Originally posted by Meilin86:
Hi Bro Andrew. Can Strong Asian growth from China and India able to hold the subprime crisis from US and the fear of spiking oil prices? It's kinda scary when recession arrives.
It is hard to tell because of the lack of democracy... in Asia ... you just don't know... they hide everything and
“They will be using ”special accounting techniques“ to either paint a rosy picture or paint a less dire picture of the situation and hope that time will heal all wounds...”
You have no choice but to follow the trends on a daily basis... or at least a weekly basis... but for now, you prepare for the worse... because it looks really bad...
India is still not so bad... but China is in serious trouble...
If the US$ continues to plunge and because the Chinese Yuan is pegged to the US$ they will suffer...
If they decouple from the US$ now, and because are holding massive amounts of US Debt...
>>>>>>Dollar Remains Main Currency Reserve, China's Yi Says (Update1)
By Min Zeng
Nov. 14 (Bloomberg) — The U.S. dollar will remain the ``main currency'' in China's $1.43 trillion foreign reserves, said Yi Gang, assistant governor of the People's Bank of China.
The dollar tumbled to a record low on Nov. 7 against a basket of major currencies, including the euro and the yen, after Cheng Siwei, vice chairman of the National People's Congress, said China will invest in stronger currencies when diversifying its foreign reserves.
``The U.S. dollar is the main currency in our reserves and that policy remains very firm,'' Yi said today at a Cato Institute conference in Washington. ``Of course we should diversify. But the proportion of the foreign reserves should be in line with the real economy — trade, foreign direct investment, clearance and settlement.'' >>>>>>>>>
...they will suffer.
If they let the Chinese yuan appreciates and there is a slowdown in the US economy, they will suffer.
If they don't decouple, inflation will destroy them...
CHINA. INFLATION HITS 11-YEAR HIGH; FOODSTUFF PRICES SKYROCKET
Agenzia Giornalistica Italia, Italy - Nov 13, 2007
(AGI) - Beijing, Nov.13 - Inflation in China hit an 11-year high in October, driven by the increase in foodstuff prices. In China, the consumer price index ...
They are thinking of price controls... for essential items...
In Singapore, because the PxP government has put the majority into debt with their "take as much of the people's money as possible" policies and make everything expensive so people will have to work harder policies... might just destroy us all....
In the meantime, Temasek's investments overseas, that are supposed to be used as a buffer for bad times like these... will be worth little by the time the crisis become full-blown.
You see, people and especially Temasek, used to think that banks, are very safe investments.
This time it is the banks that are causing all the problems.
PxP and Temasek will not tell you the truth...
“They will be using ”special accounting techniques“ to either paint a rosy picture or paint a less dire picture of the situation and hope that time will heal all wounds...”
... or they will make sure by hook or by crook their local investments make money (make money from Singaporeans) to offset their foreign investments.
see an article I wrote:
Open your books, Temasek Holdings
Columns By Andrew PK Yap
Founder of www.casinogamblingprevention.comas for you personally, try to keep your job.... and be mentally prepared... and follow the weekly trends....
Clear all your credit cards debts and any debts that you can clear....
If you have savings, convert some of your money into Thai Baht... because Thailand is the second biggest economy in SEA... and you can go to Thailand by bus...
Don't be fooled by people telling you to cash in through speculating... like casino gambling, you imagine you will make lots of money but lose everything instead...