Tharman says S’pore not headed for a recession
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A "DeerHunter" just joined - June 2008 - with this being the first post and coming head-on to make a 'point-blank' attack ? This is interesting.
Hey, DeerHunter - you betta watch which deer you are hunting, as there is only the Gazelle around these threads taking on several disguises, and with his ingenious idiocy, he may well be you.
Are you wearing the panties that you took from your friend's sister ?
Hello Gazelle - have you given up being a Gazelle to be a Deer Hunter ?
Are you sure you can wank your gun straight, or will it become a 'Point Blank' effort ?
Originally posted by DeerHunter:"As matters stand, Singapore entrepot business is not dependent on products from China, with the bulk of it being importing raw materials, processing it and exporting the final processed products - “such as wafer fabrication and oil refining”."
You therefore claim our trade is no longer reliant on China?
Did I make such a claim, or did you make your own inference to a straight forward statement ?
"Do you believe in all the propaganda about China's size and economic drive to become the engine of growth for Singapore's manufactured products ?"
You claim China will not be an engine of growth for our country?
Before you ask this question, can you answer one that will give you the obvious reply - "How do you think China will fit into our Singapore Economy to become an engine for our growth ?"
"If China's domestic market is large enough to cushion any impact from a recession in the US, and deflating the US consumer market from buying up the luxury goods that are made in China - do you seriously believe that China's consumers are wealthy enough to make up for the loss of the wealthy US consumers ?"
227 million american consumers against 1 billion chinese? With China's trade diversification with the world of another 5 billion people? You are claiming the factory of the world cannot cushion the impact?
In a 1 Billion Chinese population - are there 227 million Chinese with similar income size as the 227 million Americans ?
With the rest of the world similarly tied into a grid and being dependent on the US market, do you think that a recession that hits the USA will not similarly hit the other 5 billion people across the globe ?
As matters stand, the sub-prime scandal in the USA has already dragged several banks down across the globe - how long does the Factory of the World plan to continue producing, if the Markets of the World starts to shut down simultaneously ?
Where did you study economics? No, no need to reply that question, I just hope it was not from some coffeeshop. As for the rest of your post, I don't think it's even worth asking.
Where did you study your economics ? From Santa Klaus land - counting the letters, and managing Santa's economy to prepare for the one day that matters in a calendar for a deer ?
Did you shoot yourself - DeerHunter a.k.a Gazelle, ?
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the impact of China is clear. Within ten years, most Asians (including most Singaporeans) shall become coolies and a few percentage of the Chinese population will become masters.
Accept the challenge and try to stay afloat. Good luck.
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Originally posted by Atobe:
A "DeerHunter" just joined - June 2008 - with this being the first post and coming head-on to make a 'point-blank' attack ? This is interesting.
Hey, DeerHunter - you betta watch which deer you are hunting, as there is only the Gazelle around these threads taking on several disguises, and with his ingenious idiocy, he may well be you.
Are you wearing the panties that you took from your friend's sister ?
Hello Gazelle - have you given up being a Gazelle to be a Deer Hunter ?
Are you sure you can wank your gun straight, or will it become a 'Point Blank' effort ?
Did I make such a claim, or did you make your own inference to a straight forward statement ?
Before you ask this question, can you answer one that will give you the obvious reply - "How do you think China will fit into our Singapore Economy to become an engine for our growth ?"
In a 1 Billion Chinese population - are there 227 million Chinese with similar income size as the 227 million Americans ?
With the rest of the world similarly tied into a grid and being dependent on the US market, do you think that a recession that hits the USA will not similarly hit the other 5 billion people across the globe ?
As matters stand, the sub-prime scandal in the USA has already dragged several banks down across the globe - how long does the Factory of the World plan to continue producing, if the Markets of the World starts to shut down simultaneously ?
Where did you study your economics ? From Santa Klaus land - counting the letters, and managing Santa's economy to prepare for the one day that matters in a calendar for a deer ?
Did you shoot yourself - DeerHunter a.k.a Gazelle, ?
"A "DeerHunter" just joined - June 2008 - with this being the first post and coming head-on to make a 'point-blank' attack ? This is interesting."
Yes, it is most interesting, to me, only because I cannot help overlooking your misleading statements either out of blind hatred or just pure ignorance.
"Did I make such a claim, or did you make your own inference to a straight forward statement ?" Do you always answer question to yours with another to hide your ignorance? By your inference, you are claiming our trade is no longer reliant on China, simply put.
Are you aware our trade with China is worth $27billion both ways? Do you know the level of economic activities it generates for thousands of workers here? I doubt so. If you or your master is ever in power, i really hope you guys studied Economics from 'Santa Claus'. The jobless under your care gonna need presents from you!
"Before you ask this question, can you answer one that will give you the obvious reply - "How do you think China will fit into our Singapore Economy to become an engine for our growth ?"
You are indeed brainless not to be able discern that fact. Do go back to school, ignoramus and upgrade yourself, if not, keeping silent on such subjects, instead of attempting to be an intellect, would not make you look like a fool.
"In a 1 Billion Chinese population - are there 227 million Chinese with similar income size as the 227 million Americans ?
With the rest of the world similarly tied into a grid and being dependent on the US market, do you think that a recession that hits the USA will not similarly hit the other 5 billion people across the globe ?
As matters stand, the sub-prime scandal in the USA has already dragged several banks down across the globe - how long does the Factory of the World plan to continue producing, if the Markets of the World starts to shut down simultaneously ?"
You continue to ask questions in reply to questions. Are you afraid to make a statement, in the fear that if you are proven wrong, you can backtrack and wiggle out of it? Despicable! What you are infering is a complete meltdown. You are obviously utterly stupid. Reason being, trade is based on resources, required by mankind. No matter how much liquidity is lost, there will always be economic activities tied with resources that are still abundant in the world, with some having more liquidity than others which will generate jobs and wealth. China will still be able to continue on. Your stupidity astounds me.
"Are you wearing the panties that you took from your friend's sister ?
Hello Gazelle - have you given up being a Gazelle to be a Deer Hunter ?"
If the only intelligence you have is to cast aspersions and wild speculations on me, then I see no reason to reply futher to you. I would rather let others mock you for your vile and ridiculous infantile behavior here. -
Deerhunter, if you are not Gazelle or anyone's clone, and it's the first time you are posting here, there's absolutely no reason why you should be rude in your first few posts.
If the only intelligence you have is to cast aspersions and wild speculations on me, then I see no reason to reply futher to you
And no newcomers would even understand and reply that statement Atobe made.
Finally,
you made the exact same spelling error as Pekei, aka Gazelle. Need I say more? -
Originally posted by eagle:
Deerhunter, if you are not Gazelle or anyone's clone, and it's the first time you are posting here, there's absolutely no reason why you should be rude in your first few posts.
And no newcomers would even understand and reply that statement Atobe made.
Finally,
you made the exact same spelling error as Pekei, aka Gazelle. Need I say more?Dear Eagle,
This is the first time i am replying to you and hopefully the last time. Please do not attempt to tell me what I can or cannot do on my posts, so long as i write responsibily as responses to what i see fit, irregardless of first or last post, for you would be infringing on my freedom of expression,
Secondly, I thank you for criticising my post for its spelling errors, of which i can only claim that i am writing on a forum and not for a peer review dissection, and do not have the time to check for (edit:) spelling errors. Nevertheless, it is a spelling error on my part which i will endeavor to correct with time.
However, do not claim i am somebody else please, unless you have evidences that are irrefutable, otherwise you would only look like an a small child given a bunch of bananas instead of sweet juicy grapes.
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http://news.bbc.co.uk/1/hi/business/1431658.stm
Tuesday, 10 July, 2001, 09:43 GMT 10:43 UK
Singapore falls into recessionSingapore's economy shrank by 10.1% during the three months to June, its second successive quarterly contraction.
Two quarters of falling gross domestic product (GDP) means that the Singaporean economy is now technically in a recession.The second-quarter contraction has turned annual GDP growth negative - a drop of 0.9% year on year - for the first time since the pan-Asian economic crisis of 1997.
The slowdown is blamed on exceptionally weak global demand for high-tech equipment, an industry on which Singapore is heavily reliant.
Manufacturing, half of which is high-tech, accounts for one-quarter of Singaporean GDP.
And Singapore is particularly vulnerable to the ebb and flow of the global economy, since more than two-thirds of its industrial production is exported.
The Singapore dollar has plumbed a series of 11-year lows, to about 1.835 against the US dollar, in trade over the last few days.
Nasty surprise
The Singaporean authorities had been expecting a slowdown ever since the outlook for the international technology sector turned sour in the middle of last year.
Singapore is heavily reliant on trade
But the figures were worse than expected.They prompted the trade and industry ministry to slash its economic growth forecast for this year down to 0.5-1.5%, from the 3.5-5.5% estimated in April.
At the start of 2001, the ministry had forecast 5-7% GDP growth.
Liberals
During Asia's 1997 economic crisis, many governments in the region raised trade barriers and increased regulation, in an attempt to slow the outflow of foreign capital.
This time, however, Singapore seems determined to accelerate liberalisation.
At the end of last month, the Monetary Authority of Singapore, the territory's central bank, unveiled the second phase of a financial deregulation plan announced two years ago.
More foreign banks will be allowed to open branches in Singapore.
And all five of Singapore's biggest banks - long protected from outside competition - are now engaged in takeover bids.
A revival of the financial sector, the government hopes, could go some way to compensate for the feeble performance of export-oriented manufacturing.
BBC News Online
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Originally posted by DeerHunter:
"A "DeerHunter" just joined - June 2008 - with this being the first post and coming head-on to make a 'point-blank' attack ? This is interesting."
Yes, it is most interesting, to me, only because I cannot help overlooking your misleading statements either out of blind hatred or just pure ignorance.Hello Gazelle, do you need to take on a new personna just to show that someone else is prepared to take over the cudgel and represent the idiocy of a Gazelle ?
How many more new nicks do you intend to come up with ?
Have you paid your dues to Jason for each of the new nicks, or do you let each one to be locked up for the bad debts that you are creating with your I.P. ?
"Did I make such a claim, or did you make your own inference to a straight forward statement ?" Do you always answer question to yours with another to hide your ignorance? By your inference, you are claiming our trade is no longer reliant on China, simply put.
Are you aware our trade with China is worth $27billion both ways? Do you know the level of economic activities it generates for thousands of workers here? I doubt so. If you or your master is ever in power, i really hope you guys studied Economics from 'Santa Claus'. The jobless under your care gonna need presents from you!Both ways ?
What possibly can China import from Singapore that allows China not to have a larger Trade Surplus over Singapore ?
Are you not as deluded as Gazelle in the usual manner ?
"Before you ask this question, can you answer one that will give you the obvious reply - "How do you think China will fit into our Singapore Economy to become an engine for our growth ?"
You are indeed brainless not to be able discern that fact. Do go back to school, ignoramus and upgrade yourself, if not, keeping silent on such subjects, instead of attempting to be an intellect, would not make you look like a fool.Was it not your own grand idea in attempting to project China as an engine for Singapore's continued economic growth ?
If you cannot even attempt to elaborate further on an idiotic idea that only a Gazelle can produce - why will you attempt to defend Gazelle with such enthusiasm ?
Gazelle-Hunter skillfully wanking a gun that created the messy slop oozing out of his own Aelop's butt.
"In a 1 Billion Chinese population - are there 227 million Chinese with similar income size as the 227 million Americans ?
With the rest of the world similarly tied into a grid and being dependent on the US market, do you think that a recession that hits the USA will not similarly hit the other 5 billion people across the globe ?
As matters stand, the sub-prime scandal in the USA has already dragged several banks down across the globe - how long does the Factory of the World plan to continue producing, if the Markets of the World starts to shut down simultaneously ?"You continue to ask questions in reply to questions. Are you afraid to make a statement, in the fear that if you are proven wrong, you can backtrack and wiggle out of it? Despicable! What you are infering is a complete meltdown. You are obviously utterly stupid. Reason being, trade is based on resources, required by mankind. No matter how much liquidity is lost, there will always be economic activities tied with resources that are still abundant in the world, with some having more liquidity than others which will generate jobs and wealth. China will still be able to continue on. Your stupidity astounds me.
With the US economy being the lynchpin for every other economy on this globe, what do you expect when its economy breaks up completely ?
It happened during the Great Depression that began in the USA, spilling into Europe, and spread across the globe like wild fire.
Are you not astoundingly ignorant, or simply too filled with idiocy to learn anything from History ?
Is there any use for resources when there is no credit available for manufacturers to buy plants and machineries, or any credit available for consumers ?
You are looking at the entire economy with a microscopic vision at niche areas, without considering the macro effects that has a knock-on momentum that affect almost every aspects of the global economic life.
Astounding - surely it must be to one who is the Gazelle pretending to hunt the Deer.
I am surprised that you did not feel overwhelm sufficiently but would make a vain attempt to salvage your sinking arguments.
"Are you wearing the panties that you took from your friend's sister ?
Hello Gazelle - have you given up being a Gazelle to be a Deer Hunter ?"
If the only intelligence you have is to cast aspersions and wild speculations on me, then I see no reason to reply futher to you. I would rather let others mock you for your vile and ridiculous infantile behavior here.Did anyone invite you to change your nick to take up the cudgel for Gazelle, when you show your true inability to defend an indefensible position that only a Gazelle will be prepared to butt head-on in a typical wild charge.
Did you shoot a deer, or a Gazelle - surely you have no guts to take on a Bear ?
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US recession may cause Singapore's GDP growth to drop to 3%
By Ng Baoying, Channel NewsAsia | Posted: 27 March 2008 2025 hrsSINGAPORE: The market generally expects Singapore's economy to grow by 5.5 percent this year.
But economists at Nanyang Technological University (NTU) said if the United States goes into a recession, there is a 50 percent chance that Singapore's GDP growth may drop to as low as 3 percent.
Generally, consumer demand is expected to slow down this year, whether or not the US goes into a recession.
Choy Keen Meng, Assistant Professor, Economics Division, Humanities & Social Sciences School, NTU, said: "Consumer spending would definitely be cut back because consumers in Singapore and all around the world are realising that the US economy is slowing, the world economy is slowing, and psychological reaction to that is to be more cautious in spending."
If US goes into a recession, the electronics sector which tends to be driven by US demand is likely to suffer the hardest hit. NTU economists expect a 1.3 percent dip in chip sales then, versus a 6.9 percent recovery if the US holds up.
Experts said the construction sector will likely be Singapore's main pillar of support in those difficult times. And while the services sector is more insulated from external pressures, they will not escape the ripple effects of the US recession on regional economies.
A bright spot, however, will be tourism-related services, which will benefit from upcoming projects like the Formula One night race and the integrated resorts.
Financial services are forecast to see a heavy slowdown from a 12.5 percent growth in 2007 to just 6.5 percent this year.
Overall, inflation is expected to stay high.
"Unfortunately, inflation will remain very high this year. We are forecasting about 7 percent inflation in the first quarter and about 6 percent inflation in the second quarter," said Prof Choy.
Inflation is then expected to ease in the second half of this year to 3 to 4 percent. For the whole year, NTU expects inflation to come in at 4.5 to 5 percent.
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Business News
SIngapore investors expect global financial crisis and recession
Singapore - The spread of the financial contagion beyond the United States
has increased the likelihood of a global financial crisis and recession, the executive director of Singapore's sovereign wealth fund warned on Monday.
'We could be facing a recession which is longer, deeper and wider than any recession that we have encountered in the last 30 years,' said Tony Tan at a staff conference of the Government Investment Corporation (GIC), which bought substantial stakes in troubled UBS in December and Citicorp in January.
Tan, who is also the GIC's deputy chairman said the investments in the Swiss and US giants are regarded as 'long-term investments which will give us good returns when markets stabilize and economic conditions return to more normal levels.'
'We are now entering a period of extreme uncertainty in the world economy and the global financial markets,' Tan said. 'As banks continue to de-leverage, cutting down on their lending activities and causing contraction in credit supply, the prospects for the US economy and possibly even the world economy are fraught with considerable downside risk.'
The economic downturn can be mitigated if decisive and timely actions are taken by policy makers in the United States and elsewhere, he said.
'If such actions by the authorities are not taken within the next three to four months, it will be left to the market forces of supply and demand to stabilize the US housing market before we can see the light at the end of the tunnel,' Tan said. 'This will be a considerably more painful and long drawn process.'
Financial and investment markets will be extremely nervous and volatile over the next one to two years, Tan said. Policymakers, business managers and investors will require 'fortitude and nimbleness.'
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Originally posted by DeerHunter:
irregardless
your word above is a dead giveaway. i noticed the same mistake on using that word, `irreagrdless' on different nicks.
there is no such word. `regardless' is what you should have written, but i guess old habits die hard.
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Originally posted by redDUST:
your word above is a dead giveaway. i noticed the same mistake on using that word, `irreagrdless' on different nicks.
there is no such word. `regardless' is what you should have written, but i guess old habits die hard.
And the word wiggle, which Pekei has constantly misspelt.Old habits die hard I guess.
Once is concidence, twice is?
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Originally posted by eagle:
And the word wiggle, which Pekei has constantly misspelt.Old habits die hard I guess.
Once is concidence, twice is?
I noticed many people in this forum commonly misused the word "Sheeps", because the plural for Sheep should be Sheep (without) a S.
If whatever you said can be used as evidence, then I think there is also a strong possibility that many forummers here are actually the same person, as they have all misspell the same word and they have pretty much have the same opinion on the topics posted in this forum.
What do you think?
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Originally posted by Atobe:
Hello Gazelle, do you need to take on a new personna just to show that someone else is prepared to take over the cudgel and represent the idiocy of a Gazelle ?
How many more new nicks do you intend to come up with ?
Have you paid your dues to Jason for each of the new nicks, or do you let each one to be locked up for the bad debts that you are creating with your I.P. ?
Both ways ?
What possibly can China import from Singapore that allows China not to have a larger Trade Surplus over Singapore ?
Are you not as deluded as Gazelle in the usual manner ?
Was it not your own grand idea in attempting to project China as an engine for Singapore's continued economic growth ?
If you cannot even attempt to elaborate further on an idiotic idea that only a Gazelle can produce - why will you attempt to defend Gazelle with such enthusiasm ?
Gazelle-Hunter skillfully wanking a gun that created the messy slop oozing out of his own Aelop's butt.
With the US economy being the lynchpin for every other economy on this globe, what do you expect when its economy breaks up completely ?
It happened during the Great Depression that began in the USA, spilling into Europe, and spread across the globe like wild fire.
Are you not astoundingly ignorant, or simply too filled with idiocy to learn anything from History ?
Is there any use for resources when there is no credit available for manufacturers to buy plants and machineries, or any credit available for consumers ?
You are looking at the entire economy with a microscopic vision at niche areas, without considering the macro effects that has a knock-on momentum that affect almost every aspects of the global economic life.
Astounding - surely it must be to one who is the Gazelle pretending to hunt the Deer.
I am surprised that you did not feel overwhelm sufficiently but would make a vain attempt to salvage your sinking arguments.
Did anyone invite you to change your nick to take up the cudgel for Gazelle, when you show your true inability to defend an indefensible position that only a Gazelle will be prepared to butt head-on in a typical wild charge.
Did you shoot a deer, or a Gazelle - surely you have no guts to take on a Bear ?
"Both ways ?
What possibly can China import from Singapore that allows China not to have a larger Trade Surplus over Singapore ?
Are you not as deluded as Gazelle in the usual manner ?"
Further questions. You really don't dare to answer them or too stupid to give your analytical thoughts on the subject matter?
"Was it not your own grand idea in attempting to project China as an engine for Singapore's continued economic growth ?"
Further questions. You really don't dare to answer them or too stupid to give your analytical thoughts on the subject matter?
"With the US economy being the lynchpin for every other economy on this globe, what do you expect when its economy breaks up completely ?
It happened during the Great Depression that began in the USA, spilling into Europe, and spread across the globe like wild fire.
Are you not astoundingly ignorant, or simply too filled with idiocy to learn anything from History ?
Is there any use for resources when there is no credit available for manufacturers to buy plants and machineries, or any credit available for consumers ?"
"You are looking at the entire economy with a microscopic vision at niche areas, without considering the macro effects that has a knock-on momentum that affect almost every aspects of the global economic life."
No, I did not mentioned any niche areas, you are putting words into my mouth and i detest that. What macro effects are you alluding to? And I view the economy with a microscopic vision? I would call your view the catastrophic version of an event than can never happen, not even with a cataclysmic meteor strike, for even after that life will still go on.
"I am surprised that you did not feel overwhelm sufficiently but would make a vain attempt to salvage your sinking arguments."
I am indeed overwhelm, but only by your utter stupidity on the subject matter. You had not been able to dispute a single line of my arguments except to throw more obfuscation through your insidious questioning, not for the sake of knowledge, but to add further confusion to your speculations. Go on and fool those whose mental capacity are as low as yours. Others who know, knows better.
Do you fear this nick gazelle or whatever nick you constantly claim i am to the point of paranoia that you see him in everyone else that puts you in your place - the rubbish bin?
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Originally posted by £Îª€Ú°:
I noticed many people in this forum commonly misused the word "Sheeps", because the plural for Sheep should be Sheep (without) a S.
If whatever you said can be used as evidence, then I think there is also a strong possibility that many forummers here are actually the same person, as they have all misspell the same word and they have pretty much have the same opinion on the topics posted in this forum.
What do you think?
Another May account
Pls find out how many forumers used this word: "wiggle"
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Thank you for your 2 posts, Hyperfocal.
SIngapore investors expect global financial crisis and recession Apr 21, 2008, 5:40 GMT
US recession may cause Singapore's GDP growth to drop to 3%
By Ng Baoying, Channel NewsAsia | Posted: 27 March 2008 2025 hrsAs you can see, those are dated news, of which prompted Finance Minister Tharman Shanmugaratnam on Monday 9th June to reassure the public.
I will spare all here the economic babblegook and instead use simple words here so that more may understand. I will now relate a story often heard. Mr Lee Kah Shing, one of the richest man in Asia was walking on a pavement with his friends when he noticed a 10cts coin on the ground. He picked it up and pocketed it.
His friends chided him on he being a miser. But his reply was "This 10cts is no use to anyone laying in the gutter. It would be better to use it so that in its circulation, others will benefit"
The point of this story is :- Money needs to be circulated. It is of no use if it is hoarded up. When no one spends money, shops and markets will close. Worse if it is kept in banks, for they will have to lower interest rates, take higher risks to lend money to speculative investments so that the banks may earn loan interests to pay for savings interest. When default, the banks go belly up, customers lose their savings.
What makes people hoard up or spend less is fear. Such fears will only to lead to further self prophecies of doom such as recessions, etc. simply because people are worried.
The whole foundation of the market place is built and can succeed on only one thing - confidence. Confidence that someone will buy and someone will sell, which is true, for who amongst us have not something we need?
Our country is in a better position to weather whatever storms may arrive, simply because we have
1. Foreign workers. The influx of cheap labour had enabled companies, which would have gone to their country instead, to set up here in our safe and law abiding country. Such companies provide employment for many of our workers, from white to blue supervisory collars for our ITE grads, which would not had a chance for employment had they not been around. And in a recession, it had been always the unskilled to be the first to go.
2. Reserves. There are US$300billion dollars in our coffers. It is alot of money and its accrued interests and dividends can and had been used to help fellow Singaporeans tide over rough times.
It would not be prudent to give it all out, for it would not be enough for all, nor enough for subsidies, but it can be used to pay more for national projects that our businessmen can earn to pay their workers, now that resource prices had risen.
3. Public and private initiatives to help those whom are really down and out through MCD, CDCs,NGOs,etc.
4. Lower GDP does not mean NO GDP. There will still be economic activities, no matter how the market performs.
I will not bore others to list more, but due to good government and a resiliant people, I believe together we can weather the rough seas ahead. Inflation is up, but not to our eyeballs. For us singaporeans, it means just giving up one meal in restaurants or a second pub outing for the week, unlike our asian neighbours, who may not earn enough to buy bread alone for himself. Just keep an eye out on non credible opportunitsts who may seek to divide us up. Good luck and have some confidence. It's not all doom and gloom in reality as some here want us all to believe.
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Originally posted by DeerHunter:
"Both ways ?
What possibly can China import from Singapore that allows China not to have a larger Trade Surplus over Singapore ?
Are you not as deluded as Gazelle in the usual manner ?"
Further questions. You really don't dare to answer them or too stupid to give your analytical thoughts on the subject matter?
For one who claim to be smarter than Gazelle, you certainly know how to react in the same manner as Gazelle when you cannot get things in the manner that you wished.
The question speaks for itself in being more polite at ridiculing your efforts that the Singapore-China trade ''is worth $27 Billion" both ways - it seems that you cannot discern the polite effort at questioning your position.
How did you brilliantly arrive at the magic figure of $27 Billion - was it in USD or SGD currencies, and from which year statistics was that number plucked from ? 1975 ?
Have you tried 'googling' if you cannot even pluck the right numbers from the fragrance that constantly hover around you ?
If you are capable - try digesting the following numbers from a report titled :
‘US-China Trade Statistics and China’s World Trade Statistics’
- and when you are done, shall we delve deeper into your ability at comprehending facts from your fantasy.
"Was it not your own grand idea in attempting to project China as an engine for Singapore's continued economic growth ?"
Further questions. You really don't dare to answer them or too stupid to give your analytical thoughts on the subject matter?
I am giving the immense ability of a Gazelle-Hunter the room to display his hunting prowessness, and see if he will shoot the Deer or the Gazelle.
"With the US economy being the lynchpin for every other economy on this globe, what do you expect when its economy breaks up completely ?
It happened during the Great Depression that began in the USA, spilling into Europe, and spread across the globe like wild fire.
Are you not astoundingly ignorant, or simply too filled with idiocy to learn anything from History ?
Is there any use for resources when there is no credit available for manufacturers to buy plants and machineries, or any credit available for consumers ?"
"You are looking at the entire economy with a microscopic vision at niche areas, without considering the macro effects that has a knock-on momentum that affect almost every aspects of the global economic life."
No, I did not mentioned any niche areas, you are putting words into my mouth and i detest that. What macro effects are you alluding to? And I view the economy with a microscopic vision? I would call your view the catastrophic version of an event than can never happen, not even with a cataclysmic meteor strike, for even after that life will still go on.
Of course you did not mentioned any niche areas - that was my view of how your silly performance, and that statement was not putting words in your mouth, it is your Gazelle ways of reading nonsense into your sheep brain while pretending to be a Gazelle, and now think you are a remarkable DeerHunter.
Of course life will go on, as the Humanoid is far resillient that any four-legged animals - as has been proven by the evolution of Mankind.
Will you gamble that there will not be a global meltdown - if no one takes any action - when the US economy spiral downwards out-of-control ?
Are you so certain of this when you cannot even discern the difference sarcasm and cynicism ?
"I am surprised that you did not feel overwhelm sufficiently but would make a vain attempt to salvage your sinking arguments."
I am indeed overwhelm, but only by your utter stupidity on the subject matter. You had not been able to dispute a single line of my arguments except to throw more obfuscation through your insidious questioning, not for the sake of knowledge, but to add further confusion to your speculations. Go on and fool those whose mental capacity are as low as yours. Others who know, knows better.
Gazelle, Gazelle , still playing to the attention of the larger audience, and hoping that they will rescue you from your untenable position.
Do you fear this nick gazelle or whatever nick you constantly claim i am to the point of paranoia that you see him in everyone else that puts you in your place - the rubbish bin?
Do I sound like I fear Gazelle ?
Come on Gazelle, surely your head has not swelled to the size that you believe you can float naturally under your own steam ?
The tone and quality of your responses has the hoof prints of the Gazelle, as much as you wish to distract others with the nick as a DeerHunter - is there any difference in the style and reasoning abilities between yourself and the Gazelle ?
Only a fool will register and defend a Gazelle's position with so much enthusiasm - for one who knows next to nothing about the issues being discussed, and will plunge headlong into an ongoing debate in the style of the Gazelle.
In any case, whether you are a Gazelle-Hunter or the Deer, we can always say good bye to old rubbish.
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the idea that china are insulated from the american possible recession is unfounded.
The majority of chinese exports are already to american. even a drop by 20% of export to american can hurt most company in china.
some of the badly affected industries could be
1. textile, electronics, semiconductors. F&B, shipping.
province like zhejiang, guangdong in my opinion will be hard hit.
thereafter, the effect will trickle down to domestically such as housing, banks, local F&B.
to think some industries like tourism, construction can help singapore avoid recession in 2009 is not likely. F1 will only create boom for services for 1 mth.
even if these 2 industries can help singapore avoid a recession, most singapore will be benefiting from it becoz tourism and construction dont employ that much singaporeans.
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If anything, I believe the coming recession will be worse than those previous recessions in Singapore.
When the full force of the prblems from the US finally spreads to Europe and Asia, it could be a rude awakening for the rest of the world especially for an economy like Singapore's.
We are living in a more interconnected world these days.
Might even make the 1998 asian financial crisis look wimpy.
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Originally posted by Pekei:
Singapore economy is now less reliant on US economy than we were during the last recession, so I dont foresee what our economy will go into a recession unless something bad happen to China economy.
As for those who think Thaman is talking cock, you might want to tell us why Singapore will go into a recession instead of simply saying government is talking cock.
This is Pekei first comment on this thread.
And this is Atobe response to his thread.
Originally posted by Atobe:Is Singapore export more to China, or is Singapore buying more from China ?
Is Singapore export still not largely dependent on the Electronics Industries that are totally dependent on the US market ?
Do not attempt to sniff at others if your are still strung up on the aroma of your favorite fabric, and if you cannot understand simple English in what others have posted - be more civil in your remarks unless you are also infatuated with talking about cocks as well besides your unsanitary fabrics ?
Anybody who have basic understanding of China-Singapore trade relationship will know that Atobe doesnt have a clue about the subject and that is the reason why he is asking questions instead of giving clear statements.The interesting part is, despite his short fall, there are still so many forumers who are queing up to back him up.
I think something must be wrong with this forum and I suspect this forum could be sponsored by SDP with intention to use this as a platform to spread anti government sentiment using lies and fabricated facts.
If it is true, I think they have done a really good job.
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Welcome, welcome.
Another new poster.
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Originally posted by charlize:
Welcome, welcome.
Another new poster.
It seems like all the new registered posters only has one common agenda
Some people just lead and plainly pathetic life.This new poster (registered 4th June 2008) should be charged with sedition and slander.
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Originally posted by eagle:
It seems like all the new registered posters only has one common agenda
Some people just lead and plainly pathetic life.This new poster (registered 4th June 2008) should be charged with sedition and slander.
I bet it is gazelle using new nick again.
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Originally posted by DeerHunter:
Thank you for your 2 posts, Hyperfocal.
SIngapore investors expect global financial crisis and recession Apr 21, 2008, 5:40 GMT
US recession may cause Singapore's GDP growth to drop to 3%
By Ng Baoying, Channel NewsAsia | Posted: 27 March 2008 2025 hrsAs you can see, those are dated news, of which prompted Finance Minister Tharman Shanmugaratnam on Monday 9th June to reassure the public.
Yes, that news was dated 21 April 2008 @ 5.40 GMT - 2 months old news.
How sure are you that Minister Tharman was referring to this piece of old news ?
Do you think that Singapore Ministers are so ill informed of global events in this age of instantaneous information, and will rely on out-dated information that will make their public speeches vulnerable to inaccuracies ?
Perhap, it is you - who is the ill informed one.
Have you read this piece that is freely available on the www - if only you will click on it, and this is one of quite a few similar assessments of the very dire state of the US economy if you have taken the trouble to make intelligent use of Google ?
‘The US Economic Recession – An Update : 4 June 2008’
I will spare all here the economic babblegook and instead use simple words here so that more may understand. I will now relate a story often heard. Mr Lee Kah Shing, one of the richest man in Asia was walking on a pavement with his friends when he noticed a 10cts coin on the ground. He picked it up and pocketed it.
His friends chided him on he being a miser. But his reply was "This 10cts is no use to anyone laying in the gutter. It would be better to use it so that in its circulation, others will benefit"
The point of this story is :- Money needs to be circulated. It is of no use if it is hoarded up. When no one spends money, shops and markets will close. Worse if it is kept in banks, for they will have to lower interest rates, take higher risks to lend money to speculative investments so that the banks may earn loan interests to pay for savings interest. When default, the banks go belly up, customers lose their savings.
Yes, money that goes around becomes the catalyst for economic activities - every economists know this principle.
Does this piece of information hit home with the Singapore Talented Elite that will lock-up a major portion of our money in unreachable CPF accounts that remain locked up till one either buy a house, reached the statutory age of withdrawal, or die ?
After the 1987 and 1997 economic downturn, the Economic Review Committee had on both occassions been given the feedback and recommendations that this Government should relax the CPF withdrawal rules, and more so during times when the workforce is facing economic hardship.
Unfortunately, this piece of Lee Ka Shing's anecdote never fall into the ears of the Singapore Talented Elite, who are perched too high on their pedestal towers.
What makes people hoard up or spend less is fear. Such fears will only to lead to further self prophecies of doom such as recessions, etc. simply because people are worried.
The whole foundation of the market place is built and can succeed on only one thing - confidence. Confidence that someone will buy and someone will sell, which is true, for who amongst us have not something we need?
Why do you sound so 'Gazelle' logical when you make no attempts with any clues to do so ?
Have you hit the nail on the head with your reasons for hoarding - that arises out of insecurity ?
Can we accept your explanation to give a deeper insight into the causes of MM LKY's insecurity for hoarding the Annual Surplus into the GIC funds, and managing it in a tight fisted manner that even the Elected President is not privy to its total size ?
If your observation is of any accuracy, then it confirms also the statements by another participant named ''robbertteh'' - that all the government expenditures on essential services are being recovered from Singaporeans' consumption and usage of such services, leading to a larger accumulated Government funds. This growth can only result from taking more money from the Citizens - and putting these out of circulation and into the Sovereign Wealth Funds managed by GIC and Temasek Holdings.
Our country is in a better position to weather whatever storms may arrive, simply because we have
1. Foreign workers. The influx of cheap labour had enabled companies, which would have gone to their country instead, to set up here in our safe and law abiding country. Such companies provide employment for many of our workers, from white to blue supervisory collars for our ITE grads, which would not had a chance for employment had they not been around. And in a recession, it had been always the unskilled to be the first to go.
Can Singapore or Singaporeans be in a better position during a recession, when there is an influx of cheap labor to compete with the few jobs left for Singaporeans facing retrenchment during an economic storm ?
If the influx of cheap foreign labor is to meet the demands of the labor intensive industries, and create more jobs for Singaporeans - why will this government insist on placing a huge foreign worker's levy for every one employed, and making it even more difficult for the labor intensive manufacturers to stay in Singapore ?
Has it not been the plan of this Singapore Government to move out all the labor intensive industries to other lower labor cost centers, while we go up the value added chain in Bio-Science and Higher Technology ?
Are you outdated with your information besides believing Minister Tharman to have used outdated news information ?
2. Reserves. There are US$300billion dollars in our coffers. It is alot of money and its accrued interests and dividends can and had been used to help fellow Singaporeans tide over rough times.
It would not be prudent to give it all out, for it would not be enough for all, nor enough for subsidies, but it can be used to pay more for national projects that our businessmen can earn to pay their workers, now that resource prices had risen.
The only Singaporeans that this Government has helped with the accrued interests and dividends are the Talented Elites in their close knit circle - by giving themselves and their own, the wage increases when every other Singaporean has been persuaded to tighten our belts and take a cut in wages and CPF savings.
The measly amounts that are given to each working person in each Singaporean household had dissipated the sum effect of such a large sum paid out.
The amounts given to each individual could not even last through one month of house hold expenses - and with more payment having to be topped up from our cash savings for the high charges of Government services.
Only a fool will give out all that he has saved, with none left for a rainiy day.
Only a politician will know how to dole out in small bits and pieces that make them relevant in holding the loyalties of those whom they see and treat as carpet beggars.
If the Elite and Talented Politicians have the clear altruistic interest of Singaporeans in their thoughts, they would have used the total sum - which they claimed to cost the Government a Billion SGD - paid out annually into a National Insurance Plan, with the Billion Dollar Gift as premium paid for all Singaporeans.
This would have been the best policy that takes care of all the health care and hospitalisation needs of every Singaporean - from cradle to grave.
3. Public and private initiatives to help those whom are really down and out through MCD, CDCs,NGOs,etc.
Surely by 'Public' - you are not hoping to refer to the Government sector ?
It has always been the Private Sector that has taken the lead to organise the funds contributed by Singaporeans to be distributed to the needy Singaporeans.
The hard pressed Singaporeans have constantly and consistently been hit from every directions demanding for the meagre monies they earned as daily wages, or monthly salary to be given to charities.
Yet the large largesse managed by the Great Mentor remains inaccessible to help those who have been identified as ''really down and out through MCD, CDCs, NGO, etc....'' - as this Government fear that it will be depended upon infinitely as a crutch by the poor.
Ironically, the Talented Elite - who are already successful individuals - will need a crutch in the form of Million Dollar wages to keep them from being corrupted.
4. Lower GDP does not mean NO GDP. There will still be economic activities, no matter how the market performs.
Quite a smart plagiarising efforts with a twist from the Police Force advertisement of 'Low Crime does not mean No Crime'.
Which School of Voodoo Economic did you graduate from ?
What economic philosophy are you driving with ?
Can there be progress with a lower or regressive ‘ Gross Domestic Product ’ ?
Have you read the report that “Recession Often Begin With Positive GDP Data” - with high inflation in tandem ?
Is Singapore not in this unique situation during this month of June 2008 - with food and fuel prices spiraling the percentages upwards even as the GDP data is positive although comparatively weaker ?
Should this not be the factor that caused Minister Tharman to sooth the nerves - as the writings are already on the Wall ?
I will not bore others to list more, but due to good government and a resiliant people, I believe together we can weather the rough seas ahead. Inflation is up, but not to our eyeballs. For us singaporeans, it means just giving up one meal in restaurants or a second pub outing for the week, unlike our asian neighbours, who may not earn enough to buy bread alone for himself. Just keep an eye out on non credible opportunitsts who may seek to divide us up. Good luck and have some confidence. It's not all doom and gloom in reality as some here want us all to believe.
For you to believe that ''inflation is up, but not to our eyeballs'' - you must either be deluded with your eyeballs at the height of a Gazelle, or that your DeerHunting results have been far better to cushion the high costs of living that is currently the bane of every Singaporean service provider and consumer.
Again, another useless comparison made by putting down our Asian neighbor, while our problems are far different from theirs.
Why will you not compare our living conditions with those of our Ministers' - who have liberally taken our monies to live their life of iron-bowl security, while calling for us to make sacrifices that they snatch away without a blink of an eyelid ?
No it is not all doom and gloom, as at least without the help of the Government - which has yet to reach many down and out Singaporeans, and which the help given to-date are meaningless - the Citizens of Singapore are more resourceful in handling ourselves, and bidding our time for judgment day.
So far the non-credible opportunists are those who are sly at making the plagiarised syncophantic sound from a single orthodox political philosophy - that is fearful of competing ideas which are developed from open minds.
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Originally posted by Resentment:
i really dun understand some customers , i am in the retail line and customers always scold us for increasing the price when it is the govt who does that. they lack of knowledge or what?
People don't like to be confronted with the reality that their spending power has been cut down sharply. At the rate things are going and prices across the world keep rising, there will be a sharp shift of people from middle to lower class.
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... here's a little hope...
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U.S. slowdown to be long, but no recession: survey
Tue Jun 10, 2008 1:27am
WASHINGTON (Reuters) - Economists have trimmed forecasts for U.S. growth in the second half of this year and in 2009, but more have come to the view that the United States will dodge a recession, a survey released on Tuesday showed.
Blue Chip Economic Indicators, a monthly newsletter, said 53.5 percent of the 48 private economists surveyed for its June issue do not believe the U.S. economy is in or will enter a recession in 2008, up from 40 percent in the May survey.
"The consensus now suggests the downturn in economic growth will be less steep than earlier feared, but the subsequent recovery in growth to its trend rate will take longer than hoped a few months ago," the newsletter said.
The economists polled on June 2 and 3 projected third-quarter growth at a 1.5 percent annual rate, down from the 1.7 percent pace forecast a month ago. For the fourth quarter, they said the economy would likely expand by 1.2 percent, down from the 1.5 percent projected a month ago.
Despite the downgraded expectations for the second half of 2008, the consensus forecast for the year as a whole moved up to 1.5 percent from 1.4 percent as economists took into account an upward revision to first-quarter growth and bumped up their expectations for the second quarter to a still-anemic 0.4 percent from 0.2 percent.
The consensus projection for 2009, however, slipped for a sixth straight month, dropping to 1.9 percent from 2 percent.
Most analysts surveyed assumed below-trend economic growth will eventually free up enough spare economic capacity to begin exerting downward pressure on prices, the newsletter said.
"As a result, inflation is expected to increase much less in 2009 than in 2008," it said. The economists forecast that consumer prices would advance 3.9 percent this year, but just 2.6 percent in 2009.
The Federal Reserve has cut benchmark interest rates by 3.25 percentage points since mid-September to help buffer the impact of a deep housing downturn and tight credit, but policy-makers have signaled growing concerns on inflation.