Atonchia Supersonic July 9, 2015 Share July 9, 2015 Gold. Cash is nvr safe because of inflation. Yes, gold But must be real gold or the certs? ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Kusje Supersonic July 9, 2015 Share July 9, 2015 Yes, gold But must be real gold or the certs? Gold certs got counterparty risk. Better gold bars and put under the floor in your house Link to post Share on other sites More sharing options...
Enye Hypersonic July 9, 2015 Share July 9, 2015 Lolec your reply is too late. i bought a table wiping cloth already to stand by. 1 Link to post Share on other sites More sharing options...
Maxus-MIFA9 Supersonic July 9, 2015 Share July 9, 2015 Today ST reported that S$1/- = A$1.0037 ..... Dec school holidays, Australia here I come ... Link to post Share on other sites More sharing options...
Lala81 Hypersonic July 9, 2015 Share July 9, 2015 Today ST reported that S$1/- = A$1.0037 ..... Dec school holidays, Australia here I come ... NZD is 0.9 to 1 SGD. Even better. 1 Link to post Share on other sites More sharing options...
Maxus-MIFA9 Supersonic July 9, 2015 Share July 9, 2015 NZD is 0.9 to 1 SGD. Even better. Hur.... S$1/- equal to NZ$0.90c better ... We bring S$1000/- only left with NZ$900/- hor ... 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic July 9, 2015 Share July 9, 2015 Today ST reported that S$1/- = A$1.0037 ..... Dec school holidays, Australia here I come ... The rates are abt the same... but their property prices same as Singapore? Link to post Share on other sites More sharing options...
Lala81 Hypersonic July 9, 2015 Share July 9, 2015 Hur.... S$1/- equal to NZ$0.90c better ... We bring S$1000/- only left with NZ$900/- hor ... lol sorry. typo. 1 NZD: 0.91 SGD. Link to post Share on other sites More sharing options...
Enye Hypersonic July 9, 2015 Share July 9, 2015 today recovered how much? female W Buffet! Vicki Zhao takes 4 billion yuan hit amid market woes My PaperThursday, Jul 09, 2015 20150709_vickizhao_tnp.jpg Photo: The New Paper 316 20 0 0 0 Print HONG KONG -The profit of Chinese actress Vicki Zhao from her investment in Hong Kong-listed Alibaba Pictures, a mainland company, has fallen massively from 5.4 billion yuan (S$1.2 billion) to 1.4 billion yuan in just three months, reported China's official Xinhua news agency. It seems not even "China's Female Buffett" could escape the latest stock mayhem, said Xinhua, adding that the evaporation of Zhao's profit was due to recent wild gyrations in Hong Kong's share prices. Those, in turn, were triggered by turbulence in the Shanghai share market, as many speculators have dealings in both cities through a stock link launched in April, it said. Since June 12, China's Shanghai Composite has been falling and by yesterday, it had gone down 32 per cent. Trailing the fall, Hong Kong equities yesterday plunged 5.84 per cent to a seven-month low, reported Agence France-Presse. Turnover on the Hang Seng Index was a mammoth HK$235.97 billion (S$41 billion) yesterday as mainland investors, unnerved by the rout in Shanghai, moved to cash out after piling into the Hong Kong market in recent months. It is this sustained bear run that slashed 4 billion yuan off Zhao's book profit with Alibaba Pictures, an entertainment company, said Xinhua. As of yesterday, Alibaba Pictures had fallen to HK$1.60 per share from a high of HK$4.40 in April, according to the agency. Zhao and her tycoon husband, Huang Youlong, bought a 9.2 per cent stake in Alibaba Pictures for 2.48 billion yuan at an average price of 1.3 yuan per share in December. This proved to be a smart move, as the value of the stock more than doubled by April. But the bust came all too soon, said Xinhua. However, the net worth of the 39-year-old still comes up to US$46 million (S$62 million) from other earnings, according to Chinatopix, a digital news publication on China. Many other actresses who also capitalised on the bull run early this year had their share of the bubble as well. Fang Bingbing, who made a profit of 200 million yuan from her investment in Shenzhen-listed Talent Television Film, has since had 120 million yuan struck off her book, reported Xinhua. [email protected] Link to post Share on other sites More sharing options...
Ktglfc Hypersonic July 9, 2015 Share July 9, 2015 Will this time be the start of a major meltdown? or just a minor correction? ... Hmm... only time will tell Link to post Share on other sites More sharing options...
Angcheek Hypersonic July 9, 2015 Share July 9, 2015 Euro$ strengthened 2 Link to post Share on other sites More sharing options...
LoverofCar 6th Gear July 9, 2015 Share July 9, 2015 The problem may actually come from China. http://www.telegraph.co.uk/finance/china-business/11725236/The-really-worrying-financial-crisis-is-happening-in-China-not-Greece.html While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression. In any normal summer, a 30pc fall in the Chinese stock market – a loss of value roughly equivalent to the UK’s entire economic output last year – after an ascent which had seen share prices more than double within the space of a year would have been front page news across the globe. The dramatic series of government interventions to stem the panic – hitherto unsuccessful, it should be added – would similarly have been up there at the top of the news agenda. Yet the pantomime of the Greek debt talks, together with the tragi-comedy of will they, won’t they leave the euro, has relegated the story to little more than a footnote - even though 940 companies, more than a third, have now suspended trading on China’s two main indices. "America in 1929 and China today – are at roughly similar stages of economic development" The parallels with 1929 are, on the face of it, uncanny. After more than a decade of frantic growth, extraordinary wealth creation and excess, both economies – America in 1929 and China today – are at roughly similar stages of economic development. Both these booms, moreover, are in part explained by extremely rapid credit growth. Indeed, China’s credit boom dwarfs that of even the “roaring Twenties”. Borrowed money, or margin investing, played a major role in both these outbreaks of speculative excess. True, the Chinese stock market bubble is only a one-year wonder, whereas the build-up to the Wall Street Crash of 1929 was more sustained. Even so, the comparison still holds. As noted by JK Galbraith in his classic account, The Great Crash 1929, even as late as 1927 it was possible to argue that American stocks represented fair value. t was only in the final year that the “escape into make-believe” happened in earnest, when the stock market rose by nearly 50pc. This applies to the Shanghai Composite, too. Stripping out the lowly-rated banking sector, valuations for just about everything else have rocketed, making those that ruled on Wall Street in the run-up to October 24, 1929, look relatively modest. Nor do the similarities end there. As in 1920s America, China’s stock market boom has ridden in tandem with an equally speculative real estate bubble. The macro-economic backdrop is also surprisingly similar. Then, as now in China, rural workers had emigrated to the cities in vast numbers in the hope of finding a more prosperous life in fast-growing industrial sectors. In 1920s America, virtually all these sectors – from steel to automobiles and the new technologies of radio and consumer durables – grew like Topsy, inspiring households to invest in them and chase the apparently bountiful profits they were generating. A similar explosion in industrial activity has taken place in China, only more so. China has packed more development into a few short decades than any country in recorded history before, creating a worldwide glut in industrial capacity that even global demand, let alone domestic Chinese demand, is struggling to accommodate. Already, there are warning signs of a slowdown, similar to those that front-ran the 1929 crash – depressed commodity prices and a virtual hiatus in global trade growth. The Chinese economy is like one of those cartoon characters who manages to keep running long after leaving the edge of the cliff, only belatedly to look down and plunge into the abyss. Naturally, there are many dissimilarities too, not least that China is still essentially a planned and centrally-controlled economy which has so far managed to defy the usual rules of economics. The consensus is that this time will be no different, that even if the stock market does continue to crash, the impact will be no worse than 2007-08, when the Shanghai Composite fell by two-thirds. Yet after a massive fiscal and monetary stimulus, the wider economy barely lost a beat. Have no fear, the Chinese authorities have it all under control. Believe it if you will. I don’t buy it. Indeed, I can see very little evidence for China’s technocratic elite having things under control. The firebreaks that China put in place over the weekend to mitigate the panic are, in practice, not much different from those applied during the Great Crash of 1929, only this time it’s public rather than private money that promises to quell the fire. They failed spectacularly in 1929. This time around, they’ve thrown the kitchen sink at the problem, but so far it has produced only a mild, and wholly unconvincing, rebound. The fire still smoulders, threatening to break out anew. "China cannot forever, Greenspan-like, keep answering each successive bubble by creating another" Besides, China cannot forever, Greenspan-like, keep answering each successive bubble by creating another. First it was gold, then housing, and when cooling measures threatened an all-out bust in the property and construction markets, the taps were turned on afresh, producing a further flood of money into the stock market. The authorities were happy to tolerate the bull market at first, hoping it might encourage a switch from debt to equity financing, but there seems little chance of that now. The stock market boom has only succeeded in adding to the debt. Whether any of this turns into a calamitous economic meltdown obviously depends on the rest of the response. Policymakers have learned a thing or two since 1929; we now know that the real damage in financial crises is done not by the crash itself, but by a collapsing banking sector. Stock markets are only a signal of credit contraction to come. Even so, I doubt China has as much of a handle on its banks, and more particularly its shadow banking sector, as it pretends. One further thought on these parallels. Now that the export-led model of economic of growth seems to have reached its natural end, at least for China, president Xi Jinping pins his hopes on internal consumer demand to drive growth, and he’s vowed to continue with the free-market reforms of predecessors to help achieve this. Unfortunately, it’s proving a difficult transition. Part of the problem with free markets is that by definition they cannot be controlled. Busts are as much part of their DNA as the wealth-enhancing properties of their booms. As China is about to discover, bad downturns come with the territory. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 9, 2015 Share July 9, 2015 China represents the greatest investment opportunity of our life time. If you could go back in time and buy US shares at 1929 depressed prices, wouldn't you want to do it? Look at how much the US stock market has gone up since. 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 9, 2015 Share July 9, 2015 can also extend to KiwiLand !!! Today ST reported that S$1/- = A$1.0037 ..... Dec school holidays, Australia here I come ... Link to post Share on other sites More sharing options...
Mrmilktooth Supercharged July 9, 2015 Share July 9, 2015 Today ST reported that S$1/- = A$1.0037 ..... Dec school holidays, Australia here I come ... Dec there f hot leh. Worse than sg. ... Here 1 Link to post Share on other sites More sharing options...
Sunny Hypersonic July 9, 2015 Share July 9, 2015 Dec there f hot leh. Worse than sg. ... Here Hot can go Bondi beach.....many hot babes nudie 😋 10 Link to post Share on other sites More sharing options...
Karoon Turbocharged July 9, 2015 Share July 9, 2015 aiya since I enter workforce average every 3 years got recession lah, meltdown lah, crisis lah, repeat.... I immune already. Largely due to bankers and their nonsense. I would love.... LOVE to see the bankers who caused all these to be sent to iraq and syria 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 9, 2015 Share July 9, 2015 (edited) shanghai index today closing is still above 3350 when it opened in Jan 15 Edited July 9, 2015 by Wt_know ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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