It's a brand new 2008!!

Cool! We've ushered in the new year for more than 10 days now..The general trend in the equities market's pretty much...what do we call it..."Smoky"..

Oil price's rising...rumours have it that it'll hit at least US$120/barrel before we count down for 2009. Gold price's rising like everyone's afraid that it'll be running out...hee...

(Alright la, not running out..it's more like a good way to keep the "value" of our money ya? Gold's been known to peg to the rate of inflation..)

Rate of Inflation in Singapore. Generally, the old rules of using 3% as annual inflation cannot hold anymore. The value of the money we're holding are deteriorating faster than we can say "WAI~~~~~~~~T!" The CPI (Consumer Price Index) which measures a basket of necessities, and I emphasise, it's NECESSITIES only..which means it excludes common items like body scrups la, restaurant meals la, coffee at different cafes la..which actually signals that the more affluent people who likes to enjoy a bit of the "luxuries" are experiencing an inflation rate of close to 4.5% wor!! Scary...

Oh well, has anyone found out the best way to outdo the excitingly increasing rate of inflation? Wonder whether there are any stocks or ETFs that peg itself to the rate of inflation :P

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Mindless Ramblings.
For leisure reading.
Not for use as basis of any forms of investments.
The author shall not be made liable for any forms of investments or coincidental events by anyone reading the above ramblings
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