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The wake-up call is rude, and it is probably not finished yet. Markets are tumbling at the fastest pace I have seen in my life, and because of what? Short-term greed and ill-conceived incentives based on taking the money immediately, running with it and leaving the pieces to the investors. |
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A follow-up on "What's Wrong with Silicon Valley" in the Business Week, January 12th edition.
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 | The first 100 days of a CEO’s reign is usually a ‘honeymoon’ period as investors and analysts obligingly wait for new plans to be laid-out. But having only been appointed as Jurong Technologies Industrial Corp’s (Jurtech) new president and CEO on November 12 2007, Cheang Chee Ming cannot afford to rest on the goodwill for too long. Not when the first nine months of 2007 saw a 21.3 per cent and 23.8 per cent slide in the group’s revenue and earnings respectively from the last corresponding period. It is an open secret that Jurtech has suffered the impact of Motorola’s handset woes. As one of three approved suppliers for the second largest mobile phone maker in the U.S, Motorola has contributed significantly to Jurtech’s turnover in recent years and accounted for more than 60 per cent of its revenue in the third quarter. |
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Often these days, I hear people saying that the real estate bubble was created by Greenspan. I wonder where they got this idea from, because it sounds like finding the perfect scapegoat for excesses that not only bankers created, consumers were speculating on real estate, hence fuelling price increases. When consumers buy properties by taking mortgages they cannot afford while expecting to sell the property after one year for nice profit are simply trying to make money out of thin air. This sounds very much like a bubble to me, and we all know bubble do not last. So, what happened? |
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Performing a simulation for the future using returns of 7% to 8% shows a smooth graph, but how would my savings look like if I used the real past performance of the stock market? |
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