Tuesday, February 21, 2012

Ah Choo…! Caught a cold! So did the Europeans…

Hi guys, I just got back from Seoul and I’m suffering right now. My throat is sore, my head is aching and I feel like shit. I suppose its part of my job’s many potential hazards. Catching colds, dry skin from the constant different weathers and all makes life all that more interesting. I have been going to Seoul often that my body is starting to complain about the abuse.

The world caught a cold from Greece’s excesses last year. The years of Greeks making a national sport of tax avoidance meant years of deficits and eventually the country has to pay. With the European banks effectively getting bailouts from their governments, the stock markets rallied and guess what! 

We are in the middle of a bull run in case you have not noticed. Asia seems hardly affected by the rest of the world events.

Singapore’s real estate sector seems highly resilient after that the most draconian cooling property measures in the world were imposed on this little island state. I am not that surprised as years of under-building, population boom and low interest rates have all conspired to support prices. This has stumped many junior analysts who have missed the point.

However, what goes up will come down once the dust settles. It is rather interesting times and for those of you who are praying for a crash, I hope you can forgive me if I am dashing your hopes as I simply don’t see it coming. I will reveal more at Asian Titan Trends. See you there. Out of the 500 seats, 400+ are already gone. So make hay while the sun shines!

God Bless and all the best! See you soon.

Your Friend,
Andy Ong