The recent weak performance of equities and lack-lustre IPOs (other than crony companies that we all know of) have made me think twice about investing in the local bourse/equities. Consequently, i have put all my extra cash into boring old fixed deposits. What the hell, I figure that money in the bank/cash at hand is safer even though i would be suffering depreciation from negative real interest in light of the prevailing real inflation rate (the official inflation rate is a joke). The world economy looks very very shaky now and i fear that the shit will hit the fan not long now. China is slowing down, USA is going nowhere, Europe looks ripe for a big old shit-hits-the-fan scenario with the Euro's very existence under threat. I mean look, we never really got out of the Great Recession of 2008, we just printed money and drove up the prices of commodities and when growth didn't come, they (meaning the USA) printed more money. China continued chugging along, but by itself China won't hold up the rest of the world. It doesn't look pretty. So all i'm doing right now is watch as a by-stander and not invest in anything.
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