Monthly Archives: November 2008

Taking a Break

This blog will take a break for three weeks from 1 to 21 December. Advertisements

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Citigroup took unnecessary risk

Can you imagine that Citigroup, America’s largest financial institution, can reduce its market capitalisation from US$244 billion two years ago to US$20.5 billion on 21 November 2008? Its share value was a mere US$3.77 per share on that Friday.   The … Continue reading

Posted in Financial Management | Leave a comment

It’s season to be jolly

Amid this period of financial and economic turmoil, we should not let these events cast a deepening gloom in our lives. Be optimistic that eventually we will ride out the troubles. December has always been a month of happy anticipation. … Continue reading

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How wealth was destroyed

We heard stories about people who lost heavily in this depressing economic climate. Most had made their fortune in past years from 2003 to 2007 when the financial markets were rising consistently. Huge amount was made as they took big … Continue reading

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Singapore GDP growth estimate revised downwards

With uncertainties in the external environment, the Ministry of Trade and Industry (MTI) has forecasted that the Singapore economy to grow between -1.0 percent to +2.0 percent next year. In a worst case scenario, Gross Domestic Products (GDP) will contract … Continue reading

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Deflation, the next big problem?

We have swung 180 degrees in just four months. Crude oil price has dropped significantly from a record-high of US$147 per barrel on 11 July 2008 to a 21-month low of US$54 yesterday.   In July, the world nations were … Continue reading

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Is Self so important?

Most of us are image conscious. We worry how people from the outside view us. In our association with another person, our pre-occupation is had we projected a favourable impression on others. So we put on a show to reveal … Continue reading

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