Market Review and Trends
How The Commodity Crash can Lead to Another Financial Crisis
By Xeolyenomics - The Game of Economics  •  October 10, 2015
The 3Q of 2015 has been one of the brutal quarter the world has ever seen since 2011. Global equity markets were down by more than 10% and the Singapore stock is down by 16% for 2015. Two major events occurred during the month of September that made an already depressed financial market even worse. The first event was the highly anticipated US Federal Reserve meeting in which the central banks opted to not to raise the interest rates out of concern of the slowing Chinese economy. The US stock market tumbled on the interpretation that the US Feds were fearful that the US economy is also slowing down. The second major event is a rumoured potential collapse of one of the biggest commodity trading firm in the world: Glencore. The saga started when news of Glencore’s revenue has fallen so low that it can no longer able to service the interest payment of their ......
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By Xeolyenomics - The Game of Economics
Xeolyenomics is essentially a lighthearted blog that talks about my observation about my world, primarily in the world of finance, game design, entrepreneurship and some of the humorous stuff that happened to me ...
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