By: La Papillion
This book is very meaningful to me. I remember in 2006, me and a friend just went over to DBS building there to just open a DBS Vickers account together (but not joint). After some time, my friend bought this same book and passed it to me for reading. I browsed a bit and realized that this book is not ‘locally contexted’ and hence dismissed it, saying that it’s not suitable for Singapore.
Who would have guessed that years later, in 2008, I was actually looking around in library for this book? I read and found out big my folly is. The book was written back in 2004 but the prediction and forecast are uncannily accurate. It detailed, among other things:
1. The dollar crisis of America
2. Sub prime crisis
3. Rise of China and India (esp China)
4. Rise in commodities like oil, gold, metals, soyabean, corns
I found it amusingly when the guy predicted that oil will one day rise to USD 100 per barrel. You can guess how much the price of oil overshot this forecast by now. Read more...