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TR EMERITUS

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Archive for the ‘Economy’ Category

Is America moving towards socialism out of necessity?

The US stock market rallied last night because the Fed is buying individual bonds. In effect, they are converting many businesses into state owned enterprises. It may not be fully state-owned, but the state may be holding a substantial stake. This is an interesting phenomena. It is a modern way of nationalization. America is...

It’s about time that we learn from our students

Deng Xiao Ping inspection of the Guards of Honour by the Pioneer Guards at Paya Lebar Airport China went through a baptism of fire to form as a nation in 1949 under the CCP Chairman Mao Tze Tong’s leadership, the national reserve and foreign currency barely have US$1B. KMT’s Generalissimo Chiang Kai Shek emptied the Forbidden...

If Singapore has more than $1 trillion in reserves, why is PAP overly concerned?

Phillip Ang * The author blogs at LikeDatOsoCanMeh. Read More →

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