From the Singapore Straitstimes -
HEDGE funds have been blamed for sending commodity prices skywards but international investor Jim Rogers believes the cause is far simpler - record-low inventories.
Singapore-based Mr Rogers dismissed the argument that prices have been at the mercy of hedge funds making bets on futures markets.
'Prices are going up because inventories are at the lowest they've been in decades. People invest in things that are successful and where fundamental supply and demand is positive,' he said.
'Rice is going up not because hedge funds are pumping money into them; rice is going up because there is no rice.
'Whenever you have a bull market, people will put their money there. That's where the attractive investments are.'
********************************************************************
Despite the world inflation, how is YOUR BUSINES?
It is INCOME that you have to worry about. Strong companies go through boom and bust cycles. One thing is constant, they strive to get MORE business and stay competitive.
Keep track of your business valuation with Profit Wealth today!
Showing posts with label Investing. Show all posts
Showing posts with label Investing. Show all posts
MAS makes drastic move to fight inflation
The MAS said in a statement that oil and food prices were likely to stay high for some time. 'Domestic cost pressures will persist due to short-term capacity constraints in certain segments of the economy,' it added.
Inflation is expected to moderate in the latter half of the year, but experts believe policymakers should consider moves beyond currency strengthening.
'A stronger Singdollar cannot mitigate domestic sources of inflation like higher housing costs, wage costs and road usage costs,' said Standard Chartered Bank economist Alvin Liew.
Inflation or not, you have to pay the IRAS. The good news? They do not have inflation adjusted tax rates!
Filing deadline 15th April 2008
Subscribe to:
Posts (Atom)
