Investors are holding their breath as the world witness the gigantic China property bubble deflate. Last week all eyes are on Evergrande to see whether China’s most indebted developer will default. The company is due to pay US$83.5 million in interest on September 23 and another US$47.5 million on September 29. It is nothing but a dead cat bounce A day before the … [Read more...]
Who’s fueling the housing bubble?
Covid-19 is a man-made catastrophe spread by our ignorance, recklessness and stubbornness. The pandemic unveiled the weaknesses in our social norms and cultural practices. It also exposed the problems in government systems all over the world, particularly in healthcare, housing, finance and infrastructure. Times are tough. An unknown future is frightening. But no matter … [Read more...]
Financial crisis coming? We haven’t learned from the last one yet!
Ten years have passed since the collapse of Lehman Brothers. Did the world learn anything from the 2008 financial crisis? Are we heading for the next economic disaster? Rush in quick. Get out fast Speaking to CNBC's "Crisis on Wall Street: The Week That Shook the World" documentary, Warren Buffet commented that another financial crisis is inevitable because of human … [Read more...]
The obsession of buying properties: why some countries get it while others don’t
Finally, Germany won the World Cup. The team didn't get to keep the 18-carat gold trophy, but they were happier to take home a whopping $35 million prize money. Mind you, it is another $35 million on top of the economic powerhouse’s $3.7 trillion GDP. So the richest are getting richer. Advantages of being the odd one Being the largest country in the EU, Germany has long … [Read more...]