Things That Make You Go HMMM

A Walk Around The Fringes Of Finance

Grant Williams, Things that make you go HmmmMuch to his chagrin, Grant Williams has reached 30 years in finance.

Over that period, he has held senior positions at a number of investment banks and brokers in locations as diverse as London, Tokyo, New York, Hong Kong, Sydney and Singapore.

Grant is portfolio and strategy advisor to Vulpes Investment Management in Singapore and also one of the founders of Real Vision Television — an online, on-demand finance channel showcasing the brightest minds in finance.

A regular speaker at investment conferences across the globe, Grant blends history and humour with keen financial insight to produce unique presentations which have been enthusiastically received by audiences everywhere.

From humble beginnings in 2009, Things That Make You Go Hmmm... has grown to become one of the most popular and widely-read financial publications in the world.

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I believe that the financial excesses of the 1980s reached such a scale that the 1990 recession was inevitable.... At the end of the 1980s expansion, the Australian economy was overstretched in a number of ways.

The country was therefore extremely vulnerable to any contractionary shock to the economy itself or to confidence. The shock duly came in the form of the international recession of the early 1990s.

Why did all these countries have a recession in 1990? There are two main reasons.
First, any boom built on rising asset prices financed by increased borrowing has to end.

The further asset prices rise above their intrinsic value, the more likely it is that a reassessment will be made and they will stop rising. At this point, there is a “rush for the exits”, as everyone wants to sell before prices fall... Read more