I agree with you on your analysis. However, I am less sure about whether the sovereign debt problem in Europe will be clearer a year from now. Although the austerity measures in Europe will reduce the government expenditure, the tax revenue will also fall if the measures lead to an economic contraction, and we are starting to see this in Greece. The problem is that no one can accurately measure the effects of the austerity measures in Europe on the government expenditure and the tax revenue. That being said, I do not see the problem posing any big risks to the stock market as it has largely been priced in, unless the problem worsens unexpectedly in a dramatic manner. For this reason, I believe that world interest rates are more likely to start rising towards the later part of 2014-2016 which you stated. When this happens, hot money will start flowing out of Asia to interest-rate setting countries such as the US and Australia. Therefore, I am preparing to shift my portfolio to Aussie-dollar denominated assets, also in simple and liquid stuff. My preference of Aussie-dollar denominated assets is due to my prediction of a larger appreciation of Aussie dollars. As the world economy picks up, the world demand for resources will rise which will lead to an increase in exports in Australia and hence the demand for Australian dollars resulting in a larger rise in the exchange rate.

Today is the first day of 2013.

I wish everyone here a prosperous year ahead.

I do not recall having any disgruntled discussion with you and from nowhere you sound so offensive. If you find offended by the issue of multiply accounts that only confirm my suspicion.

 

With regard to your pointers there is nothing indigenous from your contributions. Just taking my views and do a 180 degree flip and throw back to me.That is precisely what a frustrated loser would do when running out of rebuttal bullets  and in self denial stage.

As for the clip, I can advise don’t behave like the European dairy farmers. If they are protesting against low milk prices why waste and douse   the European Parliament building as if the milk is so cheap. It is just shooting own foot which is mirroring  the management in concern here. Maybe the milk should douse at Rosesyrup and turned into banDUNG drinks .I wont be caught up with your sweet syrup mongering   on the issues here.I only engaged with positive and balanced minded person.

 

Meantime sitting in the comfort of my room  eating my NTUC FAIRPRICE Belgium conference pear.