Most people ask me to predict the future. Unfortunately even for Zhuge Liang (3 Kingdom), he can only predict 100% accurately in hours/days/months but definitely not years!
However, based on general observation with the news of Prudential-bid for AIA Asia, BP disaster off Louisiana and Germany's impact in European market (not to mention Greek financial tragedy), we are definitely not out of the woods yet since the major money crunch experienced in 2008/2009.
What more - with multiple disasters especially with Iceland volcano's eruption, Louisiana's oil disaster (and on our own backyard, Singapore-Johore oil spill) and lesser felt, Guatemala's Agatha Tropical Storm - created major headaches for the policy-makers and who is to pick up what bills.
Today, as I sit here in the famous red-and-yellow omnipresence McDonald's (what fate is in store for this giant), I read in AFP news, that China's State Council for the Bank's Monetary Policy Committee, that the property woes are more severe than that of US and measures had been taken to prevent the growth of asset bubbles.
So where do we stand tomorrow?
My guess is just as good as yours. After all, Zhuge Liang left us some 1800 years ago.
From Erasmus
