Originally posted by AndrewPKYap:
What sold off my Aussie dollars when it bounced back?
My wife wanted to migrate to Australia (talking about it a few years back) but I was thinking about Thailand, 3rd world but we will live like kings because everything is so cheap. Live better than 1st world in a 3rd world country because everything so cheap.
So I asked her yesterday, "Do you have Aussie dollars?"
"Yes," she said.
"How much?" I asked her.
"About twenty" she said.
"Twenty thousand?" I asked
"Twenty dollars," she said, "left over from the last holiday there."
So as to your question, "have u sold all of your A$ when it bounces back?"
The answer is "no, I haven't sold off the AUD$20.00 when it bounced back."
I am more concerned about the Singapore dollar....
Uncle, auntie dun trust Thai gals lah. She
u can also examinae SG by reading IMF report.
http://www.imf.org/external/pubs/ft/scr/2008/cr08280.pdf
Pl note the government domestic debts of 100 % GDP is bonds
issued to CFP BOARD.No worry.
under p 25
Gross government domestic debt 9/
9/ Data for end of calendar year. The table reports gross debt and does not reflect large net asset position of the government. Gross debt is
(for a large part) issued to the Central Provident Fund (CPF) and as part of the Singapore Government Securities (SGS) program.

A simple reason why Singapore does not have much foreign debt.
Singapore exploits it's citizens under the CPF, where it uses funds at extremely low interest rates of 2.5% (while inflation hovers around 6% - 8%). If there is such cheap funds available, wherefore there be need to raise funds through the foreign or domestic market at prevailing inflation rates (afterall which fool would loan you at 1% if inflation is at 6%?). We do not have foreign debt, but our domestic debt owed to CPF members is valued at SGD 136 billon. If the government issues domestic debt, it is unlikely to suffer from payments issues, afterall all it has to do is print more currency (fiat currency).
Then they charge you excessively for HDB and Medical services, making it hard for average folks to plan for retirement. Should any major illness befall you, then as an average Singaporean, you can kiss half your retirement savings adios.
u can also examinae SG by reading IMF report.
http://www.imf.org/external/pubs/ft/scr/2008/cr08280.pdf
What does that tiny picture of the merlion have anything to do with your post?
It only detracts from your post and is a distraction, lending an disjointed air to your entire point and making it irrelevant and hard to understand.
Bad choice of picture lionnoisy, bad choice.
I think lionnoisy's post is as legible to the layman as Quantum mechnics:
| Quantum mechanics | ||||||||
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| Uncertainty principle |
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| Introduction to... Mathematical formulation of...
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Quantum mechanics is the study of mechanical systems whose dimensions are close to the atomic scale, such as molecules, atoms, electrons, protons and other subatomic particles. Quantum mechanics is a fundamental branch of physics with wide applications. Quantum theory generalizes classical mechanics to provide accurate descriptions for many previously unexplained phenomena such as black body radiation and stable electron orbits. The effects of quantum mechanics become evident at the atomic and subatomic level, and they are typically not observable on macroscopic scales. Superfluidity is one of the known exceptions to this rule.
Contents[hide] |
The word “quantum” came from the Latin word which means "how great" or "how much." In quantum mechanics, it refers to a discrete unit that quantum theory assigns to certain physical quantities, such as the energy of an atom at rest (see Figure 1, at right). The discovery that waves have discrete energy packets (called quanta) that behave in a manner similar to particles led to the branch of physics that deals with atomic and subatomic systems which we today call quantum mechanics. It is the underlying mathematical framework of many fields of physics and chemistry, including condensed matter physics, solid-state physics, atomic physics, molecular physics, computational chemistry, quantum chemistry, particle physics, and nuclear physics. The foundations of quantum mechanics were established during the first half of the twentieth century by Werner Heisenberg, Max Planck, Louis de Broglie, Albert Einstein, Niels Bohr, Erwin Schrödinger, Max Born, John von Neumann, Paul Dirac, Wolfgang Pauli and others. Some fundamental aspects of the theory are still actively studied.
Quantum mechanics is essential to understand the behavior of systems at atomic length scales and smaller. For example, if classical mechanics governed the workings of an atom, electrons would rapidly travel towards and collide with the nucleus, making stable atoms impossible. However, in the natural world the electrons normally remain in an unknown orbital path around the nucleus, defying classical electromagnetism.
Quantum mechanics was initially developed to provide a better explanation of the atom, especially the spectra of light emitted by different atomic species. The quantum theory of the atom was developed as an explanation for the electron's staying in its orbital, which could not be explained by Newton's laws of motion and by Maxwell's laws of classical electromagnetism.
In the formalism of quantum mechanics, the state of a system at a given time is described by a complex wave function (sometimes referred to as orbitals in the case of atomic electrons), and more generally, elements of a complex vector space. This abstract mathematical object allows for the calculation of probabilities of outcomes of concrete experiments. For example, it allows one to compute the probability of finding an electron in a particular region around the nucleus at a particular time. Contrary to classical mechanics, one can never make simultaneous predictions of conjugate variables, such as position and momentum, with arbitrary accuracy. For instance, electrons may be considered to be located somewhere within a region of space, but with their exact positions being unknown. Contours of constant probability, often referred to as “clouds” may be drawn around the nucleus of an atom to conceptualize where the electron might be located with the most probability. Heisenberg's uncertainty principle quantifies the inability to precisely locate the particle.
The other exemplar that led to quantum mechanics was the study of electromagnetic waves such as light. When it was found in 1900 by Max Planck that the energy of waves could be described as consisting of small packets or quanta, Albert Einstein exploited this idea to show that an electromagnetic wave such as light could be described by a particle called the photon with a discrete energy dependent on its frequency. This led to a theory of unity between subatomic particles and electromagnetic waves called wave–particle duality in which particles and waves were neither one nor the other, but had certain properties of both. While quantum mechanics describes the world of the very small, it also is needed to explain certain “macroscopic quantum systems” such as superconductors and superfluids.
Broadly speaking, quantum mechanics incorporates four classes of phenomena that classical physics cannot account for: (i) the quantization (discretization) of certain physical quantities, (ii) wave-particle duality, (iii) the uncertainty principle, and (iv) quantum entanglement. Each of these phenomena is described in detail in subsequent sections.
The history of quantum mechanics began essentially with the 1838 discovery of cathode rays by Michael Faraday, the 1859 statement of the black body radiation problem by Gustav Kirchhoff, the 1877 suggestion by Ludwig Boltzmann that the energy states of a physical system could be discrete, and the 1900 quantum hypothesis by Max Planck that any energy is radiated and absorbed in quantities divisible by discrete ‘energy elements’, E, such that each of these energy elements is proportional to the frequency ν with which they each individually radiate energy, as defined by the following formula:
where h is Planck's Action Constant. Although Planck insisted that this was simply an aspect of the absorption and radiation of energy and had nothing to do with the physical reality of the energy itself, in 1905, to explain the photoelectric effect (1839), i.e. that shining light on certain materials can function to eject electrons from the material, Albert Einstein postulated, as based on Planck’s quantum hypothesis, that light itself consists of individual quanta, which later came to be called photons (1926). From Einstein's simple postulation was borne a flurry of debating, theorizing and testing, and thus, the entire field of quantum physics.
The modern world of physics is founded on two tested and demonstrably sound theories of general relativity and quantum mechanics —theories which appear to contradict one another. The defining postulates of both Einstein's theory of relativity and quantum theory are indisputably supported by rigorous and repeated empirical evidence. However, while they do not directly contradict each other theoretically (at least with regard to primary claims), they are resistant to being incorporated within one cohesive model.
Einstein himself is well known for rejecting some of the claims of quantum mechanics. While clearly inventive in this field, he did not accept the more philosophical consequences and interpretations of quantum mechanics, such as the lack of deterministic causality and the assertion that a single subatomic particle can occupy numerous areas of space at one time. He also was the first to notice some of the apparently exotic consequences of entanglement and used them to formulate the Einstein-Podolsky-Rosen paradox, in the hope of showing that quantum mechanics has unacceptable implications. This was 1935, but in 1964 it was shown by John Bell (see Bell inequality) that Einstein's assumption that quantum mechanics is correct, but has to be completed by hidden variables, was based on wrong philosophical assumptions: according to the paper of J. Bell and the Copenhagen interpretation (the common interpretation of quantum mechanics by physicists for decades), and contrary to Einstein's ideas, quantum mechanics is
determines simultaneously the probability amplitudes at all sites,
). The Einstein-Podolsky-Rosen paradox shows in any case that there exist experiments by which one can measure the state of one particle and instantaneously change the state of its entangled partner, although the two particles can be an arbitrary distance apart; however, this effect does not violate causality, since no transfer of information happens. These experiments are the basis of some of the most topical applications of the theory, quantum cryptography, which works well, although at small distances of typically
1000 km, being on the market since 2004.
There do exist quantum theories which incorporate special relativity—for example, quantum electrodynamics (QED), which is currently the most accurately tested physical theory [1]—and these lie at the very heart of modern particle physics. Gravity is negligible in many areas of particle physics, so that unification between general relativity and quantum mechanics is not an urgent issue in those applications. However, the lack of a correct theory of quantum gravity is an important issue in cosmology.
Inconsistencies arise when one tries to join the quantum laws with general relativity, a more elaborate description of spacetime which incorporates gravitation. Resolving these inconsistencies has been a major goal of twentieth- and twenty-first-century physics. Many prominent physicists, including Stephen Hawking, have labored in the attempt to discover a "Grand Unification Theory" that combines not only different models of subatomic physics, but also derives the universe's four forces—the strong force, electromagnetism, weak force, and gravity— from a single force or phenomenon.
Predictions of quantum mechanics have been verified experimentally to a very high degree of accuracy. Thus, the current logic of correspondence principle between classical and quantum mechanics is that all objects obey laws of quantum mechanics, and classical mechanics is just a quantum mechanics of large systems (or a statistical quantum mechanics of a large collection of particles). Laws of classical mechanics thus follow from laws of quantum mechanics at the limit of large systems or large quantum numbers.
Main differences between classical and quantum theories have already been mentioned above in the remarks on the Einstein-Podolsky-Rosen paradox. Essentially the difference boils down to the statement that quantum mechanics is coherent (addition of amplitudes), whereas classical theories are incoherent (addition of intensities). Thus, such quantities as coherence lengths and coherence times come into play. For microscopic bodies the extension of the system is certainly much smaller than the coherence length; for macroscopic bodies one expects that it should be the other way round.
This is in accordance with the following observations:
Many “macroscopic” properties of “classic” systems are direct consequences of quantum behavior of its parts. For example, stability of bulk matter (which consists of atoms and molecules which would quickly collapse under electric forces alone), rigidity of this matter, mechanical, thermal, chemical, optical and magnetic properties of this matter—they are all results of interaction of electric charges under the rules of quantum mechanics.
Whilst seemingly exotic behavior of matter posited by quantum mechanics and relativity theory become more apparent when dealing with extremely fast-moving or extremely tiny particles, the laws of classical “Newtonian” physics still remain accurate in predicting the behavior of surrounding (“large”) objects—of the order of the size of large molecules and bigger—at velocities much smaller than the velocity of light.
There are numerous mathematically equivalent formulations of quantum mechanics. One of the oldest and most commonly used formulations is the transformation theory proposed by Cambridge theoretical physicist
I disagree with the Grand Unification Theory part though... why must have a constant?
How would u feel if your CPF was used to funds
national infrastructures projects ?
Some one would rally u to Speaker Corner.Right?
There is report in Oz that Rudd 747 may tab on A$1 trillion
Superannuation Funds – Outside Life Offices - B15
to fund infrastructures projects.
This is really a hard sale!
Australians keen to put super into building projects: Albanese
Friday October 17, 2008, 1:04 pm
Federal Infrastructure Minister Anthony Albanese says Australians are keen to see their superannuation funds invested in national building projects.
http://au.biz.yahoo.com/081017/31/202xn.html
This is another news of the Super funds.
http://www.theaustralian.news.com.au/story/0,25197,24444072-5013404,00.html
A$372 b Short term wholesale funds of Oz banks post a threat
http://www.bankers.asn.au/default.aspx?ArticleID=1233
|
Deposits - Retail |
$634 |
48% |
|
Short-term funds - total |
$372 |
28% |
|
Long-term funds - total |
$319 |
24% |
|
Total |
$1,326 |
100% |

Oz journalist also take note of the threat,so does IMF report.
http://www.theaustralian.news.com.au/story/0,25197,24451395-5017885,00.html
Yes, the big four banks make big profits, but they're exposed to having to roll over $160 billion or so in short-term debt on offshore wholesale markets.
i can bet with u other regional banks ,building socity and credit unions
also took this smart move of "Borrow low and lend high"!!
...
Originally posted by lionnoisy:
How would u feel if your CPF was used to funds
national infrastructures projects ?
Some one would rally u to Speaker Corner.Right?
There is report in Oz that Rudd 747 may tab on A$1 trillion
Superannuation Funds – Outside Life Offices - B15
to fund infrastructures projects.
This is another news of the Super funds.
http://www.theaustralian.news.com.au/story/0,25197,24444072-5013404,00.html
Superannuation 'drains bank funds', says IMF
A$372 b Short term wholesale funds of Oz banks post a threat
http://www.bankers.asn.au/default.aspx?ArticleID=1233
Deposits - Retail
$634
48%
Short-term funds - total
$372
28%
Hahaha..............
You pwn yourself!!!
In the 1980s CPF was used to fund SMRT, also other infrastructure projects like Singapore Power, else where you think they get the money. ![]()
After they have constructed these projects using our money, they charge you excessively for the use of such services. ![]()
Originally posted by maurizio13:
Hahaha..............
You pwn yourself!!!
In the 1980s CPF was used to fund SMRT, also other infrastructure projects like Singapore Power, else where you think they get the money.
After they have constructed these projects using our money, they charge you excessively for the use of such services.
On the other hand,CPF members need not to take risks,
just take the minimum 2.5% interest.
how about Oz?Do Oz Super member gets any minimum interest if they
dunt invest in anything?
Australia's banks have been ranked fourth in a survey of the strength of the world's financial institutions.
Australian Prime Minister Kevin Rudd says the World Economic Forum report confirms the importance of having a stable banking sector, in the current global economic turmoil.
http://www.radioaustralia.net.au/news/stories/200810/s2387008.htm
u will know one or two year laters if this is a correct assessment.
Rating agencies also gave AAA to many fallen giant companies,
.......
The Short term wholesale Oz banks funds will kill them.
...
Originally posted by lionnoisy:On the other hand,CPF members need not to take risks,
just take the minimum 2.5% interest.
how about Oz?Do Oz Super member gets any minimum interest if they
dunt invest in anything?
Australian banks ranked fourth in WEF financial institutions survey
http://www.radioaustralia.net.au/news/stories/200810/s2387008.htm
u will know one or two year laters if this is a correct assessment.
Rating agencies also gave AAA to many fallen giant companies,
.......
The Short term wholesale Oz banks funds will kill them.
...
People experiencing psychosis may report hallucinations or delusional beliefs, and may exhibit personality changes and disorganized thinking. This may be accompanied by unusual or bizarre behavior, as well as difficulty with social interaction and impairment in carrying out the activities of daily living.
A wide variety of central nervous system diseases, from both external toxins, and from internal physiologic illness, can produce symptoms of psychosis. This disease link has led to the metaphor of psychosis as the 'fever' of CNS illness—a serious but nonspecific indicator.[1][2]
However, many people have unusual and distinct (unshared) experiences of different realities at some point in their lives, without being impaired or even distressed by these experiences. For example, many people have experienced visions of some kind, and some have even found inspiration or religious revelation in them.[3] As a result, it has been argued that psychosis is not fundamentally separate from normal consciousness, but rather, is on a continuum with normal consciousness.[4] In this view, people who are clinically found to be psychotic may simply be having particularly intense or distressing experiences (see schizotypy).
In contemporary culture, the term "psychotic" is often incorrectly used interchangeably with "psychopathic" (which describes a more long-term condition prone to violence, rarely having hallucinations).
Contents[hide] |
People with psychosis may have one or more of the following: hallucinations, delusions, thought disorder, or lack of insight (each described below). The symptoms are similar in nature to mental confusion and delirium. [5]
Hallucinations are defined as sensory perception in the absence of external stimuli. They are different from illusions, or perceptual distortions, which are the misperception of external stimuli.[6] Hallucinations may occur in any of the five senses and take on almost any form, which may include simple sensations (such as lights, colors, tastes, and smells) to more meaningful experiences such as seeing and interacting with fully formed animals and people, hearing voices and complex tactile sensations.
Auditory hallucinations, particularly the experience of hearing voices, are a common and often prominent feature of psychosis. Hallucinated voices may talk about, or to the person, and may involve several speakers with distinct personas. Auditory hallucinations tend to be particularly distressing when they are derogatory, commanding or preoccupying. However, the experience of hearing voices need not always be a negative one. Research has shown that the majority of people who hear voices are not in need of psychiatric help.[7] The Hearing Voices Movement has subsequently been created to support voice hearers, regardless of whether they are considered to have a mental illness or not.
Psychosis may involve delusional beliefs, some of which are paranoid in nature. Karl Jaspers classified psychotic delusions into primary and secondary types. Primary delusions are defined as arising suddenly and not being comprehensible in terms of normal mental processes, whereas secondary delusions may be understood as being influenced by the person's background or current situation (e.g., ethnic or sexual orientation, religious beliefs, superstitious belief).[8]
Formal thought disorder describes an underlying disturbance to conscious thought and is classified largely by its effects on speech and writing. Affected persons may show pressure of speech (speaking incessantly and quickly), derailment or flight of ideas (switching topic mid-sentence or inappropriately), thought blocking, and rhyming or punning.
One important and puzzling feature of psychosis is usually an accompanying lack of insight into the unusual, strange, or bizarre nature of the person's experience or behaviour.[9] Even in the case of an acute psychosis, people may be completely unaware that their vivid hallucinations and delusions are in any way "unrealistic". This is not an absolute, however; insight can vary between individuals and throughout the duration of the psychotic episode.
It was previously believed that lack of insight was related to general cognitive dysfunction[10] or to avoidant coping style.[11] Later studies have found no statistical relationship between insight and cognitive function, either in groups of people who only have schizophrenia,[12] or in groups of psychotic people from various diagnostic categories.[13]
In medical practice today, a descriptive approach to psychosis (and to all mental illness) is used, based on behavioral and clinical observations. This approach is adopted in the standard guide to psychiatric diagnoses employed in the United States, the Diagnostic and Statistical Manual of Mental Disorders (DSM). Since the DSM provides a widely-used standard of reference, the description presented here will largely reflect that point of view.
According to the DSM-IV-TR, the term psychosis has had many definitions in the past, both broad and narrow. The broadest was not being able to meet the demands of everyday life. The narrowest was delusions or hallucinations without insight. A middle ground may be delusions, hallucinations with or without insight, as well as disorganized behavior or speech. Thus, psychosis can be a symptom of mental illness, but it is not a mental illness in its own right. For example, people with schizophrenia often experience psychosis, but so can people with bipolar disorder (manic depression), unipolar depression, delirium, or drug withdrawal.[14][1] People diagnosed with these conditions can also have long periods without psychosis, and some may never experience them again. Conversely, psychosis can occur in people who do not have chronic mental illness (e.g. due to an adverse drug reaction or extreme stress).[15]
Psychosis should be distinguished from:
The DSM-IV-TR lists 9 formal psychotic disorders, but many other disorders may have psychotic symptoms. The formal psychotic disorders are:
Causes of symptoms of mental illness were customarily classified as "organic" or "functional". Organic conditions were primarily medical or pathophysiological, whereas, functional conditions are primarily psychiatric or psychological. The DSM-IV-TR no longer classifies psychotic disorders as functional or organic. Rather it lists traditional psychotic illnesses, psychosis due to General Medical conditions, and Substance induced psychosis.
Functional causes of psychosis include the following:
A psychotic episode can be significantly affected by mood. For example, people experiencing a psychotic episode in the context of depression may experience persecutory or self-blaming delusions or hallucinations, while people experiencing a psychotic episode in the context of mania may form grandiose delusions.
Stress is known to contribute to and trigger psychotic states. A history of psychologically traumatic events, and the recent experience of a stressful event, can both contribute to the development of psychosis. Short-lived psychosis triggered by stress is known as brief reactive psychosis, and patients may spontaneously recover normal functioning within two weeks.[15] In some rare cases, individuals may remain in a state of full-blown psychosis for many years, or perhaps have attenuated psychotic symptoms (such as low intensity hallucinations) present at most times.
Sleep deprivation has been linked to psychosis.[22][23][24] However, this is not a risk for most people, who merely experience hypnagogic or hypnopompic hallucinations, i.e. unusual sensory experiences or thoughts that appear during waking or drifting off to sleep. These are normal sleep phenomena and are not considered signs of psychosis.[25]
Vitamin B12 deficiency can also cause symptoms of mania and psychosis.[26][27]
Psychosis arising from "organic" (non-psychological) conditions is sometimes known as secondary psychosis. It can be associated with the following pathologies:
Psychosis can even be caused by apparently innocuous ailments such as flu[57][58] or mumps.[59]
Psychotic states may occur after ingesting a variety of substances both legal and illegal and both prescription and non prescription. Drugs whose use, abuse or withdrawal are implicated include:
List of Falling Singapore Stocks:
how lionnoisy?
do you have any answers?
Originally posted by lionnoisy:On the other hand,CPF members need not to take risks,
just take the minimum 2.5% interest.
how about Oz?Do Oz Super member gets any minimum interest if they
dunt invest in anything?
Australian banks ranked fourth in WEF financial institutions survey
http://www.radioaustralia.net.au/news/stories/200810/s2387008.htm
u will know one or two year laters if this is a correct assessment.
Rating agencies also gave AAA to many fallen giant companies,
.......
The Short term wholesale Oz banks funds will kill them.
...
Hehehe.....
Why you sidetrack till this? You are a scatterbrain?
I thought you were complaining about Australian government using public funds to build public infrastructure projects, I just showed you that the Singapore government used CPF funds to build SMRT projects.
As for your meagre 2.5% interest rates paid by CPF, the Australian savings rates is 4%.
Don't invest put in savings account also make more interest than CPF. ![]()
You can claim that the exchange rate between Australia and Singapore has gone down, but the crux of the matter is. Are Australians using Australian money for their retirement or Singapore dollars? So does the exchange rate differential between Australia and Singapore affect the ordinary Australian? They spend Australian dollars NOT Singapore dollars. ![]()
If you say that Australia's depreciating currency causes inflation in Australia, it's not true, because Inflation in Singapore is 6-8%, whereas in Australia is around 4%. ![]()
Why is it that Singapore's Inflation is so high at 6% - 8%?
Taiwan's CPI 3.89%
http://eng.stat.gov.tw/point.asp?index=2
New Zealand's CPI 3.2%
UK CPI 2.5%
http://www.statistics.gov.uk/cci/nugget.asp?id=19
Germany's CPI 2.8%
France's CPI 2.8%
http://www.insee.fr/en/indicateur/indic_conj/indconj_frame.asp?ind_id=29
Ireland's CPI 4.77%
http://www.cso.ie/statistics/cpi2008.htm
Japan's CPI 0.7%
http://www.stat.go.jp/english/index.htm
let us concentrate on Oz fiscal stuff---more important than
CPI!!
Why did Reserve Bank of Australia assets / liability increase
by 35 % or A$38.8 billions in 3 weeks up to 15 Oct 2008?
(140277 million less 101468 million)
I suspects Oz government bought lot of posioned assets
from banks or other financial instiutions!!
remember Oz gavaman announced she would bought another
A$ 4 b ABS,on the top of first batch of A$4b?
But what is the truths?

Explanatory Notes
- Gold and foreign exchange
Changes in this item reflect transactions of the following kinds:
- the Bank's transactions in foreign exchange and foreign securities (including under repurchase agreements);
- earnings on foreign currency investments; and
- changes in the valuation of foreign currency and gold, and changes in the market prices of the Bank's holdings of foreign currency securities.
In the week to 24 September the fall mainly reflects item (c). (back to table)Explanatory Notes
- Gold and foreign exchange
Changes in this item reflect transactions of the following kinds:
(a) the Bank's transactions in foreign exchange and foreign securities (including under repurchase agreements); (b) earnings on foreign currency investments; and (c) changes in the valuation of foreign currency and gold, and changes in the market prices of the Bank's holdings of foreign currency securities.
In the week to 15 October, the rise mainly reflects item (a). (back to table)
- Australian Dollar Securities
Movements in this item reflect:
(a) the Bank's transactions in securities (including under repurchase agreements) with the private sector; (b) subscriptions to new issues or redemptions of existing holdings of government securities by the Bank; and (c) accrued earnings on securities and changes in valuation.
In the week to 15 October, the rise mainly reflects item (a). (back to table)
nnnn
http://www.rba.gov.au/Statistics/statem_liabilities_assets.html
http://www.rba.gov.au/Statistics/sola.html
@@@@@@@@@
i have shown my point of RBA actions and u says i am not for
discussions!!
can i invite u, maurizio13,
explain to me the huge increase of assets /liabality
in 3 weeks by 35 %?
if u find anythings about MAS,pl share here.I am waiting!!
Originally posted by lionnoisy:let us concentrate on Oz fiscal stuff---more important than
CPI!!
Why did Reserve Bank of Australia assets / liability increase
by 35 % or A$38.8 billions in 3 weeks up to 15 Oct 2008?
(140277 million less 101468 million)
I suspects Oz government bought lot of posioned assets
from banks or other financial instiutions!!
remember Oz gavaman announced she would bought another
A$ 4 b ABS,on the top of first batch of A$4b?
But what is the truths?
nnnn
Let face it, you are not in here for a discussion, you are here to mudsling Australia because you were denied immigration status due to English language and congnitive abilities. ![]()
Originally posted by maurizio13:
Let face it, you are not in here for a discussion, you are here to mudsling Australia because you were denied immigration status due to English language and congnitive abilities.
i have shown my point of RBA actions and u says i am not for
discussions!!
can i invite u, maurizio13,
explain to me the huge increase of assets /liabality
in 3 weeks by 35 %?
if u find anythings about MAS,pl share here.I am waiting!!
Originally posted by lionnoisy:i have shown my point of RBA actions and u says i am not for
discussions!!
can i invite u, maurizio13,
explain to me the huge increase of assets /liabality
in 3 weeks by 35 %?
if u find anythings about MAS,pl share here.I am waiting!!
As usual, you are not making much sense and I am having problems understanding what you mean.
If assets increase by 35% and liabilities increase by 35% (with no knowledge of what you meant by this statement and not taking the monetary values into consideration), won't the 2 increases negate itself. ![]()
i think this new measure of RBA support my thoery--
MEDIA RELEASE
No: 2008-21
Date: 8 October 2008
Embargo: For Immediate ReleaseEXPANSION OF DOMESTIC MARKET FACILITIES
Conditions in global money markets have deteriorated significantly in recent weeks, with flow-on effects to domestic markets.
In order to provide authorised deposit-taking institutions (ADIs) greater flexibility to manage their liquidity in these circumstances, the Reserve Bank has decided to make some changes to its domestic market operating procedures. Specifically:
- The current restriction that prevents an institution from using residential mortgage-backed securities (RMBS) and asset-backed commercial paper (ABCP) of a related party as collateral in its repo operations with the Bank will be relaxed. This also applies to the US dollar term repo facility.
- The Bank will offer six-month and one-year repos each day in its market operations.
- Restrictions on substituting collateral within an existing repo, with the exception of general collateral, will be removed. Where the substitution includes a change in the asset class of collateral, the margin applying to that collateral will be adjusted accordingly.
Enquiries:
Dr Guy Debelle
Assistant Governor (Financial Markets)
Reserve Bank of Australia
SYDNEYManager, Media Office
Information Department
Reserve Bank of Australia
SYDNEYPhone: +61 2 9551 8200 Phone: +61 2 9551 9720 Fax: +61 2 9221 5528 E-mail: [email protected]
http://www.rba.gov.au/MediaReleases/2008/mr_08_21.html
Oz banks is running for funds!!
mmm
Originally posted by maurizio13:
As usual, you are not making much sense and I am having problems understanding what you mean.
If assets increase by 35% and liabilities increase by 35% (with no knowledge of what you meant by this statement and not taking the monetary values into consideration), won't the 2 increases negate itself.
u mean i can have a 100000 trillion balance sheet
and ok?
can u think carefully and take here?
U need funds to increase assets.Where do RBA come from?
can u read accouning 101 before u talk?
Originally posted by lionnoisy:u mean i can have a 100000 trillion balance sheet
and ok?
can u think carefully and take here?
U need funds to increase assets.Where do RBA come from?
can u read accouning 101 before u talk?
The assets comes from liabilities and equity Mr. Scatterbrain. ![]()
Then maybe you tell me what's your explanation for the increase in assets? ![]()
You have problems even understanding simple economics and you want me waste my time explain to you the workings of OMO, which at the end of it all, you will just thrash all my explanation and continue with your lunacy. ![]()
Ok. I think I understand what you mean, you are shocked by the movement in assets and liabilities in RBA.
They had alot of liabilities in their balance sheet and decided to use their assets in gold and foreign exchange to repay all their liabilities.
If your balance sheet has a loan of $100 million and you have asset of gold of $100 million, then you just use the gold to pay off the $100 million debt. So that come as a shock to you? ![]()
In another way, if you have a loan of $100,000 from the bank, you have $100,000 in cash, when you pay your loan to the bank with your cash, your liability goes down $100,000, your assets also go down by $100,000. This amuses you?
Singapore economy stuck in mud : inflation rising, M3 falling, GDP crashing - the stagflation formula
This article belongs to the Singapore stagflation watch story arc.
mas.gov.sg -> mas.gov.sg (pdf) :
The latest Singapore money supply figures are out. For the month of Dec 2007, the Singapore M3 money supply growth has continued to slow, and it now stands at 14.14% year-on-year. However, real inflation shows no signs of abating because we are at the point where economic growth is falling (crashing) faster than M3 money supply growth is slowing. The Singapore economy is thus stuck in mud, and the stagflation formula goes as follows :
14.14% M3 growth - (-4.8% economic growth) = 18.94% real inflation rate.
For your reference, the money supply figures for the year of 2007 are as follows (click here for the spreadsheet if the inline frame is not shown) :
As you can see, in 2007 we have been roaring along with an average M3 money supply growth of 20.6% year-on-year. It was only in the last 3 months (Oct-Dec 2007) that the money supply growth has slowed down considerably.
However, if anything else, this is even worse than the time where it was reported on this blog when M3 growth hit a high of 23.62% back in Jun 2007. At the time, GDP growth was reported to be a still-healthy 8.6% so the M3-to-GDP differential was 23.62% - 8.6% = 15.02% then.
Hence, for myself and for those of you readers who subscribe to the classic Austrian-school definition of monetary inflation as money supply growth relative to economic growth, the fight to maintain our purchasing power has just gotten a lot harder, and this stagflationary environment just makes things even worse.
See also :
1. Singapore 2007Q4 GDP contracted 4.8%, 2008 economic growth forecast lowered
2. Singapore economy shrinks first time since 2003
3. Singapore CPI inflation hits new 25-year high of 4.4% in December
4. Singapore : Inflation rate could push past 6% in Q1 2008
(2008-02-25 13:10:42 SGT) [Biz] Permalink Comments [1]
Rising inflation across Asia mauls Singapore Reits
Trusts may still get big lift from higher rents, higher hotel rates, say analystsSOARING inflation across Asia has sucked the life out of real estate investment trusts (Reits), whose high-yielding dividends have made them wildly popular among investors in recent years.
Investors had wrongly penalised Reits with concerns over acquisition growth and credit-tightening conditions. They have ignored the ‘organic’ boost Reits may get from higher rents and hotel rates. - MORGAN STANLEY, in a report recommending property trusts to its clients — ST FILE PHOTO
Reits, in general, have fallen about 32.5 per cent in value from their peaks last year, but those with assets in inflation-prone economies, such as China, have fared even worse, according to financial portal Shareinvestor.com.
CapitaRetail China Trust, for instance, has fallen 52 per cent in four months, as inflation in China galloped to 7.1 per cent - its highest level in over a decade.
Reits are financial instruments investing in real estate like shopping malls, office buildings and hotels.
Investors can buy units, which are much like shares, offering attractive dividend yields of 6 per cent to 8 per cent derived from rents.
This is far higher than the 1.5 per cent interest on one-year fixed deposits at a bank.
Historically, a low interest rate environment has been good for Reits - if accompanied by low inflation.
Take CapitaMall Trust, the first Reit listed in Singapore. Its assets include the Tampines Mall and Junction 8 shopping centres.
It received an overwhelming response from investors when it listed six years ago, rising from just 96 cents in July 2002 to a record high of $4.32 in July last year. Inflation played its part by staying at a benign 1 per cent.
As the consumer price index, however, surged from 1.3 per cent in June to 4.4 per cent in December, CapitaMall slid 20 per cent over the period.
The inflation pressure is unlikely to abate in the near future.
Last week, the Government revised its estimates upwards to between 4.5 per cent and 5.5 per cent for the year, from an earlier forecast of 3.5 per cent to 4.5 per cent.
So, while fears of a United States recession are causing much grief among investors as they watch the value of their growth stocks evaporate, inflation is becoming a big threat to those with high dividend-yield plays like Reits.
One trader explained: ‘A Reit may offer 6 per cent in dividend yield. But if inflation is running at 4.5 per cent, the actual yield an investor is getting is only 1.5 per cent.’
To compensate for the lower return, an investor will demand a lower price for the Reit, which escalates the pressure on its share price.
Still, analysts have not stopped promoting Reits, despite their lacklustre performance, to clients.
Morgan Stanley made a case last month with a report arguing that investors had wrongly penalised Reits with concerns over acquisition growth and credit-tightening conditions.
Investors have ignored the ‘organic’ boost Reits may get from higher rents as leases expire and hotel rates are jacked up during peak periods.
Citigroup noted on Tuesday that while there may not be a clear growth strategy for Reits this year, some are trading at hefty discounts to their net asset values, despite offering single-digit or even double-digit dividend yields.
‘This makes Reits potential takeover targets, if they have loose shareholding structures,’ it added.
Its top picks include Ascendas Reit, Suntec Reit and Parkway Life Reit.
Source : Straits Times - 23 Feb 2008
Stagflation is defined as stagnant or slowing economic growth in an environment of rising inflation. With export indicators turning down and inflation rates at multi-decade highs, Singapore is facing a sustained period of stagflation. Stay tuned and observe the unfolding events as Singapore attempts to cope with a slowing economy and rising inflation at the same time.