Are foreigners pulling money out of Singapore banks?
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That's true. But it was your assessment of the situation when you decide to purchase that property. We each are responsible and must take responsibility for our own actions. However, loans are still avaliable, none had been rejected unless they have bad credit ratings to begin with.
How true. We must be ultimately responsible for our own action. No point blaming people for telling me it is a great idea to own my own property. Just like the people who lost money in minibond should never blame the RM for misselling.
That is why we must always not take people's word at value and learn to ask critical question, to understand fully. Because I must learn fully to take care of myself.
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% of property to TOP next year - no idea.
We see transaction volume comes down and price holding.
We see bank tightening credit.
Each to decide what will happen next...
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You cannot say that those children that drank the China milk are at fault. You cannot say that their parents are at fault for buying the milk.
So you have to be clear in your mind where to put the blame so that you can solve the problems.
If the despots are at fault, then the despots are at fault (maybe not completely but you cannot be like an assdog and never see their faults.)
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I understand mixing melamine in milk is an "industry practice". So in this case, obviously there is something fundamentally wrong there, and consumer is definitely not at fault.
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Dishonorable asspots run country...
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i like graphs with captions describing what it means,
or at least have axis saying what is what...
from your caption, the x axis is time, the y-axis is....money?
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Originally posted by skythewood:
i like graphs with captions describing what it means,
or at least have axis saying what is what...
from your caption, the x axis is time, the y-axis is....money?
I dont know how many variations of this chart I have shown (for different days). Anyway it is SGD against JPY.
The one below against Thai Baht
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Wow, look at that! Look at the move from 235pm (post above) to 615pm... just a couple of hours and the price of everything imported (which is almost everything) increased (because SGD fell).
Listen to the despots and the assdogs in this forum at your own risk!
...damned despots with their assdogs licking their assholes are totally destroying SGD....
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Woohoo! Exporters must be jumping with joy! Our exports will now be cheaper with a lower Sing dollar! Workers get to keep their jobs now, and will have more to spend.
Lower singdollar means cold climate tourist will now come over to sunny Singapore, means workers in the services sector too will get to keep their jobs!
FT and FWs who have been earning our currency will cry, as it will be less value to the dollar to remit home, but then, it helps us maintain our currency exchanges..hehe...
And for the rest of us who need to spend, will just have to spend wisely and not frivously, nor feverishly to keep the domestic economy alive. We can all wipe a bit of the sweat off our foreheads, although not fully, at least not yet.
About time not to let our exports fail.
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Originally posted by xtreyier:
Woohoo! Exporters must be jumping with joy! Our exports will now be cheaper with a lower Sing dollar! Workers get to keep their jobs now, and will have more to spend.
Lower singdollar means cold climate tourist will now come over to sunny Singapore, means workers in the services sector too will get to keep their jobs!
FT and FWs who have been earning our currency will cry, as it will be less value to the dollar to remit home, but then, it helps us maintain our currency exchanges..hehe...
And for the rest of us who need to spend, will just have to spend wisely and not frivously, nor feverishly to keep the domestic economy alive. We can all wipe a bit of the sweat off our foreheads, although not fully, at least not yet.
About time not to let our exports fail.
What an idiot you are. The problem with exports and tourism is not "currency rates" but "falling demand" due to the world-wide recession.
How can exporters be happy when their costs of goods sold (since this despot run country does not have any commodity to speak off and imports all the raw materials) is rising?
This is the worse time for the currency to fall, but the despots cannot do anything about it because the foreigners are withdrawing money out of the banks in droves (so am I
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hahahaha... why do I keep showing Thai Baht and Japanese Yen charts? hahahaha... see what I wrote page one second post:
Originally posted by AndrewPKYap:Send money to Japan and even Thailand is better because of the freee press there and you won't get surprises because everything is out in the open.
hahahaha, you know where I have been sending my money...
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Singapore shares close 8.33% lower
Posted: 24 October 2008 1743 hrs
Photos 1 of 1 
SINGAPORE : Singapore shares plunged 8.33 per cent on Friday on fears of a global recession hurting corporate earnings, dealers said.
The Straits Times Index fell 145.39 points to 1,600.28. It was the index's lowest closing level since September 2003.
Volume was 1.36 billion shares. Losers led gainers 486 to 116.
"The mood on the trading floor is just terrible, the Nikkei is collapsing... There are worries over the banks' results," a trader with a local house told Dow Jones Newswires.
Japan's Nikkei index plunged more than nine per cent on Friday, coming close to its post-bubble low after the yen surged and technology giant Sony slashed its profit forecasts.
"Absolute carnage in Asia as recession fears spread like a wild fire. Risk aversion is happening on a massive scale," Knight Equity Markets vice president Ioan Smith said.
Among Singapore's leading blue chips, Singapore Airlines plunged S$1.22 to S$10.52, Singapore Telecommunications was off 22 cents to S$2.06 and Neptune Orient Lines dropped 13 cents to S$1.03.
Property stocks also closed weaker after the latest figures showed private residential property prices fell in the third quarter, the first decline in more than four years.
CapitaLand sank 19 cents to S$2.58, City Developments retreated 46 cents to S$6.10 and Keppel Land was nine cents lower at S$1.59.
As for banks, DBS gave up 94 cents to S$10.04, United Overseas Bank lost S$1.72 to S$12.08 and Oversea-Chinese Banking Corp was down 61 cents at S$4.88. - AFP/ms -
Originally posted by AndrewPKYap:
What an idiot you are. The problem with exports and tourism is not "currency rates" but "falling demand" due to the world-wide recession.
How can exporters be happy when their costs of goods sold (since this despot run country does not have any commodity to speak off and imports all the raw materials) is rising?
This is the worse time for the currency to fall, but the despots cannot do anything about it because the foreigners are withdrawing money out of the banks in droves (so am I
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When the day arrives that humans can just live on air alone, then your theory of 'falling demand' will hold true. But then, no human can claim they need nothing.What commodities prices had risen that had not fallen equally dramatically that you, in your delusional state, had alluded?
With all things being equal, a product manufactured in Singapore will be cheaper as compared to other products manufactured outside Singapore, our neighbours now, competitive in pricing.
Do you need a lesson in Economics 101?
And by the way, uncle, hope you bougt a secure door for your home since you intend to take your money knee jerkingly out of banks. It is bonus time for criminals to operate. AND dont KBKP when you have been robbed, your love ones threatened or kidnapped, or lost their lives. Happy rolling in your money, or what's left of it uncirculated.
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Originally posted by xtreyier:
When the day arrives that humans can just live on air alone, then your theory of 'falling demand' will hold true. But then, no human can claim they need nothing.What commodities prices had risen that had not fallen equally dramatically that you, in your delusional state, had alluded?
With all things being equal, a product manufactured in Singapore will be cheaper as compared to other products manufactured outside Singapore, our neighbours now, competitive in pricing.
Do you need a lesson in Economics 101?
And by the way, uncle, hope you bougt a secure door for your home since you intend to take your money knee jerkingly out of banks. It is bonus time for criminals to operate. AND dont KBKP when you have been robbed, your love ones threatened or kidnapped, or lost their lives. Happy rolling in your money, or what's left of it uncirculated.
gibberish, but thanks for bumping up my thread...
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Originally posted by xtreyier:
When the day arrives that humans can just live on air alone, then your theory of 'falling demand' will hold true. But then, no human can claim they need nothing.What commodities prices had risen that had not fallen equally dramatically that you, in your delusional state, had alluded?
With all things being equal, a product manufactured in Singapore will be cheaper as compared to other products manufactured outside Singapore, our neighbours now, competitive in pricing.
Do you need a lesson in Economics 101?
And by the way, uncle, hope you bougt a secure door for your home since you intend to take your money knee jerkingly out of banks. It is bonus time for criminals to operate. AND dont KBKP when you have been robbed, your love ones threatened or kidnapped, or lost their lives. Happy rolling in your money, or what's left of it uncirculated.
you want to know why a devalue Sg dollars (i used the word devalue because sg dollars is not traded openly) does not necessary translate to cheaper SG made products?
because Sg have to import raw material or work in progress to complete its finish goods. That means it cost more to import. (All things being equal) That increase in cost will displace thru final product cost.
Does it translate cost reduction due to wage reduction. Well seriously how low can wage goes down at the line level in Sg ? with the high cost of living expenses.
Perhaps you can squeeze your average Joe the Middle Mgr. Than the senior mgt which are FT and they command salary at the regional level.
by the way did you not notice that OIL price which play a major part in this event has not come down to its original price and OPEC is talking about cutting production. You seriously think you can maintain Export ?
i believe the gain thru exchange is overshadow by high oil price.
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All the signs I read say recession is here.
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i think Dow may well settled down below 8000 ticks. said between 7500 - 7800 to tapper off.
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Originally posted by Arapahoe:
you want to know why a devalue Sg dollars (i used the word devalue because sg dollars is not traded openly) does not necessary translate to cheaper SG made products?
because Sg have to import raw material or work in progress to complete its finish goods. That means it cost more to import. (All things being equal) That increase in cost will displace thru final product cost.
Does it translate cost reduction due to wage reduction. Well seriously how low can wage goes down at the line level in Sg ? with the high cost of living expenses.
Perhaps you can squeeze your average Joe the Middle Mgr. Than the senior mgt which are FT and they command salary at the regional level.
by the way did you not notice that OIL price which play a major part in this event has not come down to its original price and OPEC is talking about cutting production. You seriously think you can maintain Export ?
i believe the gain thru exchange is overshadow by high oil price.
Just have a look at how much raw materials price had dropped. What cost a dollar yesterday to buy is now only 80cts.DO remember, trade is in US dollars. How much had our exchange rate drop to the US dollar? Not as significantly as our neighbours who lost much more.
Thus, our product prices will be more competitive while fighting for the western world's dollar.Orders are meant for future productions. With more orders due to lower singdollar, means factories can continue to hire, or workers stay on their jobs.
And oil? Hahahaha...its a lost cause. I personally am glad they are weeping now at $64/barrel, even with their million barrel cuts. And they will only weep more. They are the true selfish masters of greed, selling oil happily at $147 a barrel without a care for the rest of the world, causing immense rise in prices of everything else, except for Saudi Arabia. -
I think it is good for oil to come down as it takes some of the input cost pressure off.
I also think it is also quite probable that the price drop is affected by expectation of slower demand for goods and services. I think we should brace ourselves for slowdown (ie job losses, restructuring, pay cut), and make preparation accordingly.
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Originally posted by ArtBoon:
I think it is good for oil to come down as it takes some of the input cost pressure off.
I also think it is also quite probable that the price drop is affected by expectation of slower demand for goods and services. I think we should brace ourselves for slowdown (ie job losses, restructuring, pay cut), and make preparation accordingly.
Just a minor correction on your post:-
Oil was oversold at $147/barrel, due to speculators pushing up the prices and NOT reflective of actual demand as well as knee jerked reactionary stockpiling to news that it would shoot to $200/barrels.
NOw, Iran and the rest of their gang are stewing, as the same speculators are dumping their investments holdings on oil. $64/barrel may just be the true value of oil and in relation to demand and even lower if markets truly go into recession.
Yi Haaaar!!!! -
Wow, STI is so low!!! shucks man. Recession....
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Originally posted by likedatosocan:
Wow, STI is so low!!! shucks man. Recession....
The more money the foreigners pull out, the worse it will be, better look out for yourself because you cannot trust the dishonorable people in power that will persecute dissident voices and the opposition in order to take as much public money as possible without accountability and resposibility.
That is why people curse them and people bless Dr Chee Soon Juan.
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You know the Europe / Asia summit in Beijing at the moment? Well it is just more bad news for Singapore.
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Date Posted: 31 Oct 2008 2146 hrs (SST)
SINGAPORE: Senior Minister Goh Chok Tong has stressed that Singapore's financial system is stable, adding the government is now studying the impact of the financial crisis on the economy....Chairman of the Monetary Authority of Singapore -
Originally posted by AndrewPKYap:
The more money the foreigners pull out, the worse it will be, better look out for yourself because you cannot trust the dishonorable people in power that will persecute dissident voices and the opposition in order to take as much public money as possible without accountability and resposibility.
That is why people curse them and people bless Dr Chee Soon Juan.
glad to see we agree on one point, but do you also know if people were to protest on the streets often enough to give an impression of political instability foreign investors would also pull out?