Worried about inflation?

I see it transmitted to us via the rising property prices. Car prices are rising too but its logic is peculiar to itself because of government control. What is worrying is when people start acting on their inflation expectation. So far there is no goods hoarding. The money is going into financial assets.

One full circle they will discover that the economy is weak and the higher prices aren't justified. Asset bubbles will burst.


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Thermo Pot to Kettle

Switching from a thermo pot to a hotel style kettle usually isn't something worth blogging about. The increase of 12.5% in electricity tariff prompted us to give up out thermo pot. Giving it up represents a long foregone rite of passage for our children - surrendering the milk bottle. When you make milk for babies and toddlers it is very convenient to have a ready supply of hot water. When this need disappears, we continue to enjoy hot water on demand, but having seen how wasteful Dubai was we have become more sensitive about energy use. We like everything to be energy efficient. We started using energy saving light bulbs when we got married more than twenty years ago. Over the years, we have gradually become more energy conscious and that include what we eat too! Eat more than enough, and you have to carry extra baggage everywhere.

HSBC pessimistic

http://www.ft.com/cms/s/0/41c8f48a-b10d-11de-b06b-00144feabdc0.html

HSBC chief fears another downturn soon. Who will join this club. PIMCO felt it even earlier going by their bingeing on government debt, now standing at 44% of their portfolio.

The markets could do s 'W' but the real economy will just be scratching the bottom of the barrel.


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Exit 17? to the Marina Barrage

I am planning/looking forward to taking the family to visit the Marina Barrage. Understand that it has attracted almost half a million visitors so far. It was opened to the public last year but we were living in Dubai then.

Let me see, looks like the best time to visit is early in the morning? When you can see how the morning sun dart among the features of the landscapes?

Viktor Frankl

Victor Frankl's, "Man's Search for Meaning" is going to be quite useful input for producing inspirational flash movies and may be a better way to organize them.


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Tree climbing bougainvilla

I have always wanted to come up close to this tree climbing bougainvilla along Commonwealth Avenue West. I got my chance today but not with my regular camera. I have to be content with my modest Nokia phone camera.

Pen Flipping

That was me flipping my pen against a background of matching color. Used to be able to do this much better when I was in school in the 70s and 80s. Hardly carry a pen these days and so I am quite out of practice. My children told me they don't see anyone in school doing it these days. I wonder when they lost it. Perhaps at one time the schools banned them?