Lee Hsien Loong’s visit to China
I welcome Lee Hsien Loong's visit to China and in particular, his meeting with China's President Xi Jinping. My commentary will briefly covers 3 parts. Firstly, I am disappointed from reading CNA online news that Lawrence Wong (LW) who is the leader of the fourth generation pap team is not on the list of people who accompany...
Expense ratios of sovereign wealth funds
I obtained these figures from ChatGPT. The ratio of management expense is about 0.06% of investment funds for Norway and Saudi Arabia. The ratios are much higher for GIC and Temasek, being 0.17% for GIC and 1.9% for Temasek. I do not know if these ratios are strictly comparable, but they appear to be high for GIC and excessively...
World Irony
US is basically a technically Bankrupted Country with the Highest Debts in the world. China happens to be US second largest Creditor, after falling from the Top position with consistent sell off of US Treasury Bills for the past few years. It's amusing to see how the debtor trying all means to threaten its second largest Creditor...
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