Posts

Wolf Money(world market review 17-23 Jan 2022)

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  Chua Tiag Ming Singapore 1931-2003 Chase Circa 1960s-1970s Collection of National Gallery Singapore Market Summary 17-23 Jan 2022 - + US leading economic index Conference Board rose 0.8% in Dec after advancing 0.7% in Nov  + Biden administration raises minimum wage for US federal employees to US$15 an hr  + Fed should recalibrate the support it provides to US economy  + Fed floated the notion of a “digital dollar” to keep up with cryptocurrencies  + Wall St banks expects ‘new normal’ for trading revenue after stellar 2 years  - US reviewing Alibaba cloud business to determine whether it poses risk to US national security  - US 5G internet rollout downscaled as major airlines suspend multiple flights amid safety concerns  + US in talks with Qatar over supplying LNG to EU - US suspends 44 China-bound flights from US by 4 Chinese carriers in response to Chia decision to suspend some US carrier flights over Covid-19 concerns  - US-China flights between the 2 countries in risk of suspensi

Wolf Bargain(Kei Hachi)

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Last week I have the privilege of having a Japanese Omakase(Chef’s selection) arranged by my wife in celebration of my birthday. Now I have the privilege of introducing my readers to one of the most value for money Omakase in Singapore. The Japanese restaurant is located at the start of Keong Saik Street which is famous for a host of other western cafes, bakeries and restaurants. The Japanese restaurant seem like an odd one out. They are the new kid on the block, they are barely 5 months into their opening. (Menu 6898128) It is uncommon to have an omakase meal for less than 130 bucks given the cost of running a Japanese restaurant. Cost of air freighting ingredients from Japan are going through the roof. Cancellation, no show and wastage add to the cost of running an Omakase theme restaurant. The restaurant took it further in term of pricing. The basic menu starts at $68++ for lunch. There are 3 pricing $68, $98 and $128 all before gst and service charge. I call it light, medium and fu

Wolf Money(world market review 10-16 Jan 2022)

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  Light to Night festival now-3 Feb 2022@Civil District               Market Summary 10-16 Jan 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US inflation soared to 7% in Dec, sharpest 12-mth spike in 40 years  - Powell says rate hikes, tighter policy needed to control inflation  - US retail sales dropped by the most in 10 mths of 1.9% in Dec due to shortages of goods and explosion of Covid-19 infections  - Fed’s most important task is to control inflation: Brainard  + US trade with China surges 28.7% to US$755.6bn in 2021  - US aims to end China’s ‘chokehold’ on rare-earth supplies, require dept of Interior n Defence to create “strategic reserve” of rare earth minerals by 2025 - US proved oil reserves slipped 19% over the course of 2020, from 44.2bn barrels to 35.8bn barrels: EIA  + US public political concerns shift from virus to economy: poll  - FAA requires precautions for some Boeing 787 landings after new 5G launches  + Visa announced plans to build a platform for creating and launching centra

Wolf Money(book recommendation)

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  (Contents) “Monopolies Suck”, 7 ways big corporations rule your life and how to take back control by Sally Hubbard is another anti big tech anti big business anti monopoly book. It seem that I am getting into a habit of reviewing corporate demonising, corporate bashing focus genre. Maybe I am always drawn to the same old shelf in the NLB. I promise this will be the last on this topic. To be honest, it is quite depressing reading on this particular subject three times over. The book made Lewis Capaldi’s song seem rather cheerful. What I knew from my past reading as described by the author, big businesses, big tech and monopolies are bad for workers and consumers. It affect us by limiting our choices, our employment and most importantly our free way of life. Here she mention, big tech use algorithms to limit choice for consumers when shopping online. For e.g the biggest online retailer in US gives priority in term of “eyeball sphere” to their own house brand as compare to another compe

Wolf Money(world market review 3-9 Jan 2022) Anniversary post

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  Wee Beng Chong Singapore 1938 Conflict circa 1978 Gift of the Artist  Collection of National Gallery Singapore Market Summary 03-09 Jan 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US added 199,000 nonfarm jobs in Dec, jobless rate dropped to 3.9%, however job growth misses’ expectations + US private sector job growth surges in Dec, added 807,000 jobs to their payroll: ADP - US trade deficit jumped 19.4% to US$80.2bn in Nov on record high goods imports  + US factory orders increase 1.6% in Nov, orders increased 12.9% YoY  - US inflation rate is probably going to spike again: Eco Week  - S&P 500 posts worst start to a year since 2016: Markets Wrap - US record 4.5m ppl quit their jobs in Nov 21 - US set new global daily record of over 1 million Covid infections  + US to offer US$1bn to aiding independent meat and poultry producers, to combat food prices hikes  - Fauci warns of danger of hospitalisation surge in US due to large number of Covi-19 cases  + Wall Street banks set to report record p

Wolf Bargain(Sawadika)

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Dear Officer in Charge, I have a case of good Thai food to report. Kindly assist. No car was overturned in this situation. No paramedics are required at the scene. Yours Sincerely,  Lone Wolf Investor (The always welcoming Thai lady at the door) Case file number 89757 “Crime scene” -Orchard Tower level 3 unit 44. “Partners in Crime” -Brother and Cousin.  “Weapon of choice” - Mouth “Victims”- Delicious Thai Food Description of location and surrounding   My brother, cousin and I were looking for a place for some quick makan(eating) after some serious shopping done in Orchard. My cousin had just flown back from Melbourne after a 2 years hiatus due to covid. She wanted a more local meal. My ramen suggestion was shot down instantly, as both my cousin and brother mention Ramen was better in Melbourne. Oh well majority wins. 🤔 The half dimly lit walkway leading up to the Thai eatery is something like a scene out of the movie Bourne Identity. The Shop is located at a cold corner of level 3. A

Wolf Money(world market review 27 Dec-2 Jan 2022)

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Chen Chong Swee Singapore 1910-1985 Bali Temple Circa 1952 Gift of the Artist’s family  Collection of National Gallery Singapore  Market Summary 27 Dec 2021 – 02 Jan 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US holiday retail sales rise 8.5% from Nov 1 to Dec 24 as online shipping booms  + US jobless claims drop below 200,000  - US trade deficit in goods hits record in Nov as imports surged, exports slipped, widen by 17.5% to US$97.8bn  + S&P 500 ends at record, extending rally amid optimism latest Covid-19 strain will not significantly weigh on growth  - FAA warns travellers may face delays in coming days due to increased number of employees testing positive for Covid-19  + US home prices surge 18.4% in Oct - US adds near-record 497,151 daily virus cases  + US equity funds receive big inflows as investor downgrade Omicron impact: Lipper  - US officials asked AT&T and Verizon to delay introduction of new 5G wireless service over aviation safety concerns  - US thousands of domestic and i