The probability is growing that the global economy – not just the United States – will experience a serious recession. Recent developments suggest that all G7 economies are already in recession or close to tipping into one.
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Tuesday, 19 August 2008
Monday, 18 August 2008
Diversify your portfolio but choose carefully
Adding a different kind of investment exposure to a portfolio may help to diversify it, but the question is - what kind of exposure is good for that purpose? One good strategy is to find an investment with a “low correlation to the global equity market” - in other words, an investment that moves in the opposite direction to global equities. Fund houses are touting this quite a bit nowadays, but are these really good for diversification? Investors can tell from the corresponding correlation coefficients.
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Commodity prices likely to rebound
Crashing commodity prices have once again given ammunition to sceptics who believe the boom of recent years was a blip, but that view underestimates the demand and economic growth in the emerging world.
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Saturday, 16 August 2008
Hot Money Scapegoated for A-share Market Nosedive
China’s A-share market has plummeted over 10% in the week since the opening of the Olympic Games, and many investors are wondering if hot money is short selling A-shares. Since the middle of October last year, the A-share market has dropped by 60%.
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David Stevenson: Go on the defensive to avoid fate like Japan’s
A disturbing thought has been dogging me: we may not be about to enter a “normal”, cyclical bear market of 25 to 30 per cent losses, but may instead endure a bear market akin to Japan’s, where returns on equity are pounded down as successive waves of rallies are consumed in a wider sense of gloom and re-rating.
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Monday, 11 August 2008
Sunday, 10 August 2008
Hedge funds brace for more heat after record losses
Hedge funds are braced for more dire performance data after sharp reversals in commodities and financials last month pushed some funds to record losses - making the goal of positive returns for the year even harder to reach.
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Saturday, 9 August 2008
UN chides media ‘frenzy’ over Beijing smog
BEIJING - THE United Nations’ environment boss has rebuked global media for a 'frenzied focus' on Beijing’s pollution and ‘amnesia’ over past hosts’ similar problems.
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Thursday, 7 August 2008
清明上河圖
Along the river during the Ching-Ming Festival
This painting was originally painted during the Northern Song Dynasty, 1085-1145. It was repainted again during the Qing Dynasty. It is measured 528cm in width and 24.8cm in height. It is considered as one of the Great Treasure of China and was exhibited in the Hong Kong Museum of Art last year.
Take your time and walk through this painting which stretches across some length. At each of the three white boxes, click your mouse within the box and you will be amazed.
View the painting here
This painting was originally painted during the Northern Song Dynasty, 1085-1145. It was repainted again during the Qing Dynasty. It is measured 528cm in width and 24.8cm in height. It is considered as one of the Great Treasure of China and was exhibited in the Hong Kong Museum of Art last year.
Take your time and walk through this painting which stretches across some length. At each of the three white boxes, click your mouse within the box and you will be amazed.
View the painting here
Wednesday, 6 August 2008
You Can’t Control Animal Spirits
Tuesday, 5 August 2008
HSBC warns on credit crisis in Asia
HSBC on Monday warned the credit crisis was beginning to hit Asia as the banking group signalled emerging markets would not be immune to a severe economic slowdown in the US.
Stephen Green, HSBC’s chairman, said the bank had seen signs of an economic slowdown in countries such as India and Vietnam, combined with rising inflation. Falling stock markets had hit demand for wealth management products in the region.
Stephen Green, HSBC’s chairman, said the bank had seen signs of an economic slowdown in countries such as India and Vietnam, combined with rising inflation. Falling stock markets had hit demand for wealth management products in the region.
Monday, 4 August 2008
Sunday, 3 August 2008
S&P emails slammed mortgage debt products
CHICAGO (Reuters) - Analysts at Standard & Poor’s Rating Services warned against mortgage-related debt products in internal e-mails that, in one case, called the complex financial deals “ridiculous,” the Wall Street Journal reported in its weekend edition.
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