Ireland is rescued, but I'm still worried, u know why?

[Dennis Ng]

The world heaved a sigh of relief as Ireland is likely to be rescued. However, what I worry is that Portugal may be the next country in Euro zone to be in trouble. Portugal is the 9th largest economy in the world, and the 5th largest in Europe. Thus, if signs of trouble appear in Portugal, it might create a much bigger impact than the recent worries about Ireland.

[johnnytanki]

Seems to me will be never ending....Ireland, Portugal, Spain....

Read that Spain had already entered recession.

http://www.financemarkets.co.uk/2010/11 ... r-bailout/

[Dennis Ng]

Seems to me will be never ending....Ireland, Portugal, Spain....

Read that Spain had already entered recession.

http://www.financemarkets.co.uk/2010/11 ... r-bailout/

yup, they are the PIGS, namely, Greece, Ireland, Portugal and Spain (their weakness is in this sequence).

I'll be having 3 days of Holiday. Probably no time to visit the forum and also no time to look at market, just 3 days spending with family, enjoying and relaxing.

[ctsan1]

The world heaved a sigh of relief as Ireland is likely to be rescued. However, what I worry is that Portugal may be the next country in Euro zone to be in trouble. Portugal is the 9th largest economy in the world, and the 5th largest in Europe. Thus, if signs of trouble appear in Portugal, it might create a much bigger impact than the recent worries about Ireland.

dear Dennis
my understanding is Spain is 9th largest GDP in the world, i think Portugal is about same status as Singapore, around ~40 largest GDP in the world.
Correct me if i am wrong.

[Dennis Ng]

The world heaved a sigh of relief as Ireland is likely to be rescued. However, what I worry is that Portugal may be the next country in Euro zone to be in trouble. Portugal is the 9th largest economy in the world, and the 5th largest in Europe. Thus, if signs of trouble appear in Portugal, it might create a much bigger impact than the recent worries about Ireland.

dear Dennis
my understanding is Spain is 9th largest GDP in the world, i think Portugal is about same status as Singapore, around ~40 largest GDP in the world.
Correct me if i am wrong.

Guess I mixed the info of Spain and Portugal when I searched in the internet. Anyway, after Portugal, Spain is the next weakest country in Euro 16 member countries.

Based on the following (GDP by PPP, ie. purchasing power parity), it seems that you're right, Portugal is about same size (economy) as Singapore:

http://en.wikipedia.org/wiki/List_of_co ... _%28PPP%29

In another list, (Nominal GDP) Portugal is ahead of Singapore:

http://en.wikipedia.org/wiki/List_of_co ... nominal%29

[Dennis Ng]

I posted the following comments on 19 Feb 2010:

http://www.masteryourfinance.com/forum/ ... php?t=1180

What are the Main Risks in year 2010?

Year 2010 is the Tiger year. Past Tiger years are no quiet years, with lots of upheavals......eg. 1974's Oil Crisis, 1986's Singapore's First Recession, 1998's Asian Crisis.....

However, things seem to be Rosy for year 2010, what are some of the main risks in year 2010?

1. China Property Market bubble bursting - prices have been going up, up and up......rumours is that alot of the bank loans given to corporates have been diverted to the Property Market and Stock Market.....if China property market crash in year 2010 or year 2011, it will be negative for HK and S'pore property market as well.

2. U.S. economic recovery might disappoint. Alot of expectations is already priced into the stock markets, if the economic recovery turns out to be worse than expected, the markets might correct further.....

3. Europe. First it was Spain, now Greece, which other country in Europe might shock us with their national debt crisis? Who knows?

And if all 3 turn out to be OK, then year 2010 will be a Huat, Huat year!