Posts Tagged shock
Wikipedia: Go (simplified Chinese: 围棋; traditional Chinese: 圍棋; pinyin: wéiqí, Japanese: 囲碁 igo,[nb 2] literal meaning: “encircling game”, Korean: 바둑 baduk[nb 3]) is a board game involving two players that originated in ancient China more than 2,500 years ago. It was considered one of the four essential arts of a cultured Chinese scholar in antiquity. Its earliest written reference dates back to the Confucian Analects. Read the rest of this entry »
Oil prices ditched below USD$50. Oil is the fuel for growth. For consumers, lower oil prices should be a bonanza. Economics 101 dictates that prices for almost anything that requires oil as an input resource should decline if oil price falls. Except for the major oil-producing countries represented in the OPEC, most other countries are nett oil consumers. If the argument holds water, let the world rejoice in 2015. But will depressed oil prices hold on for long or is this just a little temporal dip? Read the rest of this entry »
The joyous sounds of Christmas and year end parties are still ringing all around. Suddenly, the phantom of MH370 comes to roost again. Another Malaysian plane disappeared into thin air just like MH370. This time it is an AirAsia Airbus 320 plane QZ8501 with 162 people on board, mainly Indonesians heading for Singapore from Surabaya, Indonesia. What misfortune has befallen Malaysia! Is Malaysia’s air industry jinx? Or is this sheer coincidence – to have 2 Malaysian planes vanishing into thin air and another shot down all within a year? Read the rest of this entry »
The dollar is well and alive. There is no financial apocalypse. Contrary to many predictions that the dollar is no longer a viable reserve currency and is therefore doomed, the dollar did not die but bounced up against most international currencies. The USD Index climbed above the 85 level after maintaining the 80 psychological level for the last one year. It almost hit an all time high again over the last 5 years. Why does the USD defy financial laws of gravity and continue to soar?