Showing posts from August, 2020

A "Waiting" Game

  Time flies, it has been almost 9 months since we registered the first case of Covid-19 in Singapore on 23 Jan 2020, the start of a chain of events that would lead to unprecedented closures and restrictions of movement. World economy suddenly halts and stop which have also lead to “havoc and chaotic” economy and affecting our life.   The world economy plunged into recession, millions of job losses all over the world and thousands of companies been affected and some would have to file for bankruptcy, for those badly affected by the pandemic like “aviation, hospitality “ and to some extent retail industry. The World after Covid-19 is unlikely to return to the world that it was before. Many trends already underway in the global economy and changing our life. This is especially true in the accelerating of the digital economy, things like “ distance learning “, work from home (remote working), telemedicine, food deliveries services will become the new “ digital behaviour “ which transfor

Financial Derivatives are 'Weapons of Mass Destruction"

"WMD = Weapons Of Mass Destruction " ! This might be the reason why Warren Buffett sold all his shares of GS( Goldman Sachs) and reducing his holding in JP Morgan in recent portfolio rebalancing. Warren Buffett still says derivatives are 'weapons of mass destruction'   <> But why is he increasing his stake in BA ( Bank Of America )? This video may give you some ideas or clues.                                                                    <Video Credit: C&K GO!> Further reading : This corner of Wall Street is making a mint for JPMorgan and Goldman as the  stock market tanks. <> "Amid the wreckage in global stock markets this week as panic over the spread of  coronavirus  wiped out  $6 trillion in value , one corner of Wall Street has been making a mint. Equity derivatives desks at  JPMorgan Chase  and  Goldman Sachs  have thrived as a furious correction in U.S. stocks took hold in the past six days, acco
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