The $23 trillion credit bubble in China
The $23 trillion credit bubble in China is starting to collapse – global financial crisis next? (20 Jan) - Did you know that financial institutions all over the world are warning that we could see a "mega default" on a very prominent high-yield investment product in China on January 31st? We are being told that this could...
Fare hike & breakdowns are inseparable
PTC chairman Gerard EeI disagree with Public Transport Council chairman Gerard Ee's assertion that public transport fare hikes and service reliability are separate issues ("Fair hike and breakdowns are separate issues: PTC"; yesterday). In any transport business, fare increases would not go down well with customers if there...
Singapore’s boom masking a bubble
The world's richest city is home to the new wealthy from India, China, Indonesia, Philippines, Australia and Malaysia. (21 Jan) - In the opulent shopping mall of Singapore’s Marina Bay Sands Hotel, there are queues for the restaurants and the bars have standing room only, while the shops and casino ring with the sound...
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