Originally posted by charlize:Might be possible next time.
When the casinoes are up and running, you will see all these gamblers all sleeping in and around Sentosa or Marina Bay 24 hours a day.
With the current situation, I think when the casinos open, no one will come and play. Instead, all those sleeping around the Bay are poor singaporeans acting as fake gamblers
Originally posted by reyes:to all those who had bought trust, reits. please becareful.
these are very high gearing. in crrent market where funding is difficult, these are very high risk investment.
just my personal opinion.
Hike Fuhrer,
We must be ready, we cannot trust the Americana anymore, all personnel on alert and ready to pull out, we will not fail this time since the great D day.
SS waffen
Angel
eating gelato waffle
becareful not to eat too much and cannot fit into my super tight ftting SS uniform!
we dont cater XL uniform to SS.
Heil hitler!!
just back from macau. gamblers are few compare to its hey days just mths ago.
of coz partially is china restricting visa to from mainland chinese into macau.
partially the recession looming
Originally posted by reyes:just back from macau. gamblers are few compare to its hey days just mths ago.
of coz partially is china restricting visa to from mainland chinese into macau.
partially the recession looming
the recession looming, does not affect china so much ,wat
why not?
property prices in china has drop by 50% in most big cities.
share prices of shanghai indices has fallen from peak of 5500 to 2100 pts.
growth of GDP has drop from 12% to 8%.
china central bank has reduce interest rate for borrowing.
where do you think the some of the china products export to?it is USA, EU and rest of the world.
Originally posted by reyes:why not?
property prices in china has drop by 50% in most big cities.
share prices of shanghai indices has fallen from peak of 5500 to 2100 pts.
growth of GDP has drop from 12% to 8%.
china central bank has reduce interest rate for borrowing.
where do you think the some of the china products export to?it is USA, EU and rest of the world.
china's product is mainly cheap, so when recession coming people will approach more to china's product, and china's dometic market is big, export will not play so big role in GDP, but china will make some adjustment, when the economy turmoil come, china's stock market is always lousy, booming years ago, and plague this year, but i don't see it's the influence from western economy downturn, before that, china's stock market also bad,
property prices, what do you mean,? the real estate?
and i think US economy breakdown, it's because too many buddle, when people instead of make product, going in the the stock market, or real estate market, making more money than making product, i think there is something wrong, the economic model is risky, because when economy is not good, there will be a huge echo in stock market, it's risky, it's domino effect
china's product is mainly cheap, so when recession coming people will approach more to china's product, and china's dometic market is big, export will not play so big role in GDP, but china will make some adjustment, when the economy turmoil come, china's stock market is always lousy, booming years ago, and plague this year, but i don't see it's the influence from western economy downturn, before that, china's stock market also bad,
china dont make just cheap pdts, major part of china pdts are like by pdts such as textile. demand for china toys have reduce since the lead tainted paint. demand for china milk by pdts will also hit it milk industries. china food export will also be affected directly.
i dont understand what u mean by china stock market booming years ago. it was peak at over 5000pt just end of last year/early this year. it was good for years before this year. not the otherway round. it would be naive to think any economy is not affected by the US slowdown and could be world recession soon.
ask some of your chinese business associate or mature adults that property prices in shenzhen alone has plummeted some 50% from a year ago.
Credit-card delinquencies are likely to become the next flashpoint in the credit crisis, though the impact on the overall economy won't be as severe as the housing slump, analysts believe.
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As the economy worsens and unemployment rises, more Americans are having trouble paying off their credit card balances. That has pushed up losses for credit card issuers, forcing them to tighten standards, which puts a further squeeze on cash-strapped consumers.
“After mortgages and home equity, credit cards are the next in line to feel the crunch,” says Marc DeCastro, an industry analyst with Financial Insights.
With job losses growing, credit cards delinquencies could rise to 7 percent by the first quarter of 2009, which would be a 20 year high, says Howard Shapiro, an industry analyst with Fox-Pitt Kelton.
And because consumers no longer have the equity in the house to fall back on, they're relying even more on credit cards to pay for living expenses.
“Now with their home equities getting shut off, people are going to start augmenting their income with their credit cards," DeCastro says. "They are going hit their limits and once they hit their limits, then they are probably going to walk away from their credit cards.”
Though consumer spending accounts for three-quarters of the US economy, the credit-card crunch isn't likely to be as big an economic blow as the housing crisis has been.
The reason is that credit card debt, while still large, is much smaller than the amount tied up in mortgages.
There is roughly $1 trillion of outstanding credit card debt—compared to $14 trillion worth of outstanding mortgages—and in the second quarter of 2008, $385 billion of this had been bundled into asset-based securities, according to the Securities Industry and Financial Markets Association
Another reason for the smaller fallout is that credit card issuers have been working over the past year to tighten standards and limit the damage.
“I don’t see the credit card industry facing the kind of stress that the mortgage industry has faced," says Shapiro. "They have had time to prepare, to tighten their underwriting standards which were not stretched to the same degree as they were in the mortgage industry."
Still, that doesn't mean the growing losses aren't going to hurt.
Credit card write-offs last year totaled $26.6 billion, and are on track to reach more than $41.4 billion this year. And that's just the beginning.
“We think 2009 is going to be a difficult year for the credit card industry," Shapiro says. "There’ll be higher charge offs, slower growth, people are cutting back on spending. That is going to mean pressure on earnings.”
Innovest Strategic Value Advisors forsees delinquencies rising through the next three quarters, peaking at 10 percent, with industry losses of close to $100 billion in 2009.
this is the beginning of the worse to come!
those who are still in the singapore stocks market. be ver very careful. watch out for Oct21. yes next tuesday. it could be another day of reds! i dont mean liverpool.
That’s payday for everyone who took out insurance against Lehman Brother’s bonds. And bear-raiding hedge funds took out a heck of a lot of insurance against that investment bank.
In fact, while Lehman Brothers sold only $158 billion worth of bonds, the SEC allowed hedge funds to take out $365 billion in insurance.
That means the U.S government, which now owns most of AIG, will most likely spend next Tuesday cutting checks to the hedge funds involved. this payout will erase whatever value might be left in AIG’s common stock.
this news will and definitely push STI towards 1800 pts.
good luck!!
source : www.sgdividends.blogspot.com
Taking a cue from Behaviourial Finance, market will start to pick up when people have become numb to all the bad news flow and it just starts to be well, normal..whats the big deal after the while......life goes on..
So ...Why not just take it all in ..people of the world . Are you numb yet? If not, please read the above headlines, day, morning and night, dream it, breathe it....
And guess who's being cool....the fogey old man.
"Yeah...i may be fogey but i'm buying...You should too!"
those who still believe China can propel the world economy thru this crisis.
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/383868/1/.html
i had come back from shenzhen dongguan last week. it just prove my pt that china has indeed slow dramatically compare to 6mths ago.
a factory opposite the one i am visiting has close and shut down the toy factory and lay 6000workers starting mini demostration outside the factory.
the once booming entertainment business and hotel business has occupancy rates dipp to less than 50% i was told by hotel staff.
The dropping of property prices, stock market will start to bite into the consumer spending in china. there are less car on the road compare to 6mths ago said the driver to me. it use to be jammed at this time of the day.
china need to save itself before it can save the world.
i guess many of us will get numb of the bad news soon.
the morning, we hear the asian market bad news,
late afternoon we hear the EU market bad news,
Evening, we hear the AMerican market bad news.
Originally posted by reyes:china dont make just cheap pdts, major part of china pdts are like by pdts such as textile. demand for china toys have reduce since the lead tainted paint. demand for china milk by pdts will also hit it milk industries. china food export will also be affected directly.
i dont understand what u mean by china stock market booming years ago. it was peak at over 5000pt just end of last year/early this year. it was good for years before this year. not the otherway round. it would be naive to think any economy is not affected by the US slowdown and could be world recession soon.
ask some of your chinese business associate or mature adults that property prices in shenzhen alone has plummeted some 50% from a year ago.
does property price shrink benefit those ordinary people, because this means they can buy larger house using same amount of money.
is the reason for the property prices going down is cause by fall in stock market and economy slow down do you think ppl will still want to buy houses?
can you guarantee your job in recession economy?
but actually there are two way to look at the story, actually, the enthusiasm for chinese people go into stock market have greatly plagued, yes stock market is good to accumulate money for enterprise, and plus property market, which is vital for a mature economy,
but for me, i don't see what's the difference if I stay out of stock market. economy slow down, is a general term, which i think will affect the import and export, but as i said import and export actually donnot play a big part, maybe for only some of china city like shanghai and tianjin, dalian ,yes, but china still have a large comsuption of food, entertainment, so whose company who mainly dealing domestic business, will not be affectly in a large scale, like my family is not affected in the recession, and i am happy to see that the food price is withdraw a little bit.
Maybe for a medium sized city like which i live in, do not respond to the recession wave so quickly, but maybe this is opportunity to relook into the US economy model.Then hope chinese enterpise could learn from that.
i am not sure whether you are staying in china.
hotel industry or tourism industry are not only dominated by china domestic market. if the world wide economy is no good, they will travel less. even a 10-20% dip in sales for the tourism industry could be fatal.
as for stock market, i not sure what u r trying to say, if ppl lost in the stock market or money stuck in it, they will spend less.
stock market not only play by big bosses are ppl generally on the street.
i congratulated you and family are recession proof. maybe not yet.
moreover i tends to believe you pt is base more on textbooks explaination than real actual application.
Originally posted by reyes:i am not sure whether you are staying in china.
hotel industry or tourism industry are not only dominated by china domestic market. if the world wide economy is no good, they will travel less. even a 10-20% dip in sales for the tourism industry could be fatal.
as for stock market, i not sure what u r trying to say, if ppl lost in the stock market or money stuck in it, they will spend less.
stock market not only play by big bosses are ppl generally on the street.
i congratulated you and family are recession proof. maybe not yet.
i am trying to say that i never participate in stock market, i don't want to earn extra money, i just want solid and realy money i earn every month, in stock market money is number, only when you withdraw from stock market, then the number become real, and it's like gambling, you will never get away, until you lose everything.
Yes, now the chinese people on the street already don't care what happen in stock market, they become indifferent, hopefully china's stock market will recover later, but i think i still won't join it,
My point is company accumulate cash by stock market, so when the company does not function well, it used to be only affect those who is employed in the company, by now, the people on the street, is connected with the company, so when many company does not function well, the whole society will suffer from it. I think that's why recession is happening so often,
Yes tourism may be affected, but i am not familiar with that, now i seldom travel. But at least now in china, i don't feel any panic among folks, are people trying to do more saving? No, we just buy stuff as usual, maybe those luxury commodity will got less buyer,
And i am not talking about what happens in big city? i am not living there, so i don't know
Originally posted by rokkie:i am trying to say that i never participate in stock market, i don't want to earn extra money, i just want solid and realy money i earn every month, in stock market money is number, only when you withdraw from stock market, then the number become real, and it's like gambling, you will never get away, until you lose everything.
Yes, now the chinese people on the street already don't care what happen in stock market, they become indifferent, hopefully china's stock market will recover later, but i think i still won't join it,My point is company accumulate cash by stock market, so when the company does not function well, it used to be only affect those who is employed in the company, by now, the people on the street, is connected with the company, so when many company does not function well, the whole society will suffer from it. I think that's why recession is happening so often,
Yes tourism may be affected, but i am not familiar with that, now i seldom travel. But at least now in china, i don't feel any panic among folks, are people trying to do more saving? No, we just buy stuff as usual, maybe those luxury commodity will got less buyer,
And i am not talking about what happens in big city? i am not living there, so i don't know
Do u want to face the firing squad or the gas chambers, please choose one.
SS Waffen
For my Fuhrer Adolf Reyes
Originally posted by angel7030:
Do u want to face the firing squad or the gas chambers, please choose one.
SS Waffen
For my Fuhrer Adolf Reyes
i will choose neither, so what does that imply?
Originally posted by rokkie:
i will choose neither, so what does that imply?
This imply your rookie state and naivness to go against our Fourth Reich, support the Fourth Reich and you shall be spare, Hike Fuhrer!!
Ok, to let you die peaceful here are some reasoning, the stock markets is alway open to the public, company can give share option to their employees provide the Board agreed.
Stock market is the creation of capitalism, a system that is use in most countries who are rich enough to open a stock market. For the Chinese in China, the market was open only in the early 90s, it cause a sensation and created billionaires in China, but many chinese are still in Communist state of thinking, they dun care about the stock markets, only the young and western trained chinese appreciated the stock market. So whether the stock market is good or bad, chinese dun panic at all, they can alway close it down and go back to communism.
Every sole owner will like their company to be listed so that they dun hv to use their own money but instead use the public money to create profit.
Originally posted by angel7030:
This imply your rookie state and naivness to go against our Fourth Reich, support the Fourth Reich and you shall be spare, Hike Fuhrer!!
Ok, to let you die peaceful here are some reasoning, the stock markets is alway open to the public, company can give share option to their employees provide the Board agreed.
Stock market is the creation of capitalism, a system that is use in most countries who are rich enough to open a stock market. For the Chinese in China, the market was open only in the early 90s, it cause a sensation and created billionaires in China, but many chinese are still in Communist state of thinking, they dun care about the stock markets, only the young and western trained chinese appreciated the stock market. So whether the stock market is good or bad, chinese dun panic at all, they can alway close it down and go back to communism.
Every sole owner will like their company to be listed so that they dun hv to use their own money but instead use the public money to create profit.
no it's definitely a matter of communism thinking or capitalism thinking, there plenty of people around me jump into stock market, some of them earn alot of money during the stock market boomming year. And during the stock market booming time, many, many people is attacked to the stock market, because many people surround them have earn alot from the stock market,
i once notice a most successfull broker in Wall street, he have been making money for his client, finally he want to make a big shot for himself, he use all of his reserved money go into stock market, then eventually he ended up having nothing, so stock market is really unpredictable, i think it's wiser to really do sth, instead of hoping the stock price will rising in the stock market, of course if you do business, stock market is just a way to accumulate money, and i don't really know how it functions, is it if the company not doing well, instead of the CEO pay for it, it's the stakeholder, or shareholder pay for it, so it's like you lend your money to someone you don't know, it's really risky.
I guarrantee you, not many really communist in china now, anyway communism and capitalism is just name, according to communism, if you have a company employ eight people, you are a capitalist.
i say again, even the most brilliant analyist or broker cannot anticipate how the stock market will performing.
So actually it's nothing more than gambling,
Every sole owner will like their company to be listed so that they dun hv to use their own money but instead use the public money to create profit.
and not all the enterpreneurs want their company be listed, because of their strategy, there need alot of reform being carry out in the company structure, anyway it's complex, you need to really carefully think about before really do that,
Originally posted by rokkie:Every sole owner will like their company to be listed so that they dun hv to use their own money but instead use the public money to create profit.
and not all the enterpreneurs want their company be listed, because of their strategy, there need alot of reform being carry out in the company structure, anyway it's complex, you need to really carefully think about before really do that,
A sole proprietor needs to expand his business, kept his profit earned as a sole owner, now he needs funds, with his current good business, the underwriter will propose an IPO for him, cash start to flow in from the public, he acquire more companies, become the Director, get paid as a director paid with share options. In the event the company collapse as most organisation dun last a century, he can just leave without paying or losing a single cents.
A stock investor is different from gambling is that he got datas and sources to study and look at before making his decision to buy the stock, gambling is by sheer luck and probability, there is no source non datas to look upon, it either u win, loose or perhap draw. Therefore you cannot said investing in stock is gambling, if an investor lost in the stock markets, it is because he had poor information or simply he followed blindly without studying the trends or the health of the economy of the stocks he bought. If a gambler lost in a casinos, its simply no luck.
