February 7, 2013
International Financial Reporting Standards: Why Convergence is Important to Investors
For those having investable wealth, there is a wide range of opportunities from which to select, including real assets such as commercial property and an array of financial products, ranging from basic instruments such as stocks and bonds to the now somewhat tainted derivative products such as asset-backed loans. Many commentators believe the market…
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POSTED BY
Barry Jay Epstein, Ph.D., CPA
February 7, 2013
Technical Recession or Recession?
As in 2008/2009, Singapore is reeling into a recession – factory output shrank 2.20% in August as compared to the corresponding period. electronics sector shrank by 7.3% and transport engineering shrank by 20.1%. Whilst the slowdown is widely expected, the steep fall caught many by surprise. The writer is of the view that recession is…
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