I am fond of saying that I like to read the Business Times for its entertainment value. Cockiness is a dangerous thing anywhere in finance, and truth be told I am really saying these cynical things with a heavy heart – because so LITTLE of the mass of information out there is of any value, and I (we all are) am desperately looking for trading indicators of demonstrable value.
So when today’s BT featured yet another sentiment survey (remember the PMI?) I looked into it with a dim flicker of hope. Please consider GDP growth in Q2 may slow to 6.7%: survey:
...According to regression analyses of survey data, Q2 will see an even lower rate of growth, marking a second quarter of slowdown, Ms Chow said. Singapore’s economy grew 8.3 per cent year-on-year in the first quarter, slowing from 12 per cent growth in Q4 ...