Brexit: How will Singaporeans be affected
The UK just voted in favour for British exit from the European Union. What does it mean for Singapore? What will happen now that British voters decided to leave European Union (EU)? The only honest answer is that we don’t know. A country leaving the EU isn’t something that happens every other month. The most we can do is...
What defines the new ‘economic normal”?
In a recent post, I wrote "the old virile economic model is sputtering having gone flabby with too years imbibing on fat and sweeteners like foreign workers and overly business friendly policies. It is barely even reaching half the "new normal" of 3% GDP growth." A FB friend commented "Adjusting to the 'new normal' is not easy...
Gold, Oil, Fed & Investment Outlook
A quick glance at goldprice.org May chart told of spot gold took a hammering of 6.4%, tumbling from its month beginning peak daily close of US$1,294 per oz to ending at US$1,211. TD Securities called the slide an overdue “correction” and “profit-taking”, not something more ominous. [ LINK ]. As the annual average...
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