Shall a Bankrupt tell one with high savings how to manage $?
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Originally posted by Daddy!!:
do not be taken aback when USA reverses Bush's doctrine to have a BIG government. To have a Singapore's style CPF scheme, Singapore's style HDB scheme and Singapore's style Educational system.
HK's MPF already adopted Singapore's CPF and tried to implement HDB but unsuccessfully.
Mortgage situation in the US is so bad that a highly feasible solution is to house the people in good quality public housing and good quality educational system.
During this crisis, Singapore's goverment pump money from reserve to keep jobs while governments in the first world countries pump money to save banks. See the difference?
Dream on... the USA do not arrest and jail their dissidents... what you are suggesting is impossible.... even Thail people are no silliporeans and you think that the people living in the only superpower with the biggest economy in the world (and more impressive, the fact that they are one quarter/one third China/India) will stand for BIG GOVERNMENT?
There might be some minor adjustments here and there but that will be it.
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even if he sucks, he can at least teach u not to be like him.
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it used to be small government + big market based on Bush's belief in free markets' self-regulating abilities. At this juncture, the big trend is towards lots more regulation ie BIG government. Even wall street would be subjected to lots more supervision and regulation by public servants. this trend is unavoidable.
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within the next six months, do not be surprised that USA would send a fact finding team to Singapore to pick up key points on how to regulate this and that, and at the same time keeping most of the population happy. Effective and efficient regulation from low to high is Singapore's forte. Then the Americans will realise that while their country needs regulation desperately, effective regulation comes at a price which is less liberal democracy. the choice is tough to make but they will have to make it nevertheless.
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Investment bankers wrecked the credit markets => banks got bailed out => tax payers pay => economy crashes => crisis management means state supervision and regulation => less freedom => less democracy. Weak economy and strong democracy do not walk hand in hand. In contrary, strong economy and weak democracy can.
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Originally posted by Daddy!!:
within the next six months, do not be surprised that USA would send a fact finding team to Singapore to pick up key points on how to regulate this and that, and at the same time keeping most of the population happy. Effective and efficient regulation from low to high is Singapore's forte. Then the Americans will realise that while their country needs regulation desperately, effective regulation comes at a price which is less liberal democracy. the choice is tough to make but they will have to make it nevertheless.
wow, your delusion is really deep... because you have no idea what caused the problems and why the USA and Singapore are facing different problems... and what problems they are facing are the same... no wonder you can start a topic,
Investments in Merril Lynch making money for Temaseklast Speaker's Corner Daddy!! 293 12,684 23 Jan `09, 12:19PM by view You need to be constantly reminded what an idiot you are, don't you?
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and you need to be reminded that I proved you to be a ball-less person with no guts to trade a stock markets in a sell-off.
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other than knowing how to write "delusional", you are a good for nothing.
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a good for nothing will only tell people to "Hoard your money" during a crisis. another evidence how lousy you are and a kind reminder to look into the mirror before calling names.
people with foresight and wisdom will find ways and means to capitalise on current situation such as risk taking unlike people who suggest again and again to "hoard your money" wait and wait till the cows come home.
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useless person's trading idea: "hoard your money". message posted all over again and again.
he has no idea that while he is hoarding his money, many others are making tons of money.
lousy "delusional" and ball-less person?
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Originally posted by Daddy!!:
a good for nothing will only tell people to "Hoard your money" during a crisis. another evidence how lousy you are and a kind reminder to look into the mirror before calling names.
people with foresight and wisdom will find ways and means to capitalise on current situation such as risk taking unlike people who suggest again and again to "hoard your money" wait and wait till the cows come home.
wow, a bunch of baseless claims, what an idiot.
Let's see, I told people to get out of the market in July 2007 and compare those that listened to me and idiots like you. 07 Jun `08, 3:55AM
Let's see, those thinking of buying a car in November 2008 that took my advice to HOARD their money and wait because everything will get cheaper. 12 Nov `08, 7:31AM
Compare those thinking of buying a car that listened to me in "12 Nov `08, 7:31AM"
and idiots like you with the lastest COE at $200.
... you really need constantly to be reminded what an idiot you are, don't you?
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>> Shall a Bankrupt tell one with some savings how to manage $$? <<
would you seek investment advice from Donald Trump or turn on your TV to watch his show? ...just because you are bankrupt doesn't mean you're not good with your finances, and just because you have some savings doesn't mean you're wise or knows how to manage you finance to reap maximum returs.
Also the way our Temasink is wasting away our savings, it won't be long before any remaining $$$ of our savings are wiped off in front of our face
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Originally posted by AbsoluteGloss:
>> Shall a Bankrupt tell one with some savings how to manage $$? <<
would you seek investment advice from Donald Trump or turn on your TV to watch his show? ...just because you are bankrupt doesn't mean you're not good with your finances, and just because you have some savings doesn't mean you're wise or knows how to manage you finance to reap maximum returs.
Also the way our Temasink is wasting away our savings, it won't be long before any remaining $$$ of our savings are wiped off in front of our face
One can imagine the kind of advice Ho Jinx of Temasink will give. Marry a widower with a dishonorable father persecuting dissidents and opposition to enable him to take public money at will and without accountability and you will have hundreds of billions of public money to gamble away to foreigners (while pocketing massive amounts of the said public money legally!!!!)
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On the other hand, should lionnoisy (non-bankrupt) teach Donald Trump (bankrupt) how to mange his finances?
If you were a bankrupt, would you let lionnoisy handle your finances?
He'd probably put all your money into CPF.
Well, at least you will know it's safe there till maturity 70 years later or till you die (you die rich).
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Originally posted by maurizio13:
On the other hand, should lionnoisy (non-bankrupt) teach Donald Trump (bankrupt) how to mange his finances?
If you were a bankrupt, would you let lionnoisy handle your finances?
He'd probably put all your money into CPF.
Well, at least you will know it's safe there till maturity 70 years later or till you die (you die rich).
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If Ho Ching was not made a bankrupt after the disastrous affair at Micropolis, did Temasek benefitted anything from her previous experience ?
Perhaps Ho Ching should have been made a bankrupt then Singapore would not have lost the $3 Billion in Shin Corp, and Thaksin would have kept his job instead of running off with the $3 Billion that Temasek paid for a useless Shin Corp shell.
It would probably have been better for Ho Ching to be made a bankrupt, as it would not have resulted in the painful losses of billions in investments at Merryl Lynch, UBS, Stanchart, and the other useless investments in the shareholdings in banks, tuition centers, telephone companies, bakeries, and non-synergetic business entities across the Globe.
This thread should have been modified to read as -
"Can one who was held back from becoming a bankrupt teach a State Owned Investment Company how to make money ? "
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Originally posted by Atobe:
If Ho Ching was not made a bankrupt after the disastrous affair at Micropolis, did Temasek benefitted anything from her previous experience ?
Perhaps Ho Ching should have been made a bankrupt then Singapore would not have lost the $3 Billion in Shin Corp, and Thaksin would have kept his job instead of running off with the $3 Billion that Temasek paid for a useless Shin Corp shell.
It would probably have been better for Ho Ching to be made a bankrupt, as it would not have resulted in the painful losses of billions in investments at Merryl Lynch, UBS, Stanchart, and the other useless investments in the shareholdings in banks, tuition centers, telephone companies, bakeries, and non-synergetic business entities across the Globe.
This thread should have been modified to read as -
"Can one who was held back from becoming a bankrupt teach a State Owned Investment Company how to make money ? "
It's alright, they can always increase electricity by $0.05 /kwh to recover all the losses in 3 months.
Their loss is our loss, their gain is not our gain.
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how could a double first class honours fail so badly?
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it must have something to do with her inferior overseas lecturers' teachings on her. Elite Singaporean won't normally make such big mistakes.
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Seriously, it nothing to do with her degree whatsoever.
If you want to do investment management, you take up a degree that is finance related.
Do people get an Economist to fix their plumbing system?
Get the right people for the right job, don't base your hiring on relationships (unless it's your own business).
But then again, Temasick is family business, it doesn't belong to Singaporeans.
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she no longer calls the shot in temasek
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is american already bankrupt? not unless there are lotsa countries queueing up to buy their national debts at super low interest.
i would rather listen to american than to those crazy and stupid SWF that bought into ailing banks believing they are making a good catch.
temasek is screw this time!!
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This thread is precious... the first time I come across the names "Temasink" and "Temasick"...
...how appropriate....
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Originally posted by AndrewPKYap:
This thread is precious... the first time I come across the names "Temasink" and "Temasick"...
...how appropriate....
Temasing also can mah
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Originally posted by AndrewPKYap:
The country's ECONOMY is more than just government savings or deficits.
USA is the number one economy in the world and will remain so for the forseeable future. China is so big only because of their size, not because they are intelligent.
USA, Japan are smaller but doing much better. Singapore under the British system, as well.
Singapore could do well because of the British legacy and that lasted lasted for 30-40 years after they left and now systematically being destroyed by the PAP.
Dishonorable despots prefer their governments to have huge savings so that they can siphon public money into their own pockets, even if in so doing, they damage the economy.
Andrew,can u read history in this hoilday?
Is it a shame that USA borrows to be biggest econmomy ?
From Federal,states,cities to individuals,US are in heavy NET debts.
They borrow to spend,unlike Singapore ''borrow' from CPF Board
to give CPF members a secured and risk --free returns!
U can say it is good USA have good credits that foreigners
willing to lend them money.But it is totally against
text books teaching that a country shall NOT borrow
to spend,just like u have seen USA in the past few decades.
The two parties in USA say it it fine,until all these messy happen.
The credit crunch is different from US heavy debts.
Can u tell me shall Federal,states and cities borrow
to survive?Have u heard Calif.Governor that his state
will soon not able to pay civil servants.This is the richest state in USA
and also facing big money problems!!
The Yankees ,including medias,shall clean their messy at their
back yard,before they teach SG how to manage this little red dot.
Just in case u forget,SG NET national reserve is at least 100% of GDP.
How would u comment after u Compare with the net debts of US
Fed ,states and cities,Andrew?
Shall u learn from a richman to manage $$,or u learn from a poor guy,like me?
California faces financial meltdown as debt grows by $1.7m an hour ...
- [ 翻译æ¤é¡µ ]12 Dec 2008 ... As of yesterday, the state’s debts were mounting at a rate of $1.7 million ... For California’s Republican Governor Arnold Schwarzenegger, ...
www.timesonline.co.uk/tol/news/world/us_and_americas/article5327474.eceThe de facto insolvency of America’s most populous state — home to such economic engines as Silicon Valley, the Central Valley agricultural region, Hollywood, Napa Valley, the Long Beach ports, and the defence research and production facilities of Los Angeles, San Diego and the Mojave desert — would represent a new scale of catastrophe in a year in which financial markets and economies have imploded globally.
Bill Lockyer, the treasurer of California, has cautioned that $5 billion of public works projects, including road and school construction, will have to be cancelled because the state’s lenders are worried about an impending Iceland-style bankruptcy. California — which has a GDP of $1.7 trillion — already has the worst credit rating of any of America’s 50 states. “Without a budget solution, state financing of infrastructure projects will stop. It’s as simple, and dire, as that,” Mr Lockyer said this weekGDP per capita----SG already exceeds USA
2.In 1959,when PAP started to rule Singapore,SG's GDP per capita
is just a small fraction of USA.Now,SG is slightly ahead of USA.
Why?Shall we learn from USA in managing economy?
What resources do Singapore have?
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html
http://www.singstat.gov.sg/stats/themes.html
http://www.singstat.gov.sg/stats/themes/people/popnindicators.pdf