Thứ Ba, 3 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 5

  • 14 September 2013 - 04:19 PM
    Yuan

    Now people's knees are not shaking yet, must loon.

    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!


    I agree with you. The next coming one is going to be big, bigger than the one in 2008.
  • 14 September 2013 - 04:21 PM
    Yuan

    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...


    Why you use my example without asking me? laugh.gif


  • 14 September 2013 - 05:47 PM
    Felipe

    I agree with you. The next coming one is going to be big, bigger than the one in 2008.

    Tapering starts next Wed. Countdown
  • 14 September 2013 - 06:13 PM
    Albeniz

    Tapering starts next Wed. Countdown


    Any website link to the news?
  • 14 September 2013 - 06:26 PM
    Felipe
    Can try

    http://www.bloomberg.com/news/

    Its not confirm but seems Bernanke cannot tahan anymore n will taper

    Edited by Felipe, 14 September 2013 - 06:27 PM.

  • 14 September 2013 - 06:33 PM
    Voodooman
    The more PM Lee tries to reassure the market everthing is ok and the more anti debt measures MAS put in weeks after weeks, the more worried I get. There is a lot more debt in the system now. Not sure if I should liquidate more of my holdings.
  • 14 September 2013 - 06:51 PM
    Throttle2

    The more PM Lee tries to reassure the market everthing is ok and the more anti debt measures MAS put in weeks after weeks, the more worried I get. There is a lot more debt in the system now. Not sure if I should liquidate more of my holdings.


    Heh heh heh....

    Its ok dont worry
    We are bullet proof.
    Everyone else can crash and burn , we will not be affected.

  • 14 September 2013 - 07:10 PM
    Felipe

    The more PM Lee tries to reassure the market everthing is ok and the more anti debt measures MAS put in weeks after weeks, the more worried I get. There is a lot more debt in the system now. Not sure if I should liquidate more of my holdings.

    If not much loan then can keep.
  • 14 September 2013 - 07:48 PM
    Yewheng

    The more PM Lee tries to reassure the market everthing is ok and the more anti debt measures MAS put in weeks after weeks, the more worried I get. There is a lot more debt in the system now. Not sure if I should liquidate more of my holdings.


    Actually the more measures MAS put, you should get less worry as that would reduce the impact should economic crisis were to happen. I mean if MAS did not out in so many measures, what do you think will be the price of property now? The only thing that is not good is because to me MAS will always be 1 step slower than market as market forces changes very fast. I mean to implement something takes time, and by the time it is implemented, it will already be so far slow behind.

    Edited by Yewheng, 14 September 2013 - 07:50 PM.

  • 14 September 2013 - 07:49 PM
    Celicar

    Can try

    http://www.bloomberg.com/news/

    Its not confirm but seems Bernanke cannot tahan anymore n will taper

    Just a matter of time. Now is see who has timing right. Last person at the party will be left with all the mess.
  • 14 September 2013 - 07:51 PM
    Celicar

    Actually the more measures MAS put, you should get less worry as that would reduce the impact should economic crisis were to happen. I mean if MAS did not out in so many measures l, what do you think will be the price of property now? The only thing that is not good is because to me MAS will always be 1 step slower than market as market forces changes very fast, but to implement something takes time, and by the time it is implemented, it will already be so far slow behind.

    We are open legs economy, no matter what you do, the reduction to external factors is limited. Still will be affected jia lat jia lat one. You just watch.
  • 14 September 2013 - 07:56 PM
    Yewheng

    We are open legs economy, no matter what you do, the reduction to external factors is limited. Still will be affected jia lat jia lat one. You just watch.


    Thats what I feel also. But at least MAS is doing something about it.
  • 14 September 2013 - 08:03 PM
    Voodooman

    Actually the more measures MAS put, you should get less worry as that would reduce the impact should economic crisis were to happen. I mean if MAS did not out in so many measures, what do you think will be the price of property now? The only thing that is not good is because to me MAS will always be 1 step slower than market as market forces changes very fast. I mean to implement something takes time, and by the time it is implemented, it will already be so far slow behind.


    I am worried because I think they are behind the curve and are now trying to catch up, hence the supposedly new permanent measures (debt service ratio and cap on unsecured credit) in the last 6 months or so....

  • 14 September 2013 - 08:11 PM
    Yewheng

    I am worried because I think they are behind the curve and are now trying to catch up, hence the supposedly new permanent measures (debt service ratio and cap on unsecured credit) in the last 6 months or so....


    That is why I keep saying no matter what they do, they will always be 1 step behind market forces one..
  • 14 September 2013 - 08:38 PM
    RadX

    Heh heh heh....

    Its ok dont worry
    We are bullet proof.
    Everyone else can crash and burn , we will not be affected.



    eh u shaddap lah..i know u waiting for fire sale....... laugh.gif laugh.gif

    ssssh hor, me too......
  • 15 September 2013 - 01:11 AM
    Throttle2

    eh u shaddap lah..i know u waiting for fire sale....... laugh.gif laugh.gif

    ssssh hor, me too......



    I got no money, fire sale also no use.

    Economy up also no impact.

    Crash also doesnt bother me.

    Everyday i just eat my curry bun from the HdB bakery.
    Drink soya bean milk from hawker center.

    One day one day pass.....

    Its ok.

    dead.gif
  • 15 September 2013 - 01:17 AM
    Viceroymenthol

    I got no money, fire sale also no use.

    Economy up also no impact.

    Crash also doesnt bother me.

    Everyday i just eat my curry bun from the HdB bakery.
    Drink soya bean milk from hawker center.

    One day one day pass.....

    Its ok.

    dead.gif


    KNN you waiting to buy Ron's house right? So that you can fly and land and park your helicopter right?
  • 15 September 2013 - 02:15 AM
    Throttle2

    KNN you waiting to buy Ron's house right? So that you can fly and land and park your helicopter right?


    I cant afford to be your neighbor lah......
  • 15 September 2013 - 02:34 AM
    Anshng
    It is reported that those who are thinking of refinancing might face problem. For those who got their loan few years back,now might be thinking of refinancing becoz paying 2 over percent interest rate now. When they face difficulty refinancing to lower rates due to the tdsr,they will be stuck with high interest rate loan.

    Rental softening and the higher interest rate is e perfect storm at the door step already. Those who buy few years back also cannot sell due to the ssd. So caught in a tight position. Sell now also cannot due to ssd,sell later also scare cannot sell and rent. Those with property still under construction even worse with their money stuck with no returns.
  • 15 September 2013 - 10:09 AM
    Voodooman
    image.jpg

    Heh heh heh....

    Its ok dont worry
    We are bullet proof.
    Everyone else can crash and burn , we will not be affected.


    Based on last 20 years history....
  • 15 September 2013 - 11:19 AM
    Wt_know
    who is more guilty?
    borrower or lender (lack of regulation on unsecured loans)
    in hk movie we always see when a gambler lost all his capital, magically a good friend will come and lend him money ...

    similarly lehman brother toxic bond
    yes, no one pointing a gun to the greedy people to buy these bond but selling the toxic bond aggressively is as guilty


    Edited by Wt_know, 15 September 2013 - 11:45 AM.

  • 15 September 2013 - 11:50 AM
    Throttle2

    who is more guilty?
    borrower or lender (lack of regulation on unsecured loans)
    in hk movie we always see when a gambler lost all his capital, magically a good friend will come and lend him money ...

    similarly lehman brother toxic bond
    yes, no one pointing a gun to the greedy people to buy these bond but selling the toxic bond aggressively is as guilty



    Who is more guilty?

    Those who are in debt will say the lender is more guilty (so many cases already with the casinos)

    Those who are no in debt will say the borrower is guilty (so many here who are oon oon chiak bee hoon)


    So which side do we want to be?
    Do we want to be told whether we can do this or that?
    Can we take responsibility of our own finances?

    Those who buy a car priced more than their half year salary obviously cant unless got cash behind pahpah rolleyes.gif


    *stirring*

    Edited by Throttle2, 15 September 2013 - 11:58 AM.

  • 15 September 2013 - 08:06 PM
    Viceroymenthol
    Wah! Your standard so high ah... Half year salary...
    Mine is one year salary and already got people say I siao.
    That's why I always had no choice but to buy second hand cars... Cos my salary only can afford second hand cars... sad.gif
  • 15 September 2013 - 08:11 PM
    Felipe

    Wah! Your standard so high ah... Half year salary...
    Mine is one year salary and already got people say I siao.
    That's why I always had no choice but to buy second hand cars... Cos my salary only can afford second hand cars... sad.gif

    2nd hand Porsche, Merc, Bmw
  • 15 September 2013 - 08:15 PM
    Wt_know
    car = 1 year salary thumbsup.gif
    home for stay = 5 year salary thumbsup.gif
    property for investment = depends on rental yield and potential capital appreciation ... no risk no gain

    a $250K mid level conti selling like roti prata
    a $1.25M 99LH condo pigeon hole selling like hot cake
    means singaporean salary is smelly smelly $250K per annum ... huat ah !!!

    Wah! Your standard so high ah... Half year salary...
    Mine is one year salary and already got people say I siao.
    That's why I always had no choice but to buy second hand cars... Cos my salary only can afford second hand cars... sad.gif


    Edited by Wt_know, 15 September 2013 - 08:21 PM.

  • 16 September 2013 - 09:23 AM
    Goldbug
    http://www.straitsti...ke-fed-20130916

    Summers withdraws from race to succeed Bernanke at Fed

    Edited by Goldbug, 16 September 2013 - 09:23 AM.

  • 16 September 2013 - 09:33 AM
    Duckduck

    http://www.straitsti...ke-fed-20130916

    Summers withdraws from race to succeed Bernanke at Fed


    buy buy buy stocks! dont say i never say!
  • 16 September 2013 - 09:46 AM
    Wt_know
    why? QE 4, 5 ,6 coming?
    spore property no $2000psft no sell ... huat ah!!!

    buy buy buy stocks! dont say i never say!


    Edited by Wt_know, 16 September 2013 - 09:46 AM.

  • 16 September 2013 - 09:57 AM
    Duckduck

    why? QE 4, 5 ,6 coming?
    spore property no $2000psft no sell ... huat ah!!!


    combo of yellen likely new Fed head, DJIA & SPX technicals not overbought short term. mthly SPX chart's RSI hasnt hit d falling resistance line yet, means higher prices soon IMO before a solid fall. Big crash is def coming it cld mths before any action so meanwhile its bullish until then. My view is strictly macro, doesnt apply to insider trading by SGX penny ctrs lol

    Im a keynesian fan so this applies.

    Edited by Duckduck, 16 September 2013 - 09:58 AM.

  • 16 September 2013 - 10:04 AM
    Yewheng

    http://www.straitsti...ke-fed-20130916

    Summers withdraws from race to succeed Bernanke at Fed


    http://www.businessi...thdrawal-2013-9

    Expect USD to further weaken... so it is even not a good time to look into currency that is in USD denominated.
  • 16 September 2013 - 10:19 AM
    Duckduck

    http://www.businessi...thdrawal-2013-9

    Expect USD to further weaken... so it is even not a good time to look into currency that is in USD denominated.


    just beware thats US economy is recovering so US bond yields r rising so b careful on USD pullbacks. they wont print $ forever imo as theyve talked abt scaling down QE n eventually cancellation of ZIRP later on.

    Edited by Duckduck, 16 September 2013 - 10:19 AM.

  • 16 September 2013 - 10:20 AM
    Wt_know
    i'm puzzled how do they pay the bill if they don't print money?

    just beware thats US economy is recovering so US bond yields r rising so b careful on USD pullbacks. they wont print $ forever imo as theyve talked abt scaling down QE n eventually cancellation of ZIRP later on.


  • 16 September 2013 - 10:26 AM
    Duckduck
    http://www.bloomberg...r22IS9S6xQ.html

    Yellen's impact
  • 16 September 2013 - 10:34 AM
    Goldbug

    i'm puzzled how do they pay the bill if they don't print money?


    they still print

    pre Lehman...
    Fed lend the money to the US government
    US treasury floats the bonds to be sold in the mkts

    post Lehman
    Fed lend the money to the US government
    US treasury floats the bonds and the Fed buys the bonds

  • 16 September 2013 - 10:38 AM
    Yewheng

    just beware thats US economy is recovering so US bond yields r rising so b careful on USD pullbacks. they wont print $ forever imo as theyve talked abt scaling down QE n eventually cancellation of ZIRP later on.


    Ya as if so easy can just pull back, you know if pull back what will happen ?? The whole process will picia lobang, and it will have a domino effect. I mean the whole world now too rely on $ printing and want more, if reduce, the impact will sure be felt and the propaganda of US is recovering is just government do some tweak in how it derive and calculation does not reflect the true reflection on what is actually happening but just wanted to show the good figures so the world still have confidence in them, but sooner or later the picia will sure lobang.

    Edited by Yewheng, 16 September 2013 - 10:39 AM.

  • 16 September 2013 - 10:41 AM
    Goldbug

    Ya as if so easy can just pull back, you know if pull back what will happen ?? The whole process will picia lobang, and it will have a domino effect. I mean the whole world now too rely on $ printing and want more, if reduce, the impact will sure be felt and the propaganda of US is recovering is just government do some tweak in how it derive and calculation does not reflect the true reflection on what is actually happening but just wanted to show the good figures so the world still have confidence in them, but sooner or later the picia will sure lobang.


    isn't everybody doing the same thing
    it's just a matter of who got more chips to call whose bluff
  • 16 September 2013 - 10:47 AM
    Yewheng

    isn't everybody doing the same thing
    it's just a matter of who got more chips to call whose bluff


    Ya.. laugh.gif laugh.gif
  • 16 September 2013 - 10:48 AM
    Duckduck

    sooner or later the picia will sure lobang.


    yup i oso duno when will happen. im not into prediction as im not fortune teller. I just respect fibonacci #s & technicals, as well as macro stuff like Fed chair appts, war etc.
  • 16 September 2013 - 10:53 AM
    Staff69
    So someone say tuesday will increase interest rate and all will burn in hell...........so now no?

    I only worried for my bto tongue.gif

    Edited by Staff69, 16 September 2013 - 10:56 AM.

  • 16 September 2013 - 10:54 AM
    Goldbug
    considering that US citizens have fire arms, US government has done a pretty good job in keeping every one in line despite high unemployment rate, and manipulating the financial to keep themselves a float

    given the same situation, I think there will be chaos in India and China
  • 16 September 2013 - 10:55 AM
    Goldbug

    So someone say tuesday will increase interest rate and all will burn in hell...........so now no?


    last 30 days alot drama,
    won't know until the last minute
  • 16 September 2013 - 11:01 AM
    Duckduck

    considering that US citizens have fire arms, US government has done a pretty good job in keeping every one in line despite high unemployment rate, and manipulating the financial to keep themselves a float

    given the same situation, I think there will be chaos in India and China


    US right to own guns have been ard a century plus its a huge country so ethnic n racial segregation is present n tolerated, unlike SG where we need to garmen to set ethnic HDB quota coz we're like sardine all squeeze together.

    india has rapists, china has body parts traffickers lol
  • 16 September 2013 - 11:12 AM
    Goldbug

    US right to own guns have been ard a century plus its a huge country so ethnic n racial segregation is present n tolerated, unlike SG where we need to garmen to set ethnic HDB quota coz we're like sardine all squeeze together.

    india has rapists, china has body parts traffickers lol


    you think an unemployed american worker lives a better life collecting welfare, or a PRC who works 12 hours in the factory everyday?
  • 16 September 2013 - 11:27 AM
    Duckduck

    you think an unemployed american worker lives a better life collecting welfare, or a PRC who works 12 hours in the factory everyday?


    considering d amt of drugs they take n street gangs everywhere, i duno which is better lol.
  • 16 September 2013 - 01:37 PM
    Throttle2

    Wah! Your standard so high ah... Half year salary...
    Mine is one year salary and already got people say I siao.
    That's why I always had no choice but to buy second hand cars... Cos my salary only can afford second hand cars... sad.gif



    Be os you got cash behind mah......
    Two years salary alsonoproblem
  • 16 September 2013 - 01:56 PM
    Viceroymenthol

    Be os you got cash behind mah......
    Two years salary alsonoproblem


    LJ lah, what cash behind? Open my ass and cash come out ah?
  • 16 September 2013 - 03:08 PM
    Solar

    So someone say tuesday will increase interest rate and all will burn in hell...........so now no?

    I only worried for my bto tongue.gif


    as long as your bto is for your own stay and not investment...bochap lah..go up/down still stay there ya?
    only concern is to keep the job & income coming in.
  • 16 September 2013 - 03:30 PM
    Viceroymenthol

    as long as your bto is for your own stay and not investment...bochap lah..go up/down still stay there ya?
    only concern is to keep the job & income coming in.


    That is the problem with most of us.

    Without the job and income, how long can we survive?

    I call this "hand to mouth" living.

    A never-ending cycle that is difficult to break out of, a kind of modern slavery.

    We should all try to cut down on spending and start saving more than we spend.

    That means, save 70% of salary, spend 30%.

    Fark the sports car, fark the big house, fark all that unnecessary s--t that you don't need.

    The problem with us Singaporeans is that we are all too caught up with spending future money, wanting bigger better and more expensive stuff that we can barely afford. And by afford, I don't mean installments.
  • 16 September 2013 - 03:31 PM
    Viceroymenthol
    Sorry if I sound so much like Throttle2!!! laugh.gif laugh.gif

    But I try to do it without the "hao lian-ness" biggrin.gif biggrin.gif biggrin.gif
  • 16 September 2013 - 03:35 PM
    Throttle2

    That is the problem with most of us.

    Without the job and income, how long can we survive?

    I call this "hand to mouth" living.

    A never-ending cycle that is difficult to break out of, a kind of modern slavery.

    We should all try to cut down on spending and start saving more than we spend.

    That means, save 70% of salary, spend 30%.

    Fark the sports car, fark the big house, fark all that unnecessary s--t that you don't need.

    The problem with us Singaporeans is that we are all too caught up with spending future money, wanting bigger better and more expensive stuff that we can barely afford. And by afford, I don't mean installments.



    Best lah, brother!

    thumbsup.gif thumbsup.gif thumbsup.gif thumbsup.gif thumbsup.gif thumbsup.gif





    I where got haolian? People read wrongly i bohpian.
  • 16 September 2013 - 03:37 PM
    Throttle2

    LJ lah, what cash behind? Open my ass and cash come out ah?


    Wah, so steady ah.....
    No matter how i try , no cash come out from my ass leh.

    Your kungfu must teach me ok? laugh.gif
  • 16 September 2013 - 04:45 PM
    Viceroymenthol

    Wah, so steady ah.....
    No matter how i try , no cash come out from my ass leh.

    Your kungfu must teach me ok? laugh.gif


    That one must ask DW and P laugh.gif

    I am but a regular joe who tries his best, not rich, not poor, but comfortable.
  • 16 September 2013 - 05:08 PM
    Solar
    yup, agreed with u totally. no big head better don't wear a big hat..applies to all of us.

    one thing about hdb.. so far very few get chased out and left homeless..still got MP to kau peh to laugh.gif
    but can't say the same for condos..

    my personal rule of thumb is to survive without income for at least a year with the same spending wink.gif
    but of course, if i really kenna pok, those spending will be cut to stretch further..till i find another one. knife.gif
  • 16 September 2013 - 09:45 PM
    Throttle2

    yup, agreed with u totally. no big head better don't wear a big hat..applies to all of us.

    one thing about hdb.. so far very few get chased out and left homeless..still got MP to kau peh to laugh.gif
    but can't say the same for condos..

    my personal rule of thumb is to survive without income for at least a year with the same spending wink.gif
    but of course, if i really kenna pok, those spending will be cut to stretch further..till i find another one.


    thumbsup.gif thumbsup.gif

    Wah you also steady lah!

    thumbsup.gif thumbsup.gif
  • 16 September 2013 - 10:01 PM
    Duckduck

    That is the problem with most of us.

    Without the job and income, how long can we survive?

    I call this "hand to mouth" living.

    A never-ending cycle that is difficult to break out of, a kind of modern slavery.

    We should all try to cut down on spending and start saving more than we spend.

    That means, save 70% of salary, spend 30%.

    Fark the sports car, fark the big house, fark all that unnecessary s--t that you don't need.

    The problem with us Singaporeans is that we are all too caught up with spending future money, wanting bigger better and more expensive stuff that we can barely afford. And by afford, I don't mean installments.


    someone tell me "money velocity" isnt slowing down in SG... its not that we're making little, its coz asset prices have run way ahead of fundamentals until we actually feel poor even tho we havent lost our jobs. Asset = equity+liability... IMO d liability gone up too much hence d 100% HH debt to equity...

    My own formula: sentiment+fundamental = asset price. Tell me where sentiment is right now...

    If d banks decide to keep pushing up valuations to increase equity values, its d greatest sin they'll to consumers as come a big crash, these same bankers will b reducing valuations faster tahn u can spell v-a-l-u-a... we dont have d HDB resale flat undersupply situation of 2008 anymore...

    Edited by Duckduck, 16 September 2013 - 10:04 PM.

  • 16 September 2013 - 10:55 PM
    Throttle2

    someone tell me "money velocity" isnt slowing down in SG... its not that we're making little, its coz asset prices have run way ahead of fundamentals until we actually feel poor even tho we havent lost our jobs. Asset = equity+liability... IMO d liability gone up too much hence d 100% HH debt to equity...

    My own formula: sentiment+fundamental = asset price. Tell me where sentiment is right now...

    If d banks decide to keep pushing up valuations to increase equity values, its d greatest sin they'll to consumers as come a big crash, these same bankers will b reducing valuations faster tahn u can spell v-a-l-u-a... we dont have d HDB resale flat undersupply situation of 2008 anymore...

    Velocity of money has been on the rise so much so until what was excessive is now normal.
    So when the reversal happens, its clear what result it would bring.
    Its whether the reversal will happen fast and furious or whether it will happen slow and steady.
    Regardless, it will happen. So get ready and prepare for 3%pa - 5%pa type loans in the next few years.

    Like the story of the ant and the grasshopper. Dont wait. Buffer up now.

  • 16 September 2013 - 11:06 PM
    Viceroymenthol
    I have been waiting since 2008 for Ardmore Park to come down to $800 psf....
    Sigh
    ???????????????????????
  • 16 September 2013 - 11:08 PM
    Staff69
    I also waiting for bidadari BTO......but mine only $200psf...cheap
  • 16 September 2013 - 11:10 PM
    Throttle2

    I have been waiting since 2008 for Ardmore Park to come down to $800 psf....
    Sigh
    ???????????????????????


    Who knows?

    Never say never.....

    But when it is $800psf, i also wont buy.
    Becos the others would be much cheaper and much nicer and wont bump into so many people i know.
  • 16 September 2013 - 11:19 PM
    Duckduck

    I have been waiting since 2008 for Ardmore Park to come down to $800 psf....
    Sigh
    ???????????????????????


    xiao lah i was offered bt 1800psf for a split second in early 09, didnt bite n it was gone superfast... that was d bottom call offer for ardmore park then.

    even suites only 2-3 units went below 1500psf... i was trying really hard to close d deal but didnt happen...

    Edited by Duckduck, 16 September 2013 - 11:22 PM.

  • 16 September 2013 - 11:20 PM
    Yewheng
    So after much discussion, now you all know why too much $ printing does not help any situation but to only delay the problem. In fact because of inflation it squeeze even more middle income earners out, those low income earners worst...

    Edited by Yewheng, 16 September 2013 - 11:20 PM.

  • 16 September 2013 - 11:30 PM
    Duckduck

    So after much discussion, now you all know why too much $ printing does not help any situation but to only delay the problem. In fact because of inflation it squeeze even more middle income earners out, those low income earners worst...


    every bull mkt is different. last 4yrs was a bull mkt mkt n prob is still on until it shows technical breakdown.

    below every bull mkt, there were problems, but problems dont surface until d mkt decides to realize it, thats y a big crash has happened every decade... will this time b differnt?
  • 16 September 2013 - 11:35 PM
    Yewheng

    every bull mkt is different. last 4yrs was a bull mkt mkt n prob is still on until it shows technical breakdown.

    below every bull mkt, there were problems, but problems dont surface until d mkt decides to realize it, thats y a big crash has happened every decade... will this time b differnt?


    No difference, only thing is when it crash, USA cannot use the same method of printing $ anymore. As it has been used, and the world will not buy it anymore. It will be a game changer where such a world richest nation in the world in the past is destroyed by massive currency printing.
  • 16 September 2013 - 11:53 PM
    Duckduck

    No difference, only thing is when it crash, USA cannot use the same method of printing $ anymore. As it has been used, and the world will not buy it anymore. It will be a game changer where such a world richest nation in the world in the past is destroyed by massive currency printing.


    most likely d next crash will asian IMO... china, japan... either of those putus we all putus together... lets see..
  • 17 September 2013 - 12:33 AM
    Mllcg

    most likely d next crash will asian IMO... china, japan... either of those putus we all putus together... lets see..


    asian currency wont toh... all parking their money in asia alr
  • 17 September 2013 - 12:37 AM
    Duckduck

    asian currency wont toh... all parking their money in asia alr


    Err.. did u miss d huge aussie n ruppee n rupiah crash recently?
  • 18 September 2013 - 05:08 PM
    Goldbug
    how everyone excited boh... to make formal announcement
  • 18 September 2013 - 05:47 PM
    ShepherdPie

    how everyone excited boh... to make formal announcement


    aiyo... where got problem.. COE go up again..
    SC and SG PR ... $$ fills the bank :P
  • 18 September 2013 - 06:48 PM
    Duckduck

    aiyo... where got problem.. COE go up again..
    SC and SG PR ... $$ fills the bank :P


    Good to hear so many still willing to put $ here despite weakening SGD. Via STI can already see capital outflow...
  • 18 September 2013 - 08:23 PM
    Fatcat188
    If we are not at risk,then gaverment will not put curb on property,cars and who knows what come next.This I feel is to protect the banks so there will be less bad debts .in the event cannot pay,force sale still got some cash and not negative equity as like before.They learn their lesson so dun believe financial prudent is for us!jus my 2cts .....
  • 18 September 2013 - 08:26 PM
    Fatcat188

    aiyo... where got problem.. COE go up again..
    SC and SG PR ... $$ fills the bank :P

    Whose smart idea to curb?now car prices new/old are even higher?knna simple supply and demand also dun know and all want fat salary!
  • 18 September 2013 - 08:27 PM
    Yewheng

    If we are not at risk,then gaverment will not put curb on property,cars and who knows what come next.This I feel is to protect the banks so there will be less bad debts .in the event cannot pay,force sale still got some cash and not negative equity as like before.They learn their lesson so dun believe financial prudent is for us!jus my 2cts .....


    Sort of help to protect Singapore Financial system and also people like us. I mean it indirectly does affect people like us who is looking to buy property and cars.

    But it is something weird that government need to come up with so many measures just to stop banks from being too loose in $ lending. So what does this means??

    It simply means banks don't care whether people can afford to make repayment or not, all they want is to make $ the fastest and grow the fastest, the rest talk later.

    So I think the whole financial system still had not learn the lesson on year 2008 crisis, banks and other financial institutions are too busy trying to earn as much profit as possible and neglect on fundamentals

    So in a way government step in is good, but like I said, government always 1 step too slow to the market.

    Edited by Yewheng, 18 September 2013 - 08:38 PM.

  • 18 September 2013 - 08:34 PM
    Wt_know
    bank is the biggest sucker ... has always been ...
  • 18 September 2013 - 09:18 PM
    Yewheng
    One way is to know whether SG government is 1 step behind market is just by looking at Straits Times forum page, when people write about bubble forming, banks too loose in lending and many other loophone that government had not step in yet. That is a ringing bell that indirectly saying well, market forces changes very fast and government just cannot keep up with the pace due to need to go through so many layers for approval before things can be implemented.

    Edited by Yewheng, 18 September 2013 - 09:18 PM.

  • 18 September 2013 - 09:24 PM
    Wt_know
    3 Reasons Why Developers Can Sell At High Prices

    point no 1 & 2 is the MOST LETHAL ...

    1. The advantages of market domination
    The property developer industry is an oligopoly. It is dominated by a few big players which are often large conglomerates.
    The entry barrier for new players in this industry is exceptionally high. With limited supply and high cost of land, it is not easy for small developers to raise sufficient funds or obtain financing from the bank. They also cannot compete with the big guys in terms of branding and their track record in past projects.
    Bigger players have stronger financial muscle to build their own land bank. They can drive construction of projects in time to capture a booming market. They enjoy the benefits of economies of scale or cost leadership from a large number of ongoing projects. They have a handsome budget for marketing and for leverage to hire a good marketing agent. They have enough cash reserves to hedge against poor sales during bad times.
    It is therefore not surprising to see a high percentage of private housing projects all supplied by the top few developers. The advantages of market domination allow them to set their list prices at the highest possible level and to reap a huge profit.

    2. Collaboration among big players
    The big players have good connections amongst themselves to make the most of a mutually beneficial partnership. They can collaborate with each other by forming joint ventures to bid for land parcels, to secure borrowings from banks, or to diversify their investment.
    Among the top property developers, they can seek consensus and alignment on many decisions, for instance:
    � When to launch or re-launch in a quiet or recovering market;
    � Which type of projects to launch in different locations; and
    � What projects to hold back to avoid unnecessary competitions for similar projects.
    When they are setting prices for a new launch, they don�t have to make reference to the average transacted prices of existing developments in the same district. They can benchmark against each other�s list prices in other districts in order to set their prices at a new high in a hot market.
    Of course, no developer can move new properties off the shelves without the support of local banks to provide buyers the necessary financing. It is not uncommon to see developers tying up with a few banks to offer housing mortgage packages to buyers at the sales galleries.
    In order to secure business from home buyers, banks work with their valuers to ensure that the valuation of the uncompleted property matches with the selling price, so that they can disburse the exact amount of housing loan required by the buyers.

    3. Willing sellers, willing buyers
    In the past few years, property developers have paid a high price for land parcels sold by the government or from en bloc sales. Likewise, the tight supply and spiraling costs of construction manpower and building materials have taken a toll on the bottom line of developers.
    It is arguable that developers have no choice but to markup considerably to ensure their profitability, although how big a safety margin is reasonable is entirely up to their discretion. After all, if they don�t make hay while the sun shines, who can tell what will happen when market direction changes?
    In the end, the matter boils down to market response and customer acceptance. Developers can�t sell new flats at future prices if buyers are unwillingly to pay a premium price.
    It doesn�t matter whether the selling price is twenty or fifty percent higher than the most recent transacted price of a resale flat in the same area, so long as everyone believes that the market price will be even higher by the time the new flats are ready for occupation.
    Believing in the future � that is the magic pill of getting buyers to pay future prices in a booming property market!

    Edited by Wt_know, 18 September 2013 - 09:27 PM.

  • 19 September 2013 - 02:31 AM
    Felipe
    no tapering till 2015

    http://www.bloomberg...before-fed.html
  • 19 September 2013 - 03:27 AM
    RadX

    no tapering till 2015

    http://www.bloomberg...before-fed.html



    basically a non-issue, although bernanke mentioned tapering may start end this yr, is needed..

    ok back to COE...chiong ahhhhhhhhhhhhhhhhh
  • 19 September 2013 - 07:19 AM
    Yewheng

    no tapering till 2015

    http://www.bloomberg...before-fed.html


    Haha, just can't stop printing massive amount of $ lol. So how long more will the world start to lose confidence in USA?? Hmm..

    Edited by Yewheng, 19 September 2013 - 07:21 AM.

  • 19 September 2013 - 07:31 AM
    Staff69
    So the guys that say, all will die by this week with such accuracy and conviction, would ...... ph34r.gif tongue.gif








    Die?????one macdonald meal set would cost more now bigcry.gif

    Edited by Staff69, 19 September 2013 - 07:44 AM.

  • 19 September 2013 - 07:42 AM
    Duckduck

    buy buy buy stocks! dont say i never say!


    Ok it's time to take profits. Uptrend is intact until technical break down appears
  • 19 September 2013 - 09:10 AM
    ShepherdPie
    No US tapering until 2015.

    Huat Ah.. all property owner *happy*

    Interest rate stay low ( applicable to those that took fixed spread only) .... singapore GDP continue to grow and employment is tight...

    Another 2 good years !

    Edited by ShepherdPie, 19 September 2013 - 09:11 AM.

  • 19 September 2013 - 09:20 AM
    Wt_know
    music continues until 2015

    COE > short term $100k+, medium term $120k+, long term $150k+

    Condo 99LH suburb > short term $1200psf, medium term $1500psf, long term $1800psf

    DOW testing 16,000 liao .... HUAT AH !!!

    Edited by Wt_know, 19 September 2013 - 09:20 AM.

  • 19 September 2013 - 09:28 AM
    Yewheng

    No US tapering until 2015.

    Huat Ah.. all property owner *happy*

    Interest rate stay low ( applicable to those that took fixed spread only) .... singapore GDP continue to grow and employment is tight...

    Another 2 good years !


    It depends..

    http://www.munknee.c...s-are-alarming/

    I mean there are bonds that are going to mature, so what's next?? Will they reinvest in US treasury?? If no, what happen?? How will USA going to pay huge bills when they themselves already at the edge. Print $85 billion per month is not enough to pay off trillions dollar of bond mature. What about other expenses ?? So let's wait and see will China and other big players to continue print $ to buy up US treasury, if yes, then it would be a good 2 years, if not.. that spells the trouble.. or alarm..

    http://www.treasury....aspx?data=yield

    And what is worst is the maturity rate is at pathetic 0.13% for 1 year maturity. I mean it would be better off putting $ elsewhere but US treasury.

    Edited by Yewheng, 19 September 2013 - 09:54 AM.

  • 19 September 2013 - 09:36 AM
    Staff69
    Luckily the guys never place their kuku bird as bet that the market will crash.....if not many eunuchs around tongue.gif
  • 19 September 2013 - 09:39 AM
    Wt_know
    yewheng,

    in theory, i agree with you
    however, usa is the classic example of TOO BIG TO FAIL
    if USA collapse the whole world & entire population will perish

    china should do something. they are so sunk into the usa sinking hole
    from ankle deep to knee deep now ...

    it's unimaginable ... i think worst than 2012 fiction film ... if usa one day shout f**k it ... i'm going to reset my debt clock to ZERO (100% haircut)

    Edited by Wt_know, 19 September 2013 - 09:41 AM.

  • 19 September 2013 - 09:45 AM
    Yewheng

    yewheng,

    in theory, i agree with you
    however, usa is the classic example of TOO BIG TO FAIL
    if USA collapse the whole world & entire population will perish

    china should do something. they are so sunk into the usa sinking hole
    from ankle deep to knee deep now ...

    it's unimaginable ... i think worst than 2012 fiction film ... if usa one day shout f**k it ... i'm going to reset my debt clock to ZERO (100% haircut)


    Ya, so that is the problem. So USA still so Yaya papaya?? They should be at the mercy of China, Japan and other big players that help to delay the big crash.
  • 19 September 2013 - 10:13 AM
    Wt_know
    yes, usa is yaya papaya ... they are also pulling everyone nose to walk together

    like titanic ... usa will say i die you all die together ... wahahaha

    Edited by Wt_know, 19 September 2013 - 10:16 AM.

  • 19 September 2013 - 10:14 AM
    Yewheng

    yes, usa is yaya papaya ... they are also pulling everyone nose to walk together

    like titanic ... usa will say i die you all die together ... wahahaha


    I don't think all will die together with USA, as China so big country, can produce a lot of stuff, Brazil, india, and so many country, without USA, economy will sure suffer for many years, but after that it will back to good years ahead then.

    Edited by Yewheng, 19 September 2013 - 10:15 AM.

  • 19 September 2013 - 10:52 AM
    Felipe

    I don't think all will die together with USA, as China so big country, can produce a lot of stuff, Brazil, india, and so many country, without USA, economy will sure suffer for many years, but after that it will back to good years ahead then.

    They need washington to svc the debt
  • 19 September 2013 - 03:04 PM
    ShepherdPie

    Luckily the guys never place their kuku bird as bet that the market will crash.....if not many eunuchs around tongue.gif


    those that bet their watches that mkt will turn ... sure sibei sian now...
  • 19 September 2013 - 04:51 PM
    Thaiyotakamli

    music continues until 2015

    COE > short term $100k+, medium term $120k+, long term $150k+

    Condo 99LH suburb > short term $1200psf, medium term $1500psf, long term $1800psf

    DOW testing 16,000 liao .... HUAT AH !!!

    Chiong ahhh, i go part time property agent for next 2 years laugh.gif
  • 19 September 2013 - 05:02 PM
    Staff69
    On lar I be your partner laugh.gif

    Money must be share share one tongue.gif
  • 19 September 2013 - 05:04 PM
    Thaiyotakamli

    On lar I be your partner laugh.gif

    Money must be share share one tongue.gif

    Hahaha ok can i share u one, 90-10 then tongue.gif


    Edited by Thaiyotakamli, 19 September 2013 - 05:05 PM.

  • 19 September 2013 - 05:07 PM
    Staff69
    On lar....I only answer phone ...the rest u do tongue.gif
  • 19 September 2013 - 05:09 PM
    Thaiyotakamli

    On lar....I only answer phone ...the rest u do tongue.gif

    Eh u no need do so much just help me open all the doors laugh.gif
  • 19 September 2013 - 05:12 PM
    Staff69
    Err....I call centre only...dont go out field....hq laugh.gif
  • 19 September 2013 - 05:18 PM
    Thaiyotakamli

    Err....I call centre only...dont go out field....hq laugh.gif

    Then our partnership come to an end already tongue.gif
  • 19 September 2013 - 05:30 PM
    Staff69
    Na bei laugh.gif
  • 19 September 2013 - 07:04 PM
    Thaiyotakamli
    How to bubble? Look at this

    http://www.straitsti...le-15m-20130919
  • 19 September 2013 - 07:30 PM
    Staff69
    I think I saw a man with solid gold rolex inside...........???????? tongue.gif
  • 20 September 2013 - 11:14 PM
    Wt_know
    Fed No Taper means US dollar becoming Zimbabwe dollar ... laugh.gif
    if Fed don't dare to taper means the economy is worst than what it is seen
    if economy is recovering, taper should have kicked in liao

    print $85 billions a month x 12 months x years = ?
    even taper to $75B or $50B ... still printing billions per month




    Edited by Wt_know, 20 September 2013 - 11:25 PM.

  • 20 September 2013 - 11:39 PM
    Thaiyotakamli
    Printing in usa good biz hor haha
  • 21 September 2013 - 12:45 AM
    Comnao
    Is anyone watching NYSE from the toilet like I am doing now ?

    The Dow is on a lau sai streak like what I am leaving behind in the throne

    SHOPPING time !!
  • 21 September 2013 - 12:52 AM
    Chucky2007

    Is anyone watching NYSE from the toilet like I am doing now ?

    The Dow is on a lau sai streak like what I am leaving behind in the throne

    SHOPPING time !!

    Watching cnbc.. Dow seems like having a slight correction only leh..
  • 21 September 2013 - 03:37 PM
    Viceroymenthol
    nosebleed.gif

    4998415[/url]']
    I think I saw a man with solid gold rolex inside...........???????? tongue.gif


    Cannot be. He said no $500 psf, he no buy.
  • 21 September 2013 - 08:28 PM
    Comnao

    Watching cnbc.. Dow seems like having a slight correction only leh..


    as long got 2% margin i happy liao.

    i do guerilla warfare, not conduct operations desert storm type
  • 21 September 2013 - 08:44 PM
    Throttle2

    nosebleed.gif

    Cannot be. He said no $500 psf, he no buy.


    No cash now, lost $2.6mil over nite. Not buying anything liao.

    Cannot retire already
    Need to work again


    Edited by Throttle2, 21 September 2013 - 08:48 PM.

  • 21 September 2013 - 09:08 PM
    Chucky2007

    No cash now, lost $2.6mil over nite. Not buying anything liao.

    Cannot retire already
    Need to work again

    Lost 2.6mil to your house right? Sell the house and get back 2.3mil after settling 16% ASSD..

    Warren said US stocks reaching over valuation..
  • 21 September 2013 - 11:50 PM
    Throttle2

    Lost 2.6mil to your house right? Sell the house and get back 2.3mil after settling 16% ASSD..

    Warren said US stocks reaching over valuation..


    No lah, $2.6mil cannot buy the house i want...
  • 22 September 2013 - 11:11 AM
    Solar

    Is anyone watching NYSE from the toilet like I am doing now ?

    The Dow is on a lau sai streak like what I am leaving behind in the throne

    SHOPPING time !!


    I thought continued printing is good for the stocks, equity and property market?
    and it seems weird that gold don't chiong that much as previously thought to be..
    wacko.gif
  • 22 September 2013 - 01:01 PM
    Ruzmidah
    My take is that US need to print more and more to sustain their spending debts.

    To keep QE stable at the previous amount is actually, in effect, a form of tapering in itself.

    Hence, everything will not chiong and we may well see economy downturn still.
  • 22 September 2013 - 02:04 PM
    Albeniz

    My take is that US need to print more and more to sustain their spending debts.

    To keep QE stable at the previous amount is actually, in effect, a form of tapering in itself.

    Hence, everything will not chiong and we may well see economy downturn still.


    With the recent announcement to delay tapering of QE, I see it as the last opportunity/time buffer to cash out all my stocks holdings before they come crashing down.
    It will happen.
  • 22 September 2013 - 02:53 PM
    Felipe

    With the recent announcement to delay tapering of QE, I see it as the last opportunity/time buffer to cash out all my stocks holdings before they come crashing down.
    It will happen.


    when they stop QE, then crash will happen.
  • 22 September 2013 - 03:05 PM
    Fcw75
    Been hearing this downturn and crash 2 years liao. Still don't see anything. laugh.gif
  • 22 September 2013 - 03:43 PM
    Wt_know
    lehman collapsed in sep 08
    sep 08 till now sep 13 ... 5 years liao still going strong
    usa debt ceiling, euro debt crisis, greece default, spain/italy high unemployment, cyprus bank run, etc
    all problems come and go ... music continues ... the can is kicked down the road ... money continues to roll

    Been hearing this downturn and crash 2 years liao. Still don't see anything. laugh.gif


    Edited by Wt_know, 22 September 2013 - 03:56 PM.

  • 22 September 2013 - 04:01 PM
    Thaiyotakamli

    Been hearing this downturn and crash 2 years liao. Still don't see anything. laugh.gif

    When crash happen everyone wont be able to predict, these kinds of crisis people anticipate already so thats why wont crash

    U must be caught in surprise then called crash laugh.gif

    Edited by Thaiyotakamli, 22 September 2013 - 04:01 PM.

  • 22 September 2013 - 04:10 PM
    Wt_know
    yeah crash happen with no warning
    when everyone is happy happy cheoing crash come fast and furious

    When crash happen everyone wont be able to predict, these kinds of crisis people anticipate already so thats why wont crash

    U must be caught in surprise then called crash laugh.gif


  • 22 September 2013 - 04:59 PM
    Solar
    actually, the main question is, what should a person be holding in order to survive (or even emerge without harm) after the crash.. property, equities, stocks, gold, cash (s$ or what)..
  • 22 September 2013 - 05:16 PM
    Solar

    When crash happen everyone wont be able to predict, these kinds of crisis people anticipate already so thats why wont crash

    U must be caught in surprise then called crash laugh.gif


    passed on a few opportunities in the past 2 yrs already.. knn..wait for it to crash but didn't crash..
    sekali take the plunge then it really crash.. don't have the guts to play this game... sleep.gif
  • 22 September 2013 - 05:18 PM
    Thaiyotakamli

    actually, the main question is, what should a person be holding in order to survive (or even emerge without harm) after the crash.. property, equities, stocks, gold, cash (s$ or what)..

    Cash

    Cos when crash property, stocks, equities all drop value

    Like what Mr Throttle said, U got The Cash, U got The Power rifle.gif
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