View Full Version : Property price is coming down fast
Panache Management CEO, Alex Schlaen, said: "It will be very minor because the luxury (property market) didn't recover to the heights of 2007 versus the mass market which went way beyond the peak of 2007. This market will see a correction of between 10 and 20 per cent. The correction will probably last for two years and it will probably start recovering back to the new peaks that we haven't seen yet in Singapore."
Three years ago, Mr Schlaen has predicted that Chinese investors will come to buy Singapore properties.
So far his prediction has been spot on.
Now, he reckons that Singapore's property prices still lag behind Hong Kong and have a lot of room to catch up.
And he says prices in Singapore will only reach at par with Hong Kong in 10 years.
This means investors can potentially make a profit from the Singapore market.
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1168383/1/.html
devilplate
29-11-11, 22:57
SG rank no. 25 vs HK rank no.70.....
SG ppty shd be costlier den HK! Y only on par wif HK 10yrs later? Whahaha
Geylang OKT
30-11-11, 06:13
Panache Management CEO, Alex Schlaen, said: "It will be very minor because the luxury (property market) didn't recover to the heights of 2007 versus the mass market which went way beyond the peak of 2007. This market will see a correction of between 10 and 20 per cent. The correction will probably last for two years and it will probably start recovering back to the new peaks that we haven't seen yet in Singapore."
http://www.channelnewsasia.com/stori...168383/1/.html
same report as eastboy, differing perspectives :D
SG rank no. 25 vs HK rank no.70.....
SG ppty shd be costlier den HK! Y only on par wif HK 10yrs later? Whahaha
If it happens to quickly, you won't have as many chances to roll your capital, the slower the better.
devilplate
30-11-11, 07:48
If it happens to quickly, you won't have as many chances to roll your capital, the slower the better.
y not....up faster crash faster too!
blackjack21trader
30-11-11, 07:51
SG rank no. 25 vs HK rank no.70.....
SG ppty shd be costlier den HK! Y only on par wif HK 10yrs later? Whahaha
Singapore property had a lost decade in 1996-2006. That time no property is moving lor. But now many different types of buyers from all over the World in the market hor. I will not be surprise Singapore gets her first African property buyer soon.:scared-5:
You must love the stock market recently then. Well, I think the planners will prefer not to have such roller coasters and will use whatever means at their disposal to make a more even out movement.
devilplate
30-11-11, 07:53
You must love the stock market recently then. Well, I think the planners will prefer not to have such roller coasters and will use whatever means at their disposal to make a more even out movement.
i hate it
wat i want is 100% up and 50% down ;)
I see, yes, this market likes to torture investors slowly.
devilplate
30-11-11, 07:58
I see, yes, this market likes to torture investors slowly.
range bound between 2600-2800....ZZZzzzz
ai crash pls crash jialat jialat lah! 1500pts! hehehe
blackjack21trader
30-11-11, 08:00
I can remember the cooling measures in 2004 stalled the market completely. I had to rent out my apartments in Balestiar to students lor. Waulaueh..collecting rents was a chore la...always missed payments one. Now all of them rented out to expat since 2007. Very happy PAP has done a great job lor. Next round I become billionaire, I will support PAP even more lor....
WOAHAHAHAHAHAHAHAH
devilplate
30-11-11, 08:00
Singapore property had a lost decade in 1996-2006. That time no property is moving lor. But now many different types of buyers from all over the World in the market hor. I will not be surprise Singapore gets her first African property buyer soon.:scared-5:
hmmm so u tink SG can overtake HK within a decade? hehehe
let say SG ppty drop 5-10% this rd but HK drop 20-30%.....also catching up? whahahaa
devilplate
30-11-11, 08:02
I can remember the cooling measures in 2004 stalled the market completely. I had to rent out my apartments in Balestiar to students lor. Waulaueh..collecting rents was a chore la...always missed payments one. Now all of them rented out to expat since 2007. Very happy PAP has done a great job lor. Next round I become billionaire, I will support PAP even more lor....
WOAHAHAHAHAHAHAHAH
er....if ppty nvr correct but chiong up.....nxt GE very dangerous hor....
many sold their roof and camping now leh.....whahahahhahaa
blackjack21trader
30-11-11, 08:09
hmmm so u tink SG can overtake HK within a decade? hehehe
let say SG ppty drop 5-10% this rd but HK drop 20-30%.....also catching up? whahahaa
Your humble brother also vested in Hong Kong leh.. Price never drop so much in their D9 leh....in fact my one went up leh
Estate No. of Transactions in Nov Price / sq. ft. % Change in Price / sq. ft.#
Hong Kong Island
Nan Fung Sun Chuen 1 $7,489 ($7,489 - $7,489) 2.80%UP
Taikoo Shing 19 $8,940 ($1,481 - $11,082) 7.10%DOWN
Queen's Terr 2 $8,996 ($8,630 - $9,362) 4.22%UP
Kornhill 4 $7,794 ($7,182 - $8,118) 1.50%UP
Heng Fa Chuen 11 $7,703 ($7,052 - $9,952) 5.42%UP
The Merton 2 $9,970 ($9,910 - $10,030) 0.45%DOWN
South Horizons 7 $7,155 ($6,806 - $8,135) 2.73%DOWN
Baguio Villa 1 $11,316 ($11,316 - $11,316) 12.64%UP
Chi Fu Fa Yuen 5 $7,096 ($6,274 - $7,915) 1.30%UP
Island Resort 5 $7,083 ($6,305 - $7,531) 6.22%UP
Lei King Wan 1 $9,748 ($9,748 - $9,748) 19.48%UP
WOAHAHAHAHAHAHAHHA
blackjack21trader
30-11-11, 08:12
er....if ppty nvr correct but chiong up.....nxt GE very dangerous hor....
many sold their roof and camping now leh.....whahahahhahaa
easy problem to solve lah...just make 70% of Singaporean all millionaires lor...ignore the campers lah .WOAHHAHAHAHAHA
Europe Has Three Choices, Including Collapse: El-Erian
November 29th, 2011
Europe is sinking everyday, just wait for the sudden death sentence to be announced....then it will pull down the world to sink together....
It's Official: Obama Is Now The Worst American President As His Approval Rating Plunges Far Below Carter's
11/29/2011 14:46 -0500
this is for sure....blurred sotong easily get conned....core of the black.....easy & simple....all the wrong decision & policy....
how about our PM?.....
devilplate
30-11-11, 08:16
faster crash la!!!
camping too long become no fun!!!! raining....mozzies....whahahaha
港明年GDP插水
2011年11月30日
1% or 2 or negative....
spore will not be far off....
S&P downgrades 37 global banks
November 29th, 2011
nice one, S&P....market can ignore now...wait for the delay effect....coming...
devilplate
30-11-11, 08:20
S&P.....LOL
nvr downgrade ...say liar....fraud....cheating
downgrade.....say hosey liao....coming.....LOL
As Home Prices Sink, Home Ownership Heads to New Lows
November 29th, 2011
this is norm to everywhere...once property price down....no buyer, it will go down further.....typical of 95% retailers, buy high sell low....
Italy is stitched up by central bankers – hit with new loan sharking rates
November 29th, 2011
this one in real despearte mood....make all wrong decision now....crash big way later.....panic till head shorted.....
兩大行預警樓價冧2成
2011年11月30日
like standard chartered said Spore property down 30% in 2 yrs time....
HK many banks also forecast to drop 20%....
whatever...down>50% in 2-3 yrs time.....
John Taylor: "The Euro Is In A Death Struggle"
11/29/2011 13:02 -0500
sure....struggle like mad man these days...anyhow shout & create rumour to push up price....whatever will be will be...price will come back down 7 crash eventually....wait patiently....
EURO ON THE BRINK: Finance Ministers
November 29th, 2011
it's already gone case....hold on is just wasting more money, funds & die uglier, that is all....like last stage of cancer, sure die, still spend S$mil to sustain everyday, die till bankrupt....
CRAMER: ‘We are in DEFCON 3, two stages away from a financial collapse so huge it’s hard to get your mind around’
November 29th, 2011
nuclear war in economy & financial world is all ready....
wait for the domino to fall.....
asia & spore will be the hardest hit....all bubble will burst....
建行策投又掟貨套21億
2011年11月30日
this china C C B bank....dumped by GIC then BoA...kena thrown by no tomorrow....now another big lot to dump...
once china property bubble burst...their banks like Sichuan Toufu building in earthquake....cannot take it wan...
same to Spore banks....once property bubble burst...all foreigners run road, mass exodus...that is it....
That "many" you mention less than 0.01% only lah! Who cares about them? Gahmen cares mah? They deserve to go to DOWN UNDER for selling their only roof! Who so stupid to please that 0.01% and make the other >90% mad? :banghead:
er....if ppty nvr correct but chiong up.....nxt GE very dangerous hor....
many sold their roof and camping now leh.....whahahahhahaa
MARK Twain said: 'Buy land; they don't make any more of it.
In Singapore, rapid income growth is already helping support rising property valuations.
Singapore continues to attract talent, capital and businesses from across Asia and beyond as it emerges as a regional headquarters for global companies.
The city state's population has risen 18 per cent in the five years to 2011 as its world-class infrastructure, housing, schools and universities, as well as its political stability and the rule of law, draw professionals, investors and business people from many countries.
The number of foreign residents has increased 59 per cent over the past five years. As we have seen in the case of prime London real estate, wealthy international investors want to maintain properties here which they can use for a multitude of reasons, including as a second home for their families to settle into or as a holiday destination.
We see Singapore's economy continuing to benefit as a trading, services and financial hub from the rise of China and India, and as its manufacturing industry moves up the value curve. This, together with gradually rising rates, points to further property price increases in the medium term.
Overall, Asia's relatively low leverage, compared with the West and with previous bubbles, together with the region's robust growth outlook, means that any property price correction is likely to be mild and less dangerous for the wider economy.
There is certainly the risk of a global recession due to fallout from the European crisis. Generally, though, there is likely to be a steady stream, or even a wave, of capital once again flowing towards Asia, causing property prices to rise faster than local incomes.
This would test the mettle of Asian regulators and their macro-prudential toolkit, especially if interest rates stay low in the West.
The risk is in property pricing rising again once the Euro crisis settle down,
thomastansb
30-11-11, 09:38
Thomas Tan: ECB printing 1 trillion euros, also known as quantitative easing
EURO ON THE BRINK: Finance Ministers
November 29th, 2011
it's already gone case....hold on is just wasting more money, funds & die uglier, that is all....like last stage of cancer, sure die, still spend S$mil to sustain everyday, die till bankrupt....
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
thomastansb
30-11-11, 09:40
Those who are camping are driving up the rental which creates a support for prices.
er....if ppty nvr correct but chiong up.....nxt GE very dangerous hor....
many sold their roof and camping now leh.....whahahahhahaa
As Final EFSF Details Emerge, German FinMin Says Bail Out Fund Won't Halt Crisis
11/29/2011 17:55 -0500
claimed to be Euro1Trillion...now 1 cts also cannot raise....as what Germany Finance minister said, Euro1trillion also cannpot bailout 1 Italy...now not even 1 cts means PIIGS all default & bankrupt??.....
“Bonds are the Biggest Bubble in the World Right Now”, Time to Burst.
November 28th, 2011
Something big has to happen soon, and right away: This could be a “make or break” week for the euro crisis
November 28th, 2011
OECD warns of ‘highly devastating outcomes’ from the European crisis
11/28/2011
Moody’s warns on euro zone debt crisis; risk of multiple defaults no longer negligible
November 28th, 2011
Schaeuble: Merkel to propose very tight EU budget rules in December
November 28th, 2011
Wolfgang Münchau: The eurozone really has only few days to avoid collapse
November 28th, 2011
Presenting A Full List Of The ECB's Non-Monetization Options
November 28, 2011
no monetise option...no QE...no money printing...
Germany said it loud & clear...no print $$ & EuroBond....
phantom_opera
30-11-11, 09:44
Better fast fast let PIIGS bankrupt ... I want to tour Italy at the cost of China :cheers4: been to Italy many years ago ... nice country
The new era has begun, massive migration of talents in PIIGS to Asia will push SG properties to the 9th level of heaven :D
Japan Factory Output Up, Positive Sign for Economy
Japanese factory output rose more than expected in October in a tentative sign that flooding in Thailand had a smaller impact on supply chains than initially feared,
BUSINESSES PLAN FOR END OF EURO
November 29th, 2011
most business man & bankers are all planning for end of Euro....
get ready for breakup...then how to deal with their debt & business....
this will pull down many company & banks...all in mess...how to deal...
everything upside down.....
Shanghai Index Could Rally to 2,760 After Soft Landing: Charts
Dow to Reach Next Target of 12,600 in January: Charts
The head and shoulder pattern on the Dow achieved its exact target projections. This was followed by a period of L-shaped consolidation activity. The weekly close above 11,600 was clear evidence the L-shaped consolidation breakout was confirmed. The initial upside target for the breakout was near 12,300. This was calculated by using the projected value of the head and shoulder neckline.
http://media.cnbc.com/j/CNBC/Sections/News_And_Analysis/_Blogs/_Asia/Blogs/ChartingAsia/GUPPY%20RESIZE%200811.standard.jpg (http://www.cnbc.com/id/45201019/)
Click on graph to enlarge
A move above this level gave an upside target near 12,600, which was calculated by taking the width of the L-shape consolidation band and projecting it upwards. The lingering influence of the head and shoulder pattern neckline proved more powerful.
Ron Paul explains his plan to save the U.S. dollar: “We know what to do… We did it once… We went from a paper standard back to the gold standard, and the event wasn’t that dramatic…”
November 29th, 2011
this is the best...If Ron Paul wins....ready for US$ shoot to sky & mortgage rate to be >20% in 2013/4....
this is the man...to change the world & crash all bubble...
back to down to earth....
our greedy govt will be killed.....now already in crisis, still pushing property bubble, is this the LKY we know??...haha...joker....
thomastansb
30-11-11, 09:49
Again, bullshit figures. 150,000 units on sale??? That must be the biggest joke of the day.
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
blackjack21trader
30-11-11, 09:49
CRAMER: ‘We are in DEFCON 3, two stages away from a financial collapse so huge it’s hard to get your mind around’
November 29th, 2011
nuclear war in economy & financial world is all ready....
wait for the domino to fall.....
asia & spore will be the hardest hit....all bubble will burst....
WOAHAHAHAHAAHAH
Dow to Reach Next Target of 12,600 in January: Charts
The head and shoulder pattern on the Dow achieved its exact target projections. This was followed by a period of L-shaped consolidation activity. The weekly close above 11,600 was clear evidence the L-shaped consolidation breakout was confirmed. The initial upside target for the breakout was near 12,300. This was calculated by using the projected value of the head and shoulder neckline.
http://media.cnbc.com/j/CNBC/Sections/News_And_Analysis/_Blogs/_Asia/Blogs/ChartingAsia/GUPPY%20RESIZE%200811.standard.jpg (http://www.cnbc.com/id/45201019/) Click on graph to enlarge
A move above this level gave an upside target near 12,600, which was calculated by taking the width of the L-shape consolidation band and projecting it upwards. The lingering influence of the head and shoulder pattern neckline proved more powerful.
whatever...ready to see Dow below 3000 in next 5 yrs....
Financial red alert: Europe stands on verge of ‘apocalyptic’ debt crisis with only days remaining
November 29th, 2011
let see....December is very interesting....holiday season again in Europe....just like last August...summer holiday....global stock market plunged 30-40% due to PIIGS debt crisis...
coming again.....
ECB Noyer: Situation in Europe has significantly worsened over the past few weeks
November 30, 2011 at 01:26 GMT
sure...beside going down to bottom, where else can they go??....
even ECB said so.....
do nothing, what can they expect?? only continue to borrow & beg....
bargain hunter
30-11-11, 09:59
November 30, 2011, 10.52 am (Singapore time)
http://www.businesstimes.com.sg/mnt/static/image/ax/c.gif
ECB's Noyer: Situation in Europe has significantly worsened
SINGAPORE - European Central Bank governing council member Christian Noyer said on Wednesday Europe's debt crisis had significantly worsened, threatening global financial markets, but was confident the euro area would emerge stronger and more cohesive.
'The situation in Europe and the world has significantly worsened over the past few weeks,' Mr Noyer said at a conference in Singapore. 'Market stress has intensified.' 'We are now looking at a true financial crisis - that is a broad-based disruption in financial markets.'
Italy's borrowing costs hit a euro lifetime high of nearly 8 per cent on Tuesday, heaping more pressure on fractious euro zone leaders to staunch a two-year-old debt crisis that is threatening to splinter the euro zone bloc and push the world economy into a recession.
'In a period of intense market disruption, it is essential to ensure that the monetary policy transmission mechanism actually works. This may involve temporary and exceptional interventions on those market segments where dysfunctions are most apparent,' Mr Noyer said.
He did not elaborate on the remarks.
Sources told Reuters last week that the ECB was looking at extending the term of loans it offers banks to two or even three years to try to prevent the euro zone crisis from sparking a global credit squeeze that will choke the world economy.
'The essential weakness of Europe does not primarily lie in the fragility of any of its components,' Mr Noyer said. 'Europe's fragility comes from its difficulty to organise and manage in times of crisis the complex interactions occurring at the heart of its financial system.' 'It is essential to stabilise European bond markets. We have to recognise that the necessary degree of fiscal adjustment is heavily dependent on the level of market confidence.'
European banks have been hoarding cash instead of lending for fear of one another's exposure to euro zone debt, adding to strains in the financial system. The cost for European banks to swap euros into dollars is edging closer to levels last seen at the height of the global financial crisis in 2008.
Policymakers and economists have floated a few possible solutions for Europe's woes, including the issue of bonds backed by all members of the euro zone to help the weaker economies, increase sovereign debt purchases by the ECB and boost the size of a bailout fund for the region.
But opposition from Germany and other hardliners in the ECB to some of these proposals has prevented the bank from taking decisive action.
Mr Noyer said earlier this week that he opposed expanding the ECB's government debt purchases so as to preserve price stability and protect the value of the euro over the long term.
He said on Wednesday there were now more downside risks to price stability.
'We should try and delink bank and sovereign risk,' Mr Noyer said. 'In the future, this may call for more structural solutions, with deposit insurance and crisis resolution mechanisms firmly established at the euro area level.' -- REUTERS
phantom_opera
30-11-11, 10:02
Yes, quickly accelerating the death spiral for Europe ... very sian everyday trades with plus minus 5% range....still I doubt Singapore property will go down even 15% in the worst case scenario :rolleyes:
devilplate
30-11-11, 10:03
Stock market shd crash vy fast one once triggered....no nid 2-3yrs....within 6mths shd see dow drop to 5k and sti drop to 500
Whahahahana
phantom_opera
30-11-11, 10:06
Stock market shd crash vy fast one once triggered....no nid 2-3yrs....within 6mths shd see dow drop to 5k and sti drop to 500
Whahahahana
STI @ 500 Temasek will buy back their shares in big time :tsk-tsk:
China making big move, down 2%
bargain hunter
30-11-11, 10:07
yah. for stock mkts vol is drying up and trading range is so tight. boring but still can make some small money.
Yes, quickly accelerating the death spiral for Europe ... very sian everyday trades with plus minus 5% range....still I doubt Singapore property will go down even 15% in the worst case scenario :rolleyes:
Ron Paul explains his plan to save the U.S. dollar: “We know what to do… We did it once… We went from a paper standard back to the gold standard, and the event wasn’t that dramatic…”
November 29th, 2011
this is the best...If Ron Paul wins....ready for US$ shoot to sky & mortgage rate to be >20% in 2013/4....
this is the man...to change the world & crash all bubble...
back to down to earth....
our greedy govt will be killed.....now already in crisis, still pushing property bubble, is this the LKY we know??...haha...joker....
wit for the real hero....
Marc Faber: Don’t expect this rally to last
November 29th, 2011
rally?? all bull trap.....
spore property will crash much harder than stock due to gigantic bubble...
明年出口雙位數收縮
2011年11月30日
output down double digit??...huge 2 digits...probably 30-50% down...
western countries ALREADY NO MONEY to buy.....no demand plus trade war...get rady for a deep dive into all freeze....
still dare to sell?? print toilet paper to pay back??....
be prudent, defensive, low profile.....why do lost business??.....
Spain’s jobless rate may rise to 23%
November 29th, 2011
from US to Europe, mostly unemployment rate >20%, but only this one more honest & sincere....
let wait for it to hit Asia & Spore....Japan already claimed 4.5% unemployment yesterday....
Japan property down 90% innlast 20 yrs....no bubble....
phantom_opera
30-11-11, 10:17
China-A looks like going to test the lows of 2,320 this year ... exciting to see whether support will hold this afternoon, morning session so far down 2.3%
http://img1.quotes.ws.126.net/chart/timechart/0000001.png?0.8833811425138265
China-A looks like going to test the lows of 2,320 this year ... exciting to see whether support will hold this afternoon, morning session so far down 2.3%
http://img1.quotes.ws.126.net/chart/timechart/0000001.png?0.8833811425138265
haha...still STI above 3000 by this yr end??.....
devilplate
30-11-11, 10:30
haha...still STI above 3000 by this yr end??.....
Better den u
Rubbish from u nia
2-3yrs time....crappy...whahahaha
Ask u commit a figure and set a date....u give us lamb chop!
Whahahahaha
phantom_opera
30-11-11, 10:30
haha...still STI above 3000 by this yr end??.....
Anything can happen in 1 month ... who knows :p if i am proven wrong then wrong loh
blackjack21trader
30-11-11, 10:30
Marc Faber: Don’t expect this rally to last
November 29th, 2011
rally?? all bull trap.....
spore property will crash much harder than stock due to gigantic bubble...
woahahahaahah
blackjack21trader
30-11-11, 10:32
next is Roudini ?
Woahahaahaha
blackjack21trader
30-11-11, 10:33
I earned my first million by placing bets against the blue callers when I was still a student in NUS back in the 90s.
Woahahahaahah
blackjack21trader
30-11-11, 10:41
http://www.youtube.com/watch?v=FP3YyJz3HsU
WOAHAHAHAHAHA
blackjack21trader
30-11-11, 10:51
http://www.youtube.com/watch?v=FP3YyJz3HsU
WOAHAHAHAHAHA
sounds like basic ?
heheheheheheeheheh
phantom_opera
30-11-11, 10:59
Did you guys notice SGD INR (Indian Rupee) hit 10y high? One SGD now gives 40 Indian Rupees ....
http://chart.finance.yahoo.com/z?s=SGDINR%3dX&t=1y&q=&l=&z=l&a=v&p=s&lang=en-US®ion=US
Did you guys notice SGD INR (Indian Rupee) hit 10y high? One SGD now gives 40 Indian Rupees ....
http://chart.finance.yahoo.com/z?s=SGDINR%3dX&t=1y&q=&l=&z=l&a=v&p=s&lang=en-US®ion=US
already said this few weeks back...Rupee down 15% against US$ this yr...
India is in big trouble.....inflation very high....all high inflation countries get ready for bank to crash due to bank over loan, once inflation burst, most loan will become bad debt, NPL...like spore & China....
China-A looks like going to test the lows of 2,320 this year ... exciting to see whether support will hold this afternoon, morning session so far down 2.3%
http://img1.quotes.ws.126.net/chart/timechart/0000001.png?0.8833811425138265
very nice...once go below 2300....big runs...
all china banks are very worry.....tons of bad debt once on western demand, property burst....bank will start to chase & collect back loan....mostly already stop to loan out...already over-loan, time to call back....
C C B kena sell down again after GIC & BoA...Ari bank kena shorted big way by Chanos...
they can only rely on 10 mil public house to pull up GDP above 8%...but these 10 mil is EXCESS...wastage, lost, debt...already plenty of empty house.....build bigger bubble to crash.....
CHRISTIE TO OBAMA: ‘What the hell are we paying you for?’
November 29th, 2011
this one is sure true....this good for nothing know nothing black...create too uch problem last 3 yrs...
time to crash all of them...
same to spore, are we over-paid?? market already no money, still print to push property price??.....no need $mil......print money, S$5k/m also can do the job....what a shame....
phantom_opera
30-11-11, 11:16
hmm ... Indian Rupee looks strangely like Thai Baht / Indonesia Rupiah back in the good old days of Soros attack ... if many Indian companies borrowing in USD will be squeezed .. luckily the currency is not fully convertible
I earned my first million by placing bets against the blue callers when I was still a student in NUS back in the 90s.
....
yo bro BJ21, dont tell only half the story.
how did you lose that money? betting against red callers? :cool:
CHRISTIE TO OBAMA: ‘What the hell are we paying you for?’
November 29th, 2011
this one is sure true....this good for nothing know nothing black...create too uch problem last 3 yrs...
time to crash all of them...
same to spore, are we over-paid?? market already no money, still print to push property price??.....no need $mil......print money, S$5k/m also can do the job....what a shame....
To be fair, Obama not paid that much as compared to CEOs, so he has no face to meet them.
How come this Christie don't dare to say to LHL, MBT, WKS, ‘What the hell are we paying you for?’
Edward Farrelly, the director of research for Hong Kong, Macau and Taiwan at brokerage CBRE, expects residential prices to fall 20 percent next year.
Andrew Lawrence, the Hong Kong property analyst at Barclays Capital, has forecast a decline of 25 to 30 percent in Hong Kong property prices, assuming the former British colony pulls off a soft landing. The drop would rise to 35 to 45 percent in case of a hard landing, Lawrence predicts.
the best is still, for developer, property agent & consultant speak to media,
The penalty for misleading the public would be a fine of HK$5 million and seven years in prison.
for spore, we should be more....20 yrs in jail for CEO & top management, aslo confiscate all their asset....sure, nobody will want to be developer then, so be honest & sincere.....
About Those "Record" Black Friday Sales...
11/29/2011 22:33 -0500
mostly negative margin sale...to dump..to clear inventory & that is it....no more buying new stock....
buyer mostly use credit card to pay....more debt to record in next few months....
Chris Martenson Lecture On Why The Next 20 Years Will Be Marked By The Collapse Of The Exponential Function
11/29/2011 22:12 -0500
at least some one can see next 20 yrs is time of declining or collapsing or going down.....
time to pay back for all the wrongdoing, spending future, debt, bubble.....in next 20 yrs....
it's not correction or recession or....QE?...haha...bigger bubble to burst....
10-20% correction is nothing to me actually. i think because i have seen much more in the markets....:sleep::sleep::sleep:
phantom_opera
30-11-11, 13:00
http://img1.quotes.ws.126.net/chart/timechart/0000001.png?0.5852339770644903
China down -3.2%
http://img1.quotes.ws.126.net/chart/timechart/0000001.png?0.5852339770644903
China down -3.2%
In that case, STI may see 2610 by this friday....let see....
Japan rating agency R&I place Japan sovereign debt rating on monitor for possible downgrade
November 30, 2011 at 06:13 GMT
If Japan downgrade, Spore will be downgraded too..they are similar to have huge internal debt to GDP ratio......
devilplate
30-11-11, 13:47
Hehehe....so funny....bro spincity oredi explain sg public debt .....lol
November 30, 2011 at 06:13 GMT
If Japan downgrade, Spore will be downgraded too..they are similar to have huge internal debt to GDP ratio......
[/quote]
If every country in the world got downgraded by 1 notch,
does it make any difference?
Will any country be spare the downgrade?
Since The world economy is so inter-connected now.
Just wondering......:confused:
The new era has begun, massive migration of talents in PIIGS to Asia will push SG properties to the 9th level of heaven :D
1) Bro, have you lost your mind
2) If you have lost your mind, please highlight your comments in big bold red
blackjack21trader
30-11-11, 14:00
November 30, 2011 at 06:13 GMT
If Japan downgrade, Spore will be downgraded too..they are similar to have huge internal debt to GDP ratio......
If every country in the world got downgraded by 1 notch,
does it make any difference?
Will any country be spare the downgrade?
Since The world economy is so inter-connected now.
Just wondering......:confused:
remember back in junior college during the 80s? they kept drilling us to go globalised...the Illuminati already have all these planned. The perfect storm was August 2011, they had earned enuff during the 3 months and the wave has began to subside, not to emerge. This is called the White Swan effect.
Good Luck.
:)
those cannot tahan big bold red comments, get lost from this thread....
blackjack21trader
30-11-11, 14:03
1) Bro, have you lost your mind
2) If you have lost your mind, please highlight your comments in big bold red
Nope I have not lost my mind.
those cannot tahan big bold red comments, get lost from this thread....
NO, ACTUALLY, I LOVE IT
ECB Noyer: Situation in Europe has significantly worsened over the past few weeks
November 30, 2011 at 01:26 GMT
what have they done in past few weeks to months?? beside borrow & beg for more, nothing value creation....beside sink down to bottom, where can they go??....wait patiently for death sentence to annouce soon....
blackjack21trader
30-11-11, 14:06
RAINBOW COMING OUT AFTER THE STORM :)
SUNSHINE !!!
Financial red alert: Europe stands on verge of ‘apocalyptic’ debt crisis with only days remaining
November 29th, 2011
S&P downgraded 37 banks globally, many european banks kena.....look at SSE today down 3.25% due to worry of global banking problem....their banks did not get it but in deep shyt...look at sell down in china bank....another big block sold down for C C B....
SSE down with big big volume today...not nice....once break 2300...can say bye bye & will close ugly for this year end....
blackjack21trader
30-11-11, 14:10
RAINBOW COMING OUT AFTER THE STORM :)
SUNSHINE !!!
http://www.youtube.com/watch?v=MAxf27zd2Q4
NO, ACTUALLY, I LOVE IT
love it also get lost.....
love it also get lost.....
LOVE TO CAMP HERE, TOO
blackjack21trader
30-11-11, 14:17
LOVE TO CAMP HERE, TOO
http://i155.photobucket.com/albums/s297/blackjack21trader/images.jpg
http://i155.photobucket.com/albums/s297/blackjack21trader/25-Nov-116-17-14PM.jpg
http://i155.photobucket.com/albums/s297/blackjack21trader/25-Nov-116-19-27PM.jpg
http://i155.photobucket.com/albums/s297/blackjack21trader/25-Nov-116-20-58PM.jpg
10-20% correction is nothing to me actually. i think because i have seen much more in the markets....:sleep::sleep::sleep:
To be young and invulnerable once. :p
Gosh I am so old....
proud owner
30-11-11, 14:25
RAINBOW COMING OUT AFTER THE STORM :)
SUNSHINE !!!
aiyo ... like gay pride
blackjack21trader
30-11-11, 14:28
aiyo ... like gay pride
http://i155.photobucket.com/albums/s297/blackjack21trader/jtsai2.jpg
WOAHAHAHAHAHAHAHA...讨厌。。。。
proud owner
30-11-11, 14:34
http://i155.photobucket.com/albums/s297/blackjack21trader/jtsai2.jpg
WOAHAHAHAHAHAHAHA...讨厌。。。。
something is wrong ...
only your postings .. i cant see the pic attachment
others i can see..
how come ?
blackjack21trader
30-11-11, 14:34
Apparently, my thread is no longer on the first page of this forum liao....:banghead:
something is wrong ...
only your postings .. i cant see the pic attachment
others i can see..
how come ?
your browser has "nonsense" filter activated.:D
李克强再次强调抑制房价 明年楼市调控放松无望
2011年11月30日
deputy PM of china....reinforce again, no loosen of cooling measure next yr...basically no cooling measure for next 3-5 yrs...upon all the 36 million public house ready all over china...by then all the property price already down>60-70%...so this time will it be like Japan in 1990, down 90% in 20 yrs....likely...also due to 1 child policy....tons of excess housing in china....
香港立法严惩新楼违规销售 最高监禁7年
2011年11月30日
very nice...any misconduct in property transaction should be fine & jail heavily...whether is insider trading, rigging, artificial push price, wrong information, fraud in queue & creating crowd, fake data, fake sales, fake announcement, fraud caveat lodge.....all mucy be jailed, fine or confiscate....
长三角房贷利率未见松动
2011-11-30
mortgage rate in china is still the same at 7-7.5%....
with continue to tighten credit...probably more rate hike....
杭州精装楼盘降价急先锋
2011-11-30
china property continue to drop at 10-70% across whole china....
more projects & developers, also resale join in the pric cutting trend....
more drop to expect.....
长三角房贷利率未见松动
2011-11-30
mortgage rate in china is still the same at 7-7.5%....
with continue to tighten credit...probably more rate hike....
No more rate hike
杭州精装楼盘降价急先锋
2011-11-30
china property continue to drop at 10-70% across whole china....
more projects & developers, also resale join in the pric cutting trend....
more drop to expect.....
10%-70% drop?
二手追擊：帝峰．皇殿四房1820萬售[18:01] 2011/11/29
【on.cc 東方互動 專訊】利嘉閣高級經理何仲有表示，奧運站帝峰．皇殿2座中層A室，面積1,552方呎，四房開則，成交價1,820萬元，呎價11,727元。原業持貨至一年多售出，帳面大賺280萬元。
有 "好轉" 跡象..... http://forum.hkpropertycity.net/phpbb2/images/smiles/icon_smile.gif
No more rate hike
NO MORE RATE HIKE
MORE BANK RESERVE RATIO CUT TO COME!!!
Oi! This is a BEAR thread, can only post bad news & comments only! No good news & comments you understand! :p
NO MORE RATE HIKE
MORE BANK RESERVE RATIO CUT TO COME!!!
NO MORE RATE HIKE
MORE BANK RESERVE RATIO CUT TO COME!!!
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
Where get the 150,000 units?
[QUOTE=SpinCity]
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
Where get the 150,000 units?
I only share with my friends, ant fools like you
[quote=SpinCity]
I only share with my friends, ant fools like you
FRIEND FRIEND LAH. PM YOU OK?
FRIEND FRIEND LAH. PM YOU OK?
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
Didn't expect tthe coordinated move by the various central banks. From what was looking like a red day, it's now a super green day.
Why you talking to youself? Why you quote basic?
SpinCity <-> basic? :confused:
Where get the 150,000 units?
Originally Posted by SpinCity
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
Don't think will last long, the most until Friday only, next Monday fall again. :p
Didn't expect tthe coordinated move by the various central banks. From what was looking like a red day, it's now a super green day.
Why you talking to youself? Why you quote basic?
SpinCity <-> basic? :confused:
Originally Posted by SpinCity
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
Aiyo, Basic is MIA now, just post his typical lines for him lor
Do you think it is fun?
I start to find it fun to talk to myself, wahahahaha
Why you talking to youself? Why you quote basic?
SpinCity <-> basic? :confused:
Originally Posted by SpinCity
many brainless still hold tight tight to their property with huge mortgage loan....
no buyer now, ILLIQUID to sell, >150,000 out there for sale, how to sell??...
wait for big retrenchment, rate hike, more supply, foreigners run road, no business, then declare bankrupt....
sleep in cages with no 3G internet......
Though I never follow this thread closely, just happen to click onto this page, the way SpinCity write is more or less similar to Basic. Scolding people and start calling people "...." as though those who hold on to their ppty are all stupid people.:cool: :doh:
Though I never follow this thread closely, just happen to click onto this page, the way SpinCity write is more or less similar to Basic. Scolding people and start calling people "...." as though those who hold on to their ppty are all stupid people.:cool: :doh:
It is not similar but I directly borrow his lines lah. Just go back a few pages and you can find the exact conversation between Basic and Thomas.
Come on, life is stressful enough, we shall have some fun
It is not similar but I directly borrow his lines lah. Just go back a few pages and you can find the exact conversation between Basic and Thomas.
Come on, life is stressful enough, we shall have some fun
It'll be more more fun if property prices plummet 30% in the next 2 years... :cheers1:
Don't think will last long, the most until Friday only, next Monday fall again. :p
it doesn't give the bears a clear run down on goal. it has already irritated some of the members here, drop also half hearted, plus wild cards here and there.
Two web browsers. Two identities. Except for those who genuinely suffer from Split Personality Disorder, most will find it difficult to maintain the original online persona and the alter-ego convincingly.
Though I never follow this thread closely, just happen to click onto this page, the way SpinCity write is more or less similar to Basic. Scolding people and start calling people "...." as though those who hold on to their ppty are all stupid people.:cool: :doh:
ADP Payroll Print Of 206,000 Comes 4 Standard Deviations Higher Than 130,000 Consensus, Above Highest Wall Street Estimate
11/30/2011 08:25 -0500
this is exactly like black friday, super strong sales of thanksgiving.....later found out is negative profit sales by clearing inventory & dumping at lost money price.....no more buying new stock anymore.....
Then wait for few months time for credit card default & company lost money report....
This ADP job creation must be the same again....try to cook data can only reflect market is in extremely panic condition....
all these fake & fraud will face reality soon....seem like is the last rally before market crash.....
all your question, answer is in this thread...find yourself, no spoonfeed...
Geylang OKT
30-11-11, 21:32
all your question, answer is in this thread...find yourself, no breastfeed...
Hee hee heee :D :D :D
Foreign Currency Liquidity Swaps
11/30/2011 09:14 -0500
US just pump easy money into global financial system....very nice...this will push 1 more round of inflation...oil, metal, commodity up....
this only show how panic US is.....just to tell the world US is at verge of breaking down...eventually, someone will whack it down...
swap rate is manipulated...not market decide, fixed by them....it will also break & burst 1 fine day....
the world is in a mess now....just wait for a fall....bubble is really gigantic...
this one only good for short term...long term go to hell....
China Begins Monetary Easing, Lowers Reserve Ratio By 50 bps
11/30/2011 06:50 -0500
as China tell the world, do not expect anything from this cut....after SSE down 3.3% today, sudden cut...another panic...these are all bad signs....
Rate cut or rate hike still depend on inflation....inflation rate>interest rate, don't expect any rate cut....
pork & vege price on the uptrend again last 1 week...let see how will they move in next few weeks...
Tomorrow China officical PMI...don't look good since they cut RRR roday....
710,000 UK public service workers to lose their jobs:
November 30th, 2011
UK on strike today...situation getting bad in UK...will get worse moving forward...but at least they go for austerities, still got some hope in this sense....
Don't miss the boat again...
China Begins Monetary Easing, Lowers Reserve Ratio By 50 bps
11/30/2011 06:50 -0500
as China tell the world, do not expect anything from this cut....after SSE down 3.3% today, sudden cut...another panic...these are all bad signs....
Rate cut or rate hike still depend on inflation....inflation rate>interest rate, don't expect any rate cut....
pork & vege price on the uptrend again last 1 week...let see how will they move in next few weeks...
Tomorrow China officical PMI...don't look good since they cut RRR roday....
devilplate
30-11-11, 21:45
It'll be more more fun if property prices plummet 30% in the next 2 years... :cheers1:
Usually crash fast fast one la.....
U look at ppi chart.....
Within 6mths can crash 30-40% hehe.....
Stock largi fast....2-3mth can crash 30-40%!
Within 2-3yrs is plain cheap tok la....:p
Agree, when the waterfall happens, it's usually very quick.
It’s Official: Europe Has 10 Days To Save The Euro
November 30th, 2011
this is the real one you have to take note...Dec 9....will it be the turning point??....let see, how this event unfold, will it rock the boat.....
devilplate
30-11-11, 21:50
It’s Official: Europe Has 10 Days To Save The Euro
November 30th, 2011
this is the real one you have to take note...Dec 9....will it be the turning point??....let see, how this event unfold, will it rock the boat.....
Sure anot....GSS!
Nvr drop u sell ur tent to me 30% discount!
Wolfgang Schauble Admits Euro Bail-Out Fund Won’t Halt Crisis
November 30th, 2011
sure....let Germany deal with US....US will just topple upside down if Germany want it to sink...fate of US is all in the hand of Germany.....
all the panic act of US just to show that they cannot sustain anymore....
let wait for Germany to pull the plug.....
Tens Of Millions Of American Families Are Living On The Edge Of Desperation – And The Economy Is About To Get A Whole Lot Worse
November 30th, 2011
this is the real situation of US....with oil, commodity moving higher, US will crash harder...they are just killing themselves eventually...
either way, they are dead...just try to prolong, but will die uglier.....
Sure anot....GSS!
Nvr drop u sell ur tent to me 30% discount!
keep your mouth shut...I don't have a tent...:)
Don't miss the boat again...
sinking boat, you can have it....only short term play, I am not greedy for the last rally...
wait patiently for long term short instead....time not ripe yet....almost....
解铃环需系铃人
The entire saga that is unfolding is a show of a grand scale. The ones who will untie the knots are the ones who tied them in the first place. The show is to distract the masses; it is the means to the end which they are more interested in - power, control through a surreptitious transfer of wealth.
It’s Official: Europe Has 10 Days To Save The Euro
November 30th, 2011
this is the real one you have to take note...Dec 9....will it be the turning point??....let see, how this event unfold, will it rock the boat.....
devilplate
30-11-11, 22:03
keep your mouth shut...I don't have a tent...:)
Whaha
Free forum la....lalalala
Den wat else u haf? Whahaha
解铃环需系铃人
The entire saga that is unfolding is a show of a grand scale. The ones who will untie the knots are the ones who tied them in the first place. The show is to distract the masses; it is the means to the end which they are more interested in - power, control through a surreptitious transfer of wealth.
whether is conspiracy or Germany to takeover the whole Europe or whatever....they must go thru' the pain 1st before the end result...
so whatever is the result, next step is very painful....the world will suffer for quite a long time before sunrise.....next step is almost now....
devilplate
30-11-11, 22:07
whether is conspiracy or Germany to takeover the whole Europe or whatever....they must go thru' the pain 1st before the end result...
so whatever is the result, next step is very painful....the world will suffer for quite a long time before sunrise.....next step is almost now....
Set a date la
Almost now....means wat? Dun tell me within 2-3yrs again....zzzzzz
Whahahhaha
I believe you should be aware that the governments of the countries are just pawns, the central banks are tools. The ones who mastermind the entire saga are so ahead of the masses in the game that they need only to flick a finger to move a mountain.
It is futile to swim against the tide; the short to mid-term game plan that they are engaging in is monetary expansion. It will not last forever but in the interim, that is how they are sucking out the intrinsic value in the financial system.
whether is conspiracy or Germany to takeover the whole Europe or whatever....they must go thru' the pain 1st before the end result...
so whatever is the result, next step is very painful....the world will suffer for quite a long time before sunrise.....next step is almost now....
thomastansb
30-11-11, 22:10
Even idiot also can say.
Soon...
In the near future...
In 5 to 10 years time...
I also can say crisis coming soon. 10 years also is soon.
Set a date la
Almost now....means wat? Dun tell me within 2-3yrs again....zzzzzz
Whahahhaha
Set a date la
Almost now....means wat? Dun tell me within 2-3yrs again....zzzzzz
Whahahhaha
20-30 yrs....
Basic..... we friend friend, i sell you my property 10% higher than last URA transaction k.... I hear pain see you panic and keep paying rent.... If youdont buy property will go up 50% in 2-3 years time...
This offer last only one day ya....
Better take it fast.........
Shortfall of 70,000 units of housing during the last ten years....... Prices going to sky rocket!!!!!
thomastansb
30-11-11, 22:13
Dow up 400 points.
Even idiot also can say.
Soon...
In the near future...
In 5 to 10 years time...
I also can say crisis coming soon. 10 years also is soon.
moron talking....
Basic..... we friend friend, i sell you my property 10% higher than last URA transaction k.... I hear pain see you panic and keep paying rent.... If youdont buy property will go up 50% in 2-3 years time...
This offer last only one day ya....
Better take it fast.........
Shortfall of 70,000 units of housing during the last ten years....... Prices going to sky rocket!!!!!
another moron talking....
I believe you should be aware that the governments of the countries are just pawns, the central banks are tools. The ones who mastermind the entire saga are so ahead of the masses in the game that they need only to flick a finger to move a mountain.
It is futile to swim against the tide; the short to mid-term game plan that they are engaging in is monetary expansion. It will not last forever but in the interim, that is how they are sucking out the intrinsic value in the financial system.
sure, the most another few more months, if you are interested with my estimated peak of this last rally, you can PM me....
thomastansb
30-11-11, 22:19
It is a vicious cycle. Those who sell hoping for prices to drop are renting. They in turn push up the rental and in turn push up the prices. I suggest basic should stay below a overhead bridge if he is renting one. So to keep the rental market lower. But he might not make a difference. There are 200k increase in population every year. Not forgetting, every country lower their interest rate. From US to England to China. Everyone cutting and cutting interest rate.
High rental, low housing installment, I don't see how prices can drop 50%. It will be a challenge to even drop 10% now.
Basic..... we friend friend, i sell you my property 10% higher than last URA transaction k.... I hear pain see you panic and keep paying rent.... If youdont buy property will go up 50% in 2-3 years time...
This offer last only one day ya....
Better take it fast.........
Shortfall of 70,000 units of housing during the last ten years....... Prices going to sky rocket!!!!!
It is a vicious cycle. Those who sell hoping for prices to drop are renting. They in turn push up the rental and in turn push up the prices. I suggest basic should stay below a overhead bridge if he is renting one. So to keep the rental market lower. But he might not make a difference. There are 200k increase in population every year. Not forgetting, every country lower their interest rate. From US to England to China. Everyone cutting and cutting interest rate.
High rental, low housing installment, I don't see how prices can drop 50%. It will be a challenge to even drop 10% now.
moron talks to moron....
devilplate
30-11-11, 22:25
20-30 yrs....
Ur tent can last so long meh! U r welcome to PM ok....i buy u a tent ok ;)
Thanks for the offer, however I am not a stock trader and am not vested in equities so stock market fluctuations do not directly affect me.
I am vested in properties due to my own projections of the monetary expansion effects for the next three to four years.
The biggest risk factor for properties in Singapore is political risk so there should still be another three to five years before I start to work on tweaking my portfolio.
sure, the most another few more months, if you are interested with my estimated peak of this last rally, you can PM me....
Basic..... we friend friend, i sell you my property 10% higher than last URA transaction k.... I hear pain see you panic and keep paying rent.... If youdont buy property will go up 50% in 2-3 years time...
This offer last only one day ya....
Better take it fast.........
Shortfall of 70,000 units of housing during the last ten years....... Prices going to sky rocket!!!!!
Dont miss the boat again!!!! buy buy..... SIN the only country in Asia voted in the top 10 safest city to live in
Dow up 400 points.
so how high can 95% of spore counters move?? Cosco can go to $0.95? or YZJ? Noble can above $1.3 or NOL above $1.15.....
SGX above $6.5 or kepland above $2.6??.....
only less than 10-15 counters, out of 1000+, pushing up STI index, >95% are still death fish...who dare to buy if move slightly higher....it will crash down much more when a bad news hit.....
those bought before Aug 1 on the 95% counters....all can keep for >10 yrs to have profit....
devilplate
30-11-11, 22:28
Thanks for the offer, however I am not a stock trader and am not vested in equities so stock market fluctuations do not directly affect me.
I am vested in properties due to my own projections of the monetary expansion effects for the next three to four years.
The biggest risk factor for properties in Singapore is political risk so there should still be another three to five years before I start to work on tweaking my portfolio.
Ya...i worry abt next GE result too.....things not looking good wif more and more ppl like ........
Potential home buyers came out of the woodwork in October, signing contracts to buy existing homes at a higher-than expected pace.
Pending home sales jumped 10.4 percent compared to September, according to the National Association of Realtors, with the biggest gains in the Midwest, up 24 percent.
US recovering .......... basically the bottom line is don't............miss............the boat............
Thanks for the offer, however I am not a stock trader and am not vested in equities so stock market fluctuations do not directly affect me.
I am vested in properties due to my own projections of the monetary expansion effects for the next three to four years.
The biggest risk factor for properties in Singapore is political risk so there should still be another three to five years before I start to work on tweaking my portfolio.
too bad you are in property....no hope at all for next 2-3 yrs....
global economy decide, not local political risk....
very very gloomy....but cannot tell more for those rubbish bulls in this forum...
take care....
The only safe investment path is the middle path. Swinging to extremes will always result in pain. The middle path is about keeping vested with some powder dry. This will allow the greatest flexibility in any situation. Ultimately, the fundamentals still apply (affordability in terms of installment payment, stability of income sources such as job, rental, etc).
As a singaporean, this country will always be my home. However, it is necessary prudence to take into account global and local risk factors for investment and hedge accordingly (e.g. converting part of cash holdings into a basket of foreign currencies).
Ya...i worry abt next GE result too.....things not looking good wif more and more ppl like ........
Thanks, all the best to you too!
too bad you are in property....no hope at all for next 2-3 yrs....
global economy decide, not local political risk....
very very gloomy....but cannot tell more for those rubbish bulls in this forum...
take care....
too bad you are in property....no hope at all for next 2-3 yrs....
global economy decide, not local political risk....
very very gloomy....but cannot tell more for those rubbish bulls in this forum...
take care....
Very thoughtful and caring. You're the saviour man.
The first thing I'm going to do tomorrow is to sell my all my properties and camp besides you. Where is your tent? I think we can be good neighbours. :D
Did A Large European Bank Almost Fail Last Night?
11/30/2011 10:40 -0500
no wonder whole world jump in to rescue....if this domino card fall, 1 by 1 will fall.....french bank, almost default to pay out....
US, Japan, Swiss, Canada, China, UK, ECB...all need to jump in just to save 1 bank....haha...
real panic, they are in....
with this, they sink even deeper into it now....more debt, more wastage, most lost...all these money will not be able to pay back.....
next one is near too...see how many time they can do this.....
whole world is avoiding Europe, loan to Europe....US die die must cheong in to rescue, that shows how critical is their condition...ho say lah.....they are dying....
Very thoughtful and caring. You're the saviour man.
The first thing I'm going to do tomorrow is to sell my all my properties and camp besides you. Where is your tent? I think we can be good neighbours. :D
Istana....
November Chicago PMI 62.6
11/30/2011
this data got sense??....haha....fake till so obvious....
it's ok, not important anymore....
not bad, at least can continue short term trade....
devilplate
30-11-11, 23:00
sure, the most another few more months, if you are interested with my estimated peak of this last rally, you can PM me....
Vy clever at twisting
Whenever stock market recover....mr b will say last rally.....
Wah piang...how many last rally? Whahaha
pending home sales up 10.4% compared to Sep. hmmm...
devilplate
30-11-11, 23:01
The only safe investment path is the middle path. Swinging to extremes will always result in pain. The middle path is about keeping vested with some powder dry. This will allow the greatest flexibility in any situation. Ultimately, the fundamentals still apply (affordability in terms of installment payment, stability of income sources such as job, rental, etc).
As a singaporean, this country will always be my home. However, it is necessary prudence to take into account global and local risk factors for investment and hedge accordingly (e.g. converting part of cash holdings into a basket of foreign currencies).
Wah liu brother....i tink ppl wud tot we r the same person!
devilplate
30-11-11, 23:02
Very thoughtful and caring. You're the saviour man.
The first thing I'm going to do tomorrow is to sell my all my properties and camp besides you. Where is your tent? I think we can be good neighbours. :D
Hmmm....mabe a gd biz opportunity? I can give 30% discount to bros here ;)
Vy clever at twisting
Whenever stock market recover....mr b will say last rally.....
Wah piang...how many last rally? Whahaha
goondu, you jump in to buy tomorrow lo....
Istana....
Wow.... Istana?
We are Singapore, we are Singapore
We will stand together hear the lion roar
devilplate
30-11-11, 23:08
goondu, you jump in to buy tomorrow lo....
Lousy argument.....dun divert attention and change topic
Try harder....whahahaha
Did A Large European Bank Almost Fail Last Night?
11/30/2011 10:40 -0500
no wonder whole world jump in to rescue....if this domino card fall, 1 by 1 will fall.....french bank, almost default to pay out....
US, Japan, Swiss, Canada, China, UK, ECB...all need to jump in just to save 1 bank....haha...
real panic, they are in....
with this, they sink even deeper into it now....more debt, more wastage, most lost...all these money will not be able to pay back.....
next one is near too...see how many time they can do this.....
whole world is avoiding Europe, loan to Europe....US die die must cheong in to rescue, that shows how critical is their condition...ho say lah.....they are dying....
haha...if this rally only last 2-3 days....then nobody dare to buy anymore....all know the real fox is coming...all run or watch...
then when a shadow shows....all will run like seeing ghost....haha....dump & back to square one...all the money dump in evaporated.....
loan money to bankrupt crook...everybody so happy.....
devilplate
30-11-11, 23:13
Wow.... Istana?
We are Singapore, we are Singapore
We will stand together hear the lion roar
Mr b is dreaming of himself staying in istana....
Dun say i nvr help hor....
Pls dl 'MyENV' app ok.....foc....vy useful for those campers ;)
Lousy argument.....dun divert attention and change topic
Try harder....whahahaha
boji.......
basic, i'm amazed at your post count. in a blink of an eye, you rose from 200+ post to 1200+ post. :cheers5:
Mr b is dreaming of himself staying in istana....
Dun say i nvr help hor....
Pls dl 'MyENV' app ok.....foc....vy useful for those campers ;)
typical goondu.....
devilplate
30-11-11, 23:17
typical goondu.....
I know u oredi downloaded it
Whahahaha
Mr b is dreaming of himself staying in istana....
Dun say i nvr help hor....
Pls dl 'MyENV' app ok.....foc....vy useful for those campers ;)
Very useful leh. :cheers4: FOC some more.
Mr B any feedbacks on this App? You used it before? Any other tips?
Fed, Five Central Banks Cut Dollar Swap Rate
lemme try to have fun at this too
Regulators
01-12-11, 00:50
Mr B hallucinating that orchard condos will drop to $800psf for him to buy :doh: :doh:
Mr b is dreaming of himself staying in istana....
Dun say i nvr help hor....
Pls dl 'MyENV' app ok.....foc....vy useful for those campers ;)
blackjack21trader
01-12-11, 02:01
Aiyo, Basic is MIA now, just post his typical lines for him lor
Do you think it is fun?
I start to find it fun to talk to myself, wahahahaha
CHIOKAPENG LA..WOHAHAHAHA Early morning wake up read this kind of post, LOL
blackjack21trader
01-12-11, 02:05
]I believe you should be aware that the governments of the countries are just pawns, the central banks are tools.[/B] The ones who mastermind the entire saga are so ahead of the masses in the game that they need only to flick a finger to move a mountain.
It is futile to swim against the tide; the short to mid-term game plan that they are engaging in is monetary expansion. It will not last forever but in the interim, that is how they are sucking out the intrinsic value in the financial system.
yes. That is the reason why I said it is a political game and not an economic one.
blackjack21trader
01-12-11, 02:09
Mr B hallucinating that orchard condos will drop to $800psf for him to buy :doh: :doh:
To wake your sleepy head, I suggest you come read this forum once you wake up in the morning . WOAHAHAHAHAA
blackjack21trader
01-12-11, 03:50
Fed, Five Central Banks Cut Dollar Swap Rate
lemme try to have fun at this too
Now, why should we pay a high interest rates when governments who are not in deficit ( excluding the USA) are getting low attractive bond rates? Their borrowing costs is effectively zero, while we are still paying a
[email protected]% on the average on mortgage rates. Therefore, as long as Fed kept interest rates LOW to generate the next QE, we could be ( could be only, you still have to gauge your own financial prowess) in a low interest rate environment for a long long time.
Since WW2, USA has been bailing out many emerging economies around the World with her QEs to them. Why should She not be allowed to QE her own economy?
So the current economic situation is a once in a lifetime opportunity.... once Euro and US charlie boom town in 2012, there will be no more chance in our lifetime to see this arbitrage opportunity again. What will return is Normacy, a return to the normal 4 years economic peak and trough cycles.
Mortgage Interest rates could ( could only ) be below 1.5% come 2012. HUAT ARHHH !!!
Good Luck.
blackjack21trader
01-12-11, 03:58
ROCKET LAI LIAO ARHHHH !!!!!!!
http://i155.photobucket.com/albums/s297/blackjack21trader/Jolin_Tsai_wallpaper_5.jpg
关云神龙股侠。
NIL SINE LABORE!
Ya...i worry abt next GE result too.....things not looking good wif more and more ppl like ........
People like .... May not be eligible to vote
Liquidity injection: http://www.reuters.com/article/2011/11/30/markets-europe-stocks-idUSnL5E7MU6E20111130 Let's see how our property prices here will be further boosted.
Mr B hallucinating that orchard condos will drop to $800psf for him to buy :doh: :doh:
market is going to cheong up again, quickly dump all you have, borrow whatever you can & buy TODAY before too late....stock, property.......:)
Europe crisis has worsened: ECB
November 30th, 2011
after FED swap arrangement ECB still shout this, why huh?? because he knows only get worse, not getting better.....
inject more steroid....very happy....haha...insane liao....
Fed, Five Central Banks Cut Dollar Swap Rate
lemme try to have fun at this too
very nice....only thing last night action tell the world is : US & the world is really in panic & hysteria stage....the world is falling anytime, they are only showing how weak they are, how dangerous, this world economy is going to collapse anytime...
this is the only signal from last night signal...the signal is clear.....
they print? NO...
they loan out? NO, they dare NOT...
but you better buy big big TODAY.....
hahahahahaha.......
That goes to show S&P downgraded 37 largest banks globally is CORRECT....
the expected crash is getting nearer & nearer....
last night, they use mouth only, If they can action, they will act, but they did not, can't, dare not, don't want to.....
global hedge funds will get ready to short all down big way as already too huge to rescue....ai lai liao.....
this is the signal to GS : get ready to short....be patient....
typical goondu.....
Oi devil, u kena change to goondu liao ah.
no more LIAR......:confused:
blackjack21trader
01-12-11, 08:26
the expected crash is getting nearer & nearer....
last night, they use mouth only, If they can action, they will act, but they did not, can't, dare not, don't want to.....
global hedge funds will get ready to short all down big way as already too huge to rescue....ai lai liao.....
this is the signal to GS : get ready to short....be patient....
already crashed in august 2011 liao leh...recovery underway !!!
my eyes are bleeding from all the super large red, blue & bold fonts......:scared-5:
blackjack21trader
01-12-11, 08:33
my eyes are bleeding from all the super large red, blue & bold fonts......:scared-5:
WOAHAHAAHAHAH
proud owner
01-12-11, 08:35
my eyes are bleeding from all the super large red, blue & bold fonts......:scared-5:
is that why the summons are in pink and small fonts ?
they want you to pay ..it hurt your pockets and have no intention to hurt your eyes
moneymatters
01-12-11, 08:38
Mr. B got no time to respond today liao....busy covering his shorts. fire fire pants on fire :simmering: haha
devilplate
01-12-11, 08:39
over enlarging and all in RED/BLUE(watever color) defeat the purpose of attracting attention
it actually turns off potential readers
wrong move la Mr B
whahahahahahaha
devilplate
01-12-11, 08:41
Mr. B got no time to respond today liao....busy covering his shorts. fire fire pants on fire :simmering: haha
his condition getting from worse to WORSTEST!
from panicky to HALLUCINATION
Mr. B got no time to respond today liao....busy covering his shorts. fire fire pants on fire :simmering: haha
haha...moron....
over enlarging and all in RED/BLUE(watever color) defeat the purpose of attracting attention
it actually turns off potential readers
wrong move la Mr B
whahahahahahaha
reflect his personality and character
this is the man for US next President.....instead of the human rubbish, obama...
Ron Paul Statement On The Fed's Bailout Of Europe
11/30/2011 13:04
From Ron Paul
Statement on the Fed's Continued Euro Bailout
The Fed's latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreements. Those who would argue that auditing the Fed or these agreements with central banks harms the Fed's independence should reevaluate the Fed's supposed independence when the Fed bails out Europe so soon after President Obama promised US assistance in resolving the Euro crisis.
Rather than calming markets, these arrangements should indicate just how frightened governments around the world are about the European financial crisis. Central banks are grasping at straws, hoping that flooding the world with money created out of thin air will somehow resolve a crisis caused by uncontrolled government spending and irresponsible debt issuance. Congress should not permit this type of open-ended commitment on the part of the Fed, a commitment which could easily run into the trillions of dollars. These dollar swaps are purely inflationary and will harm American consumers as much as any form of quantitative easing.
The Fed is behaving much as it did during the 2008 financial crisis, only this time instead of bailing out politically well-connected too-big-to-fail firms it is bailing out profligate government spending. Citizens the world over deserve better than this. They deserve sound money that cannot be manipulated and created out of thin air by central planners who promise printed prosperity. Fiat money caused this European crisis and the financial crisis before it. More fiat money is not the cure. The global fiat currency system has proven itself a failure, we need real monetary reform. We need sound money.
devilplate
01-12-11, 08:44
Mr B surely take my advice seriously ;)
his condition getting from worse to WORSTEST!
from panicky to HALLUCINATION
moron liar.....
Fed's dollars won't save Europe
This merely treats a symptom, not the disease. And it won't save euro.
Nov 30, 2011 3:27 PM
if you know last few night volume transaction in Dow & Europe is very small....no volume....you know who is acting.....
It's just bump & dump....to short...not yet too.....wait patiently lah....
Don't trust this bogus stock rally
Just adding to the world's debt burden.
Nov 30, 2011 10:32 AM
do jump in & buy if you think this rally is real...buy anything, stock, property, gold, commodity, metal, oil.....
bigger debt, crash harder later, that is all....
People who sold their properties and wait for price to correct will be really become impatient and panic if this comes true. Good for rental market. There is a thread on this posted yesterday. Know of someone who has done the same thing recently.
The Thirteen Days of Christmas: A European Implosion
November 30th, 2011
hope FED print more & loan out to PIIGS....without collateral....
american is stupid??....
why don't spore print & loan to PIIGS....
irresponsible world, that is all....
Mr. B got no time to respond today liao....busy covering his shorts. fire fire pants on fire :simmering: haha
I reckon that the rally won't last too long until ECB monetize the euro sovereign debts. The central banks' move to cut dollar funding cost only gives a straw to those European banks to breath underwater. The banks can take a breath for now but not European countries
Only when the euro members come to an agreement to solve the debt issue the market can be stabilized
Backlog of first-time BTO applicants mostly cleared
The backlog of first-time applicants for the HDB’s Build-To-Order flats appears to have largely cleared, following a ramp up in supply. As of 5:00 pm Wednesday, there were 1.4 first-time applicants for each flat offered, excluding studio apartments.
The HDB launched 4,200 BTO flats last Thursday, including nearly 500 studio apartments meant for the elderly.
Commenting on his blog on Wednesday, National Development Minister Khaw Boon Wan said if the application rate for first-timers is below two, almost all will get a chance to select a new flat.
While there may be new first-time applicants, Mr Khaw said their numbers will be below the 25,000 BTO flat supply available next year.
First marriages involving Singaporeans number about 15,000 a year.
Once the first-timer queue is cleared, he will be better able to help second-timers, starting next year.
Currently, only five per cent of new flats are set aside from second-time home owners.
The HDB has also started to separate the subscription rates for first- and second-timers to provide greater clarity.
Nicholas Mak, executive director of Research and Consultancy at SLP International, said: “In the past, the government has always been focusing on meeting the demand of first-timers and some second-timers, and subsequent upgraders may feel a bit disadvantaged. With this new information released, they may be able to see which are the projects, say, second-timers have a better chance of succeeding in selecting a flat they want.”
Source : Channel NewsAsia – 30 2011
JPM Explains The Novel Feature In Today's Fed Liquidity Swap Line Expansion
11/30/2011 13:53 -0500
The Fed's official statement is that these are being implemented as a "contingency measure." There are no plans to make these operational in the near term, but are apparently being set up as a backup plan in the event of a worsening in global financial conditions." What this means remains unclear but the Fed never changes policy without reason. Which then begs the question: while everyone is focusing on foreign bank lack of USD liquidity, should the real focus be on US bank lack of foreign currency liquidity?
haha...who is actually lack of Euro??....
phantom_opera
01-12-11, 09:01
bought some SMRT shares today using my SRS account .... interest rate really sucks ... my SRS $$ all lost to inflation in past few years :beats-me-man:
I reckon that the rally won't last too long until ECB monetize the euro sovereign debts. The central banks' move to cut dollar funding cost only gives a straw to those European banks to breath underwater. The banks can take a breath for now but not European countries
Only when the euro members come to an agreement to solve the debt issue the market can be stabilized
It’s Official: Europe Has 10 Days To Save The Euro
November 30th, 2011
this is the real one you have to take note...Dec 9....will it be the turning point??....let see, how this event unfold, will it rock the boat.....
devilplate
01-12-11, 09:06
It’s Official: Europe Has 10 Days To Save The Euro
November 30th, 2011
this is the real one you have to take note...Dec 9....will it be the turning point??....let see, how this event unfold, will it rock the boat.....
Mr B will be receiving his death sentence on Dec 9???.....hehehehehe
Bloomberg: JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), among the world’s biggest traders of credit derivatives, disclosed to shareholders that they have sold protection on more than $5 trillion of debt globally.
November 30th, 2011
this is the reason why FED acted yesterday....
all will collapse in near future......
no more time...yesterday is buying time only...no way to rescue....
Europe fall....US fall immediately.....
Mr B will be receiving his death sentence on Dec 9???.....hehehehehe
you want your whole family to die immediately.....:):):):)
Mr B will be receiving his death sentence on Dec 9???.....hehehehehe
It's ok. Can still buy KL at RM900psf
Bloomberg: JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), among the world’s biggest traders of credit derivatives, disclosed to shareholders that they have sold protection on more than $5 trillion of debt globally.
November 30th, 2011
this is the reason why FED acted yesterday....
all will collapse in near future......
no more time...yesterday is buying time only...no way to rescue....
Europe fall....US fall immediately.....
The whole world collapse but only Basic stands firmly, hahaha
phantom_opera
01-12-11, 09:14
Backlog of first-time BTO applicants mostly cleared
The backlog of first-time applicants for the HDB’s Build-To-Order flats appears to have largely cleared, following a ramp up in supply. As of 5:00 pm Wednesday, there were 1.4 first-time applicants for each flat offered, excluding studio apartments.
The HDB launched 4,200 BTO flats last Thursday, including nearly 500 studio apartments meant for the elderly.
Commenting on his blog on Wednesday, National Development Minister Khaw Boon Wan said if the application rate for first-timers is below two, almost all will get a chance to select a new flat.
While there may be new first-time applicants, Mr Khaw said their numbers will be below the 25,000 BTO flat supply available next year.
First marriages involving Singaporeans number about 15,000 a year.
Once the first-timer queue is cleared, he will be better able to help second-timers, starting next year.
Currently, only five per cent of new flats are set aside from second-time home owners.
The HDB has also started to separate the subscription rates for first- and second-timers to provide greater clarity.
Nicholas Mak, executive director of Research and Consultancy at SLP International, said: “In the past, the government has always been focusing on meeting the demand of first-timers and some second-timers, and subsequent upgraders may feel a bit disadvantaged. With this new information released, they may be able to see which are the projects, say, second-timers have a better chance of succeeding in selecting a flat they want.”
Source : Channel NewsAsia – 30 2011
BTOs launched nowadays are ulu, so far from MRT/amenties, I think Khaw is cheating himself. Launch another one close to MRT in mature estate, you will see subscription rate of first timer shoots to 9th heaven
Goldman On Today's Coordinated Central Bank Bailout: "It Isn’t Enough To Save Anyone Or Solve Anything" And "Why Now?"
11/30/2011 19:27
why need to save??...problem so big meh...haha...
why now?? can't wait tomorrow??....
11/30/2011 Peter Schiff Explains What Today's Global Fed-Funded Bailout Means For The Future
11/30/2011 19:27
more doom coming, that is all....
歐元區踏入危情十日
will Germany show hand on Dec 9??.....
then hedge funds will act before that....
希臘脫歐大熱 賭盤4賠1
gambling time is here.....much faster than property & stock market.....
京新盤減價仍滯銷
even cut price 20-30%, still no buyer...
here refer to Beijing, but same across china....
Panic? Politicians panick that investors may sell in droves! So no choice have to act. And walah! Investors now BUY in droves!!!
Bears and Short sellers like basic PANIC? :scared-1:
Dow soars 490 as central banks extend help to Europe
The blue chips see their biggest 1-day gain since 2009. The central banks' move is meant to enith sure European banks won't get caught in a cash crunch. China eases credit. Private employers added more than 200,000 jobs in November.
very nice....only thing last night action tell the world is : US & the world is really in panic & hysteria stage....the world is falling anytime, they are only showing how weak they are, how dangerous, this world economy is going to collapse anytime...
this is the only signal from last night signal...the signal is clear.....
they print? NO...
they loan out? NO, they dare NOT...
but you better buy big big TODAY.....
hahahahahaha.......
I also know a few. Told them not to be so confident of one-self judgement they don't believe. Now rental jacked up with every renewal and still won't buy because price much higher than what they sold for and still have to pay increasing RENT! (their pride is more important than their pocket!) :doh:
Ah never mind. At least they don't go into every forum to spread rumours about property prices to crash 50%, stock prices to fall 99% etc like the Mr B. :p
People who sold their properties and wait for price to correct will be really become impatient and panic if this comes true. Good for rental market. There is a thread on this posted yesterday. Know of someone who has done the same thing recently.
Wow! Asian market @ 10.40am:
Nikkei (http://www.bloomberg.com/apps/quote?ticker=NKY:IND)8,615.92 181.31 2.15% TOPIX (http://www.bloomberg.com/apps/quote?ticker=TPX:IND)742.01 13.55 1.86% Hang Seng (http://www.bloomberg.com/apps/quote?ticker=HSI:IND)18,949.60 960.26 5.34%
It seems to be a common strategy for people who have committed to an expensive property that will TOP 1-2 yearw down the road and worried about the current crisis that may become worst.
I also know a few. Told them not to be so confident of one-self judgement they don't believe. Now rental jacked up with every renewal and still won't buy because price much higher than what they sold for and still have to pay increasing RENT! (their pride is more important than their pocket!) :doh:
Ah never mind. At least they don't go into every forum to spread rumours about property prices to crash 50%, stock prices to fall 99% etc like the Mr B. :p
The only solution to their problem? Print Trillions of EUROs!
But Germans will object strongly! How?
Until they come to agreement, we will see roller coasters in stock markets, with some days falling 3-5%, and some days rising 3-5% per day!
When they finally decide to print Trillions of EUROs, and heralds the starts of the recovery of the economy, inflation will shoot through the roof! What better to hold at that time as a hedge against inflation? Answer is obvious!
The answer is the opposite of what Mr B is singing: property price will drop 50%!
The real answer is: Property price will rise 100%! :D
I reckon that the rally won't last too long until ECB monetize the euro sovereign debts. The central banks' move to cut dollar funding cost only gives a straw to those European banks to breath underwater. The banks can take a breath for now but not European countries
Only when the euro members come to an agreement to solve the debt issue the market can be stabilized
The only solution to their problem? Print Trillions of EUROs!
But Germans will object strongly! How?
Until they come to agreement, we will see roller coasters in stock markets, with some days falling 3-5%, and some days rising 3-5% per day!
When they finally decide to print Trillions of EUROs, and heralds the starts of the recovery of the economy, inflation will shoot through the roof! What better to hold at that time as a hedge against inflation? Answer is obvious!
The answer is the opposite of what Mr B is singing: property price will drop 50%!
The real answer is: Property price will rise 100%! :D
It is a myth that property is a hedge against inflation when inflation shoots through the roof
Is The Rally Real?
11/30/2011 15:29 -0500
Whether its non-confirming volumeless rallies in stocks, hard-to-find collateral, sovereign risk, counterparty risk, USD funding stress, GDP growth dislocations, EM credit dispersion. Today's obvious risk-on knee-jerk-response rally is perhaps not so broadly supported.
If you think this rally is sustainable, go & ahead & buy now....
Commercial break:
I recalled chancing upon a thread that mentioned basic's name, but I searched high and low and couldn't locate it. Then I tried to seach in threads that I have replied or posted and FINALLY found it.
Picture from here: http://forums.condosingapore.com/showthread.php?t=9065&page=3&highlight=primo
M curious, Is this basic the "basic" mentioned here?
devilplate
01-12-11, 09:57
It is a myth that property is a hedge against inflation when inflation shoots through the roof
its not a myth la....
however if HYPERINFLATION occurs, ppty px will also crash
Egan Jones Downgrades France From AA- To A; Negative Watch, Sees Debt/GDP Rising From 91% to 117% By 2013
11/30/2011 14:11 -0500
whatever print or rescue or ......debt will continue to raise in western world....Debt to GDP ratio will continue to up....
healthy? no problem? will continue to get funding easily?? can print forever without rate hike??.....
go & find out, FED cut 50 bp last night, after cutting this OIS spread level is still much higher than 2010 level....hahaha....
The only solution to their problem? Print Trillions of EUROs!
But Germans will object strongly! How?
Until they come to agreement, we will see roller coasters in stock markets, with some days falling 3-5%, and some days rising 3-5% per day!
When they finally decide to print Trillions of EUROs, and heralds the starts of the recovery of the economy, inflation will shoot through the roof! What better to hold at that time as a hedge against inflation? Answer is obvious!
The answer is the opposite of what Mr B is singing: property price will drop 50%!
The real answer is: Property price will rise 100%! :D
Wrong. If EU prints, carry trade will unwind. USD will strengthen. SGD weaken. SOR (interest rates) will soar. That's the end of the property bull run.
devilplate
01-12-11, 10:00
Commercial break:
I recalled chancing upon a thread that mentioned basic's name, but I searched high and low and couldn't locate it. Then I tried to seach in threads that I have replied or posted and FINALLY found it.
Picture from here: http://forums.condosingapore.com/showthread.php?t=9065&page=3&highlight=primo
M curious, Is this basic the "basic" mentioned here?
it get auto updated la....hehehe
devilplate
01-12-11, 10:02
Wrong. If EU prints, carry trade will unwind. USD will strengthen. SGD weaken. SOR (interest rates) will soar. That's the end of the property bull run.
yo long time no see!!!!
i was wondering how come u nvr support ur fellow bro Mr B till now
aiyo...just let SOR SOAR lor.....still got SIBOR wat.....whahahahaha
Trying to connect the dots on the situation in Europe….
November 30th, 2011
if you do that you will know is too big to rescue....
let wait for the show hands like lehman bros....
blackjack21trader
01-12-11, 10:04
this is the man for US next President.....instead of the human rubbish, obama...
Ron Paul Statement On The Fed's Bailout Of Europe
11/30/2011 13:04
From Ron Paul
Statement on the Fed's Continued Euro Bailout
The Fed's latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreeme...
WOAHAHAHAHAHAHAHAHAH
http://www.youtube.com/watch?v=NzkZE4eXwio
Who is using SOR for mortgage loan? :D
Almost every loan now is SIBOR, and US interest rate will not go up even if USD strengthen until US economy goes on a strong footing, may be 2016 onwards? That is a long way! At least we know SIBOR will remain low at about 0.4% until end of 2013!
Wrong. If EU prints, carry trade will unwind. USD will strengthen. SGD weaken. SOR (interest rates) will soar. That's the end of the property bull run.
中銀加按息
HK Mortgage rate is up today instead.....
more rate hike up....
Wrong. If EU prints, carry trade will unwind. USD will strengthen. SGD weaken. SOR (interest rates) will soar. That's the end of the property bull run.
But if we are on SIBOR, we should be safe..... Anyway banks have been taking away SOR for quite a while liao.... So most people can convert to SIBOR if they want
yo long time no see!!!!
i was wondering how come u nvr support ur fellow bro Mr B till now
aiyo...just let SOR SOAR lor.....still got SIBOR wat.....whahahahaha
LOL... I don't support anyone, just my unadulterated opinion.
SOR is just a small part of the equation! More important one in front :tongue3:
blackjack21trader
01-12-11, 10:11
Waiting for the next doomsayer SIGNAL article- ROUDINI from basic, before I punt in 100% of my remaining investment cash; to make another million like when I was a first year student in NUS back in the 1990s.
WOAHAHAHAHAHHAHAHHAHAH
关云神龙股侠。
NIL SINE LABORE!
Median income growth outstripped inflation as the employment rate rose to a new high, thanks to Singapore's tight labour market.
Even as dark clouds gather on the economic front, a report from the Ministry of Manpower (MOM) yesterday shows, among other positive signs for workers, record-high employment rates among older residents and women this year.
While the tight labour supply has been a challenge for employers, full-time resident workers have seen an 8.3 per cent jump in median monthly pay to $3,249, accelerating from growth of 2.5 per cent last year.
Wages grew at a fast enough clip to beat high inflation too, the Singapore Workforce 2011 report shows. After accounting for inflation, real median income still rose 3.1 per cent in 2011, following 2010's 0.3 per cent dip.
Income rise faster than inflation.... good news for sin properties.... basically dont rent or else dangerous.... buy a small unit to hedge, just in case property cheong again
blackjack21trader
01-12-11, 10:14
When I was in Victoria JC year 1 , I encountered this great doomsayer article . Man, this is neat, I thought to myself. I could punt and get a million$$$ just by reversing my stock bets against them. Their upstairs are all cranked up and wired inversely entangled like a pile of spagetti, and there are even people following their calls.
Ever wondered why Warren/ Ben/ Obama never even mention these doomsayers before ?
Not worth the time & energy.
WOAHAHAHAHHAHA
its not a myth la....
however if HYPERINFLATION occurs, ppty px will also crash
Doesn't "inflation shoots through the roof" mean "hyperinflation"?
Sim Lian tops bids for Bt Panjang site
It is expected to develop a retail and condo project on the leasehold site
By KALPANA RASHIWALA
A COMMERCIAL and residential site that will be integrated with three transportation nodes - the Bukit Panjang LRT and MRT stations and a bus interchange - attracted 10 bids at a state tender yesterday.
http://www.businesstimes.com.sg/mnt/media/image/launched/2011-12-01/krura1.jpg (javascript:openwindow('/local/picturepopup/0,4661,172296-60000,00.html?');)The top bid, from two Sim Lian entities, was for $805.26 per square foot of potential gross floor area, or 10.7 per cent higher than the second highest bid of $727.36 per square foot per plot ratio from two Keppel Land units.
The third highest bid, from a partnership between United Engineers unit UED Capital Venture and Singapore Press Holdings' Earth Holdings, was $679.65 psf ppr.
An analyst estimates that assuming Sim Lian is targeting an average selling price of $1,300 psf for the residential component, the valuation for the retail component (inclusive of a 15 per cent profit margin) would be $2,700 psf.
Wow now, Bedok residence look cheap lol....... Bukit Panjang to launch for 1300 psf? Faint....
Basically, I agree with Samsara, cannot be too extreme, must take middle ground, if cash out of property and it still cheong like this then how? Market must basically drop 50% before you will breakeven if you cash out 2 years ago.....
Then with rental payments etc.......:banghead:
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