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Greece Problem is really NOT a Big Problem from a Big Picture Perspective

Written by Dennis Ng on .

The financial markets seem to typically "sell first", ask questions later. Yes, Greece is in trouble, (nothing new, we knew this since a few months ago). And yes, maybe even Spain and Portugal might be in trouble.

How would this derail U.S. economic recovery? Below article mentioned that U.S. exports to the WHOLE of Europe only constitutes 2% of U.S. GDP. Thus, from this Big Picture analysis, whatever happens to Greece, Spain and/or Portugal is NOT likely to have a big impact on U.S. economy, and thus unlikely to affect the World significantly.

Since U.S. economy constitutes 24% of the Global Economy, if U.S. is OK, the world will be ok. Despite so much talk about China and India, they currently only contributes to 7% and 2% of the Global economy respectively.

Just remember, Bubbles always Burst, including the China Property Market Bubble...

Written by Dennis Ng on .

In year 2007, I shared my views on Capital Radio 95.8 FM that China stock market was a bubble and likely to Crash, just a matter of time....and that it was dangerously high and I would not buy China stocks or funds then (in year 2007).

The DJ Wang Lee Jeng asked me is there a chance that it might not Crash but just suffer a correction in prices (up to 20% drop is called a correction)...

I said to her and the radio listeners:"I've observed that Bubbles always burst, bubbles do not deflate (correct), so it is just a matter of time, not if."

The same thing is NOW happening to China Property Market. It is a bubble and day by day, it gets bigger.

Relying on CPF Alone Not Enough for Retirement...

Written by Dennis Ng on .

日期: 06/04/2010 来源: 新明日

: 郑凯 ·

研究显示:国人公积金大部分花在住屋 退休金不够用

博士生研究示,国人公金大部分花在住屋,老人退休金不用。(/档案照)

 
本地一名博士生,日前在一项乐龄会上,本地人把大部分的公金存款用在住屋上,当他退休月可以提取出来花的公金款,最多只有退休前薪水的26%,根本不用。
但是,出席研会的社青体部部长维文医生却不同意法。他,大家应该把房产计算在内,因房子是可以出租、出售来套的。
名正在经济学院修博士学位的本地学生做了一研究,发现新加坡人年把68%的公金存款用在住屋上、18%在医上,只剩下14%留退休。
当他65退休后,月可以从公金提出来花的,只有退休前月薪的8%至26%,根本不用。