Jamesc Hypersonic October 25, 2019 Share October 25, 2019 If we think about it it's not companies that crash the economy. It's not us consumers that crash the economy so who is it that crash the economy? A Republican president implementing Voodoo economics. Voodoo economics have a few names. Monetarism or trickle down economics or neo classical economics. October 1987 stock market crash US president was a Republican Ronald Reagan. 2008 crash Republican president George Bush. 2020 crash US president Trump a Republican. ↡ Advertisement 3 Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 25, 2019 Share October 25, 2019 A Republican president will mess up the economy and COE will go down. A democrat president will fix the economy and COE will go up. I only like Republicans and that's why I support Trump. Although he is a lousy man and a lousy president. 5 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic October 25, 2019 Share October 25, 2019 (edited) 1 hour ago, Jamesc said: The value of money becomes smaller. Just like RM always goes down. The US dollar will goes down even faster. And the people that owns the most US debt is China. China because everyone in China saves their money even if they only earn a few dollars a day will save 20 to 30% means China banks will have billions. China banks with so much money have bought US bonds. The US$ will fall and the China banks will get a lot less money back on their investments. This will cause the China banks to get into trouble. China don't use money against money in exhange .... Only USA use that to weck othe countries. Remember George Soros in the 80's ... Edited October 25, 2019 by Picnic06-Biante15 1 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 25, 2019 Share October 25, 2019 2 minutes ago, Picnic06-Biante15 said: China don't use money against money in exhange .... Only USA use that to weck othe countries. Remember George Soros in the 8's ... Yah lah and USA wants to wreck the China economy. I remember that George Soros don't like Dr M and wreck the Bolahland economy. Dr M Vision 2020 because Vision 2120. 1 4 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic October 25, 2019 Share October 25, 2019 5 minutes ago, Jamesc said: Yah lah and USA wants to wreck the China economy. I remember that George Soros don't like Dr M and wreck the Bolahland economy. Dr M Vision 2020 because Vision 2120. I remembered that time Indon President Harbiebie wanted to borrow money from SG but didn't get and called SG "Little Red Dot" .... MY also kena and MY peg their money at US$1 : RM3.80 2 Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 25, 2019 Share October 25, 2019 (edited) 1 hour ago, andrewyewkc said: 100 billion a day is alot of money. How does this affect the world? It is not 100 billion a day, the net additional amount that they pumped into repo is about another 60 billion a night , that same 60 billion will continue to be reused over and over every night , they do not inject fresh money every night. Edited October 25, 2019 by Ct3833 2 Link to post Share on other sites More sharing options...
fkborneo October 25, 2019 Share October 25, 2019 PSA: Borneo has asked for top-up According to SE, Borneo Motors has not asked for top up since 2016. This is now October 2019. Ordered in July when COE price was S$26.7k; recent round was S$32.3k. Borneo asked us to top up. Gave us the option of either topping up S$2k (non-guaranteed) or waiting another few months. Apparently Borneo is only willing to bid S$27k. Thought I should share this because when I bought the car, I tried looking up Borneo's call history online. Could not find so relied on SE who told me no need to buy guaranteed as no chance of top up. Pretty annoyed because I checked with our SEs from Honda, Nissan, Kia, Hyundai, Suzuki - apparently all their customers got their cars. TLDR: Borneo sucks. Should have bought a Hyundai! Link to post Share on other sites More sharing options...
Mkl22 Twincharged October 25, 2019 Share October 25, 2019 5 hours ago, Jamesc said: Yah lah and USA wants to wreck the China economy. I remember that George Soros don't like Dr M and wreck the Bolahland economy. Dr M Vision 2020 because Vision 2120. Soros a Jew and dr M has shown on numerous times, his hatred towards Jews. Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 25, 2019 Share October 25, 2019 5 hours ago, Picnic06-Biante15 said: I remembered that time Indon President Harbiebie wanted to borrow money from SG but didn't get and called SG "Little Red Dot" .... MY also kena and MY peg their money at US$1 : RM3.80 Don't lend money to "friends" people not happy. Countries also the same. If they are really good friends they won't ask for money. I think in the 1960's UN offered to lend Singapore 1 billion dollars. Our leaders said don't want the money but ask to send us the economist Albert Winsemius. That's the long term thinking and better deal. Quote In 1960, Winsemius led the United Nations Expanded Programme for Technical Assistance (EPTA) team[3] to examine Singapore's potential in industrialisation. At that time, Singapore had just attained self-government and was facing high unemployment and growing population. Winsemius presented a 10-year development plan to transform Singapore from an entrepot trading port into a centre of manufacturing and industrialisation. Winsemius' first emphasis was on creating jobs and attracting foreign investment. Labour-intensive industries, such as the production of shirts and pyjamas, were expanded. He also encouraged the large-scale public housing programme, believing that it would bolster the country's image, thus attractive to foreign investors.[citation needed] One of his earliest pieces of advice was not to remove the statue of Stamford Raffles as it was a symbol of public acceptance of Singapore's British heritage and could alleviate concerns that investors have towards a new socialist government. With Winsemius' help, Singapore attracted big oil companies such as Shell and Esso to establish refineries there. 3 Link to post Share on other sites More sharing options...
LinusLoh_1967 2nd Gear October 25, 2019 Share October 25, 2019 2 hours ago, fkborneo said: PSA: Borneo has asked for top-up According to SE, Borneo Motors has not asked for top up since 2016. This is now October 2019. Ordered in July when COE price was S$26.7k; recent round was S$32.3k. Borneo asked us to top up. Gave us the option of either topping up S$2k (non-guaranteed) or waiting another few months. Apparently Borneo is only willing to bid S$27k. Thought I should share this because when I bought the car, I tried looking up Borneo's call history online. Could not find so relied on SE who told me no need to buy guaranteed as no chance of top up. Pretty annoyed because I checked with our SEs from Honda, Nissan, Kia, Hyundai, Suzuki - apparently all their customers got their cars. TLDR: Borneo sucks. Should have bought a Hyundai! Wah, even your nick shows your rage! Perhaps they offered you too good a deal. But like you said, quite unheard of that BM not willing to get your coe. Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 25, 2019 Share October 25, 2019 5 hours ago, Ct3833 said: It is not 100 billion a day, the net additional amount that they pumped into repo is about another 60 billion a night , that same 60 billion will continue to be reused over and over every night , they do not inject fresh money every night. 60 billions was 2 days a ago. The latest news is from yesterday it went up to 120 billion. Not I say one, Fed say one. Anyway firstly if everything is ok with the US economy and everything is doing well why need to even pump 60 billion every night. Until a few months ago they didn't even need to pump 1 cent every night. And the pumping rate keep increasing. Even if you need to pump 1 million every night something is wrong. If you need to pump 1 billion every night something is very wrong. If you need to pump 60 billion every night something is completely gone case wrong. If you need to pump 120 billion every night something is I have no more words to describe. Quote https://www.cnbc.com/2019/10/23/fed-repo-overnight-operations-level-to-increase-to-120-billion.html The New York Fed announced it is increasing its temporary overnight repo operations to $120 billion a day from the current $75 billion. In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion The Federal Reserve is ramping up the amount of temporary liquidity injections it is providing for overnight lending markets. Starting Thursday, the repo operation offerings will escalate to $120 billion from the current $75 billion as the central bank continues to calibrate the right amount of funding needed to keep the markets operating properly and to hold the overnight funds rate within its target range. The announcement came from the New York Fed, which did not elaborate on the reason for the increase. However, it comes a day after the Fed injected just shy of $100 billion into the system via an operation where it provides banks with cash in exchange for high-quality assets like government bonds. “It’s just more evidence the Fed will not back off as year-end gets closer,” said Mike Schumacher, global head of rate strategy at Wells Fargo Securities. “The Fed wants to take out more insurance. You had repo pick up last week. That might not have gone over too well.” A mid-September cash crunch in the repo, or repurchase, market led the Fed to conduct a series of repo and term repo operations to make sure that banks have the overnight funding they need at rates within the central bank’s intended parameters. Funding constraints caused the repo rate to jump to as high as 10% from around 2%, while the funds rate briefly rose 5 basis points above its target range. In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion. In addition to those two operations, the Fed recently announced a permanent operation that will target $60 billion a month initially in bond purchases that will resemble the three rounds of quantitative easing employed during and after the financial crisis. However, the Fed now is addressing the proper amount of bank reserves in the system rather than looking to juice up the economy, as was done during QE. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 25, 2019 Share October 25, 2019 5 hours ago, Ct3833 said: It is not 100 billion a day, the net additional amount that they pumped into repo is about another 60 billion a night , that same 60 billion will continue to be reused over and over every night , they do not inject fresh money every night. Bro since you seem to know about this can you explain what is this 60 billion a night pumping is all about and should we be worried about it? Link to post Share on other sites More sharing options...
Pinping Neutral Newbie October 25, 2019 Share October 25, 2019 5 hours ago, fkborneo said: PSA: Borneo has asked for top-up According to SE, Borneo Motors has not asked for top up since 2016. This is now October 2019. Ordered in July when COE price was S$26.7k; recent round was S$32.3k. Borneo asked us to top up. Gave us the option of either topping up S$2k (non-guaranteed) or waiting another few months. Apparently Borneo is only willing to bid S$27k. Thought I should share this because when I bought the car, I tried looking up Borneo's call history online. Could not find so relied on SE who told me no need to buy guaranteed as no chance of top up. Pretty annoyed because I checked with our SEs from Honda, Nissan, Kia, Hyundai, Suzuki - apparently all their customers got their cars. TLDR: Borneo sucks. Should have bought a Hyundai! Hi I bought suzuki swift during the auto show. They are asking for top up too. It's 2 fail bid. Now they asking to top up for next bid to be guaranteed bid. The sales told me they didn't secure any car for all the expo auto show client. I wonder is it true? How is champion motor in general? Feel so un ethical. As this round Coe actually drop and go back to same level price as before auto show. 1 1 Link to post Share on other sites More sharing options...
awhtc 6th Gear October 25, 2019 Share October 25, 2019 5 hours ago, fkborneo said: PSA: Borneo has asked for top-up According to SE, Borneo Motors has not asked for top up since 2016. This is now October 2019. Ordered in July when COE price was S$26.7k; recent round was S$32.3k. Borneo asked us to top up. Gave us the option of either topping up S$2k (non-guaranteed) or waiting another few months. Apparently Borneo is only willing to bid S$27k. Thought I should share this because when I bought the car, I tried looking up Borneo's call history online. Could not find so relied on SE who told me no need to buy guaranteed as no chance of top up. Pretty annoyed because I checked with our SEs from Honda, Nissan, Kia, Hyundai, Suzuki - apparently all their customers got their cars. TLDR: Borneo sucks. Should have bought a Hyundai! This top-up is rare. It is likely BM is expecting COE to go up. How much is the top-up? Link to post Share on other sites More sharing options...
Theunwiseman Neutral Newbie October 25, 2019 Share October 25, 2019 5 hours ago, fkborneo said: . TLDR: Borneo sucks. Should have bought a Hyundai! I'm not sure if you'd be better off with Hyundai. When I started looking for a car, i30 was one on my list with its attractive quoted price compared with Octy. But when I went to the showroom, I was told that the price was for 10 non G bids.Had to top up $2k for 8 and another $2K for 6 non G bids. 5 year warranty but no free servicing. I left without test driving it as IF the COE keep rising, I just got my refund after 5 months and suck thumb. In the end I opted for Octy as signed by that weekend, free upgrade and immediate registration with E cat. 1 Link to post Share on other sites More sharing options...
Contented 1st Gear October 25, 2019 Share October 25, 2019 Why gov don’t dare to let consumer bid their own coe... Dealer should just spend time and resources to provide good quality and reasonable price car instead.... they now spend more time on manipulating the coe and profit it from customer... Link to post Share on other sites More sharing options...
Lotr 6th Gear October 25, 2019 Share October 25, 2019 38 minutes ago, Contented said: Why gov don’t dare to let consumer bid their own coe... Dealer should just spend time and resources to provide good quality and reasonable price car instead.... they now spend more time on manipulating the coe and profit it from customer... Coe bidding is open to all. Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 25, 2019 Share October 25, 2019 1 hour ago, Contented said: Why gov don’t dare to let consumer bid their own coe... Dealer should just spend time and resources to provide good quality and reasonable price car instead.... they now spend more time on manipulating the coe and profit it from customer... I suppose you are saying why government didnt prevent dealer from bidding COE, because that will impact their pocket. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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