Barely a few weeks before the year ends, more conflicts have occurred. The first bombshell arrived when the South Korean President, for scant reasons, suddenly declared martial law. That caused a major revolt within the government and citizenry, forcing him to retract shortly after. We won't know the real reasons but the damage was already done. There seems to have internal conflicts and such a power move failed miserably. Not long after, Syria's rebel group mounted a coup that fortunately ended quickly without bloodshed. It just adds another layer of uncertainty into the Arab zone. The wider implication is that it foments more worries ahead. There is no peace when people feel insecure. Is this the signal for a coming big reset?
From an investment perspective, things appear stuck at a crossroad. We are anticipating great changes next year due to Trump's incoming. Should we fear another wave of inflation? I decided to lock in a fixed 2.58% home loan for two years and that brought a bit of comfort. The sweet spot would be for interest rates to hover around 3-3.5% so that I could put cash to work. The plan is to earn from the spread and return to the CPF OA housing refund, indirectly repaying the loan partially.
Tip: Lucashof Graburgunder Trocken 2022, pear citrus, white flowers with good acidity
