https://www.scmp.com/rss/10260/feed Gary Biddle is professor of financial accounting at the University of Melbourne and teaches at Columbia University, London Business School and the University of Hong Kong. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com I hope you read my prediction in the Post in February 2020 of a market collapse. It began that day in New York. I further warned that central bankers would “need to raise near-zero interest rates to equip themselves for the next downturn and mitigate distorting effects of low interest rates on real asset values, investments, savings and income equality”. My second prediction is now set to come true. If you need convincing, please consider that I also warned Post readers in July 2007 of a market... https://www.scmp.com/comment/opinion/article/3124323/sell-stock-market-collapsing-after-last-gasp-bull-run?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3124323/sell-stock-market-collapsing-after-last-gasp-bull-run?utm_source=rss_feed Sun, 07 Mar 2021 17:30:08 +0000 In July 2007, the Post published my article with the headline “Get ready for stock market collapse”. Three months later, share prices slid into the abyss of the global financial crisis. I haven’t predicted a market collapse since. I am predicting one now. Back in 2007, signs of a market collapse were evident in overpriced shares, investor complacency, and fast-sprouting hedge funds and brokerage accounts. China was then an emerging economic power with ample debt capacity to cushion the world’s... https://www.scmp.com/comment/opinion/article/3051201/if-slowing-growth-unsound-financial-systems-and-coronavirus-dont?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3051201/if-slowing-growth-unsound-financial-systems-and-coronavirus-dont?utm_source=rss_feed Wed, 19 Feb 2020 17:00:09 +0000 In July 2007, I predicted in this newspaper a stock market collapse. Last year, I warned that the euro zone was structurally untenable, of simmering Middle East tensions, and that the economies of China, Japan and the euro zone would dip. They did. Ahead, expect continuing turmoil spiced by flights to safety, beggar-thy-neighbour policies and monetary stimulus inducing inflation. To appreciate why, let's spin the globe. The euro zone is doomed in its present form. Austerity measures will... https://www.scmp.com/article/989039/beware-wealths-flight-safety-turbulent-2012?utm_source=rss_feed https://www.scmp.com/article/989039/beware-wealths-flight-safety-turbulent-2012?utm_source=rss_feed Sun, 01 Jan 2012 16:00:00 +0000 One year ago, on these pages, I urged Hong Kong to seize a once-in-a-century opportunity to become China's higher-education hub, its Boston. With more than 200 million increasingly prosperous mainlanders reaching college age this decade, most with no siblings, the demand for higher education is unparalleled. With our eight well-developed universities, Hong Kong is perfectly positioned to benefit. Yet the gains go to Australia, Singapore, Britain and the US, not us. As this week's stormy... https://www.scmp.com/article/485251/wise-hong-kong?utm_source=rss_feed https://www.scmp.com/article/485251/wise-hong-kong?utm_source=rss_feed Wed, 12 Jan 2005 16:00:00 +0000 Hong Kong is making vital choices that will lead to impoverishment or prosperity, and we are at risk. Critically, we need to identify our comparative advantages among China's cities, and develop them. Others can speak for tourism, finance and health care. My choice is for Hong Kong to be China's education hub, its Boston. Why? Because in a knowledge-based global economy, living standards depend not on natural resources (witness Africa) or location (we have the internet). Rather, they depend... https://www.scmp.com/article/440302/making-hong-kong-smartest-city-china?utm_source=rss_feed https://www.scmp.com/article/440302/making-hong-kong-smartest-city-china?utm_source=rss_feed Tue, 06 Jan 2004 16:00:00 +0000