Warren Buffett “Would Bet Very Heavily Against” a Double-Dip

Warren Buffett says he sees “nothing that indicates any kind of a double-dip” recession is coming, and that he’s seeing improvement and hiring gains in the vast majority of Berkshire Hathaway’s businesses. Buffett also talks about the overall employment situation in this interview with Bloomberg.



http://www.youtube.com/watch?feature=player_embedded&v=nBF6RDMaoTs

Singapore has jumped three places to become the sixth most expensive city

17-June-2011
Singapore has jumped three places to become the sixth most expensive city and third most expensive country in Asia, according to ECA international's latest cost of living survey. The high cost of living in Singapore was explained by the continued strength of the Singapore Dollar against major currencies.

It is now more expensive for international assigned to live in than Hong Kong, New York, Amsterdam, Frankfurt and Shanghai. Good & Services commonly purchased by international assignees now cost almost 3% more in Singapore than in Hong Kong. Just a year ago, they cost 5% more in Hong Kong than Singapore.

The Highest FD interest in Malaysia (26/6/2011) - 4.7%(annual) for 5 years

FD Savings Product(MBSB):-
Exclusive 5

Tenor Months                          Half Yearly Interest% Payment
         60                                              4.70

Product Link :- http://www.mbsb.com.my/deposits_fixed.html
 
Nowadays, interest is increasing. It could be a good idea for those who prefer low risk savings plan to lock the high interest rate at this year before crisis "return". I would recommend this product because it gives the highest interest rate compare to bank.
 
Any Risk?
If you read the MBSB company background, this company is one of subsidary under EPF. I personally think the risk is extremely low unless EPF/KWSP collapse :)
 
 
 
 
 
 
 
 

News : US Dollar Jumped against most of its major counterparts

US Dollar jumped against most of its major counterparts on Thursday. On the US economic front, US Initial Jobless Claims for the week ended June 18th rose more than expected at 429K (415K expected). According to the Commerce Department, new home sales for the period of May fell 2.1% to a seasonally adjusted annual rate of 319.000 (-4% and 310K expected).

News : US Dollar Jumped against most of its major counterparts

US Dollar jumped against most of its major counterparts on Thursday. On the US economic front, US Initial Jobless Claims for the week ended June 18th rose more than expected at 429K (415K expected). According to the Commerce Department, new home sales for the period of May fell 2.1% to a seasonally adjusted annual rate of 319.000 (-4% and 310K expected).

Special Situation Porfolio: Sell Citibank share now

Special Situation Porfolio : Sell Citibank today

The risk is too high to hold citibank. Sold out all positions!



Disclosure: I sold out citibank share @12.48am 25/6/2011

Stock Market Outlook on Second Half

1) Jim Rogers says buy US dollar.
2) NYU Roubini sess a perfect storm in 2013
3) Taleb of the Black Swan sees a 40% correction on the NYSE.

Special Situations - sees bearish turbulence ahead for the global stock markets.