A dismal world where oil and currencies are causing havoc

FLASHBACK 15 years to the time when the United States was in the midst of a disruptive digital revolution. By 1999, the country was having a time of its life – gross domestic product (GDP) was up 4% (double the rate of advanced nations) and unemployment was down to 4% (a 30-year low). Foreign capital flowed-in and US dollar and the SandP 500 stock index were up: US stock prices reached 30x earnings; and tech stocks went wild.

1990s all over again?

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , world , economy , currency , outlook , challenges


Next In Business News

Yinson unit enters call option to acquire Netherland-based AFPS
Bursa Malaysia applauds PLCs embracing board gender diversity
Rex Industry to decommission Bukit Minyak factory
Tech shares see biggest-ever weekly inflow on AI boom-BofA
Ringgit higher against US$, regional peers
Gold heads for best week since April on Fed pause bets
Late recovery lifts Bursa Malaysia off intraday low
Bumi Armada assessing solutions to Kraken FPSO shut-in
Rehda: Govt should be responsible for delivery of affordable housing
Lee Yeow Seng redesignated CEO of IOI Properties, Voon Tin Yow to retire on July 1

Others Also Read