The Year of the Snake

He thought it was the radiator hissing!

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KRUGERNATIONAL PARK – SOUTH AFRICA

A billion-plus Asians will welcome “The Year of the Snake” on the 10th February, so with many making financial decisions based on its attributes, it perhaps makes sense to look a little closer at them.

Before we do that, however, let’s take a peak at the near-ending “Year of the Dragon,” in respect of a few prophecies that were made for it at this time last year.

  • The dragon is the most favourable and revered sign in the 12-year Chinese zodiac — a symbol of fortune and power.

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A quick glance at the two main regional stock indices in Asia says,” not bad,” an 8% return in $US terms, albeit that one had to wait until September for Asia X Japan to move into profit and until last month for China.

  • Hong Kong feng shui master, Anthony Cheng, warned of a “scandalous corruption case” that would rock China in the second half of 2012, saying that high-ranking Chinese officials would be forced to step down, thrown behind bars or even die.

Bo Xilai of course comes to mind, the former high-flying Chinese politician whose wife, Gu, was found guilty of murdering UK businessman, Neil Heywood. Bo is awaiting his trial on corruption charges whilst Gu was handed a suspended death sentence.

  • Singapore’s Prime Minister Lee Hsien Loong hoped for a big Dragon Year for babies, calling on the country’s residents to boost a stubbornly low birth rate, in an attempt to reduce the government’s heavy reliance on foreign workers

We will not really know the answer to this one until later this year.

Returning to the Snake, steady progress and attention to detail is predicted for the year and ancient Chinese wisdom says that a Snake in the house is a good omen because it means that your family will not starve.

Perhaps an expansion of the welfare state for China?

The 2013 year of the Snake is Water Snake and its colour is black. Water Snakes are lucky with finances, whilst the black snake will bring people unexpected changes, instability, and changeability, suggesting that it is important to plan everything beforehand, and evaluate adequately before taking any actions. You need to be more careful and cautious than ever.

Whilst the charts for Shanghai and Japanese stock markets look favourable for the next year, an eye should be kept on the”Senkaku island dispute,” and the growing trade friction between these two important economies.

A Chinese horoscope says that we need to create a safe space to work from this 2013 snake year. The Snake likes protection, needs to feel safe and secure to utilise its special analytical skills.

Perhaps that is why that Python is snoozing under the bonnet?

 

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