Monthly Archives: April 2008

Cost-push Inflation hurting consumers

The current inflation faced by most economies is not the type known as “demand-pull” inflation, where demands for goods and services rise because of buoyant economies and when the consumers feel wealthier.   This inflation facing us is one known … Continue reading

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Singapore Inflation rose 6.7% in March 2008

The Consumer Price Index (CPI) rose 6.7% in March 2008 when compared with the same month in 2007 (year-on-year comparison). This continued the high increases since January 2008 at 6.6% and February 2008 at 6.5%. Hence for the first quarter … Continue reading

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Have sub-prime mortgage crisis turned a corner?

The chief executives of four Wall Street’s biggest banks (Goldman Sachs, JPMorgan Chase, Lehman Brothers, Morgan Stanley) voiced their opinions that the credit crisis is winding down. Mr John Mack of Morgan Stanley said the crisis would probably last only … Continue reading

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How do you react with string of bad news?

When I read the newspapers this week, I noticed string of bad news. This may be due partly that I looked out for them when I read the news.   On Monday, General Electric, one of the most important bellwether … Continue reading

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Singapore economy up; Singapore dollar allowed to strengthen

Based on Advance GDP Estimates released by Ministry of Trade & Industry, Singapore real Gross Domestic Product (GDP) rose by 7.2 per cent on a year-on-year basis in first quarter of 2008, faster than the 5.4 per cent gain in … Continue reading

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Losses from sub-prime mortgage crisis to be US$945 billion – IMF

The International Monetary Fund (IMF) reported that the loss is not limited to US sub-prime market. Of US$945 billion, US$565 billion will be due to residential mortgage debt; US$240 billion will come from commercial real estate debt; US$120 billion from … Continue reading

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Risk of Global Recession is growing – warned IMF

The International Monetary Fund (IMF) revised downward 2008 GDP growth estimates of major economies and the world yet again yesterday.   The last update on 29 January forecasted a GDP growth for the world of 4.1%. Now, it was predicted … Continue reading

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Investment returns and SIBOR

The Singapore Interbank Offered Rate (SIBOR) is the interest rate banks pay each other to borrow cash. 3-month SIBOR had dropped steadily from 2.88% on 5 April 2007 to 1.31% on 4 April 2008. As a consequence, the 3 local … Continue reading

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STI broke the 3000 points level

Since 25 March (Tuesday) last week, STI broke the 3,000 points level closing at 3,000.19. It continued above 3,000 points on 27 to 28 March. For this week starting 31 March (Monday), STI continued on the uptrend with the biggest … Continue reading

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Tuesdays with Morrie

I re-read a second time, this true-life account of Professor Morrie Schwartz and the days he lived out till he died.  It is still a powerful and emotional piece of writing, more so during my second reading.   Morrie was … Continue reading

Posted in Book Review