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 best kept secret in this market
Have you come across a hidden gem in the property market shared by someone from the industry? Did anyone tell you that he knows the best kept secret about a high return investment project? When was the last time somebody said he has insider news and told you to buy a stock that's going to go up? Well, I hope you didn't pick up too much of those top buys in the stock market … [Read more...]
When is the next market crash?
Someone threw the million-dollar question to me at a recent Q&A session: When will the market crash? As they said, the answer ranges from imminent to most likely to happen in these two to three years. All markets have cycles, ups and downs, booms and busts, peaks and bottoms. Nothing can escape this, be it the economy, equities, properties, bonds, currencies or commodities. … [Read more...]
What we can learn from cockroaches to survive the next crisis
Typhoon Hato lashed Southern China two weeks ago. Hong Kong and Macau were struck head-on with strong winds and heavy rain. A widely-shared youtube video of Macau showed thousands of cockroaches getting out of their underground hiding places and crawling one after the other over a sea wall. It was a well-coordinated effort to march to higher grounds to flee from possible … [Read more...]
When the housing market collapses
Remember the infamous Fannie Mae and Freddie Mac that kick-started the last financial crisis? Last month hedge fund Bayview Financial bundled their junk securities into $118 million new bonds. Fitch Rating immediately stamped it with A- for investment grade. Didn't they do the same for subprime mortgage bonds that were once top-rated AAA debts before the US housing … [Read more...]