Jul

20

Batman Smashes Spider Man Box-Office Record

July 20, 2008 | 2 Comments

Something to take our minds off the economy’s downward spiral - consumers are not forgoing their favorite movies and the entertainment industry is alive and kicking. In fact, box-office records are falling like nine-pins.
The new Batman movie “The Dark Knight,” smashed the weekend record held by “Spider-Man 3″, achieving $155.3 million worth of ticket sales […]

Jul

11

Is America A Nation Of Whiners?

July 11, 2008 | Leave a Comment

Is America a nation of whiners? Yes, so says Phil Gramm, John McCain’s top economic adviser and former senator.
Gramm claimed America has become a “nation of whiners” and everybody has been experiencing only a “mental recession.”
I am sure many Americans are flabbergasted by this statement. Though technically, economists cannot agree on a recession, it is […]

Jul

9

Alan Greenspan’s Fraud And The Global Economic Mess

July 9, 2008 | 1 Comment

Yesterday, we enjoyed a joke about Alan Greenspan but I am going to adopt a more serious tone in this post.
My esteemed impression of Alan Greenspan, who once had the world cavorting and clinging on to his every word, took a dip after reading this book, “Greenspan’s Fraud: How Two Decades of His Policies Have Undermined […]

Jun

20

Adverse Climate Events Wrecking Havoc Around The World

June 20, 2008 | 2 Comments

Although I write an investment blog, I feel a need to discuss the incessant rape of Mother Earth today. As investors, we are affected by global events, especially natural disasters which can cause tumultuous upheavals to the stock market.
Since 2007, we have seen a slew of record breaking climate events. There was no let-off […]

May

15

US Risks Japan-Style Recession

May 15, 2008 | Leave a Comment

America again ranked as the world’s most competitive economy in an annual survey by the Institute for Management Development (IMD), but risks being toppled by Singapore and Hong Kong.
The US situation mirrors Japan’s position twenty years ago, just before it slid into a decade of recession. In 1989, Japan’s competitiveness was unassailable, with a strong […]