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David Gerald
Founder, President & CEO, SIAS
Greetings and best wishes to all members
A lot has happened since my last address. Stock markets around the world were battered in early August because of sudden worries that the US economy might be headed for a hard landing or even a recession. The worry spread to this part of the world with the Straits Times Index plunging more than 4% on 5 August and the Nikkei 225 suffering its worst-ever crash of 12.4% on that day.
Fortunately, markets regained their poise over the following weeks after…
