desperately selling some of its national assets. This is the modern warfare – losing one’s assets via economic and political means. Will the Greek citizens be able to accept that or will they say enough is enough and walk away? And we now have […]