Looks like it is getting serious again....
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..will what the Jinx and the despots bought at 700+ go below 300 in less than a year???
BARCLAYS (BARC.L)At 11:35AM ET: 308.25
7.50 (2.38%) ..charge Singaporeans exhobitant HDB prices and lose the money to foreigners....
dishonorable despots and their nepotism....
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...one year chart...
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Crude Oil Rising and the Coming Great Depression
By Andrew PK Yap
www.newsintercom.org
June 22th 2008 a lazy Sunday at 0850am
If you know what causes oil to rise, you can know whether it will rise further, or the price increases is a bubble that will burst soon. One note about peering at the financial and commodities markets is that even if everything is right and spot on in this article; situation, circumstances will change. It is like predicting the ever-changing weather. All predictions are good till cancelled and not meant to last forever.
Knowing what causes the oil price to rise is good because whether it will continue to rise or not, has wide implications as oil has a hand in every aspect of the modern economy. Oil is in plastics and plastics are everywhere from in your kitchen to your car. In addition to the plastic in your car, oil is more importantly in the fuel tank. I bought a pressure cooker for my mushroom growing hobby recently and the price of the pressure cooker is less that the price of the petrol I pump into the car about twice a week. Calculate that.
The main reason why oil shot up so much and so fast is that India and China became richer and can buy more. When people can buy more, they will. We are not talking about a couple of million people able to buy more but a couple of billion people.
The most important thing to remember is whether the demand from India and China will come down. Slowing demand will not do. It has to be a clear drop in demand from India and China. It would take I think, a plague that wipes out 30% of the world’s population for demand to drop. -
Originally posted by Panache1976:
Ahem... over the past year, AndrewPKap's economic prophesies have mostly come true leh. And I too agree with him on a deep global recession in 2009.
Btw,
MER = $39
UBS = $24
C = $20
The bloodletting continues...
Singapore is built upon meritocracy, as our dear leaders like to tell us. I don't like the results I am seeing now. They better buck up and start working for their million dollar salaries... or else.
Excerpts from Reuters:
"Temasek bought the additional 12.5 million Merrill shares in February at $48 each, the same price it paid when it made its initial investment", a Temasek spokeswoman confirmed.
Four months later, $39. Lost how much? $9 per share. Wow. Take heart that the almost $1B paper loss is not as fast as funds transfer by electronic banking.
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The investment personnels really jinx...loss so much $ in such short time
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...instead of Ching, it should be Jinx...
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“Crude oil for August delivery reached a high of $140.39 a barrel in electronic trading on Globex as of 3 p.m. Eastern.
By Myra P. Saefong & Polya Lesova, MarketWatch Last update: 4:31 p.m. EDT June 26, 2008”DOW JONES INDUSTRIAL AVERAGE
Index Value: 11,453.42
Trade Time: 4:06PM ET
Change: Down 358.41 (3.03%) -
My guess is even when the despots bring Singapore to its knees, the dogs will still continue to lick their as-holes and enjoy it, unawares that their as-licking is why the despots can destroy Singapore....
Talk about traitors....
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I wonder why FireIce didnt insist that we continue pharking in the original thread?
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...are you too stupid to know that the previous one was for BUYING and this one is for SELLING... and to your idiotic brain, BUYING is the same as SELLING?
....The previous one was about the apparantly resolution of the sub-prime crisis and this one is about the CRUDE OIL and COMMODITIES crisis... and to a person with brains in his backside, like you, they are the same thing?
be careful you don't get aids from licking the despots as-holes OK?
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Do you think Obama will win the presidential election?
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...and stop being an as-hole licker and be a traitor to the country.... condemn the despots where they deserve to be condemned...
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...and don't worry, they are not gods ... they can't send your soul to h*ll for eternity if you criticise them for their dishonorable behavior... everyday they go to the toilet to sh!t like everyone... and they also end up in the intensive care ward and die a slow lingering death .... hahahahaha
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Do you think Hillary will do what Bill did in the oval office if she was elected as president?
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Originally posted by £ Ĭ €Ú°:
Do you think Hillary will do what Bill did in the oval office if she was elected as president?
Inpertinent question since Hillary is already out of the presidential race.
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Originally posted by AndrewPKYap:
My guess is even when the despots bring Singapore to its knees, the dogs will still continue to lick their as-holes and enjoy it, unawares that their as-licking is why the despots can destroy Singapore....
Talk about traitors....
Talk about traitors and despots indeed.
1. You aren't even a fund manager and you are decrying that mistakes had been made.
2. If you put $300 in a savings bank, do you get $600 the next day? You dont. No bank in the world could unless conmen, and you would lost $300. Should i instead buy out Bear Steins, of course i would double my investments, but it carries absolutely high risks, and such risks are not something SWF would dare engage in, as SWF are People's money, not theirs to play, and have to be extremely careful.
3. Those companies GIC and Temasek invested besides Barclays have strong fundimentals that would see a high turnaround once the subprime had been laid to rest. Currently, the subprime crisis is still simmering, and with Fed control, it is unlikely to lead to a bank run - simply because no matter how bad subprime goes, it is still backed by collaterals - property, and such properties can still fetch a price in the markets. The banks only lost its profits and will still continue to thrive once confidence is restored.
Lives will still go on, trade will still continue, and people will still need banks to earn interest and borrowings. The only time banks and reputable investments firms go bust is when planet Earth disintegerates. But by then, you and i will be dead anyway to think of collecting any money.
And Earth isnt about to explode into an asteriod field anytime soon. And what better time than now to make such investments? Because if we don't, someone else will and when it shoots back up, these foriegners will tell us to go fly kite and don't even bother talking to us.
Thus, such investments are long term. But if it amuses you to think that the share prices should shoot up tomorrow or drop to 0 cents, by all means go ahead. Scream doom, spread panic all you want with crap and let others see who are the real traitors here.
Investments are for saner heads, and looking at all you and your kind postings, i realized how true.
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Originally posted by DeerHunter:
Talk about traitors and despots indeed.
1. You aren't even a fund manager and you are decrying that mistakes had been made.
2. If you put $300 in a savings bank, do you get $600 the next day? You dont. No bank in the world could unless conmen, and you would lost $300. Should i instead buy out Bear Steins, of course i would double my investments, but it carries absolutely high risks, and such risks are not something SWF would dare engage in, as SWF are People's money, not theirs to play, and have to be extremely careful.
3. Those companies GIC and Temasek invested besides Barclays have strong fundimentals that would see a high turnaround once the subprime had been laid to rest. Currently, the subprime crisis is still simmering, and with Fed control, it is unlikely to lead to a bank run - simply because no matter how bad subprime goes, it is still backed by collaterals - property, and such properties can still fetch a price in the markets. The banks only lost its profits and will still continue to thrive once confidence is restored.
Lives will still go on, trade will still continue, and people will still need banks to earn interest and borrowings. The only time banks and reputable investments firms go bust is when planet Earth disintegerates. But by then, you and i will be dead anyway to think of collecting any money.
And Earth isnt about to explode into an asteriod field anytime soon. And what better time than now to make such investments? Because if we don't, someone else will and when it shoots back up, these foriegners will tell us to go fly kite and don't even bother talking to us.
Thus, such investments are long term. But if it amuses you to think that the share prices should shoot up tomorrow or drop to 0 cents, by all means go ahead. Scream doom, spread panic all you want with crap and let others see who are the real traitors here.
Investments are for saner heads, and looking at all you and your kind postings, i realized how true.
...if they buy now, they can either double their shareholdings or pay less than 50% of Barclays ...
..traitors of the country will continue to lick the despots' as-holes for some crumbs that drop from their tables and refuse to acknowledge and condemn them for their mistakes...
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BARCLAYS (BARC.L)On Jun 27: 298.00 p
5.75 (1.89%)yup, it has gone below 300
..now you know the real reason why they take so much of Singaporeans' money....
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...besides putting massive amounts of public money into their own pockets and call it "peanut salary"......
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andrew.... you fail your economics 101 isit?
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Incredible news! GIC and Temasek are equally money savvy.
Citi shares hit new low on downgrade
Citi (C) fell 6% to a decade-long low Thursday after analysts at Goldman Sachs downgraded the stock, citing the prospect of $8.9 billion in additional asset writedowns. The move comes just a week after Citi financial chief Gary Crittenden said the bank would take “substantial” writedowns in its second quarter ending this month. Analysts at UBS and Merrill Lynch have also predicted $8 billion or more in second-quarter writedowns at Citi, which has taken the biggest hits of any financial firm from losses on subprime mortgages and rising credit costs.
Goldman predicts Citi may have to cut its dividend for the second time or sell more common stock to raise additional capital. The bank has already raised more than $30 billion over the past year, primarily through sales of preferred stock. Were it to cut its dividend for a second time, Citi would join distressed regional lenders such as Washington Mutual (WM) and National City (NCC), both of which have cut their quarterly payouts to just a penny a share in a bid to conserve cash. Citi, which only a year ago was the biggest U.S. bank by market capitalization, now trails JPMorgan Chase (JPM) and Bank of America (BAC) and is valued at just $95 billion - marking a shareholder loss of some $155 billion over the past year.
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...this is what happens when you have dishonorable despots in power... they rather raise their own salaries by obnoxious amounts using public money ... they rather lose the money to foreigners than cut petrol taxes for Singaporeans, and then claim that subsidies is bad!!!! They pretend to be subsidising when they are taxing exorbitantly...
...anyway, with the dogs licking their as-holes and the rest in apathy... Singaporeans deserve the abuse by the dishonorables and the disaster that is coming on them....
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Singaporeans should just unite behind Dr Chee Soon Juan since he is the only one willing to be a martyr for the sake of a better Singapore.....
...and the better do it fast before the despots destroy Singapore totally.... (while they enrich themselves with public money...)
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Andrew, I read Madonna is going to divorce her husband Guy Ritchie is that true?