Dr Bernard Lee, Deputy Director of the Sim Kee Boon Institute for Financial Economics at SMU, attempts a review of five key predictions made at the start of 2010 and how the world has turned out in the final weeks of the year. In general, due to fundamental changes in the economy, there has been a less-than-stellar performance by market strategists this year.
The Indonesian anti-monopoly agency is reportedly set to seize Temasek Holdings' assets in Indonesia to recover an outstanding fine, which the latter was slapped with in 2007 for breaching the country's anti-monopoly laws. Mr Bernard Lee, deputy director at the Singapore Management University's Sim Kee Boon Institute for Financial Economics shares his thoughts.
By looking back at 2010, this article provides a cautionary tale for those indulging in financial predictions for the year ahead, and suggests that common sense and skepticism may be far more trustworthy guides to the 2011 markets models and historical data. The article is written by Dr Bernard Lee, Deputy Director of the Sim Kee Boon Institute for Financial Economics at SMU.
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