Good-Carbuyer 1st Gear October 31, 2011 Share October 31, 2011 Are we expecting a meltdown?? I believe more likely a depression unannounced (watch the supermarket/marketing advertisements). ↡ Advertisement Link to post Share on other sites More sharing options...
Sabbie Clutched October 31, 2011 Share October 31, 2011 Are we expecting a meltdown?? No way, I was at the seawind showflat yesterday, so packed, so many people buying, no lot for my small 1.4litre b &b car, all BMW Merc Jaguar parked there Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 31, 2011 Share October 31, 2011 Japan has something which Singapore don't, Japan has the world's highest no. of patents filed and granted. More likely when all our neighbouring countries banned or restrict exports of maids due to abusive employees, we will be buying robot maids, using Japanese technology. For every non-Japanese branded or made camera, computer, car, medical equipment, optics or phone you buy, you are highly likely to be paying to somebody in Japan for the patented technology. Did somebody mentioned China ? They are #3 on the world ranking for patent filing. And Singapore ? Uhh.. not ranked... I believe more younger people entering politics due to excessive red-tape against them venturing into business. Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 31, 2011 Share October 31, 2011 yep, but that's individual wealth... like many European countries and US, their govts are near to bankruptcy even though the millionaires are enjoying... but these ang moh countries' domestic consumers still spend like no tomorrow, live on credt (in a certain way, that still can keep their economies going) Japanese domestic consumer market is never its strong point (a saving nation like most Asian countries) and its export is suffering... at this rate, its revenue and taxes collected will not be able to pay off its public debt and interest its middle class is suffering as well, after the property bubble burst in 1990, many went into debts and still servicing their debts it's no wonder Nikkei hit the peak of almost 40,000 at the end of 1989 and went into a decline for 20 long years (super long bear market)... it is only 9000 now Do you mean the same as our Elites are enjoying now? Link to post Share on other sites More sharing options...
Joseph22 Turbocharged October 31, 2011 Share October 31, 2011 Do you mean the same as our Elites are enjoying now? their style of gahmen patent on okay. you didnt see other country dare to copy Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 31, 2011 Share October 31, 2011 you miss out more than 1/2 the stuff reported in the same report. Measuring External Debt External debt is a measure of the public and private debt, that is owed to non-residents. This list, also compiled by the CIA, gives a different top 10. 1. United States $13,980 billion 2. European Union $13,720 billion 3. United Kingdom $8,981 billion 4. Germany $4,713 billion 5. France $4,698 billion 6. Japan $2,441 billion 7. Ireland $2,253 billion 8. Norway $2,232 billion 9. Italy $2,223 billion 10. Spain $2,166 billion Now, there is no reason to panic, despite the U.S. taking over the top spot. The foreign holdings of treasuries total about $4,500 billion, so this is not all public debt, by any stretch. Unlike domestically held treasuries, however, the external ones are making interest for non-citizens, making it less likely that the money will be put back into the economy in any way. In the end, external debt just means interest and principle payments that are going abroad and adding to another country's GDP. How Did We Get Here? The U.S. has a lot of external debt, true. There are two ways of looking at it, one is the debtor nation view, where the more external debt a nation has, the more likely it is giving away its future, in the form of interest payments to foreigners. The second way is the investment destination view, where so many foreigners are looking to lend and invest in the debts of U.S. citizens, companies and the government, that the low interest loans can be used to build more economic capacity, to produce more capital to pay off these cheap loans. The truth is that the U.S. is a bit in between the two scenarios. It's strong GDP numbers make it one of the most attractive investments compared to other struggling nations, but this huge foreign debt load has passed the healthy level and is edging up to dangerous levels. Just because other nations are willing to lend cheap, and the U.S. is willing to spend, doesn't mean there aren't long term consequences. The Bottom Line Debt is a matter of perspective. The health of a nation is not so different from the health of a business. If a nation is borrowing to build infrastructure that will pay off in the future, then having a lot isn't necessarily bad. If, however, the money is being poured into areas with little or no return, then the burden on the economy to pay those debts will eventually lead to more economic hardship in the future. A fair assessment would involve tracking what each dollar of private and public debt, goes towards purchasing. Some studies exist on this subject, but it is best left for another day, perhaps Halloween. Well done. Many thanks. This make it more comprehensive. But also more hopelessly worrying Link to post Share on other sites More sharing options...
Sk65 1st Gear October 31, 2011 Share October 31, 2011 for all those who does not know the debt market well, (i try only, not 100% sure) SG issue bond to faciliate the debt market, ONLY. (cos some products needs a basket of products) SG do not need the $$ from bond issuance. wat i read b4 la. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged October 31, 2011 Share October 31, 2011 Well done. Many thanks. This make it more comprehensive. But also more hopelessly worrying at least we can find comfort that when combine, we are likely not even in the top 30?? Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 31, 2011 Share October 31, 2011 That is good enough foe me. I believe in self-cleansing house design that only needs spring cleaning once a year Link to post Share on other sites More sharing options...
Joseph22 Turbocharged October 31, 2011 Share October 31, 2011 for all those who does not know the debt market well, (i try only, not 100% sure) SG issue bond to faciliate the debt market, ONLY. (cos some products needs a basket of products) SG do not need the $$ from bond issuance. wat i read b4 la. actually can you explan more?? totally dont know what you are trying to say sorry we are layman here. Link to post Share on other sites More sharing options...
Blackyv Turbocharged October 31, 2011 Share October 31, 2011 No way, I was at the seawind showflat yesterday, so packed, so many people buying, no lot for my small 1.4litre b &b car, all BMW Merc Jaguar parked there howlian.. u were just telling us u went for condo shopping as well... Link to post Share on other sites More sharing options...
Calvin79 2nd Gear October 31, 2011 Share October 31, 2011 Does this report mean the govt owns its ppl money? Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 31, 2011 Share October 31, 2011 ya, during election time. Now still got ppl want to re-stir and re-stir... I believe the news a little too disturbing, makes us nervous worrying the future, since no official mention by the government/Authorities... Link to post Share on other sites More sharing options...
Wasted 1st Gear October 31, 2011 Share October 31, 2011 anyone been to Saint Kitts and Nevis ? Link to post Share on other sites More sharing options...
Joseph22 Turbocharged October 31, 2011 Share October 31, 2011 (edited) I believe the news a little too disturbing, makes us nervous worrying the future, since no official mention by the government/Authorities... because if you read the whole article. that survey is done be USA and the report is sided slightly to USA side with an agenda what is there to report?? Edited October 31, 2011 by Joseph22 Link to post Share on other sites More sharing options...
Sabbie Clutched October 31, 2011 Share October 31, 2011 howlian.. u were just telling us u went for condo shopping as well... Naw I wanted some free parking while I go Katong shopping centre for some tui na but couldnt get a free lot Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 31, 2011 Share October 31, 2011 i owe govt (hdb) money, govt (cpf) owe me money net-net ... who owe who more money? :D Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear October 31, 2011 Share October 31, 2011 I got faith in them , they will be there soon.... I believe we are not going to be proud of it. But more stressed. ↡ Advertisement Link to post Share on other sites More sharing options...
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