Finance and Economy
August was a bad month while September was rather jolly good for stocks. S&P500 closed the month of September 2010 with a 9% gain. In fact this September was the best September for the U.S. stocks in more than 70 years (since 1939). The gain in September more than makes up for the 4.75% August […]
... written on Oct 02 2010Federal Reserve chief Alan Greenspan was right when he said the “most effective” economic stimulus is rising stock prices, instead of government spending. The stock market is indeed a barometer of how the average-Joes feel. But the stock market bull has to be as genuine as possible, meaning the so-called index rising was not due […]
... written on Sep 27 2010Whether you like it or not a high-speed rail system between Malaysia and Singapore is bound to happen, sooner or later. Except for ex-PM Mahathir and a bunch of racist politicians, it seems nobody would reject a shorter travelling time and a closer relationship with Singapore. Forget about Mahathir‘s lopsided opinion about Singapore as history […]
... written on Sep 27 2010Malaysia’s economy is set to skyrocket to a super-impressive level in just another 10-year, thanks to an economic road map involving investments of about US$444 billion (RM1.3 trillion) to power the country towards becoming a high income economy by 2020, provided you believe this is not another Mother of all Slogans gimmick to create feel-good […]
... written on Sep 23 2010Except for Nokia at 8th position, the top-10 of 2010’s 100 Best Global Brands is dominated by American brands – according to Interbrand agency. For the 11th year in a row, The Coca-Cola Co. ranked as the world’s top performing brand with a value of nearly $70.5 billion. The second and third place also remain […]
... written on Sep 18 2010Japan intervened to sell yen for the first time in six years pushing other currencies higher. Dollar, Euro, Sterling, Australian dollar are all higher against the Japanese Yen. Finance Minister Yoshihiko Noda said Japan intervened in the foreign exchange markets as the impact of the yen’s rise on the economy could not be ignored and […]
... written on Sep 16 2010Now that his 10-day vacation in Martha’s Vineyard is over, President Barack Obama is set to promote certain initiatives to drive the country’s economy ahead of the November election. Obama is schedule to spell out an infrastructure proposal today at a Labour Day event in Milwaukee. The infrastructure investments package is a long-term investments spanning […]
... written on Sep 06 2010The way U.S. big boys are managing (or rather firefighting) the economy is pretty amusing though. President Obama is clueless on how to drive the country out of recession while the CEOs are finding scapegoat blaming Obama squarely for the weak economy and Bernanke is literally saying “Don’t worry, we have some tools or options […]
... written on Aug 28 2010An empire is just like a stock. A stock can goes up from $1 to $500 a share and then from $500 back to $1. Likewise great empires such as Roman, Qin, Mongol and Ottoman saw their rise and fall in the history of mankind. Now we do not talk about empires militarily but rather […]
... written on Aug 25 2010I’ve mentioned many times that basically there’re two simple indicators to gauge how well U.S. economy is recovering. First is unemployment and the second is the home sales. If the indicator of either one is negative then you can forget about putting money betting on the bull. Forget about what the analysts told you about […]
... written on Aug 25 2010
