Market Review and Trends
Rolf’s View of the World and Singapore’s Economy – The whole world has been leveraging up! (Part 3)
By Rolf Suey - Invest in Yourself  •  August 7, 2016
This post continues from the previous post - Part 1 & Part 2. In my earlier posts, I wrote about the artificial harvest of the past because of the loose monetary policies. In other words, increased borrowings.  In this article, let us take a look at the global financial system of today, where the advanced economies of the world are leveraging up at a rapid rate. Monetary system of the past Since 1971 when the world went off gold standard, it has never been the same. Imagine you held currencies worth US$35 since 1970. Fast forward more than 40 years today, while the paper US$35 currencies are still the same dollar notes, the purchasing power of the currencies have fallen dramatically.  In retrospect, if you bought 1 ounce of gold in 1970 which cost US$35, the dollar value of that ounce of gold is worth US$1,350 at present time. This ......
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By Rolf Suey - Invest in Yourself
I am a Singaporean, born in the late 1970s experiencing mid-life career crisis at time of writing this blog. One reason to start blogging at an older age, is to break my own comfort zone. While it can be considered late, it is "Better Late Than Never" ...
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