DEBT, DEBT, DEBT!

Date: 2019-07-17
Source: IMF blog

Article 1: https://blogs.imf.org/2018/04/18/bringing-down-high-debt/
Global debt hit a new record high of $164 trillion in 2016, the equivalent of 225 percent of global GDP. 

Article 2: https://blogs.imf.org/2019/01/02/new-data-on-global-debt/
Global debt has reached an all-time high of $184 trillion in nominal terms, the equivalent of 225 percent of GDP in 2017. 

Article 3: https://sg.finance.yahoo.com/news/number-day-global-debt-grows-221006381.html
Global debt grew by $3 trillion in the first quarter of the year to reach $246.5 trillion total, according to a report by the Institute of International Finance cited by Axios. "brought it to nearly 320% of the world's GDP".

From these:

- assume 1.5% interest rate of the debt

- assume GDP's profit(is there such a thing of GDP profit?) is 5%

merely enough to pay back interest, when to claw back the principal amount? more QE, QE, QE!

(借新债还旧债, refunding/refinancing)

A quick update on H1 2019

Date: 2019-07-08

I had spent a lot of time in/out of hospital, elderly home since end of Q1 due to family member's poor health condition.

Not a lot of updates, given very little time and energy to monitor market, read reports etc.

I sold Guocoland(F17) at price of $2.00 recently, and immediately saw the price running away from me and it got to as high as $2.07 on that day. What a poor timing for me, considering the entire holding period of nearly 2Yrs, the return is merely 1.5% about; worse than putting that into a fixed deposit account.

Also I licked my wound on TTJ(K1Q) in Q2, another disgraced investment.

Given my substantial holding in STI ETF(ES3), and a pretty good return of STI index in H1 2019, overall it helps spare my blushes.

Good surprises came too, due mainly to Capitaland and Ascendas' various corporation action/consolidation.

Looking fwd to 2nd half the year.