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TES’s MYIF: There will be a recession and the market’s troubles are not over

Goola Warden
Goola Warden • 13 min read
TES’s MYIF: There will be a recession and the market’s troubles are not over
Second from left, Leonard Eng, TD Ameritrade, Charlie Chan, Charlie Chan Capital Partners, Vishnu Varathan, Mizuho Bank
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On May 27, The Edge Singapore featured three experts in their field as speakers during The Edge Singapore’s (TES) Mid-Year Investment Forum (MYIF), sponsored by TD Ameritrade.

The first speaker of the morning was Leonard Eng, Trade Desk Manager, TD Ameritrade Singapore. His topic was “Taking stock of the interest rate cycle”. Eng was followed by Vishnu Varathan, head of economics and strategy, Mizuho Bank, whose topic was “Will there be a recession?” Since the short answer is yes, Varathan widened his presentation to include why China is likely to be no White Knight for our region, and that has been borne out by the latest PMI data out of China.

The third speaker was Charlie Chan, CEO of Charlie Chan Partners and a well-known activist investor in Singapore. His topic was “Are the market's troubles over?” Here, the short answer is no, and he explains why.

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