It would be ‘economic madness’ to allow the market to sort itself out under catastrophic conditions
Across the globe, economies are in free fall. Even in the unlikely event that the pandemic is contained by the middle of the year, global growth for 2020 will probably still be negative. Both the US Federal Reserve and the IMF now expect an even deeper US and global recession than following the global financial crisis. In this...
Singapore’s lax corporate governance is finally showing up problems
Singapore's lax corporate governance is finally showing up problems during #COVID19. Also, note what a former Temasek Holdings senior managing director said below. “Our rules, monitoring and enforcement for companies are weak – and we are now paying a heavy price," Mak Yuen Teen, an accounting professor who specializes...
Politicians are playing games with the real numbers produced by medical experts
"While the politicians played games with the real numbers produced by the medical experts in the coronavirus task force, community seeding and a massive outbreak occurred right under their noses." "In the early months, the daily count was segregated into "imported" vs "local". When numbers started to experience a bump due to...
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