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kuma
18-05-2012, 11:42 PM
"Why Stability Stalwart Singapore Should Be Seriously Scared"

Market followers, I suppose everyone might want to read this....tell me what you think? :eek:

Exerts:

"Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in European bank claims."......

"Greek exit from the Euro, plus everything else that's happening there.....a very fast 'ring-fencing' would need to occur for this not to thermonuclear with the three main channels of volatility transmission to the rest of the world......being: banking and finance, trade, and confidence - all three of which are active already with Asian trade......while the damage to Asian exports appears worse than expected. The trade hit, however, may have been greater in Asia."

"Overall, we see about a one-in-three chance of a recession starting sometime in the second half of this year and the first half of next year."

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/05-2/20120518_grexit1_0.png

Please read article in full for clarity....Click Here To Read (http://goo.gl/ka2dy)

zinglicious
18-05-2012, 11:55 PM
1Malaysia kaya lah. With the monies being given to the rakyat from Rm500 for household to Rm100 to school children, it is nto going to be Grease Lightning like what happens to the Greece economic nightmares. Transformasi actions taken include the monies being just announced to all schools to repair and renovate whatever and whichever in additional to the promotion pays across the board on Teachers Day. With all these postive fundings, is there any cracking sign we would be fried like satay? :confused:

kuma
19-05-2012, 12:00 AM
is there any cracking sign we would be fried like satay? :confused:

Hehe...btw, I thought Satay was GRILLED?....I say man....don't tell me you loosing the cookbook too....worried,worried! ;-)

zinglicious
19-05-2012, 12:52 AM
In fact, it was supposely to be posted as stir fried economy satay in Bolehland as indicated in our nice and tasty robust Boleh ekonomi data.

Where it comes to food, take the Mean Olde Ex Chef word for it - it taste better if the satay are stir fried to lock in the juicy meat and grilled to enhance the taste. It makes cooking sense. Dont worry, aint losing it yet unless I have one to many of those that do not require any cooking - like whisky or brandy. Hic* Hic* :heheheh:

SiangMalam
19-05-2012, 12:57 AM
Kuma there is a Hokkien saying... if you know someone has got a rotten head, don't lift up the hat lah...LOL!

It has been known those folks at SGIC and Temasek hasn't been too good in their investment strategies and this is not new. It was exposed even way back in 2008 when the Citigroup and Goldman Sach showed the cracks and out crept the biggest worm of all - Singapura! - and it was discovered than Mentor Minister was all this while sitting on the board of Citigroup....

The latest expose was brought up by non other that the sorrowful Soros recently and guess where he made the disclosure? At a financial conference in Singapura... he warned that if Greece or Spain or Ireland or Portugal sink, Singapore would be pulled along. Many were wondering what he meant and then he showed how much Singapore has in those banks and how mcuh of the equity it is holding....

Looks like Lee Hsien Loong will have a few more sleepless weeks... hmm I thought it was just Nicolas Sarkozy but I am sure he sleeps soundly with Carla Bruni by the side, who won't?

kuma
19-05-2012, 01:55 AM
hmm I thought it was just Nicolas Sarkozy but I am sure he sleeps soundly with Carla Bruni by the side, who won't?

Yep!....he said if he lost, he would quit politics and go on a long holiday ;)......hope not too long though....guess some people would need him to work some magic soon :heheheh:

cml
19-05-2012, 09:56 AM
I think our neighbours have too much money that they have no where to put it.It has to go somewhere and probably thats why our leaders are trying to lure them to iskandar.

zinglicious
19-05-2012, 10:03 AM
But Singapura get us lured inot its own lion den instead when Genting Highland set up casino den over there. There goes our hard cold cash in taxation collection as well.

cml
19-05-2012, 10:40 AM
Genting had to set up shop in spore cos things are getting uncertain over here and at least over there things are quite open and transparent whereas here they have to keep coughing up 'donations' after 'donations' . The only thing good is they cannot openly rampas their shareholdings cos it is not a acceptable business for them but behind the scenes who knows.

Challenger
19-05-2012, 11:29 AM
Lee H Loong should sack his wife as the CEO of Temasek. Billions and billions of losses and this Ho Ching is still the CEO. Had it been been another person, Lee senior and Lee junior would have sacked the CEO already. Even the President of Singkapura has no idea how much the reserves are. The actual investments and losses are hidden from the public. But whatever it is, if Singkapura sinks, be assured that many billions of foreigners' money will sink with Singkapura.

cml
19-05-2012, 11:41 AM
They will not allow it to sink. Just like our petronas books are off limits. You think it would be any prettier? Anyway they should have the same standards for mortals but then again thats them. The mrt chief had to step down because of some delays. You see any of our glc ceos have to step anywhere even if they lose billions? They probably have to step into the toilet to relieve themselves, thats all.

kuma
19-05-2012, 12:14 PM
They will not allow it to sink.

'They will not allow it to sink'???.....Things are a-changing....the way we generally used to perceive solutions to global events may no longer be the norm ;)

"The Truth Gets Out Eventually"

Quote:
"Some look at today's FaceBook IPO flop, the ongoing market rout, and the situation in Europe with disenchantment and disappointment.

We, on the other hand, view it with hope: because more than anything, the events of the past few days show that the truth is getting out - the truth that capital markets simply can not exist under the authoritarian rule of central planners".......

......."the truth that the stock market is a casino in which the best one can hope for a quick flip, and finally the truth that our entire socio-economic regime, whose existence has been predicated by borrowing from the uncreated wealth of the future, and where accumulated debt could be wiped out at the flip of a switch if things go wrong in the process obliterating the welfare of billions (of less than 1%ers), is one big lie."

Read the rest HERE (http://www.zerohedge.com/news/truth-gets-out-eventually)

And on Fakebook ;)

Quote: It was the day Facebook failed to live up to the hype. The world's largest social networking site was spared the embarrassment of seeing its shares fall on the company's multi-billion stock market debut in New York because the banks advising it stepped in to buy.....
READ MORE (http://www.telegraph.co.uk/technology/facebook/9276455/Facebook-IPO-bank-support-spares-blushes-as-shares-end-first-day-flat.html)

SiangMalam
19-05-2012, 05:01 PM
Looks like your Tan Sri VT punya Facebook shares not too hot after all - tidak Berjaya lah Tan Sri!!! LOL!

zinglicious
19-05-2012, 05:19 PM
IPO of facebook is one thing but the risks of Greece woesstriking the world economy is one scary thing especially they tried to cover the smoke when the fires started. Stocks still going up and up as indicated in world indexes despite the country today having no real solution and goverment. Nobody wants to see the fire and they are just covering the eyes and keep on speculating. My angle of speculation is the Greece Lightning might turn into flamiing inferno soon or later with the above statement -"entire socio-economic regime, whose existence has been predicated by borrowing from the uncreated wealth of the future, and where accumulated debt could be wiped out at the flip of a switch if things go wrong in the process obliterating the welfare of billions (of less than 1%ers), is one big lie."
It is beyond my comprehension how a company like Facebook or other advertising companies can have higher valuation than companies which are build up with
bricks and mortals, serving real service or value meals to consumers.

So are the sub prime housing financing where even major banks were exposed to the risks of over extended credit risks. There goes for EPL football players earning millions while professors earning just enough to service the apartment loan in London.

Well, what do I know - I am just an ex Mean Olde Chef trying to cook some stories - either real or imaginary.:confused:

kuma
19-05-2012, 05:58 PM
Since the EU crisis is central to this Thread, I'll post this here for those following. MSM is either down playing events or reporting lame reports later, like the BBC Europe report below on events in the next hotbed Italy...

BBC: Bomb explosion at school in Brindisi, Italy

A bomb has exploded in front of a school in the southern Italian city of Brindisi killing at least two girls and injuring seven others. Although no-one has said they planted the device, the city's mayor has blamed local mafia. :heheheh: [A short barely 100+ word write up.....Read Here (http://www.bbc.co.uk/news/world-europe-18128170)]

BUT, this is what others are saying....

Italy deploys 20,000[In addition to 4,200 military personnel already assigned] to protect sensitive targets

"Italy increased security Thursday at 14,000 sites, and assigned bodyguards to protect 550 individuals after a nuclear energy company official was shot and letter bombs directed to the tax collection agency.".......Read More Here (http://www.ajc.com/news/nation-world/italy-deploys-20-000-1439250.html?cxtype=rss_news_82109)

The big issue in Italy is the rapid hike in Property Taxes....people just cant afford to pay, and there are reports of elderly people who need to move out of their own homes into nursing homes just because they could not pay these new property taxes.....the thing is, they can't sell their property either as its difficult to do so in the current market there....sad and desperate situation for them :eek:

Henry T
19-05-2012, 07:08 PM
Singapore is just a giant piece of rock in the sea. The only thing they have is money, plenty of it. You don't keep it under the pillow. So it is spread all over the world especially in investments in the US of A and Europe.

I don't see how Singapore can escape from being "burned" financially. And we shouldn't listen to those feel good politicians. We'll be hit too, one way or another.

zinglicious
19-05-2012, 07:41 PM
DPM just announced 3.300,000 jobs in 8 years in the TV....With such rosbusta announcement, how can Malaysia be skidding? In other words, Yell Moo Kidding ah?

Rhiga
20-05-2012, 05:09 PM
Lee H Loong should sack his wife as the CEO of Temasek. Billions and billions of losses and this Ho Ching is still the CEO. Had it been been another person, Lee senior and Lee junior would have sacked the CEO already. Even the President of Singkapura has no idea how much the reserves are. The actual investments and losses are hidden from the public. But whatever it is, if Singkapura sinks, be assured that many billions of foreigners' money will sink with Singkapura.

this is the only reason why she was and is still CEO in Temasik, singapurq....:rolleyes:

Rhiga
20-05-2012, 05:20 PM
"Why Stability Stalwart Singapore Should Be Seriously Scared"

Market followers, I suppose everyone might want to read this....tell me what you think? :eek:

Exerts:

"Singapore dramatically exposed with a stunning 60%-plus of GDP tied up in European bank claims."......

"Greek exit from the Euro, plus everything else that's happening there.....a very fast 'ring-fencing' would need to occur for this not to thermonuclear with the three main channels of volatility transmission to the rest of the world......being: banking and finance, trade, and confidence - all three of which are active already with Asian trade......while the damage to Asian exports appears worse than expected. The trade hit, however, may have been greater in Asia."

"Overall, we see about a one-in-three chance of a recession starting sometime in the second half of this year and the first half of next year."



Kuma,

I hace been spending more than a week here in Paris.. qnd judging from the smiling faces from the restaurant staff, hotel staff and shop assitants...... I have to conclude that business is bad.

my old experience tells me you can hardly find warm smiling faces in Gay Paree especiqlly when they are dealing with English-speaking customers...:grin2:

When they smile to a english_speqking chinamqn like me; business must be dqmn bad.

Pardon my spelling errors as I m sick with the french keyboqrd:::::mad:

Cheers,

kuma
20-05-2012, 06:04 PM
Kuma,

I hace been spending more than a week here in Paris.. qnd judging from the smiling faces from the restaurant staff, hotel staff and shop assitants...... I have to conclude that business is bad.

my old experience tells me you can hardly find warm smiling faces in Gay Paree especiqlly when they are dealing with English-speaking customers...:grin2:

When they smile to a english_speqking chinamqn like me; business must be dqmn bad.

Pardon my spelling errors as I m sick with the french keyboqrd:::::mad:

Cheers,

So you are in Gay Paree as planned :)

Maybe they are smiling because they got a new President and Gomen, so they are so happy :D

--------------------------------------------------------------------------------------------------
UPDATE

BBC: Deadly northern Italy earthquake

"An earthquake in northern Italy has killed at least four people and caused serious damage to buildings in several towns, local officials say." LINK (http://www.bbc.co.uk/news/world-europe-18135898)

Definitely not what Italy need right now!!


http://youtu.be/1sSdHjQjpJk

kuma
21-05-2012, 09:40 PM
Looks like your Tan Sri VT punya Facebook shares not too hot after all - tidak Berjaya lah Tan Sri!!! LOL!

Well, he should have made some money at least with the supposedly 3.5M shares owned, not the $500M as some projected but surely a $hundredM;)

However this is not got news meh :eek:

"Facebook has officially [B]entered bear market territory - down over 20% from its high print at $45 now with lows now at $33.05 today and 63mm shares trade so far today..."

Follow story and updates here (http://www.zerohedge.com/news/fadebook-enters-break-market-20-highs)