Since the start of 2021, the question that appears to be on everyone’s mind is “Will this year be any better than the last?” When… Read More »The real recession has yet to comePreventing bankruptcies will only delay the pain and weaken the system in the long-run.
Economic conditions look to be the best in a while for the US and most European countries, at least according to recent readings of the… Read More »Are V-shaped PMIs Misleading?The recent rise of PMIs may be overstating the extent of the global economic recovery.
After a stellar performance over the past few months gold has found its way back into the headlines, with market prices rising above $2000 an… Read More »A sales pitch for buying goldWith returns on other assets at historical lows gold has become highly attractive to investors.
Although no one would question the success Singapore has had in raising the living standards of its population, and establishing itself as a regional centre… Read More »Singapore and the myth of services-based developmentManufacturing lay at the heart of Singapore's rapid development during the 60's and 70's as evidenced by historic economic data and records of government policies at the time.
A global recession is all but certain after the US Bureau of Economic Research published data indicating that the world’s largest economy contracted by 4%… Read More »Underneath the surface of the coming recessionA severe recession has been a long time coming for the advanced countries.