Recently, I posted that NBER announced the recession is officially over. On a contradictory note, after NBER released the news, Warren Buffett said that the US is still in a recession. Why made him say that? This was what he said on CNBC: "On any commonsense definition, the average American is below where he was … Continue reading Commonsense economics
As I have said in a previous post, I have changed around my portfolio a bit to reflect the current market conditions. I liquidated my holdings in PGJ, SPY and C and withdrew my US dollars from my US broker a few days back. Since I have sold off PGJ (a China ETF), I wanted … Continue reading Shifting of Portfolio
The headlines on today's mypaper caught my attention. China urged US to fix its economy and not blame China for not appreciating the yuan. I feel that this will be a wake-up call for the US government.
On 20th September 2010, it was announced that the US was out of recession officially. National Bureau of Economic Research (NBER) released the report. It stated that the recession officially ended in June 2009. The recession, which started in Dec 2007, lasted 18 months. It was the longest recession since World War II. How did NBER … Continue reading Recession has officially ended BUT…
Wall Street 2 is going to be released tomorrow in Singapore. Wall Street 2 is a sequel to Wall Street which was released in 1987. A tagline in the movie goes "Greed is good!". This certainly doesn't apply to investors who are looking to accumulate wealth slowly through the effect of compounding. Greed is a … Continue reading Wall Street 2: Money Never Sleeps