Madsumm 1st Gear October 10, 2008 Share October 10, 2008 Well... don't even know what is its value now since its technically bankrupt. Last heard, they blame UK for the locking things up. opps... ↡ Advertisement Link to post Share on other sites More sharing options...
Madsumm 1st Gear October 10, 2008 Share October 10, 2008 Take a look at today's chart for Nikkei 225... Wah lau.. never know the slope so smooth... Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear October 10, 2008 Author Share October 10, 2008 PM LEE - Singapore economy affected at least a year.... dah SINGAPORE - The problems afflicting US and European banks will hurt Singapore and other emerging Asian economies for at least a year, Prime Minister Lee Hsien Loong said on Friday. 'Asian countries cannot avoid the impact of weakening US, European and Japanese economies. We must prepare for a rough ride at least over the next year, and quite possibly longer,' Mr Lee said at a meeting of Indian expatriates in Singapore. 'In Singapore, our growth is already slowing, but our financial system is sound, and our economy remains competitive,' he added. Singapore eased monetary policy on Friday for the first time since 2003 after the Southeast Asian economy sank into its first recession in six years and as the meltdown in financial markets threatened to further hit growth. The city-state's export-dependent economy shrank an annualised and seasonally adjusted 6.3 per cent in the July-September quarter, advance government estimates showed, compared with the 1.1 per cent growth forecast by economists in a Reuters poll. -- REUTERS Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear October 10, 2008 Author Share October 10, 2008 harakiri Link to post Share on other sites More sharing options...
Scenic98 Clutched October 10, 2008 Share October 10, 2008 THat blog is very very well written. accurately describes current situation. and yes...like it or not, the whole world is very closely linked to US. Even more so now as Henry issues more Treasury notes Link to post Share on other sites More sharing options...
Scenic98 Clutched October 10, 2008 Share October 10, 2008 Difference betwen Warren and MM? The former invest his own money...he lose it, it's his. The latter uses other people's money (i.e.yours and mine)...he lose it, it's not his. Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear October 10, 2008 Author Share October 10, 2008 Good blog must share Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear October 10, 2008 Author Share October 10, 2008 Honestly and frankly nobody expected the crisis to unfold this way.... It will only get worst... As tycoon Oei Hong Leong said the credit crisis is likely to worsen and Europe will have a harder time than the United States. Mr Oei thinks the US government has the capacity to bail out its banks but reckons Europe is in Link to post Share on other sites More sharing options...
Marquee Clutched October 10, 2008 Share October 10, 2008 Need to let our MTI to tell us meh? Many analysts were already voicing the R words two months ago before the Black Monday. Our SM Goh still makes the "honest mistake" on Sept 29th, expressing optimistism in our economy. He and George Bush are the champion. Link to post Share on other sites More sharing options...
Help1 1st Gear October 10, 2008 Share October 10, 2008 was watching CNA this morning, there was a notice displayed stating "Latest: Singapore is now in recession"....no longer a technical recession liao....is a full recession liao...better pray hard everyone can keep their jobs now...this yr christmas and CNY no more goodies those car owners who sign up 5-10 yr loans, better pray hard, harder and hardest Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear October 10, 2008 Author Share October 10, 2008 They all politician hah ..... different from investor like warren buffet, marc faber, oei who say it as fact n bluntly.... Link to post Share on other sites More sharing options...
Help1 1st Gear October 10, 2008 Share October 10, 2008 MM- is a global salesman SM- regional salesman PM- Local salesman FM- universe salesman all still a salesman, rule of thumb of a salesman is never tell the truth, always portray the good things and hide the bad things..... Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear October 10, 2008 Author Share October 10, 2008 Must look at positive For young couple getting new flat - 6 month the road, the price will be cheaper For those with extra cash - bank loan interest rate will definitely go up. Higher FD For those who planning to go holiday - can look at Aussie, NZ, South Korea or even Iceland where their currency weaken compare with Sing dollar. For those with car - petrol will definitely be lower 6 month down the road.. And for those gambler/investor - stock market plunge provide good opportunity 2 buy.... (dont ask me about the bottom, I also dont know) Link to post Share on other sites More sharing options...
Scenic98 Clutched October 10, 2008 Share October 10, 2008 hmmm...maybe that's why i such a lousy salesman? i always tell the truth Link to post Share on other sites More sharing options...
Marquee Clutched October 10, 2008 Share October 10, 2008 Speaking about HDB flat. 11 yrs ago, SM, then PM launched Punggol 21. 1 yrs ago, PM re-launched with Punggol 21+ With this big R on the wall and perhaps a prolong one, I suppose I will see Punggol 21 ++ in 10 years time. See which salesman will be making the speech and will just in time for son to apply for Punggol 21 ++. Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear October 10, 2008 Author Share October 10, 2008 When MBT in charge MND, property always boom...... He very good salesman..... Link to post Share on other sites More sharing options...
Chrispie 5th Gear October 10, 2008 Share October 10, 2008 I shorted Russell 2000 index last nite at 535. Got out too early. Today check the price, its at 474!!!! mkt downturn still can find some other ways to make a little lah.. wont die. Link to post Share on other sites More sharing options...
Ticklish8 3rd Gear October 10, 2008 Author Share October 10, 2008 agree ↡ Advertisement Link to post Share on other sites More sharing options...
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