[Andrew Sheng] Summer bubbles, autumn blues

We never had it so good. The S&P 500 and Nikkei 225 just hit record highs. SpaceX had its spectacular initial public offering, raising an eye-popping $75 billion (the largest IPO in history) with a sharp rise in share price to a mind-blowing valuation of $2.5 trillion. The possibility of a US-Iran deal to reopen the Strait of Hormuz has caused gasoline prices to drop back to below $4 per gallon, or about $1 per liter. Global stock markets are creating wealth for portfolio investors that seems un

By The Korea Herald