Mkl22 Twincharged October 5, 2022 Share October 5, 2022 2 minutes ago, kobayashiGT said: I saw some youtube ystd Old news. It did drop till 1.05, now recover Liao. Let’s see if gbp will drop again. ↡ Advertisement Link to post Share on other sites More sharing options...
Volvobrick Supersonic October 5, 2022 Share October 5, 2022 (edited) 39 minutes ago, Jamesc said: Why Europeans have to choose between staying warm and having a meal to eat? Someone made a hole in the Russian gas pipeline. What an idiot! They should have made a hole and attach a pipe to tap the gas! Its leaking and its free. That's a lot of free heating leaking out free. They should burn more fossil fuel to heat up the earth more so no need to burn fuel in (warm) winter next time. Why so stupid want to stop global warming by burning Russian gas??? Edited October 5, 2022 by Volvobrick 1 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged October 5, 2022 Share October 5, 2022 (edited) @kobayashiGT quick sell car sell home buy sterling and when it rise u can buy 30% better car n home Edited October 5, 2022 by Sdf4786k 1 Link to post Share on other sites More sharing options...
inlinesix Supersonic October 5, 2022 Share October 5, 2022 30 minutes ago, Sdf4786k said: @kobayashiGT quick sell car sell home buy sterling and when it rise u can buy 30% better car n home Might as well tell him to buy property in Manchester now. 🤭 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged October 5, 2022 Share October 5, 2022 35 minutes ago, inlinesix said: Might as well tell him to buy property in Manchester now. 🤭 cannot sabo like that lah.. Manchester property Tax not that freiendly.. zthey retract the Free Tax status liao .. else I wuld have recommended him to migrate like an entorage there with the whole villiage Link to post Share on other sites More sharing options...
Arogab Turbocharged October 5, 2022 Share October 5, 2022 I already told you all I hard to get PO and you all say it is a sunset industry. But I never tell your all the fruit company got less demand lor, its now out in the news everywhere. Take it easy, it will be a domino effect, those who can survive any fallback can get up fast also. For some crash, it can be opportunity for others 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 5, 2022 Share October 5, 2022 7 hours ago, yishunite said: COE up or down ah If you want to know don't ask the so called financial experts. Ask a trusted car salesman. On 10/3/2022 at 1:09 PM, Jamesc said: I am bidding low for cat B. If I am right I will pocket the difference and make a lot. If I am wrong and my customers don't get their cars I will kenna left right and centre. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 5, 2022 Share October 5, 2022 (edited) 5 hours ago, mikk123 said: don't worry, recession can come, COE will continue climb. We are in Singapore 🤣 Dont be silly. increasing the GST will do the job. Everyone will be saved. The poor especially. 🤣😂😁 Edited October 5, 2022 by Throttle2 Link to post Share on other sites More sharing options...
noobcarbuyer 5th Gear October 6, 2022 Author Share October 6, 2022 https://www.cnbc.com/2022/10/04/unctad-warns-that-asia-global-economy-headed-for-a-recession.html ‘We must change course’: UN warns that the world is on the brink of recession Monetary and fiscal policies in advanced economies — including continued interest rate hikes — could push the world toward a global recession and stagnation, the UN Conference on Trade and Development (UNCTAD) said on Monday. A global slowdown could potentially inflict worse damage than the financial crisis in 2008 and the Covid-19 shock in 2020, warned the UNCTAD in its Trade and Development Report 2022. “We still have time to step back from the edge of recession. Nothing is inevitable. We must change course,” said UNCTAD Secretary-General Rebeca Grynspan. Link to post Share on other sites More sharing options...
noobcarbuyer 5th Gear October 6, 2022 Author Share October 6, 2022 https://www.cnbc.com/2022/10/03/credit-suisse-is-not-about-to-cause-a-lehman-moment-sri-kumar-says.html? Credit Suisse ‘may or may not’ be a Lehman moment but something is going to break, Sri-Kumar says “I think the Federal Reserve is going to have to face the consequences of a credit event” if it were to occur, Komal Sri-Kumar told CNBC’s “Squawk Box Asia” on Monday. “Something is going to break.” A long-time critic of the Fed’s approach to the rise of prices, Sri-Kumar said the latest events surrounding Credit Suisse shows the “real danger of having miscalculated inflation for such a long time.” Link to post Share on other sites More sharing options...
noobcarbuyer 5th Gear October 6, 2022 Author Share October 6, 2022 https://www.businesstimes.com.sg/companies-markets/uk-financial-crisis-could-turn-into-a-global-scare UK financial crisis could turn into a global scare IN the global financial system, no crisis stays local for too long. The pound and British bonds are substantial markets in their own rights but, like mortgage-backed securities in the 2008 financial crisis, their sway was not clear until they went into distress. It goes without saying that Kwasi Kwarteng, the new UK Chancellor of the Exchequer, hasn’t had the smoothest of starts at his new job. With the backing of Prime Minister Liz Truss, he unveiled a “mini-budget” on Sep 23, vowing to slash taxes and regulation, funded by massive government borrowing to revive the economy out of its years-long slumber. Link to post Share on other sites More sharing options...
mersaylee Supersonic October 6, 2022 Share October 6, 2022 How much in CS are ours? 😅 Link to post Share on other sites More sharing options...
Starry Supercharged October 6, 2022 Share October 6, 2022 3 hours ago, noobcarbuyer said: https://www.cnbc.com/2022/10/04/unctad-warns-that-asia-global-economy-headed-for-a-recession.html ‘We must change course’: UN warns that the world is on the brink of recession Monetary and fiscal policies in advanced economies — including continued interest rate hikes — could push the world toward a global recession and stagnation, the UN Conference on Trade and Development (UNCTAD) said on Monday. A global slowdown could potentially inflict worse damage than the financial crisis in 2008 and the Covid-19 shock in 2020, warned the UNCTAD in its Trade and Development Report 2022. “We still have time to step back from the edge of recession. Nothing is inevitable. We must change course,” said UNCTAD Secretary-General Rebeca Grynspan. UN and FED have different priorities. FED has a dual mandate of max employment and price stability. It is not FED's job to ensure no recession or strong stock market. The weird thing about the current situation is that usually in a bear stock market and rising interest rate environment, there should be mass lay-offs by corporates in-order to control cost. That should then cause demand to drop (since people will spend less) and curb the high inflation numbers. However, the current job numbers are strong and so most people continue to spend despite the high inflation. FED will have to keep raising rates then ..... 3 Link to post Share on other sites More sharing options...
noobcarbuyer 5th Gear October 6, 2022 Author Share October 6, 2022 29 minutes ago, Starry said: UN and FED have different priorities. FED has a dual mandate of max employment and price stability. It is not FED's job to ensure no recession or strong stock market. The weird thing about the current situation is that usually in a bear stock market and rising interest rate environment, there should be mass lay-offs by corporates in-order to control cost. That should then cause demand to drop (since people will spend less) and curb the high inflation numbers. However, the current job numbers are strong and so most people continue to spend despite the high inflation. FED will have to keep raising rates then ..... All the fat cats are still doing well! And consumers are still buying despite the increased prices. https://finance.yahoo.com/news/corporate-profits-are-at-a-70-year-high-will-the-inflation-reduction-act-change-that-173207569.html Corporate profits are at a 70-year high. August 31, 2022 COVID-19. Job Losses; Market ups and downs. No matter. Corporate profits have been booming and there's no end in sight. Case in point: New data released last week revealed another spike, with aggregate corporate profit margins improving to 15.5% in the second quarter from 14% in the first quarter. They are now at their highest level since 1950. Gross corporate profits after tax, likewise, jumped by $175.2 billion in the second quarter and topped $3 trillion for the first time in history last quarter. Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator October 6, 2022 Share October 6, 2022 23 hours ago, Sdf4786k said: @kobayashiGT quick sell car sell home buy sterling and when it rise u can buy 30% better car n home That's a huge gamble leh. Later I left with no penny ah. 4 Link to post Share on other sites More sharing options...
Icetee168 3rd Gear October 6, 2022 Share October 6, 2022 On 10/5/2022 at 1:29 PM, Jamesc said: Why Europeans have to choose between staying warm and having a meal to eat? Someone made a hole in the Russian gas pipeline. What an idiot! They should have made a hole and attach a pipe to tap the gas! Its leaking and its free. That's a lot of free heating leaking out free. angmo thinking is very different from asian if the pipes were in asia it will suffer the same fate as electricity...all kana stolen 3 Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 6, 2022 Share October 6, 2022 My Asian mentality told me if I was Europe just tap the free gas Russia is giving away. 1 hour ago, Icetee168 said: angmo thinking is very different from asian if the pipes were in asia it will suffer the same fate as electricity...all kana stolen Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 6, 2022 Share October 6, 2022 (edited) My MIL can also contribute to Europe for natural gas. Edited October 6, 2022 by Jamesc ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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