Category Archives for Market
Computer Glitch Causes Turbulent Fall in Dow Jones
In a turbulent day on Wall Street, the Dow Jones industrials lost almost 1,000 points, nearly a tenth of their value, in less than half an hour. It was believed that a simple typographical error in one of the orders had triggered a wave of computerized selloff. The Dow was down 400 points at 10,460 […]
Warren Buffett on Goldman Sachs and U.S. Economic Rebound
Warren Buffet was recently interviewed on CNBC about his thoughts on Goldman Sachs and the state of the U.S. economic recovery. You can watch the full interview in two parts below. If you prefer reading, the transcript can be found here.
MAS Macroeconomic Review April 2010
The Macroeconomic Review is published twice a year by MAS in conjunction with the release of the MAS Monetary Policy Statement (MPS). The purpose of the Review is to provide information on the Economic Policy Group’s background analysis and assessment of GDP growth and inflation developments in the Singapore economy, and in doing so, to […]
Effects of Appreciating Singapore Dollar
Mr Lim Hng Kiang, Minister for Trade and Industry and Deputy Chairman: 1. Singapore adopts an exchange rate-centred monetary policy to maintain price stability for sustained economic growth over the medium term horizon. Given the small and open nature of our economy and our dependence on trade, the exchange rate has a significant influence on domestic […]
Limitations of Credit Rating Agencies
A part of the recent financial crisis has been blamed on credit rating agencies who did not rate certain securities properly. In particular, we all know in hindsight that a lot of the packaged “AAA” CDOs were in fact much more risky than the ratings given to them. California Attorney General Edmund Jerry Brown Jr. […]