the United States

Tong's Portfolio

Why y-o-y real wages in the US may be rising, yet its standard of living may have fallen — a statistical mirage

Surveys routinely show inflation and pessimism over the health of the economy topping the people’s concerns.

Tong's Portfolio

Bonds, not stocks, provide near-term investment opportunities with positive real yields and little risks

In fact, the bond market has already been seeing increasing fund inflows in recent weeks.

Tong's Portfolio

Higher-for-longer interest rates will trigger credit risks ... and recession

Over the coming months, bonds will regain attractiveness.

What's the monetary outlook for US, Japan and Europe?

SINGAPORE (July 28): “Near-term risks to the economic outlook have diminished,” this was the key message in the latest policy statement from the US Federal Reserve, according to OCBC Chief Economist Richard Jerram in his Thursday research report.
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