Dont want, ur rolex too ex for me already hahaAiyah, i dont open shop , you can buy from me too.
Cheaper even without overheads
Or is it better to dun kp cash but also the crash will come??Keep cash and wait for crash to come? We are assuming Sing dollar won't de-value.
Dont want, ur rolex too ex for me already haha
You are really prata man.
Say want to buy, then i say i sell you, you say dont want to buy becos expensive....
Wah lau.....
He wish you gift himYou are really prata man.
Say want to buy, then i say i sell you, you say dont want to buy becos expensive....
Wah lau.....
U read my mind well, if he open shop i would ask 30% disc hahaHe wish you gift him
Unless u sell me cheap cheap ur gold daytona or even as gift i also dont mindYou are really prata man.
Say want to buy, then i say i sell you, you say dont want to buy becos expensive....
Wah lau.....
HUAT AH HUAT AH!!!
The top bid is 47.4 per cent higher than the second-best bid of S$969.3 million from a Far East Organisation-led consortium, with the other three bids of S$930 million, S$875 million and S$704.5 million coming from Zenlead Investments, Sim Lian and Yorkshire respectively.
aren't all new project is based on future price where the project will only be completed in 4 years (minimum)
The top bid from North Gem Development and FC North Gem Trustee works out to S$1,077 per sq ft per plot ratio.
http://www.todayonli...te-stuns-market
HUAT AH HUAT AH!!!
The top bid is 47.4 per cent higher than the second-best bid of S$969.3 million from a Far East Organisation-led consortium, with the other three bids of S$930 million, S$875 million and S$704.5 million coming from Zenlead Investments, Sim Lian and Yorkshire respectively.
but it going to be made from LEGO
Buy high lor, recently bout a unit and down 60%the very same ppl who advocate crash then buy are unlikely to buy. Say all they want but when your job is at stake, you're unlikely to do anything.
That's why there's this saying. High, u don't buy. Low, you also don't buy. When u want to buy?
Monthly installment less than 2k
Happy happy dont need to think much about crash
Why ur news late by 2 page? Lolhttp://www.todayonli...te-stuns-market
HUAT AH HUAT AH!!!
The top bid is 47.4 per cent higher than the second-best bid of S$969.3 million from a Far East Organisation-led consortium, with the other three bids of S$930 million, S$875 million and S$704.5 million coming from Zenlead Investments, Sim Lian and Yorkshire respectively.
Huat huat huat de laaaaa
ehh ... i thought i read somewhere that the cooling measure deter developer to sell their project early based on "future price" or this only applicable to EC?
aren't all new project is based on future price where the project will only be completed in 4 years (minimum)
Govt is the best salesman.
USA is recovering?? Don't think so.
http://www.businessi...art-ever-2013-9
http://www.calculate...00-jobs-73.html
Edited by Yewheng, 07 September 2013 - 08:44 AM.
Not trying to scare you all, but those who is still not convinced. Here's the truth.
USA is recovering?? Don't think so.
http://www.businessi...art-ever-2013-9
http://www.calculate...00-jobs-73.html
schiff is a good keynesian economist but not such a good timer.
schiff is a good
keynesianeconomist but not such a good timer.
YA, but he is speaking the truth, really respect him.
Edited by Yewheng, 07 September 2013 - 08:53 AM.
Hi dude, i really really dont know yet, honestly.
Really like Hawaii main island.
A very decent 5000sft landed house fronting the Pacific Ocean can be had for usd1.5mil
Just 30 mins drive from Honolulu and Waikiki.
I have been there a couple of times over the last 25yrs and the vibes are great.
Not the cheapest place, however i like it as it is pretty efficient yet easy going.
Even if i do it, it will only be a holiday home.
My heart is still here as it is.
Ok means more money printingNot trying to scare you all, but those who is still not convinced. Here's the truth.
USA is recovering?? Don't think so.
http://www.businessi...art-ever-2013-9
http://www.calculate...00-jobs-73.html
Ok means more money printing
It all boils down to its military strength. Military prowess has always been, and will always be, the key determinant of a country's dominance in the world.
The planned/orchestrated crash-and-recovery of the US economy is just one small part of the bigger script. Without the downs (which the big boys also make money from), where would the ups come from?
The same applies to Asia so we better be prepared for something big coming our way.
Not trying to scare you all, but those who is still not convinced. Here's the truth.
USA is recovering?? Don't think so.
http://www.businessi...art-ever-2013-9
http://www.calculate...00-jobs-73.html
The entire monetary system today is fraught with financial wizardry and sleight-of-hand in any case; how does the USD retain its relative strength when the country is close to the bottom of the barrel in terms of its huge borrowings and economic problems?
It all boils down to its military strength. Military prowess has always been, and will always be, the key determinant of a country's dominance in the world.
The planned/orchestrated crash-and-recovery of the US economy is just one small part of the bigger script. Without the downs (which the big boys also make money from), where would the ups come from?
The same applies to Asia so we better be prepared for something big coming our way.
Conspiracy theory.... I do sense something big coming, anyway, we need a crisis to make money every few years. This one may however hurt more people due to debt build up over the last few years. The good times can't last forever.
With the largest and most powerful military in the world, noone will pull their lines, at least not in the next 10 to 20 years. While we have international laws and UN... when push comes to shove, the guy with the bigger gun will win, that is the reality.
US don't care about the impact QE has on Asia, so if they need to stop the printing press and pull money out of the system, they would, you die, your problem.
India is teetering on the edge. The new RBI chief has the next two weeks to perform. If he fails, the shorts will come fast and furious. The only saving grace this moment would be the BRICS Forex pact. However the technical difficulties make that ineffective in the meanwhile. If India cannot be defended, it will be the trigger for the next Asian Financial Crisis.
Indonesia is the next favourite target for the shortsellers. With or without India, Indonesia is going to be hard-hit. In 1997, it fell after Thailand. This time around, it may be the first or follow India should the take-down succeed.
It is time to bunker down. Those with loans need to lock in their borrowing rates for at least the next three years to weather the storm. Interest rates will rise rapidly once the whole thing starts. Asset prices will dip with urgency. SGD, along with the rest of the Asian currencies, will weaken significantly. Hopefully SGD does not play catch up with the rest of the Asian currencies.
Look to the US (and Europe within the next six months) to hedge using your excess funds.
The massive debt build up during the US bubbly years have been written off, reduced and or moved onto the govt books, this has allowed consumer spending to gradually recover and the economy to grow (US economy is largely dependent on consumers). The govt debt overhang (it is still not at the highest level historically) can then be winded down gradually as revenue grows. It is the economy, stupid.
With the largest and most powerful military in the world, noone will pull their lines, at least not in the next 10 to 20 years. While we have international laws and UN... when push comes to shove, the guy with the bigger gun will win, that is the reality.
US don't care about the impact QE has on Asia, so if they need to stop the printing press and pull money out of the system, they would, you die, your problem.
Edited by OmOm, 07 September 2013 - 12:17 PM.
Personally, I think usa, just dic king with everyone, tell world will qe then short the market after that , hey, we are not able to qe cos still in deep sh it
The entire monetary system today is fraught with financial wizardry and sleight-of-hand in any case; how does the USD retain its relative strength when the country is close to the bottom of the barrel in terms of its huge borrowings and economic problems?
It all boils down to its military strength. Military prowess has always been, and will always be, the key determinant of a country's dominance in the world.
The planned/orchestrated crash-and-recovery of the US economy is just one small part of the bigger script. Without the downs (which the big boys also make money from), where would the ups come from?
The same applies to Asia so we better be prepared for something big coming our way.
I concur with you observation on the engineered meltdown
US bankers have a lot of historical memory in tweaking the money system to their advantage
when Nixon drop the gold standard in 1971, Kissinger with his art of diplomancy. convice the Saud royal household, leader of OPEC to price oil in USD in 1973, considering a few months eariler US had just backed Israel in the Yom Kippur war against the Arabs...
then US started to distance themselves from the Shah of Iran, evetually leading to his overthrow by the fundementalists
Pricing oil in USD wasn't enough to stabalise the dollar, what they do... put Paul Volcker as the Fed chief, and hike interest rate to 20% in the name of fighting inflation...
When the Japanese caught up in industrial might with the Americans, convince the Japan US business council to push the Lourve and Plaza accords which sow the seeds for the property bubble burst in Japan...
don't underestimate the US financial wizardy
after witnessing the US Fed power to print, you seriously think Lehman need to collapse meh?
Edited by Goldbug, 07 September 2013 - 12:54 PM.
Thus Asia has to fall in order for the US to buy herself more time and the war with Syria is not without its purpose.
I concur with you observation on the engineered meltdown
US bankers have a lot of historical memory in tweaking the money system to their advantage
when Nixon drop the gold standard in 1971, Kissinger with his art of diplomancy. convice the Saud royal household, leader of OPEC to price oil in USD in 1973, considering a few months eariler US had just backed Israel in the Yom Kippur war against the Arabs...
then US started to distance themselves from the Shah of Iran, evetually leading to his overthrow by the fundementalists
Pricing oil in USD wasn't enough to stabalise the dollar, what they do... put Paul Volcker as the Fed chief, and hike interest rate to 20% in the name of fighting inflation...
When the Japanese caught up in industrial might with the Americans, convince the Japan US business council to push the Lourve and Plaza accords which sow the seeds for the property bubble burst in Japan...
don't underestimate the US financial wizardy
after witnessing the US Fed power to print, you seriously think Lehman need to collapse meh?
Yes, and with more countries moving away from USD and starting to price their trades in their own currencies (e.g. China and Russia, China and Australia), the US is hard-pressed to implement new strategies/means of preserving the relevance of the USD.
Thus Asia has to fall in order for the US to buy herself more time and the war with Syria is not without its purpose.
like I said earlier
when Saddam price Iraqi oil in Euros in 2000, 2003 he was toppled
when BRIC met to discuss displacing the USD with Euros in 2009, Eurozone debt crisis broke out
now is time to settle scores with BRICs with financial warfare
no $1500 psf no talk
huat ah !
The world belongs to the wall street bankers. Crash also they party. Damn shiokYes, and with more countries moving away from USD and starting to price their trades in their own currencies (e.g. China and Russia, China and Australia), the US is hard-pressed to implement new strategies/means of preserving the relevance of the USD.
Thus Asia has to fall in order for the US to buy herself more time and the war with Syria is not without its purpose.
stock market up ... make a kill
stock market down ... make a greater kill (bet against customer)
The world belongs to the wall street bankers. Crash also they party. Damn shiok
schiff is a good keynesian economist but not such a good timer.
Peter schiff is not an economist. He is a fund manager/financial analyst/commentator and an Austrian school follower.
noob here...but all along aren't we're in good hands, or is it a red pill blue pill situation?
SG Central Bank lost 87% GDP fighting Bernanke
September 3, 2013
Singapore
A few months ago, the Monetary Authority of Singapore (MAS), the country?s central bank, released its annual report for the fiscal year ending 31 March 2013.
And the results were ?shocking?, at least for those of us who read central bank annual reports cover to cover like a Harry Potter novel.
The bottom line for MAS showed a mind-boggling S$10.2 BILLION loss (roughly $8 billion USD), about as much as General Motors lost in its worst year.
This is the antithesis of what one would expect from Asia?s dominant financial center. And it begs the question? how can a central bank, which has the power to conjure money out of thin air, even suffer a loss, let alone such a heavy one?
Simple. MAS was desperately trying to hold back the Singapore dollar?s rise against the US dollar.
Because Singapore is a trade-based economy and the US dollar is so central in international trade as the world?s reserve currency, MAS has been trying to keep the Singapore dollar somewhat restrained vs. the US dollar.
Essentially MAS was buying US dollars and then intentionally selling them at a lower price in order to create artificial demand for US dollars.
This was a completely failed strategy.
Singapore?s ultra-healthy economy attracts investment from around the world, and the natural tendency is for the Singapore dollar to rise.
This rise has been even more pronounced given Ben Bernanke?s journey into monetary madness over the last several years.
Since 2008, the Singapore dollar steadily appreciated by more than 20% from peak to trough as investors sought a more stable currency alternative. After all, Singapore is a very strong, growing economy with zero net debt.
Because of these factors, MAS lost a prodigious sum trying to prevent its currency?s natural rise; the S$10.2 billion they lost constitutes roughly 3% of GDP.
In fact, Singapore?s economy only grew by S$11.5 billion from 2012-2013? so MAS managed to blow through 87% of the country?s economic growth last year fighting Ben Bernanke. Crazy.
This is something that is clearly not sustainable. And while that term is a bit overused today, such losses cannot continue indefinitely.
A central bank CAN go bankrupt, often creating a major currency crisis. And this is what suggests to me, above all else, that the fiat system is on the way out.
Fiat currency has been the greatest monetary experiment in the history of the world. Four men control over 70% of the world?s money supply, giving them control over the price of? everything.
And this system is so absurd that, healthy nations like Singapore are forced to lose billions in order to keep playing the game.
That?s exactly what it is? a game. Like most nations, Singapore has been playing this game for decades while the US changes the rules whenever it sees fit.
And it?s becoming obvious that the cost of playing is now far exceeding the benefit it receives. The hard numbers are very clear on this point.
This spells one inexorable conclusion: game over.
More specifically, this means a dramatic decline in the US dollar?s role as the global reserve currency in the next few years.
And this has far-reaching implications.
Sometimes i wonder they always say US crash, then y dun they just migrate? After all, guys like Schiff should be quite loaded and he makes money by talking doomPeter schiff is not an economist. He is a fund manager/financial analyst/commentator and an Austrian school follower.
folks, i just got this from a friend.. seems to be in-line with some bros here have been suggesting?
noob here...but all along aren't we're in good hands, or is it a red pill blue pill situation?
SG Central Bank lost 87% GDP fighting Bernanke
September 3, 2013
Singapore
A few months ago, the Monetary Authority of Singapore (MAS), the country?s central bank, released its annual report for the fiscal year ending 31 March 2013.
And the results were ?shocking?, at least for those of us who read central bank annual reports cover to cover like a Harry Potter novel.
The bottom line for MAS showed a mind-boggling S$10.2 BILLION loss (roughly $8 billion USD), about as much as General Motors lost in its worst year.
This is the antithesis of what one would expect from Asia?s dominant financial center. And it begs the question? how can a central bank, which has the power to conjure money out of thin air, even suffer a loss, let alone such a heavy one?
Simple. MAS was desperately trying to hold back the Singapore dollar?s rise against the US dollar.
Because Singapore is a trade-based economy and the US dollar is so central in international trade as the world?s reserve currency, MAS has been trying to keep the Singapore dollar somewhat restrained vs. the US dollar.
Essentially MAS was buying US dollars and then intentionally selling them at a lower price in order to create artificial demand for US dollars.
This was a completely failed strategy.
Singapore?s ultra-healthy economy attracts investment from around the world, and the natural tendency is for the Singapore dollar to rise.
This rise has been even more pronounced given Ben Bernanke?s journey into monetary madness over the last several years.
Since 2008, the Singapore dollar steadily appreciated by more than 20% from peak to trough as investors sought a more stable currency alternative. After all, Singapore is a very strong, growing economy with zero net debt.
Because of these factors, MAS lost a prodigious sum trying to prevent its currency?s natural rise; the S$10.2 billion they lost constitutes roughly 3% of GDP.
In fact, Singapore?s economy only grew by S$11.5 billion from 2012-2013? so MAS managed to blow through 87% of the country?s economic growth last year fighting Ben Bernanke. Crazy.
This is something that is clearly not sustainable. And while that term is a bit overused today, such losses cannot continue indefinitely.
A central bank CAN go bankrupt, often creating a major currency crisis. And this is what suggests to me, above all else, that the fiat system is on the way out.
Fiat currency has been the greatest monetary experiment in the history of the world. Four men control over 70% of the world?s money supply, giving them control over the price of? everything.
And this system is so absurd that, healthy nations like Singapore are forced to lose billions in order to keep playing the game.
That?s exactly what it is? a game. Like most nations, Singapore has been playing this game for decades while the US changes the rules whenever it sees fit.
And it?s becoming obvious that the cost of playing is now far exceeding the benefit it receives. The hard numbers are very clear on this point.
This spells one inexorable conclusion: game over.
More specifically, this means a dramatic decline in the US dollar?s role as the global reserve currency in the next few years.
And this has far-reaching implications.
Our institutions always like tat. That time dunno who bot citigroup also crash. Its like watever they buy, i should also buy put options
Our institutions always like tat. That time dunno who bot citigroup also crash. Its like watever they buy, i should also buy put options
I thought we very kawan with the US, how come no one pre empt MAS that US going to do tapering?
I thought we very kawan with the US, how come no one pre empt MAS that US going to do tapering?
coz US is out to fark everyone out there w $$$. they make us lose $$ so they can dominate us again. Cmon NSA has monitoring all our emails liao how can we out fox them? Anonymous VPN? Dont thk G!C so smart
coz US is out to fark everyone out there w $$$. they make us lose $$ so they can dominate us again. Cmon NSA has monitoring all our emails liao how can we out fox them? Anonymous VPN? Dont thk G!C so smart
maybe the American rich moving their money to our shores make us one of their targets for destablising???
In fact, Singapore?s economy only grew by S$11.5 billion from 2012-2013? so MAS managed to blow through 87% of the country?s economic growth last year fighting Ben Bernanke. Crazy.
This is something that is clearly not sustainable. And while that term is a bit overused today, such losses cannot continue indefinitely.
A central bank CAN go bankrupt, often creating a major currency crisis. And this is what suggests to me, above all else, that the fiat system is on the way out.
we die first before they do ah?
i think in another thread someone mentioned sgd is still the better currency to hold on to.. now how? usd? or gold (goldbug will say certainly yes
.. but pls be serious about it k?) it's not good to be caught with pants down..In fact, Singapore?s economy only grew by S$11.5 billion from 2012-2013? so MAS managed to blow through 87% of the country?s economic growth last year fighting Ben Bernanke. Crazy.
This is something that is clearly not sustainable. And while that term is a bit overused today, such losses cannot continue indefinitely.
A central bank CAN go bankrupt, often creating a major currency crisis. And this is what suggests to me, above all else, that the fiat system is on the way out.
we die first before they do ah?
i think in another thread someone mentioned sgd is still the better currency to hold on to.. now how? usd? or gold (goldbug will say certainly yes
.. but pls be serious about it k?) it's not good to be caught with pants down..Hold rmb best, China FTW
In fact, Singapore?s economy only grew by S$11.5 billion from 2012-2013? so MAS managed to blow through 87% of the country?s economic growth last year fighting Ben Bernanke. Crazy.
This is something that is clearly not sustainable. And while that term is a bit overused today, such losses cannot continue indefinitely.
A central bank CAN go bankrupt, often creating a major currency crisis. And this is what suggests to me, above all else, that the fiat system is on the way out.
we die first before they do ah?
i think in another thread someone mentioned sgd is still the better currency to hold on to.. now how? usd? or gold (goldbug will say certainly yes
.. but pls be serious about it k?) it's not good to be caught with pants down..wah lau how can you pre judge me....
so far I never advocate buying gold
I don't think the fiat money system is going away any time soon,
is money created by legal fiction, can expand/contract at will
and charge interest for borrowing it, unless there is a global movement that target bankers,
I doubt it's going away any time soon
Edited by Goldbug, 07 September 2013 - 07:26 PM.
The $10 billion loss was in the press in July. This was a unrealized loss, just a snapshot at a point in time.
And MAS would not have only held on to one currency only even if other currencies were weakening against the Singapore dollar.
In simple words, if you changed S$1000 a few months ago to ringgit, you would have RM$2450. If you did not spend the ringgit and wanted to change it today back to Singapore dollars, you would get back only about S$953. (.57). So you would have 'lost S$47'
But you would not change it back as you will spend it in Malaysia or keep for the future to gamble in Genting or go for massage in JB. So you did not really lose anything.
------------
MAS posts S$10b net loss as Singapore dollar soars | TODAYonline
SINGAPORE ? The Republic?s central bank posted a S$10.61 billion net loss in its last fiscal year as the local dollar?s gains against the yen and euro diminished the value of its foreign currency holdings.
The Monetary Authority of Singapore (MAS) also said the city-state?s economy will ?comfortably? meet the official growth forecast of 1-3 per cent for 2013, while inflation for the full year is expected to come in at 2-3 per cent, lower than the earlier estimate of 3-4 per cent.
MAS?s loss for the financial year ended March 2013, its second in three years, was just slightly below the record S$10.9 billion deficit incurred in financial year 2010/11 when the Singapore dollar also soared.
MAS made a net profit of S$2.77 billion in FY2011/12.
?We made good investment returns, but when measured in Singapore dollars these gains were more than offset by the strength of the currency,? managing director Ravi Menon said today (July 23) at a press briefing for the release of the central bank?s annual report.
The Singapore dollar gained 13.8 per cent against the yen and 6.2 per cent against the euro in the 12 months to March, the MAS said. During the same period, the Singapore dollar rose 5.1 per cent versus the British pound and 1.3 per cent against the dollar.
The central bank had total assets of S$340.4 billion as at end-March 2013, up from S$319.2 billion at the end of the previous financial year.
Please don't depend on MCF alone for news. Reading one story does not convey the actual story.
The $10 billion loss was in the press in July. This was a unrealized loss, just a snapshot at a point in time.
And MAS would not have only held on to one currency only even if other currencies were weakening against the Singapore dollar.
In simple words, if you changed S$1000 a few months ago to ringgit, you would have RM$2450. If you did not spend the ringgit and wanted to change it today back to Singapore dollars, you would get back only about S$953. (.57). So you would have 'lost S$47'
But you would not change it back as you will spend it in Malaysia or keep for the future to gamble in Genting or go for massage in JB. So you did not really lose anything.
------------
MAS posts S$10b net loss as Singapore dollar soars | TODAYonline
SINGAPORE ? The Republic?s central bank posted a S$10.61 billion net loss in its last fiscal year as the local dollar?s gains against the yen and euro diminished the value of its foreign currency holdings.
The Monetary Authority of Singapore (MAS) also said the city-state?s economy will ?comfortably? meet the official growth forecast of 1-3 per cent for 2013, while inflation for the full year is expected to come in at 2-3 per cent, lower than the earlier estimate of 3-4 per cent.
MAS?s loss for the financial year ended March 2013, its second in three years, was just slightly below the record S$10.9 billion deficit incurred in financial year 2010/11 when the Singapore dollar also soared.
MAS made a net profit of S$2.77 billion in FY2011/12.
?We made good investment returns, but when measured in Singapore dollars these gains were more than offset by the strength of the currency,? managing director Ravi Menon said today (July 23) at a press briefing for the release of the central bank?s annual report.
The Singapore dollar gained 13.8 per cent against the yen and 6.2 per cent against the euro in the 12 months to March, the MAS said. During the same period, the Singapore dollar rose 5.1 per cent versus the British pound and 1.3 per cent against the dollar.
The central bank had total assets of S$340.4 billion as at end-March 2013, up from S$319.2 billion at the end of the previous financial year.
Exposed to exchange rate risk. So government even more need to look at future outlook of other country currencies. Cannot say earn profit but when convert back to SGD = make a loss. Public will not accept it, a loss is a loss ( no excuses ) .
Edited by Yewheng, 07 September 2013 - 07:40 PM.
For an investor, a loss IS a loss no doubt
For a Central Bank, things are different
Firstly read MAS explanation of Singapores currency policy
--------
Box Item 1: Features of Singapore's Exchange Rate System
Since 1981, monetary policy in Singapore has been centred on the management of the exchange rate. The primary objective has been to promote price stability as a sound basis for sustainable economic growth. There are four main features of the exchange rate system in Singapore.
First, the Singapore dollar is managed against a basket of currencies of our major trading partners and competitors. The various currencies are given different degrees of importance, or weights, depending on the extent of our trade dependence with that particular country. The composition of the basket is revised periodically to take into account changes in Singapore's trade patterns.
Edited by Aventador, 07 September 2013 - 09:07 PM.
But briefly,
There are other reasons besides trading gains/losses over a short term for their policies
Even IF they were traders, no sane person would put all their funds in one or two currencies that they think might go up (and the amounts of money involved would preclude this also)
High growth currencies could be in volatile countries and that is not a game for a Central Bank to play. So there is a limit to what currencies we can store our funds in.
---
Ok explanation over , now you can revert back to f--king the PAP and telling everyone Government no good and lost all our CPF money.
Tharman was selected to be Chairman of the IMF policy committee, but I am sure he is very stupid compared to all the potential Central Bankers here in MCF
Edited by Aventador, 07 September 2013 - 09:25 PM.
saw the news that buyers at shoroom commented condo price down liao compare to a couple of months ago ...
some even shout sibei cheap ar ... lol
Edited by Wt_know, 07 September 2013 - 10:23 PM.
Rather hold sgdHold rmb best, China FTW
today is the 1st weekend after 7th month ...
saw the news that buyers at shoroom commented condo price down liao compare to a couple of months ago ...
some even shout sibei cheap ar ... lol
Xing ka PO Lang is must win can't lose face one
Shout shout loud , but hand shaky, unable to put autograph
No Cheque No Talk!Xing ka PO Lang is must win can't lose face one
Shout shout loud , but hand shaky, unable to put autograph
No Cheque No Talk!
To some, talk is really free
Bla bla bla, no need cum out moany one
What? Cheque?No Cheque No Talk!
In God we trust, the rest please pay cash.
Hold rmb best, China FTW
Thought China is one of the usa's biggest debtor nation?
Also tio pwned gao gao by them.. buay sai lah...
wah lau how can you pre judge me....
so far I never advocate buying gold
I don't think the fiat money system is going away any time soon,
is money created by legal fiction, can expand/contract at will
and charge interest for borrowing it, unless there is a global movement that target bankers,
I doubt it's going away any time soon
Well. . Your nick suggest that mah..
My portfolio consist of some gold and silver bars and coins. .. but is only a little of my overall. Dunno if I should increase them..
When rupee lau sai, my kah kia's family from india asked them to buy more gold using the sgd they earn here
India also tried to curb their domestic gold demand with higher tax.. gold price shot up in india..and worth more rupees
Dunno when sgd becomes weak, will this also happen.
To some, talk is really free
Bla bla bla, no need cum out moany one
these r called TPS but I nicer I jus say "thunder loud raindrop small"
Thought China is one of the usa's biggest debtor nation?
Also tio pwned gao gao by them.. buay sai lah...
they hv to buy so they can keep their currency low...its damn buay swee but its like champions league group stages, RM and Bayern alr qualified so jus play for draw.
No Cash No Talk!What? Cheque?
In God we trust, the rest please pay cash.
Hold rmb best, China FTW
Huh? What is China FTW? Foreign Talent Worker?
China For The Win lolHuh? What is China FTW? Foreign Talent Worker?
Huh? What is China FTW? Foreign Talent Worker?
China Feng Tian Wei lah
Ping pong star
But i think she is lesbian lah
Thought China is one of the usa's biggest debtor nation?
Also tio pwned gao gao by them.. buay sai lah...
That is why I said what if big brother, suddenly relalise that USA is a liability to them and without USA, they would be much better off. I mean look at how much currency they have printed just to buy up US treasury, and the inflation that It causes. But one thing good about China is the large population, land and resources, and if China turn off tap to USA, at least they still be able to produce and provide to the whole world. But many are still sceptical on China product, but for sure they will catch up and may overtake other countries in terms on branding and cost in the future.
Edited by Yewheng, 08 September 2013 - 05:27 PM.
Please don't depend on MCF alone for news. Reading one story does not convey the actual story.
The $10 billion loss was in the press in July. This was a unrealized loss, just a snapshot at a point in time.
And MAS would not have only held on to one currency only even if other currencies were weakening against the Singapore dollar.
In simple words, if you changed S$1000 a few months ago to ringgit, you would have RM$2450. If you did not spend the ringgit and wanted to change it today back to Singapore dollars, you would get back only about S$953. (.57). So you would have 'lost S$47'
But you would not change it back as you will spend it in Malaysia or keep for the future to gamble in Genting or go for massage in JB. So you did not really lose anything.
------------
That is a loss to me, no matter what you called it.
Perhaps you can explain such gains and losses are part and parcel of central bank P&L and MAS is at least not selling USD to buy SGD to defend SGD, it however does not want too strong a SGD (managed float) that is detrimental to our exporters, it is a good problem.
Do some "faecibility" study before you invest in any sh1t, let us hope no one incur heavy losses.
Edited by Albeniz, 08 September 2013 - 08:33 PM.
That is why I said what if big brother, suddenly relalise that USA is a liability to them and without USA, they would be much better off. I mean look at how much currency they have printed just to buy up US treasury, and the inflation that It causes. But one thing good about China is the large population, land and resources, and if China turn off tap to USA, at least they still be able to produce and provide to the whole world. But many are still sceptical on China product, but for sure they will catch up and may overtake other countries in terms on branding and cost in the future.
china had 5 years to increase workers wages to fuel domestic consumption,
too bad CCP too busy enriching themselves
http://www.todayonli...-subdebt-rating
05 September
SINGAPORE -- Moody?s Investors Service said on Thursday that it has downgraded the subordinated debt of DBS, Oversea-Chinese Banking Corp and United Overseas Bank to Aa3 from Aa2.
The downgrade reflects the increasing international trend of imposing losses on holders of subdebt securities as a pre-condition for distressed banks to receive government support, Moody?s said.
As a consequence, Moody?s assumes that Singapore government support is less likely to be forthcoming for the holders of such securities, it said.
Edited by Goldbug, 09 September 2013 - 04:24 PM.
music continues .....
Edited by Wt_know, 11 September 2013 - 03:14 PM.
how to huat???
Property prices never come down
how to huat???
You should say " if property come down how to huat"
I lazy haven't read BT today yet.
\Huat ah!!!
r u pointing at the newspapers or the watch huh?
cause ur hands blocking the papers...
Frasers Centrepoint awarded $1.43b Yishun site
Property Guru ? Tue, Sep 10, 2013 9:49 AM SGT
HDB has awarded a mixed commercial and residential development site (pictured) at Yishun Avenue 2/Yishun Central 1 to Frasers Centrepoint, after the developer submitted a stunning bid of S$1.43 billion.Frasers' top offer was about 50 percent higher than the second bid of S$969.3 million from Far East
Civil Engineering, Far East Orchard and Sekisui House. The 99-year leasehold site has a land area of 41,084.9 sq m and maximum gross floor area (GFA) of 123,254.7 sq m, with a plot ratio of 3.0.The proposed mixed-use development is expected to generate 890 housing units and will be integrated with a bus interchange and community club.
\
r u pointing at the newspapers or the watch huh?
cause ur hands blocking the papers...
Wah lau eh! I said before many times liao. Read headlines.....
Big picture, big picture....
Wah lau eh! I said before many times liao. Read headlines.....
Big picture, big picture....
while i appreciate your sharing of the news, your watch is really a distraction
The headline is bold for a reason.
developed economies in trouble
singapore property bubble
HK/China property bubble
bond bubble
singapore banks downgraded
KNN keep cash under pillow better
emerging markets in trouble
developed economies in trouble
singapore property bubble
HK/China property bubble
bond bubble
singapore banks downgraded
KNN keep cash under pillow better
Nono keep cash under pillow worst, you lose $ through inflation. Depends on your risk profile, you may want to look into precious metal.
Nono keep cash under pillow worst, you lose $ through inflation. Depends on your risk profile, you may want to look into precious metal.
lose a bit to inflation is better than lose a lot to wrong investment......
lose a bit to inflation is better than lose a lot to wrong investment......
lose a bit to inflation is better than lose a lot to wrong investment......
This is what I always tell people who are itching to invest in this, invest in that, due to the excuse of "inflation".
This is what I always tell people who are itching to invest in this, invest in that, due to the excuse of "inflation".
Yah lor
Even if inflation is a whopping 10%pa it is slow and steady.
Wrong investment could easily be -10% in a matter of days or weeks.
Haha
Yah lor
Even if inflation is a whopping 10%pa it is slow and steady.
Wrong investment could easily be -10% in a matter of days or weeks.
Haha
-10% is more than +10% leh....
-10% is more than +10% leh....
Ok let me rephrase
If Inflation is 10% pa then you lose 10% pa if you hold cash
But wrong investment you can lose 10% in days or weeks and more.
Nono keep cash under pillow worst, you lose $ through inflation. Depends
on your risk profile, you may want to look into precious metal.
precious metals ah?
Ok tomorrow look for gold rolex first thing in the morning
now where is that watches thread?
$200+ millions bad debt written off is sup sup water la ... mai kancheong
By Kevin Lim
SINGAPORE (Reuters) - Singapore announced new rules on Wednesday to cap credit card and other forms of unsecured lending by banks, amid growing concerns about rising household debt in Asia by consumers once known for their thrift.
Asia has seen consumer debt levels rise sharply in recent years due to low interest rates and aggressive lending by banks.
For Singapore, the ratio of household debt to gross domestic product now stands at around 75 percent, up from 55 percent in 2010 and 45 percent in 2005, according to data compiled by Standard Chartered.
"The rise in household debt is a fairly generic trend across Asia," said Selena Ling, head of treasury research at Oversea-Chinese Banking Corp.
"From a macro-prudential point of view, you'd want to mitigate the increase in household debt, particularly with respect to unsecured loans."
In Asia, household debt levels are highest in South Korea and Malaysia, followed by Thailand, while Singapore is somewhere in the middle of the pack, she added.
Bank of America Merrill Lynch estimated in a recent report that household debt in South Korea stood at around 88 percent of GDP at the end of March this year. The ratio for Malaysia was 80.5 percent, while Thailand's is 77.5 percent.
Singapore has already taken steps to cap borrowings for property purchases, while Thailand's central bank has warned about rising household debt and a possible credit bubble, although it backtracked slightly on Aug 21 by saying it was less concerned about the high level of borrowings by households.
Credit Suisse said in a recent report the household debt situation in Malaysia, Korea and Thailand are more worrying than in Singapore and Hong Kong, where the level of financial wealth is also high.
"For these two countries, the ratio of household debt to financial assets is 13 percent on average, compared to an average of 48 percent for Korea, Malaysia and Thailand," the Swiss bank said in its recent report.
In Singapore, the changes to the rules on unsecured lending will to be implemented in stages from Dec 1, and they include limiting the total amount of unsecured loans an individual can take to 12 times that person's monthly income.
The changes are "aimed at improving lending practices by financial institutions and enabling individuals to make better borrowing decisions", the Monetary Authority of Singapore (MAS)said in a statement.
Singapore, which has a population of 5.3 million, had 9.3 million credit cards in circulation at the end of 2012, up from 8.3 million at the end of the previous year. Banks wrote off S$226.6 million in bad debt last year, an increase of 21 percent from S$186.7 million at end-2011.
But people in Singapore, which has more millionaires per capita than any other country, also own lots of assets, so the debt-to-asset ratio in the city-state is low relative to other Asian countries.
Currently, it is relatively easy for banks to issue credit cards in Singapore, with lenders such as Citibank advertising that they are able to do so within 24 hours of receiving an application.
But with the new rules, banks will be required to review a borrower's total debt and credit limits before granting a new credit card or unsecured credit facility. Banks must also carry out such reviews before increasing the credit limit on such facilities, the central bank said.
"Most borrowers of unsecured credit should aim to stay well within the 12-month limit, as such borrowings typically attract high interest costs," MAS said, adding that it is monitoring the situation and will lower the limit if necessary
Edited by Wt_know, 12 September 2013 - 08:22 AM.
Ok let me rephrase
If Inflation is 10% pa then you lose 10% pa if you hold cash
But wrong investment you can lose 10% in days or weeks and more.
if don't buy properties or cars
i think inflation maybe 2% pa?
if don't buy properties or cars
i think inflation maybe 2% pa?
haha 2% u really believe? let me use a simple heartlander daily basket - 2 coffees, 2 slices of bread, 1 portion kaya, 1 fishball noodles, 1 cai png, 1 fruit, 1 return mrt ride.
jus for coffee, 5 yrs ago mayb 80-90c but now I thk min $1. dun even need to go into other necessities like utilities, groceries, Telco, GP visits and on and on...
If that's the reason why most sg are having higher household debts.. i dun see any thing wrong.
Edited by ShepherdPie, 12 September 2013 - 09:40 AM.
i just know that my next few mth housing loan interest now fell below 1.0%p.a nett.. :) And i feel super happy that i took max loan last year and my extra cash is in bond is giving me a whopping 6.25%p.a.
If that's the reason why most sg are having higher household debts.. i dun see any thing wrong.
your cash in bonds = your loan amt?
which bonds return 6.25% pa?
i am sure many people would like to know
haha 2% u really believe? let me use a simple heartlander daily basket - 2 coffees, 2 slices of bread, 1 portion kaya, 1 fishball noodles, 1 cai png, 1 fruit, 1 return mrt ride.
jus for coffee, 5 yrs ago mayb 80-90c but now I thk min $1. dun even need to go into other necessities like utilities, groceries, Telco, GP visits and on and on...
drink less 1 coffee can beat inflation
healthier too!
i just know that my next few mth housing loan interest now fell below 1.0%p.a nett.. :) And i feel super happy that i took max loan last year and my extra cash is in bond is giving me a whopping 6.25%p.a.
If that's the reason why most sg are having higher household debts.. i dun see any thing wrong.
ur bond is wat bond? perp or fixed? issuer wil crash anot? can redeem in short notice anot?
dun get me wrong...good planning tho.
drink less 1 coffee can beat inflation
healthier too!
haha ya... miw wil also say drink fr the tap, no need boil, see alr help u save gas.
my extra cash is in bond is giving me a whopping 6.25%p.a.
which bond is it arh? Plenty of REITs trading equal or higher recently. As rates rise, the yield spreads will grow in correlation. im watchin this carefully.
Short term looks like US POMO tapering is priced in already, but longer term spreads shld grow again.
ur bond is wat bond? perp or fixed? issuer wil crash anot? can redeem in short notice anot?
dun get me wrong...good planning tho.
ha ha .. the bond quite safe lah.. backed by Temasek...you shld know which bond liao.
Traded in SGX.. shld easy to redeem.. but it will come with a big lost.
And of course, $$ is slashed in different investments, not just bond alone. Some in AUD FD.. which i no eye see now. :P
i not so rich to buy a million dollar house which i can pay in full.. But it's a cash reserve that could pay up to 70% of the loan. :)
Edited by ShepherdPie, 12 September 2013 - 10:02 AM.
which bond is it arh? Plenty of REITs trading equal or higher recently. As rates rise, the yield spreads will grow in correlation. im watchin this carefully.
Short term looks like US POMO tapering is priced in already, but longer term spreads shld grow again.
i somehow.. not willing to put $$ on REITs.. i dun like how the dividend is calculated.. it's feels like some kind of ponzi scheme. :P ha ha ha
ha ha .. the bond quite safe lah.. backed by Temasek...you shld know which bond liao.
Traded in SGX.. shld easy to redeem.. but it will come with a big lost.
And of course, $$ is slashed in different investments, not just bond alone. Some in AUD FD.. which i no eye see now. :P
i not so rich to buy a million dollar house which i can pay in full.. But it's a cash reserve that could pay up to 70% of the loan. :)
Olam!!! wahhaha yes i thk u quite safe coz temasick r blindly throwing cash there... sigh
anyway do consider US$ as it shld strengthen next few yrs
i somehow.. not willing to put $$ on REITs.. i dun like how the dividend is calculated.. it's feels like some kind of ponzi scheme. :P ha ha ha
n bonds are not?? bonds are paid by cashflows too. to me main diff is liquidity n better liquidation subordination, hence illiquidity vs REITs
n bonds are not?? bonds are paid by cashflows too. to me main diff is liquidity n better liquidation subordination, hence illiquidity vs REITs
err.. bond can just wait till maturity and get back principle.
REITS is like stock..if it drop like hell.. it may stay there forever..
then again, maybe i too stupid to understand how REIT is calculated. I adopt the practise .. dun understand dun buy.
Edited by ShepherdPie, 12 September 2013 - 10:19 AM.
err.. bond can just wait till maturity and get back principle.
REITS is like stock..if it drop like hell.. it may stay there forever..
then again, maybe i too stupid to understand how REIT is calculated. I adopt the practise .. dun understand dun buy.
so u understand how olam makes $$? do they finance their bond payment? wat is their main cashflow generator?
oh well when bullrun nobody questions, when crash everyone asks lol.. same for REITs lol
good luck coz investments need lots of luck too
Edited by Duckduck, 12 September 2013 - 10:22 AM.
hei.....???????
Wah....all so rich men....I can only afford my small bto....
hei.....???????
in SG ah, u take a rock n throw in any direction shld hit at least 1 rich guy LOL
ha ha .. the bond quite safe lah.. backed by Temasek...you shld know which bond liao.
Traded in SGX.. shld easy to redeem.. but it will come with a big lost.
And of course, $$ is slashed in different investments, not just bond alone. Some in AUD FD.. which i no eye see now. :P
i not so rich to buy a million dollar house which i can pay in full.. But it's a cash reserve that could pay up to 70% of the loan. :)
if its wat duck says then bond shd b ok but it sucks being their shareholder now haha.
yup :P .. ha ha ha..if its wat duck says then bond shd b ok but it sucks being their shareholder now haha.
haha 2% u really believe? let me use a simple heartlander daily basket - 2 coffees, 2 slices of bread, 1 portion kaya, 1 fishball noodles, 1 cai png, 1 fruit, 1 return mrt ride.
jus for coffee, 5 yrs ago mayb 80-90c but now I thk min $1. dun even need to go into other necessities like utilities, groceries, Telco, GP visits and on and on...
If govt slap 10% GST then heartlanders consumers really hong kan liao
Olam!!! wahhaha yes i thk u quite safe coz temasick r blindly throwing cash there... sigh
anyway do consider US$ as it shld strengthen next few yrs
Noble and Wilmar leh? Temasek never support?
In MCF, before u can pick up the rock, your elbow already hit a rich guy liao...in SG ah, u take a rock n throw in any direction shld hit at least 1 rich guy LOL
Edited by Ronleo, 12 September 2013 - 12:04 PM.
Noble and Wilmar leh? Temasek never support?
wilmar is robert kuok & ADM rah.. dun need temasick lol
frm temasick's website, WTF is olam under life sciences & consumer??? not resources meh? got olam brand nuts selling at supermkt??
http://www.temasek.c...tfoliocompanies
Edited by Duckduck, 12 September 2013 - 12:19 PM.
Oakley Sunglasses
Edited by Ra698shida, 12 September 2013 - 12:19 PM.
If govt slap 10% GST then heartlanders consumers really hong kan liao
thot gahmen say GST is to help poor....haha ok stale.
yes confirm hong kan....they up an incremental 3%, but noodles and chicken rice up 50cents. jus great...
Edited by Goldbug, 12 September 2013 - 10:47 PM.
At the end of the day, its still your guess is as good as mine.....
Huat ah!
Buy ah!
JAPANESE NEWSPAPER: Obama To Nominate Summers To Fed As Soon As Next Week
Joe Weisenthal Sep. 13, 2013, 4:11 AM
Nikkei: Obama To Nominate Summers As Soon As Next Week - Business Insider
When the tapering fading and reversal of this one sided unsustainable monetary policy, experience tells us that something big will happen. Get ready......
When we faced a similar situation the last round with subprime staring as our faces, we also didnt believe that something big was gonna happen.
Good or bad, i leave it to your imagination.
But i rather not take my chances on the bull side for now....
Maybe later but not yet.
Let the knees shake and the teeth clatter....
In the meantime, huat ah!
lose a bit to inflation is better than lose a lot to wrong investment......
I am a firm believer of that but a lot of people believe otherwise.
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