Back to bubble days

August 4, 2009 at 12:32 pm Leave a comment

The unrelenting pump-priming by the central banks and fiscal authorities has brought us back to the bubble days.

Property markets in Asia are on a roll, commodity markets are surging again (note that white sugar price has reached a 25 yr high) Stock markets are not doing badly either.

Looks like higher inflation will be around the corner in fewer than 2 years if this carry on ie. central banks and governments continue to maintain loose policies.

Therefore, it is advisable to avoid government bonds. It is too expensive now and a government bond bear secular market is arriving.

Entry filed under: Investing. Tags: .

Temasek- a long term investor? stephen roach is right

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