Roubini is a famous person when it comes to crisis predictions. He is also known as Dr. Doom and was one of the few who gave strong warnings for the 2008 crisis before it happened. The below is a sharing from him which I read in an online media when he was asked if the … Read moreRoubini: No 2008 global financial crisis BUT ….
Do I believe the InternationalMonetary Fund (IMF)? Well, let’s just say I will believe what I want to believe from what I read. Okay, reported in many media from an article in Reuters, IMF managing director, Christine Lagarde said that the rising interest rates in United States and economic slowdown in China were contributing to … Read moreIMF’s Lagarde: 2016 will be “disappointing”
A good friend asked me today, ‘Is it still a good time to buy?’ This friend is a very capable lady whom I look up where work is concerned. I told her, there’s no answer to this question because if I say Yes, she would ask me what to buy. If I answer No, she … Read moreA crisis unfolding or an opportunity opening?
On and off, there are comments on Facebook which predicted that Malaysia’s property bubble is about to burst. Currently, the most popular prediction is that of Iskandar. Actually, the main reason for all the cooling measures by Bank Negara Malaysia (BNM) is to contain any dangers of property bubble building up. So, do you want … Read moreSpotting signs of a property bubble, 3 points (updated)
Oh no! Bursa Malaysia as well as the Ringgit is falling because of oil prices which has sunk below US$70 per barrel. This was the title of many articles about the current state of Bursa Malaysia as well as Ringgit. The stock market is at its lowest point since mid-October while the Ringgit is now … Read moreOh No! Oil prices falling means Bursa stocks and Ringgit will fall too!
Yes, this is a prediction by an expert. According to Jeremy Grantham, chief investment strategist at Boston-based money-management firm GMO, there is already a stock bubble but this bubble will not be bursting yet, not until the S&P 500-stock index reaches 2250. That’s another 10% to go. What’s the current S&P 500-stock index? Refer to the … Read moreBubble will burst when S&P 500-stock index reaches 2250.
Which is the most unaffordable property market in the world today? Hong Kong. Who said so? US-based Demographia based on their survey. According to them, Hong Kong’s median hoe price was more than $S4.02 million compared to the median income which was only HK$270,000. Few weeks ago, Malaysia was said to be severely unaffordable at … Read moreAlready MOST unaffordable but prices will continue rising?
What if the Prime Minister of the 6th largest economy in the world tells the world that the next crisis will be coming soon? Yes, we are talking about United Kingdom’s Prime Minister, David Cameron. Would you believe it? He said the eurozone is possibly going into its third recession because of high unemployment, falling … Read moreNext crisis is looming – PM of 6th largest economy in the world
65% of probability for a recession by end 2015. Yes, you can read this on many news site online. This is the latest prediction by a company which was famous for its accurate predictions of the 1929 crash as well as the recent mortgage crisis beginning in 2007. The Jerome Levy Forecasting Center said that … Read more65% probability – recession by end 2015
IMF said there’s a possibility of property bubble in Malaysia. There are truths there, especially the overpriced condos still empty after 1 year of key handover. However, everyone sits up straight when someone prominent enough tells you an exact date when the financial crisis may happen, again. For those who are overstretched by choice today, … Read more9 Months, Financial Crisis may happen – Arturo Bris of IMD