Originally posted by shrekho:How about we see it from a seperate pov?
We do know and the indicators do show that the meltdown was coming, but good will and political movements might be the cause for the investments.
I had chat with a few of those guys. Sounds smart, but I am no guru in investment. I believe those working in GIC are not stupid either.
However, adopting a wait and see attitude over this case is potentially going to cause a problem. How many billions can we afford to lose, before the alarm sounds off?
The risk involved is in 2 broad areas.
Not having independent thinking and even if you can think differently may not be able to voice seperate views.
Current financial trading base on certain fundamental principle of investment. Furthermore base on certain 3rd source Data. without understanding of the dept of the financial market.
During the financial market nobody ever look up and say hey the credit default swap is over 40 trillion dollar globally....that is a heck of debt globally.
Originally posted by As romanista2001:you'll be surprised to know that i know a couple guys in MAS and they know virtually nuts about central banking..........
don't think smart people work for Temasek and GIC..................only obedient lackeys do...............
Scholars...lots of scholars...
Originally posted by Arapahoe:The risk involved is in 2 broad areas.
Not having independent thinking and even if you can think differently may not be able to voice seperate views.
Current financial trading base on certain fundamental principle of investment. Furthermore base on certain 3rd source Data. without understanding of the dept of the financial market.
During the financial market nobody ever look up and say hey the credit default swap is over 40 trillion dollar globally....that is a heck of debt globally.
40 trillion only in some derivatives.............total derivatives out there.................1200 trillion at least..............that's over 1.2 quadrillion....................
look out for mortgage crash of Alt-A and ARM in US......................then there's credit card debt defaults, car loans, student loans, whatever loans..............
commercial property already started their massive crash..............then corporate loans............all those mega mergers and buy-outs.................including the casinos in S'pore...........LOL........
we're heading into a mega-depression..................many countries will go bankrupt too..............i'm hoping Temasek and GIC go flat broke.......................CPF will be exposed as a ponzi-game in the end..............
then my boldest prediction of all will come true...............the collapse of Communism in China..............
Originally posted by As romanista2001:40 trillion only in some derivatives.............total derivatives out there.................1200 trillion at least..............that's over 1.2 quadrillion....................
look out for mortgage crash of Alt-A and ARM in US......................then there's credit card debt defaults, car loans, student loans, whatever loans..............
commercial property already started their massive crash..............then corporate loans............all those mega mergers and buy-outs.................including the casinos in S'pore...........LOL........
we're heading into a mega-depression..................many countries will go bankrupt too..............i'm hoping Temasek and GIC go flat broke.......................CPF will be exposed as a ponzi-game in the end..............
then my boldest prediction of all will come true...............the collapse of Communism in China..............
Actually, I did think about it before... There has to be some sort of investment related to our CPF monies right? Otherwise where does the percentage of interest come from?
Originally posted by shrekho:Actually, I did think about it before... There has to be some sort of investment related to our CPF monies right? Otherwise where does the percentage of interest come from?
the only reason why they give interest is so people won't cry mom and dad...................it's a ponzi game and the coming depression will collapse it................
Originally posted by As romanista2001:40 trillion only in some derivatives.............total derivatives out there.................1200 trillion at least..............that's over 1.2 quadrillion....................
look out for mortgage crash of Alt-A and ARM in US......................then there's credit card debt defaults, car loans, student loans, whatever loans..............
commercial property already started their massive crash..............then corporate loans............all those mega mergers and buy-outs.................including the casinos in S'pore...........LOL........
we're heading into a mega-depression..................many countries will go bankrupt too..............i'm hoping Temasek and GIC go flat broke.......................CPF will be exposed as a ponzi-game in the end..............
then my boldest prediction of all will come true...............the collapse of Communism in China..............
yeah i also like to know why singaporean willing to pay so much for their HDB???
even until now???
Originally posted by shrekho:Actually, I did think about it before... There has to be some sort of investment related to our CPF monies right? Otherwise where does the percentage of interest come from?
that was already realized as profit or loss....everything else is in paper value...that is why you see increase in withdrawer limits etc....
Originally posted by Arapahoe:yeah i also like to know why singaporean willing to pay so much for their HDB???
even until now???
If not staying in hdb, then stay where?
Spore only have hdb for the middle and low income group earners.
Not willing to pay, is bo pian, if dont buy, family wiill have to sleep in the tent.
Originally posted by likeyou:
If not staying in hdb, then stay where?Spore only have hdb for the middle and low income group earners.
Not willing to pay, is bo pian, if dont buy, family wiill have to sleep in the tent.
resales market....people are still willing to pay beyond premium price? I sometime wonder if SG really understand if the depth of this crisi?
Originally posted by Arapahoe:
resales market....people are still willing to pay beyond premium price? I sometime wonder if SG really understand if the depth of this crisi?
Sometimes I wonder (imho) those prices that increases so high must be someone behind the curtain 'do ghost'. And someone behind the curtain 'do ghost' built more and more hdbs, macam like spider web surrounding the pple making them no choice but to pay high and live in hdb.
Originally posted by Arapahoe:yeah i also like to know why singaporean willing to pay so much for their HDB???
even until now???
''normal'' prices though high can't be helped if you need a place to stay............those guys that bought those 600K and 800K flats........they'll lose 1/3 at least...............they're the real goons............
3-rm and 4-rm will be safest..............those guys willing to wait can pick up 5-6 rm flats at bargain prices later.........
yes worst still very soon it will be radio active contaminated....flat....for quarter of a million....Talk about "Singapore craz"
Does singaporean understand the meaning of living?
Originally posted by As romanista2001:''normal'' prices though high can't be helped if you need a place to stay............those guys that bought those 600K and 800K flats........they'll lose 1/3 at least...............they're the real goons............
3-rm and 4-rm will be safest..............those guys willing to wait can pick up 5-6 rm flats at bargain prices later.........
Agreed.
Those pple can afford to buy $600k or $700K are normally live in condo or landed property and downgrade. They have tons of cash to spare.
Originally posted by likeyou:
Agreed.Those pple can afford to buy $600k or $700K are normally live in condo or landed property and downgrade. They have tons of cash to spare.
a lot of cash to lose too..................
Originally posted by likeyou:
Agreed.Those pple can afford to buy $600k or $700K are normally live in condo or landed property and downgrade. They have tons of cash to spare.
No, not really, i understand Singaporean very well, most wanted face...face ok, die die also want face, cannot downgrade one, taking these into account, the govt play their way in by saying most peoples are affordable and that the properties will increase by 10 folds in the years to come, so these people sold their house and buy thru loans and pay by CPF again, afterall CPF also cannot take out completely, what for keep inside, so you buy, he buys, she buys, they buy and so on...and when they see their friends or relatives or colleagues in this coming CNY, he will boost that i bought a 5 rooms HDB for $700k, then another one will boost i bought it at $750k and so on...very typical singaporean mentality, LKY knows them very well. He make them look proud, challenge each others and fear of shame in a way that he can manipulate them easily thru these weakness
coming CNY
just imagine if u tell ur aunties unkers
I just brought a freehold condo in D09!!
think they will serve u with abalone also
if u tell them i just brought a hdb in woodlands
then hor,....
Notice when govt announce that Temasek or GIC is in good shape, some ministers, at the same time, will begin to apologise or admit for the rising price of goods and properties.
actually not only one or few hundreds of locals
causing the prices of houses to go up
it also involve buyers from indo, malaysia
hk,korea, japan, africa, outer space etc
one or two millions to them is really nothing...
Originally posted by noahnoah:
coming CNY
just imagine if u tell ur aunties unkers
I just brought a freehold condo in D09!!
think they will serve u with abalone also
if u tell them i just brought a hdb in woodlands
then hor,....
...they will still serve u abalone if you said u bought it at $700k for a 5 Rooms at Woodland. And if you said you buy is at $800k, lagi good, you are in the 7 and 10 oclock news tonight and also in tomorrow all papers front page, imagine how proud you will be...
Originally posted by angel7030:
...they will still serve u abalone if you said u bought it at $700k for a 5 Rooms at Woodland. And if you said you buy is at $800k, lagi good, you are in the 7 and 10 oclock news tonight and also in tomorrow all papers front page, imagine how proud you will be...
but inside they're weeping when they lose up to half the value...............markets are crashing now.........WOOHOO
Originally posted by As romanista2001:but inside they're weeping when they lose up to half the value...............markets are crashing now.........WOOHOO
Aiyo, friend, you as a singaporean, you really dun understand Singaporeans leh...Singapore people dun mind losing inside, as long as outside is beautiful and can show off their wealth and ability to buy,..they dun mind tolling and suffering to pay it off, the most important is able to show off, be proud and act like towkay style,...the rest is secondary lah.
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http://www.temasekreview.com/2010/02/09/temasek-to-raise-1b-in-bond-sale/