Market crash in 2009: Clemen
May 9th, 2007
Based on Clemen Chiang’s article in today’s Business Times, the global market is heading for a crash in 2009.
He made this claim after analysing US data for “birth peaks” and “spending cycles”.
However, Singapore is prepared to face the downturn, as we have the right investments in the right industries.
How should we invest then? After looking at the local population trends and infrastructure plans, Clemen recommends investing in real estate in the “sub-regional centres” and the “regional centres” during the “market crash”.
I take it to mean that we should buy property in or near central Singapore, at the right time.
Clemen Chiang is the CEO of Freely Business School. He apparently made his millions in options trading and is now conducting seminars and courses to train others.
I wonder why he did not recommend investing in options… (see this very informative discussion on Clemen Chiang’s options trading seminar. And this other thread in Wallstraits forum.)
. reasons are obvious if you scroll down this forum –...
Billy Wong Says:
June 14th, 2007 at 11:12 pm
The ‘analysis’ of his is nothing original. He had basically repeated the original analysis of Harry S. Dent, Jr. the author of ‘The Next Great Bubble Boom’ who predicted the peak spending power of the baby boomer generation through the analysis of demographics.
http://www.hsdent.com/
admin Says:
June 15th, 2007 at 12:20 am
Thanks, Billy. I thought BT should know a thing or two about originality.
Tequila Says:
April 27th, 2008 at 12:16 am
Don’t forget BT is just another PR publication, it needs to sell as wide an appeal as possible
Beware of People who claim to have “Doctorates” | Salary.sg - Your Salary in Singapore Says:
August 30th, 2008 at 2:04 pm
[...] Chiang is also “widely quoted in the local press”, including the Business Times (see example). Given BT’s past record of uncovering at least one case of people who lied / misled about [...]
wealthjourney Says:
February 5th, 2009 at 11:00 pm
If you make predictions often enough, one of these days, you will be proven right.
Kindaichi Says:
February 25th, 2009 at 1:09 pm
Even without his predictions, most of us knows that there will be a financial crisis that occurs every 10 years, though each occur for a different reasons.
You just need to look back at past statistics, there is one major financial crisis happening every 10 years but strangely for a different reason each time.