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Top Reads this Week (11 Oct)
By Financial Horse  •  October 11, 2020
Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. Singapore gains 3 more billionaires amid Covid-19, as ‘crazy rich’ Asia keeps top spot globally: Report (Straits Times) Singapore has a total of 25 billionaires – four emerged since the last survey, but one dropped off the ranks from April to July this year. Total billionaire wealth here grew by 11 per cent, reaching US$79.1 billion in April. But from April to July, it bounced 30 per cent to US$102.6 billion. This trend is in line with a V-shaped rebound in global stock markets from April to July that propelled billionaire wealth to a new high of US$10.2 trillion. Singapore’s overall unemployment rate in August climbs past global financial crisis’ high (CNA) Overall unemployment rate climbed to 3.4% in August, and it “remains to be...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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