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BIS Chief Economist warned of possible "W Shape Economic Recovery...

Written by Dennis Ng on .

Currently, most analysts are of the opinion that the economic recovery is V shape, ie. fast economic recovery. However, recently, Tharman (our Finance Minister) and Our Prime Minister Mr Lee warned that there is a possibility of a "double-dip recession, or a "W-shape Economic Recovery".

The fact is as early as May 2009, I already warned about the possibility of a "W shape economic recovery" in this newsletter.

http://www.housingloansg.com/web/index.php?option=com_letterman&task=view&Itemid=48&id=62

In June 2009, I warned again http://www.housingloansg.com/web/index.php?option=com_letterman&task=view&Itemid=48&id=67

Interestingly, on 16 Sep 2009 William White, the highly-respected former chief economist at the Bank for International Settlements, warned that world might slip back into a recession. (full article below).

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In Early 2009, I said Gold Prices Might Hit Above US$1,000, now this has come true..

Written by Dennis Ng on .

In early 2009, when Gold Prices was only about US$800, I mentioned that Gold prices are likely to re-test US$1,000 because of concerns about future inflation. I wrote "Gold Prices might hit record high".

Now, this has already happened. Below is comments from one website on 19 Sep 2009.

 

The declining dollar, central bank purchases, the de-hedging by gold producers and rising inflation expectations served as catalysts for gold bullion’s strength, causing the yellow metal to close above the $1,000 level for the sixth consecutive day on Friday. While gold’s move grabbed the headlines, platinum (+42.5%) and silver (+50.5%) have actually outperformed gold (+13.9%) significantly since the start of the year.

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Dennis Warned About This A Few Months Before Finance Minister...

Written by Dennis Ng on .

Welcome to the 108th Issue of Weekly e-newsletter by www.HousingLoanSG.com This week I like to share with you "Dennis Warned This A few Months before Finance Minister…"

Sometimes when I look back at what I’ve written, it is very interesting. Recently, Tharman (Singapore Finance Minister) and our Prime Minister Lee warned that the global economy might see a “W” shape recovery, something I warned about a few months ago (see below).

 
A few weeks ago I also warned that some condo prices are even higher than year 2007’s peak, and a few days ago, Minister of National Development, Mr Mah Bow Tan, concerned that property prices are rising too fast, stepped in to “cool off the property market”.
 
In Jan 2009, I mentioned that Gold prices (which was about US$800 then), might re-test US$1,000, this actually happened last week.

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