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LAST WARNING ......................


Meecar
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Neutral Newbie

Actually to really think about it.

 

Once US is confirmed to be in recession and the SubPrime issues has confirmed on the losses.

 

The removal of the uncertainty may cause the market to rebound sharply and carry on with its Bull market.

Just my 2 cents worth of opinion. Just believe it a not. [laugh]

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Dear fellow sillyporeans

 

as studied the local and world markets with intensity, I have come to the following conclusions:

 

we are definitely going into recession

 

any attempts or measures by the government to avert this recession is just prolonging the start of the recession

 

for starters

 

better tighten your belt

 

your job may not be there tomorrow

 

if any investment gains now better liquidate if not may end in negative territory

 

 

 

what have I done

 

liquidate my property and thinking of renting

 

looking for investment bargains

 

 

 

take care of your own finances before too late

 

this is really serious, in a few months time if those who laugh at this posting may have to eat their words

 

if it turned out better than we have spare cash to invest later

 

 

good luck and start praying

 

It has been foretold that the USD will drop and the Euro Dollar will rise.

 

Oil prices will continue to rise nevertheless and the point of focus is to look at both the Middle East and the United States.

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the view of oil will continue to rise and usd will continue to drop is solely based on hindsight analysis.

current mkt situation is like a rubber band. As oil and other commodity gets more expensive and inflation going higher, this is like stretching the rubber band longer and longer....it will snap and the longer u pull the more painful it will be if it snaps at you.

there is now a lot of talk of government intervention. even those countries that advocate a strong local currency vs USD is considering holding back as strong local dollar will impact on it's exports hence economy. so it's a balancing game.

once economy soften, oil will follow. it's only a matter of time.

current actions by the Fed only prolongs or delay the problem, not actually solving it. what they need to do IMHO is to actually force banks to merge (like JPMorgan buying Bear Sterns).

China is taking some positive steps in cooling the inflation. Not so clear what our gahment is doing (if anything at all). Removing some taxes temporarily (gas, rental) will go some way to ease our burden.

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recent investment by GIC to UBS and Merillich, it is not as straight forward as people think

 

sillypore, is a strong allied to the USA, it is possible that US asked sillypore to support financial system by buying shares of UBS and Merilich for all we know

 

USA certainly does not want anymore Middle East or China money

 

i dont think the GIC are so stupid when they themselves know the US economy will deterior further, on paper GIC have lost already US$1 billion on their investment in UBS

 

 

if you look at the this in the simplest of form

 

GIC willing to lose US$1 billion within a few weeks but would NOT be willing to just increase S$30 for those who are on hand-outs

 

the irony of living in sillypore

 

Jim Rogers also commented that Singapore would be losing money for the recent investments. My GUESS why GIC did it is to boost its image to become the number one financial hub in Asia Pacific and another main objective is to prevent those overseas investment banks from collapsing else thousand of Singaporeans will be affected badly who work in those banks. The collapsed of Bear Stearns is an indication that retrenchment is coming.

Edited by Speedsun
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dont understand why HK can really go for tax free in soem area from thier last budgeting...but since ours always so highly claimed..why $200 only!

 

well we see difference ,dont we?at least they dont so "big hole"

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Turbocharged
is there anything between both of u?

 

Hrrrr...i think its Watwheel vs Meecar & Friendstar Vs Unclewolve. [:p]

 

I can sense the biting too. [sweatdrop][sweatdrop][sweatdrop]

 

Yeah... Children, don't fight. [laugh]

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whichever bank i should say, i never belif in any of them esp those YOUNG one.... what do they know? they only have academic qualification..... THAT's all.

 

Like i always said, if they are really that GOOD, you think they will work for the bank for the sesame pay? and funny thing is, there are people who willing to part their millions with these young brat...... [laugh][laugh][laugh]

 

you got a point but i wont be so quick to discount a young one

 

because sometimes they bring in new ideas that old bird like can learn

 

i think it is based on three things

 

the banker - needs to have integrity and discipline

the bank has a good research office backing the banker

the customer must also know what he or she is getting into

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there lies the power of people power

 

today i met a client (not sillyporean) from maritime industry and he has been staying in singapore for 3 years he is going to go china where the action is

 

 

I was offended first but he has a point

 

sillypore is a nation for dumb people - his reasoning is you can be dumb like an idiot and still live here because everything is controlled

 

it is a good place to stay but after awhile it becomes meaningless

 

I then asked him about terrorist got lost while pee-pee, he broke out laughing and then sign the contract because i made him happy

 

 

he said in his own words, sillypore police are good and pride themselves at catch pickpockets, overstayer working as prostitutes but when come to terrorist they are lost ... not just lost BUT completely lost

 

while the terrorist is still at large, MINISTER WKS is no where to be seen, he said if this was in his country, WKS would have been shown the door

 

I thank him for his comments and during lunch started think about your posting

 

there is serious lack of sincerity on the part of our sillyporean gahmen in their apparent hand-outs to our citizen WHY

 

to get the hand out you must register or must put in certain amount of money first before the money is give

 

some of my elderly relatives lost out because they forgot or dont know how

 

 

in short - unlike Hong Kong money given to people is given in the simplest of form

why my i put in money into my cpf before you give me, the only reason i can think, GIC needs more money to gamble like buying UBS and etc

 

why dont the gahmen come out and tell the whole story and stop people from guessing and making wild allegations, these allegations are becoming to appear as truth

 

sillyporeans, like you and me, may not care now, but when we are old and need to use our CPF, they raise the age or find ways to withhold the money from us, then we will regret out silence when we young

 

good luck to us

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[reply]wah single malt sial.... so far in my life, only manage to tried once..... very smooth and no head paining the next day [thumbsup][thumbsup][thumbsup] better than CBlue

 

you tried macallan is it? yap, macallan never give me hangover but not all single malt no headache la. dun believe go and try glenlivet and singleton. i took mc the next day just to stay on bed. [thumbsdown]

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