View Full Version : Property price is coming down fast
proud owner
22-12-11, 07:19
How to gauge the inflow n outflow of expats?
confirmed got one left and never came back ... the NZ options broker who beat up the cabby
Ur income so low meh?
moron, can't read.....
devilplate
22-12-11, 07:32
moron, can't read.....
Curse n swear vy shiok
Japan is on the verge of being unable to service its huge debt.
December 21st, 2011
Chris Martenson: Is this 2008 all over again? No, it’s worse. Much worse.
December 21st, 2011
Japan sure is coming.....spore on the way....
definitely is much worse than 2008.....
devilplate
22-12-11, 07:33
How come yen so strong?
Curse n swear vy shiok
then don't talk nonsense....
How come yen so strong?
already down from 75 to 78 in last 1.5 month....down 4%....
Yen is on the way to go back to above 100.....
devilplate
22-12-11, 07:49
then don't talk nonsense....
Did i?
So hot tempered?
phantom_opera
22-12-11, 08:02
http://www.singstat.gov.sg/images/charts/chart1.gif
according to garmen 300k residents stay in private prop, about 10%, 1mio stays in 5r hdb or exec
devilplate
22-12-11, 08:16
already down from 75 to 78 in last 1.5 month....down 4%....
Yen is on the way to go back to above 100.....
U mean market only realise jap debt problem 1.5 mths ago?
WARNING: 2012 could be MUCH worse than 2008
December 21st, 2011
ECB loan stampede spooks global markets
December 21st, 2011
last night ECB action to loan banks just to show how serious is Europe banks problem......
Euro will stay below $1.2 in most of the time next yr.....stock market will follow Euro to plunge.....how low will STI go if Euro tumble big way next yr......
devilplate
22-12-11, 08:55
ECB dun lend.....say EU burst
ECB lend....aso say burst.....
thomastansb
22-12-11, 09:12
Every year, there are so many people who say market sure jia lat or market sure chiong. Only after 10 years, they look back and say "oh ya, I am wrong". Look at STI or Dow. Over 30 years, it is either up or down.
ECB dun lend.....say EU burst
ECB lend....aso say burst.....
Did S&P Just Telegraph An Imminent French Downgrade?
12/21/2011
EFSF LENDING CAPACITY MAY DROP TO EU293 BLN, CULLINAN SAYS
EURO RESCUE FUND'S CAPACITY MAY FALL BY A THIRD, CULLINAN SAYS
EURO RESCUE FUND MAY SHRINK ON FRANCE DOWNGRADE, CULLINAN SAYS
S&P SOVEREIGN RATINGS DIRECTOR CULLINAN COMMENTS IN E-MAIL
Simon Black: YOUR BANK IS NOT SAFE
December 21st, 2011
because no money to pay DEBT.....almost all banks are in trouble....
ECB dun lend.....say EU burst
ECB lend....aso say burst.....
anyhow shout....
go ahead & buy stock & property now, cheaper than few months back....
hold tight tight foe few yrs.....
then see burst or not.....
devilplate
22-12-11, 09:22
anyhow shout....
go ahead & buy stock & property now, cheaper than few months back....
hold tight tight foe few yrs.....
then see burst or not.....
duno who anyhow shout?
Every year, there are so many people who say market sure jia lat or market sure chiong. Only after 10 years, they look back and say "oh ya, I am wrong". Look at STI or Dow. Over 30 years, it is either up or down.
I don't know about so many people....
you earn 10x not enough for you to lose 1x.....
this is why >90% of investors lost money eventually.....
duno who anyhow shout?
you.........
Demand backlog. Now era of clearing demand backlog. As long as no negative SPR and low interest rate environment everything's cool. When negative SPR and interest shoot up to 3, better run?
scared is long period of low interest.. finally go up very hiong.. like 12% in 1980..
scared is long period of low interest.. finally go up very hiong.. like 12% in 1980..
spore mortgage loan in 1980 is 20%....not 12%....
spore mortgage loan in 1980 is 20%....not 12%....
Saving rate will be 5%, great news for savers.
Pathetic rate on deposit now. 0.3% for UOB ac
Anyone got lobangs for higher rates for deposits?
i see the pr dropped as a good thing
don't approved them, let them be a tenant forever...
If Europe is Cured, Why are Central Banks Preparing for its Collapse?
December 21st, 2011
This Is How Much Money The Eurozone And Its Banks Need To Stay Afloat Next Year
December 21st, 2011
sure not enough for next yr......why forever not enough.....because no business & profit....can only Ponzi to rollover DEBT.....getting bigger & bigger....
next is paying back or bankrupt....
devilplate
22-12-11, 10:57
scared is long period of low interest.. finally go up very hiong.. like 12% in 1980..
gd wat....den FD can get 10%!!!! no nid to work nor invest.....keep cash will do
wahahahaha
Just Like 2008: If A Global Recession Is Not Looming, Then Why Are Bailouts Flying Around As If The End Of The World Is Coming?
December 21st, 2011
Zen Gardner: The Globalist problem is that eventually, everyone is going to find and plug into the truth
December 21st, 2011
from stock & other market we can know, globally is still in desperate & panic, same to STI, HSI, SSE, Spore or HK......
everyone is very worry of meltdown.....even Ponzi or borrow or...they try so hard to support now.....but....
due to DEBT is too huge, they just want to keep rolling....but end is here....
devilplate
22-12-11, 10:59
spore mortgage loan in 1980 is 20%....not 12%....
largi bestest
den FD can get 15%+??
den my banana notes becomes so useful?
but the catch is.....coupled wif 50% hyperinflation? ALL DIEEEEEEEEEE
devilplate
22-12-11, 11:00
spore mortgage loan in 1980 is 20%....not 12%....
tats y many old folks keep their $$$$ in FD instead of buy ppty
when int rate goes lower.....they tot can rebound back........miss the boat of ppty again and again
devilplate
22-12-11, 11:02
Saving rate will be 5%, great news for savers.
Pathetic rate on deposit now. 0.3% for UOB ac
Anyone got lobangs for higher rates for deposits?
change some to ringgit la....
maybank msia got 200k insurance wor.....;)
My bankers are very quiet these days. Not sure if they are still around.
tats y many old folks keep their $$$$ in FD instead of buy ppty
when int rate goes lower.....they tot can rebound back........miss the boat of ppty again and again
brush up your skill & knowledge, no need whole life miss this & that.....& say it over & over again....
devilplate
22-12-11, 11:08
brush up your skill & knowledge, no need whole life miss this & that.....& say it over & over again....
sorry hor...i am not old folk :p
My bankers are very quiet these days. Not sure if they are still around.
banks know loan out easy now, collect back in future very difficult.....they restrict now....
look at bank stock now, you know....no upside, downside a lot....
many banks already started retrenchment & unpaid leave.....
next yr worse....
devilplate
22-12-11, 11:23
banks know loan out easy now, collect back in future very difficult
sure anot???
how come my bankers keep asking me to borrow???? keep telling me int rate LOW LOW.....
Guess they do not know what to invest now given the volatility.
banks know loan out easy now, collect back in future very difficult.....they restrict now....
look at bank stock now, you know....no upside, downside a lot....
many banks already started retrenchment & unpaid leave.....
next yr worse....
change some to ringgit la....
maybank msia got 200k insurance wor.....;)
few yrs ago, i tried to open an account but rejected.
Singaporean cannot open unless got work permit or business in Malaysia.
Not sure if rule got changed.:confused:
sure anot???
how come my bankers keep asking me to borrow???? keep telling me int rate LOW LOW.....
Me too, so many FT telemarketer calling like no end.
Nuisance :confused:
sure anot???
how come my bankers keep asking me to borrow???? keep telling me int rate LOW LOW.....
you like to shout...then take & buy whatever you like....
devilplate
22-12-11, 11:35
few yrs ago, i tried to open an account but rejected.
Singaporean cannot open unless got work permit or business in Malaysia.
Not sure if rule got changed.:confused:
huh....try maybank at citysq or the one at johor premium outlet
devilplate
22-12-11, 11:36
you like to shout...then take & buy whatever you like....
"I am watching you" :D
社保傳注百億A股照跌
格羅斯基金料走資280億
SSE down another 1% this morning to 2150....
stock market these days is very quiet, no volume....retailers is out, only trader & funds try to sustain.....
value keep dropping.....sentiment is very weak.....
Good that I have sold off my contra stocks yesterday.:D
社保傳注百億A股照跌
格羅斯基金料走資280億
SSE down another 1% this morning to 2150....
stock market these days is very quiet, no volume....retailers is out, only trader & funds try to sustain.....
value keep dropping.....sentiment is very weak.....
many blue chips already down >50% in last 12 months.....Kepland, NOL, Cosco, Wing Tai, YZJ, Noble, IndoAgri, Capitaland, Yanlord, HL Asia, Ho bee, Swiber......
Those S shares & penny, many already down> 80% in last 12 months....
It will continiue to drift down till almost nothing.....
why?? business is real bad.....all the big blue will be down >50% soon....
Taibbi comes out swinging and says that Obama & Geithner are “acting like Lehman or Enron executives before Lehman collapsed,” and that Obama & Geithner are lying about the financial and banking sector massive fraud pandemic in order to try and maintain what’s left of whatever confidence some imbeciles apparently still have in the system.
December 22nd, 2011
Highly-respected constitutional lawyer: Obama is completely out of control – “He can have any American citizen killed without any charge, without any review, except his own…”
December 21st, 2011
these 2 human rubbish....are real rubbish....
Retail Investors Pull $132 Billion From Domestic Equity Funds In 2011, 33 Of 34 Sequential Weeks Of Outflows
12/21/2011
Home sale numbers hint at recovery, as new figures show housing crisis was MUCH WORSE than originally thought
December 21st, 2011
market is sooooo quiet these days.....unload & distribution also difficult....
all the fake data to push also no use.....
huh....try maybank at citysq or the one at johor premium outlet
u open oredi ?
devilplate
22-12-11, 14:10
u open oredi ?
I long time haf oredi
Recently change some ringgit liao....3% fd nia leh....where is ur 7%? U mean govt bond for their citizens isit?
I long time haf oredi
Recently change some ringgit liao....3% fd nia leh....where is ur 7%? U mean govt bond for their citizens isit?
not really leh, i see every mth got 7 maybe they reduce at the end of the year to even out , i guess ...
how much is the RM now ?
US foreclosures jump 21% in Q3, fall 11.8% from Q3 2010
It’s Official: US Debt-To-GDP Passes 100%
December 21st, 2011
US DEBT climbs forever....keep moving up.....
same to foreclose.....more & more lost their home....
Go north !!
KUALA LUMPUR: Despite the uncertainties in the global economy, the banking sector will continue to perform well next year, said AmBank Group chairman Tan Sri Azman Hashim. However, he said that Asian countries might still be affected slightly by the eurozone and US crises although they had been doing well. “For Malaysia, we expect a slower growth next year compared with this year, but even then it would still be around 5%,” Azman said.
NY Times Projects Ron Paul As Clear Favorite To Win Iowa
December 21st, 2011
Will Government confiscate your golds?
December 21st, 2011
all in a mess.....
Most American’s Still Have No Idea How Bad the U.S. Economy Is
December 21st, 2011
汕頭暴動升級
chinese also getting violence....next yr when GDP down to below 6%, unrest & riot....
during the dot com crisis, it is at industry level, during the financial lehman crisis, it is banking sector which affect everyone who take loans, and now the euro crisis, we are talking about government level.
What we are seeing now is only the tip of the ice berg, with USA economy crawling, and Euro crumbling, lets not kid ourselves that this crisis is not going to as bad as the last.
Like in any crisis, the government will always try to sugarcoat it as long there is a new initiative, however when the heat reach a sugar melting point, that is where all hell will break lose.
万科广州部分房源降价幅超20% 引发降价潮？
________________________________________
2011年12月22日
广州楼价扛不住 三楼盘降价吸引买家
________________________________________
2011年12月20日
Vanke, biggest developer in China, cut price 20% in Guangzhou to sell....
another 3 projects in Guangzhou cut price 30%....
yet many still cannot find buyers.....buyers know price will drop further......
more drop next yr......
during the dot com crisis, it is at industry level, during the financial lehman crisis, it is banking sector which affect everyone who take loans, and now the euro crisis, we are talking about government level.
What we are seeing now is only the tip of the ice berg, with USA economy crawling, and Euro crumbling, lets not kid ourselves that this crisis is not going to as bad as the last.
Like in any crisis, the government will always try to sugarcoat it as long there is a new initiative, however when the heat reach a sugar melting point, that is where all hell will break lose.
and you still think that the site next to Jurong East MRT to be released by URA can launched at 1700psf?
和黄否认400亿投成都楼市
2011-12-22
一线城市出现标志性降价 2012为十年最“冷”
________________________________________
2011年12月21日
even Li KaShing need to tell lies now.....try to boost market, shouted last week, now see situation not right, denied.......
next yr will be even worse....better dump fast at lower price.....
and you still think that the site next to Jurong East MRT to be released by URA can launched at 1700psf?
really depends on when the developer is going to launch the project. if it is 2013, i dont see why it wont be possible.
for 2012, just be prepared.
really depends on when the developer is going to launch the project. if it is 2013, i dont see why it wont be possible.
for 2012, just be prepared.
So the crisis is only for 1 year and after that everything back to good old days?
Allthepies
22-12-11, 17:53
buyers say crash sellers say cheong, we can argue until the server runs out of space and still both camps will stick to their views.
So the crisis is only for 1 year and after that everything back to good old days?
That is what I am anticipating because this crisis is trigger by problems in Europe and USA instead of Asia, so I would expect that consolidated effort from governments around the world wont take more than a year to fix the problem or should I say push back the problem
Having said that, we will still have to be careful about the social unrest in Asia, if the impact of the crisis hit the poor too hard.
phantom_opera
22-12-11, 17:55
2012 will be a good year if:
1. China soft landing and grows at 8%
2. US continue to limp along
4. Greece/Italian/Spain garmen bond yield come down to sustainable level
buyers say crash sellers say cheong, we can argue until the server runs out of space and still both camps will stick to their views.
actually you are wrong, the sellers are actually the one who are more worried about crash, while the buyers are looking for reasons it will cheong.
Archipelago, a 577-unit residential development at Bedok Reservoir, which was launched last week, is underperforming due to the latest property cooling measures, according to Singapore Business Review.
In a report, OCBC revealed that the project’s foreign and PR (permanent resident) markets, which comprise over 20 percent of its total buyers, are now burdened with the additional stamp duty.
“Its (UOL's) 577-unit residential project at Bedok Reservoir, Archipelago, was launched for sales in the first week of Dec 11 and has sold over 100 units to date at an average selling price of S$1,000 psf. The pace of sales and price levels came in somewhat below expectations,” said OCBC.
“Over 20 percent of buyers so far were reportedly foreigners and PRs; recent measures imposing additional buyer stamp duties would likely impact sales. We pare our ASPs assumptions and reflect this in a lower fair value estimate.”
However, OCBC remains optimistic for the company, due to its solid management team and forward planning to deal with the 2012 slowdown.
“We continue to prefer UOL due to its limited domestic residential exposure, which would shelter it against residential uncertainty ahead,” it noted.
That is what I am anticipating because this crisis is trigger by problems in Europe and USA instead of Asia, so I would expect that consolidated effort from governments around the world wont take more than a year to fix the problem or should I say push back the problem
Having said that, we will still have to be careful about the social unrest in Asia, if the impact of the crisis hit the poor too hard.
those hope will be caught this time.....
Jim Rogers’ 2012 Global Outlook
December 22nd, 2011
I’m not too optimistic about what’s going to be happening in the world in the next two or three years, and maybe even longer. We have serious problems in the United States. You know, in 2002 we had an economic slowdown, 2008 was even worse because the debt was so much higher. The next time around the debt is going to be staggeringly higher. So, the problems are going to continue to get worse until somebody solves the basic underlying problem of too much spending and too much debt.
Europe too....Asia too...globally....
pay back...deleveraged..de-globalised....
人行拒放水 滬綜4連跌
資金短缺 拆息高企
China credit is tight, overnight rate is climbing high....
those buy stock based on hope of cutting reserved rate will be disappointed...
外資囤萬六億恐流走
撤資勢引發緊縮
HK is very worry of fund outflow...but already started now...
once above fund flow out, Spore too, the whole economy will sink badly....
time will come as property already in bubble....no other investment here worth for now.....
CASH, PLEASE: IMF urges members to boost funding
December 22nd, 2011
WARNING: By One Measure, Q4 Earnings Season Is Shaping Up To Be The Worst In 10 Years
December 22nd, 2011
IMF shouted so much, actually no money....all country already broke, who still have money to donate to them, not even china.....
all the fake data, let wait for Q4 earning result.....
半壹三年損手逾400萬
樓市前景不明朗，連過往被看高一線的豪宅市場，亦有業主「止血」離場。何文田半山壹號有○八年入市的投資者 ，剛以2,150萬元沽貨，不但較之前意向價低逾17%，期內帳面蝕逾400萬.
畢峰降價百萬易手
二手殘半新盤遭殃
二手樓價掉頭回落，部分近一、兩年入市新盤的買家亦要輸錢
HK property price drop more & more.....
those bought in last 2 yrs, mostly lost money now....
Oversight To The $600 Trillion Derivatives Market; Did Financial “Regulators” Just Let Us Down Again?
December 22nd, 2011
JACK BOGLE: “Our markets have gone crazy, and there is 200 times as much speculation as there is investing”
December 22nd, 2011
all these derivative of US$600 trillion will deleravage in next few yrs.....this will burst all bubble in the world today....
too many speculation, short term, all will just force to unwind....
Violent Riots In Southern China Force Authorities To Halt Construction On Power Plant
December 22nd, 2011
China warns EU of carbon tax ‘trade war’
December 22nd, 2011
china has good chance for wider unrest & riots in next 2 yrs......
WHO cares about all these now as usual? CM5 at local scene seems to have less impact on new launch, expect those out of city to be at high launch price....:p as singkies still rushing to snap those new launch at record high esp near amenities...BRAvo :p to new launch...deadmeat to resale :o
Paulson Flagship Fund Loses More Than Half Of AUM In 2011
12/22/2011
David Rosenberg Explains Why The Q4 US Economic "Decoupling" Is Over
12/22/2011
mostly funds lost money this yr.....
all coming to end very soon......
外行资金逃离地产
2011-12-21
房价下行趋势明显 房企将加快资金回笼
2012年房地产市场将呈下行趋势
2011-12-20
funds flowing out of Asia & Spore.....
dump property to raise funds....next yr property will down in much faster speed.....
CS Global Risk Appetite Signals Risk-Off As Sentiment Stays In ‘Panic’ Mode
December 22nd, 2011
French Banks Won’t Be Able To Handle Inevitable Italian Restructuring
December 22nd, 2011
under such stressful situation, market keep wanting to move higher....in real desperate & panic mode now...just wait for the collapse to come.....
PIIGS will be back again soon.....
France is gloomiest country on economy (http://www.reuters.com/article/2011/12/23/us-france-poll-idUSTRE7BM07Y20111223) in 33 years
100,000 Californians face jobless aid cutoff… EDD says that if Congress doesn’t act in the next 10 days, 1.1 million Californians now on unemployment ultimately could see their benefits cut
December 22nd, 2011
bad situation, nobody care....keep pushing to ensure don't fall....once fall is very scary......
“入市恐惧”笼罩年末上海楼市
________________________________________
2011年12月23日
年底京城楼市降价风愈演愈烈
________________________________________
2011年12月23日
no buyers...all know market will drop further.....
2-3 yrs from now down>50% is really nothing....
after 1996/7 downtrend, you only see price come back after 15 yrs....this time is even longer....
“入市恐惧”笼罩年末上海楼市
________________________________________
2011年12月23日
年底京城楼市降价风愈演愈烈
________________________________________
2011年12月23日
no buyers...all know market will drop further.....
2-3 yrs from now down>50% is really nothing....
after 1996/7 downtrend, you only see price come back after 15 yrs....this time is even longer....
WAH WORDS BIG BIG! WORDS BIG BIG!
OMG!!! MORE BIG WORDS! MORE BIG WORDS!
WAH MORE REPORTS AND COMMENTS AND MORE REPORTS!!!
Prices still about the same.
Economists: Fed won't raise rates until 2012
By Chris Isidore, senior writerDecember 23, 2010: 3:34 PM ET
NEW YORK (CNNMoney.com) -- Economists are evenly split on whether the Federal Reserve's current policies are helping the economy. But they're in agreement on one point -- the Fed won't be raising interest rates anytime soon.
A CNNMoney.com exclusive survey showed that economists expect the Fed funds rate -- the central bank's key overnight interest rate used as a benchmark for a wide range of loans -- to remain near 0% for at least another year.
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Only seven out of 25 participants are forecasting a rate hike in the next twelve months, and most of those expect it to come in the final three months of 2011. Another nine expect the next rate increase to come in the first quarter of 2012, while eight more are expecting a hike later that year.
Just one economist, John Ryding of RDQ Economics, predicts that the Fed will keep rates near zero all the way into 2013. He believes unemployment will stay above 8% until the following year, prompting the Fed to keep rates low.
Persistently high unemployment is one reason the economists think rates will remain low. While their forecasts for growth are improving, unemployment is expected to stay at about 9% through the end of 2011. But low inflation pressures will also allow the Fed to keep the low rates in place. The economists believe prices will rise only 1.7% over the next 12 months.
See more survey results
The Fed cut the fed funds rate to near 0% for the first time in its history in December 2008 in response to the economic meltdown. Since lowering rates is the typical tool the central bank uses to spur economic growth, it has had to find other means to encourage growth since then.
In November of this year, the Fed announced a plan to buy $600 billion more in long-term Treasuries to try and spur growth. The move prompted widespread attacks from critics who believe the Fed risks devaluing the dollar, a return of high inflation and creating asset bubbles.
But the survey showed disagreement among the economists, with 12 out of 25 expecting no significant economic impact from the Fed's controversial policy.
Another 11 believed the policy would boost growth, although two of those said it would be at the price of high inflation.
But even some of those who expect the Fed's policy to work still have their doubts about the move.
"Growth ... is likely to be later than we hope -- in the second half of 2011 and into 2012," said David Berson of PMI Group. "Unfortunately, we won't need the boost then."
Almost all the economists think the Fed's current plan will run its course, as 22 of the 25 expect the central bank to purchase the full $600 billion in Treasuries. Just two economists surveyed predict that the Fed will pull the plug early, although a third believes that it should.
And despite some ambiguous comments from Fed Chairman Ben Bernanke on 60 Minutes earlier this month, the economists don't expect another round of purchases after this one, with only one predicting that outcome.*
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S&P: Banks downgrade threat remains despite ECB funds
By Marc Jones
FRANKFURT | Fri Dec 23, 2011 9:00am EST
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By Marc Jones
FRANKFURT (Reuters) - The half a trillion euros the European Central Bank pumped into the financial system buys hard-hit banks valuable time but will not in itself protect them from threatened rating downgrades, one of Standard and Poor's top executives said.
The ratings firm put almost the entire euro zone and some of its biggest banks, including Deutsche Bank, BNP Paribas, Societe Generale and UniCredit, on a downgrade warning this month.
In a telephone interview with Reuters on Friday, S&P's Managing Director of its Financial Institutions division, Scott Bugie, said this week's unprecedented injection of three-year loans by the ECB was a positive step.
But it would not solve the banks' key problem of carrying too much debt.
"The move in itself will not lead to any improvement in (banks') credit ratings," Bugie said.
"The operation is a big deal. It's half a trillion euros of three-year money at an ultra-low rate. It is not solving the fundamental issues though... It's kicking the can a long way down the road rather than just a little bit but in the end it is still kicking the big old can down the road."
While the ECB remains heavily reluctant to ramp up its purchases of troubled euro zone states' debt - a move many economists feel may be the only way to get to grips with the region's crisis - it has underscored its readiness to provide limitless funding to ensure banks do not go under.
Bugie said this week's move showed the ECB was committed to solving the crisis, and although it pushed the potentially problematic interlinkage between debt-laden banks and sovereigns to new levels, it provided some much needed breathing space.
"The ECB action doesn't change the fundamental picture but it does buy valuable time and it will be taken into account when we do our analysis to resolve the creditwatch actions.
"It deepens the symbiosis between the sovereigns and the banks, the passing of the risk back and forth. It also adds to the big question of how the governments and the central banks will exit."
S&P is not expected to release its eagerly awaited verdict until January on debt ratings for the 15 euro zone countries it placed on review, two independent European government sources told Reuters on Friday.
With the rating agency also currently having over half of Europe's banks on a negative outlook and many of those on what it calls its 'watch negative', meaning a near-term downgrade is likely, Bugie added that 2012 was set to be a turbulent year.
"We are looking for a rough ride in 2012, the first quarter will be very tough."
"For Italy it will really be a test (due to big sovereign issuance due)," he said.
(Reporting by Marc Jones; Editing by John Stonestreet)
23 December 2011 Last updated at 14:18 GMT Share this pageFacebookTwitterEmailPrint
US consumer spending figures disappoint
US shoppers are holding back
Continue reading the main story
US Economy
How did the US debt get so bad?
US: From boom to bust explained Watch
Could US stagnate like Japan?
US durable goods orders jump 3.8%
Consumer spending in the US rose by less than expected in November, according to official figures.
Spending rose by 0.1% from October, according to the data from the US Commerce Department.
Incomes also rose by just 0.1%, the smallest rise in personal incomes since August and also worse than predicted.
The disappointing data comes after some positive news for the US economy. Orders for durable goods, from cars to planes, were up 3.8% in October.
However the spending figures are closely watched by economists as it makes up about 70% of US economic activity.
"It's suggesting some softness in the consumer sector," said Scott Brown from Raymond James financial advisers.
"We are not in a recession, but growth is not especially strong either. We did get the extension on the payroll tax cut, which is going to help the consumer outlook."
Joblessness has affected consumer income this year, but the US unemployment rate dropped to 8.6% in November, its lowest rate in two-and-a-half years, according to Labor Department figures released earlier this month.
The Labor Department released figures on Thursday that showed a fall in weekly unemployment benefit claims.
Initial claims for state benefits dropped by 4,000 to a seasonally adjusted 364,000 - the lowest level since April 2008.
23 December 2011 Last updated at 08:34 GMT Share this pageEmailPrint
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French economic growth revised down
France's credit rating has been placed on negative outlook
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French economic output grew by 0.3% in the three months to the end of September, lower than the previous estimate of 0.4%.
Household disposable income, or the cash that consumers have to spend, "markedly decelerated", said France's Insee statistics body.
Last week, France saw its AAA credit rating placed on negative outlook by rating agency Fitch.
A negative outlook usually means a downgrade is possible in 12-18 months.
Fitch said the change in outlook was prompted by the heightened risk of government liabilities arising from the eurozone's debt crisis.
France introduced an 65bn euro ($85bn; £54bn) austerity plan in November.
Guys, this has been on my mind for a while and as much as it looks bearish now, I don't think the world will collapse anytime soon, instead probably 20-30 years later. Western civilization is reaching it's peak but there is still time before the game is over with widespread social unrest due to inequality and income disparity. Likely to come from China, as it's the most populous and it's people are known to revolt and also have infighting when it becomes the strongest power in the world.
The collapse of the Western civilization will lead to a new government that will standardize a single currency and efforts will be made to build new technologies to enable colonization of other planets due to massive pollution on earth.
Reason why it won't collapse because China is still in the game. The end game will come when China reach it's western civilization peak and we know that debt will never be repaid. That is the end game, when capitalism fails and Marxist theory and Bertrand Russell idea of one single government will come into play. In short, we will become like ants and act for the greater good of all mankind's survival.
Guys, this has been on my mind for a while and as much as it looks bearish now, I don't think the world will collapse anytime soon, instead probably 20-30 years later. Western civilization is reaching it's peak but there is still time before the game is over with widespread social unrest due to inequality and income disparity. Likely to come from China, as it's the most populous and it's people are known to revolt and also have infighting when it becomes the strongest power in the world.
The collapse of the Western civilization will lead to a new government that will standardize a single currency and efforts will be made to build new technologies to enable colonization of other planets due to massive pollution on earth.
Reason why it won't collapse because China is still in the game. The end game will come when China reach it's western civilization peak and we know that debt will never be repaid. That is the end game, when capitalism fails and Marxist theory and Bertrand Russell idea of one single government will come into play. In short, we will become like ants and act for the greater good of all mankind's survival.
:doh: :scared-4: :tongue3:
This is so NOT going to happen. To see why, look no further than the DPRK.
Failure of capitalism? Check.
Marxist? Check.
One government? Check.
People acting like ant? Check.
Not even the PAP can make the floods subside and the trains run on time, let alone a centrally-managed communist state apparatus. The Chinese in Wukan are pushing back on Beijing. Who knows who else will follow suit?
But you know what? Your original premise is right. The world is NOT going to collapse. And here's why...
http://www.youtube.com/watch?v=R8y6DJAeolo
:doh: :scared-4: :tongue3:
This is so NOT going to happen. To see why, look no further than the DPRK.
Failure of capitalism? Check.
Marxist? Check.
One government? Check.
People acting like ant? Check.
Not even the PAP can make the floods subside and the trains run on time, let alone a centrally-managed communist state apparatus. The Chinese in Wukan are pushing back on Beijing. Who knows who else will follow suit?
But you know what? Your original premise is right. The world is NOT going to collapse. And here's why...
http://www.youtube.com/watch?v=R8y6DJAeolo
You call DPRK a failure? They are smart! They know the fallacy of capitalism is built around currencies that government can freely print. As long as DPRK hold the capitalistic country hostage, they will survive. Even at this point, countries mention that they are willing to talk and make friends with the new successor. Just because it doesn't have human rights? Look at India, consumer goods that are found around the world are manufactured by child labour in India.
My point is the idea of extending loans are in the basis that they can be repaid, but when they repayment period becomes indefinite and repayment impossible because profitable states will wane too. The whole capitalistic system which was designed for businesses or stages to fail doesn't allow failure, which will lead to the end of capitalism because we all fear the repercussions. This will persists until the poor masses realize that they are exploited and rebel. The realization has only started now as this is the age of Aquarius but it will take time to reach the full blown stage. Capitalism will fail if China take the path like US and Europe to print incessant amount of money to solve it's problems.
However, having said that, the Chinese are damn smart by using the system against the west, I.e. Use their trade surplus to buy raw materials companies. The future game is the control of raw materials.
Due to the proliferation of information, it is easier for cell groups to collectively act together to challenge the authorities. This eventually will happen when even the poorest person on earth has a device that connects him to the virtual world.
Less Than 500 New Homes Sold In Over $750,000 Bracket For 4th Month In A Row
12/23/2011
The NAR Just Made The Mother Of All Data Revisions… November Home Sales Miss Sharply
December 21st, 2011
all data are so fake these days...from housing to employment to Dow to GDP to....everything....
just show that they are real desperate....
only coward cannot face reality....lowest class of human....
interest rate is 1 best example....hike rate, tough condition, but human can overcome it, fight, innovate, creative.....but we lose all these good quality of human now....we can't do everything, except, print to survive.....no more will, passion....only sit & hope to drop from sky.....
bernanke & obama....2 bas.tards human.....ruin the world yet nobody kill them...this world is gone case....
& all the rubbish cheer & follow them, include our govt......
Gonzalo Lira: The European Central Bank Loses Its Virginity
December 23rd, 2011
So yesterday, the European Central Bank (ECB) doled out €489 ($639) billion in loans to the European banking sector.
Why’d they do it? ‘Cause Europe’s banks are broke.
Morgan Stanley On Why 2012 Will Be The "Payback" For Three Years Of "Miracles" And A US Earnings Recession
12/23/2011
no need to responsible for broke....irresponsible for any wrongdoing...just print....
since govt do it, then why should we responsible to anything? just rape, kill, rob, discredit, dishonest......this is the society today....
pay back time is here.....
“It is no coincidence that the century of total war coincided with the century of central banking.” – Ron Paul, End the Fed
December 23rd, 2011
WARNING: We are rapidly approaching another financial crisis that may end up being even worse than the horrific crash of 2008.
December 23rd, 2011
end FED Reserved....sure....go go go Ron Paul.....
financial crisis coming....
Good News: 2012 is not the end of the world. We still have a long time to work and play.
Mr. Basic,
I enjoy your posting. It took times to collect so much info about the dark side. :p
My Captain,
I share your views. Myself went through revolution and some kind of civil war. There is always a bright side.
Fellow forumers,
I lost money on Unit trust and stock. But property investment recovered all the loss. So it is still the best tool for busy people. Let's hope for the best and ready for the worst.
Morgan Stanley: Eight major risks for stocks in 2012
December 23rd, 2011
UK service sector shrinks as it heads back into recession:
December 23rd, 2011
Europe, US, Japan....the more they print, their property crash harder....real unemployment shoot to sky....
yet print money need to pay back wan.....borrow no need to pay bacK??.....
time is here.....all will default, bankrupt 1 by 1 later....
European Debt Is 'Obviously Unserviceable'
Fri, Dec 23, 2011
Europe To Remain Problematic For Stocks In 2012
Fri, Dec 23, 2011
亞洲走資廿年來最勁
Europe will sink again soon....
Asia too, compared Dow to STI, SSE, HSI....youn know what is happening....more to come....
Hi Basic
Wishing you a great christmas. May the dragon year take away
all pessimism from you and fill your mind with all optimism.
Forget about property on Christmas day and go enjoy the flier and see the future of Singapore from the top of MBS sky park. Have a cup of red wine. "Tomorrow will be better":cheers1:
foreigner buy property today, pay 13% stamp + 16%SSD + 10% S$ depreciation + legal+commission+admin+Misc=40+%.....
that means if you buy S$5Mil now, sell in next 12 months, lose S$2mil+....which fools will buy....
same to sporean, remove some %, still need to lose big if buy property now....
price is definitely going down, who will buy a downtrend....
those bought in last few months, price already drop 10-20% compared to few months back.....if kena retrenched now or business failure or stock margin call or MF Global or default by European companies or.....later more run road due to global debt worsen.....more people will lose big in business, jobs, stock, investment...need to dump their property at quiet & no transaction market.....
don't buy now, hold till all weak holders & overlevaraged to force sell or auction their units, too bad, this is the name of the game......
who will buy ILLIQUID property under global super uncertainty now?? what will happen next week or month? country or banks bankrupt anytime....
Funds are flowing out of Asia, look at Dow & SSE, STI, HSI....you will know....look at S$ down from $1.2 to $1.3 you know what is happening, more will come...the more S$ weaken, the higher the inflation, Spore govt will not want it to happen, but you think Spore govt can push S$ back to $1.2?? you think they have the money to buy back all S$?? don't trust those bullshyt of weak S$ good for export, export to who now??......
interest rate is low, but buy property now you will lose 100x more....be prudent, unless you are a real good trader....
Hi Basic
Wishing you a great christmas. May the dragon year take away
all pessimism from you and fill your mind with all optimism.
Forget about property on Christmas day and go enjoy the flier and see the future of Singapore from the top of MBS sky park. Have a cup of red wine. "Tomorrow will be better":cheers1:
thanks, 3C....
time to buy...buy or long....
time to sell...sell or short....
this is market...optimistic or perssimistic is towards market...nothing personal....
as I always said, build up your skill & knowledge, under any circumstances, you will survive well.....don't rely on printed $$ of govt, all will get killed eventually....
whether in MBS sky park, or facing paris tower or NY wall st or London or HK peak or.....we can always do it but with right view of what is coming in next 1 month, 1 yr, 5 yrs, 10 yrs......
Mr B is Mr Yang in CNA forum
http://forum.channelnewsasia.com/showthread.php?12782-Looks-like-property-market-is-gonna-crash-liao../page256
so, same posting just copy to another forum....but different name
LOLOL
Mr B is Mr Yang in CNA forum
http://forum.channelnewsasia.com/showthread.php?12782-Looks-like-property-market-is-gonna-crash-liao../page256
so, same posting just copy to another forum....but different name
LOLOL
moron.........
FINALLY, SOME EXCELLENT INVESTMENT ADVICE: Don’t Play The Losers’ Game
December 24th, 2011
this is the norm.....
標普快出手 歐元險守1.3
S&P going to show hand in Europe soon....
Alan Shearer
25-12-11, 10:08
Basic supreme pessimist so can never succeed in anything.
:tongue-fingers:
Take it easy in 2012.
Everything will slow but not end the world yet.
When we are mentally prepared, the worst will be mitigated.
It's all about perceptions and expectations.
Collapse of capitalism will only arrive not when Europe, US, China crash but when China government loses control of its people due to debt issues. This will happen if China doesn't learn from the West mistakes.
Anyway, that's another 20 years from now even if it does happen.
Aren't you all tired yet???? I am tired of this thread long time ago.... basic kudos to you man..... Well done!!!!!
foreigner buy property today, pay 13% stamp + 16%SSD + 10% S$ depreciation + legal+commission+admin+Misc=40+%.....
that means if you buy S$5Mil now, sell in next 12 months, lose S$2mil+....which fools will buy....
same to sporean, remove some %, still need to lose big if buy property now....
price is definitely going down, who will buy a downtrend....
those bought in last few months, price already drop 10-20% compared to few months back.....if kena retrenched now or business failure or stock margin call or MF Global or default by European companies or.....later more run road due to global debt worsen.....more people will lose big in business, jobs, stock, investment...need to dump their property at quiet & no transaction market.....
don't buy now, hold till all weak holders & overlevaraged to force sell or auction their units, too bad, this is the name of the game......
who will buy ILLIQUID property under global super uncertainty now?? what will happen next week or month? country or banks bankrupt anytime....
Funds are flowing out of Asia, look at Dow & SSE, STI, HSI....you will know....look at S$ down from $1.2 to $1.3 you know what is happening, more will come...the more S$ weaken, the higher the inflation, Spore govt will not want it to happen, but you think Spore govt can push S$ back to $1.2?? you think they have the money to buy back all S$?? don't trust those bullshyt of weak S$ good for export, export to who now??......
interest rate is low, but buy property now you will lose 100x more....be prudent, unless you are a real good trader....
Since today is Christmas, I am interested to know what MR B has prepared for his Christmas message,my thought is after CM5 and with current uncertain environment, those highlighted in RED is logical to think about...:o
Advice: Take advantage of the current market rally, sell most of your stocks and any remaining municipal bonds and getting your nickels together
December 25th, 2011
The Shocking Truth About The Pending EU Collapse
December 25th, 2011
come next yr, market will collapse anytime.....
Advice: Take advantage of the current market rally, sell most of your stocks and any remaining municipal bonds and getting your nickels together
December 25th, 2011
The Shocking Truth About The Pending EU Collapse
December 25th, 2011
come next yr, market will collapse anytime.....
Yeah! everyone up lorry! Coffin business will do well.
ECB Stealth QE Euro 489 Billion Money Printing to Prevent Eurozone Banking System Collapse
The ECB is not allowed to buy PIIGS government bonds, so ECB lends banks Euro 489 billion at 1% that put up PIIGS debt as collateral (which means they cannot sell it), so that they hopefully go and buy more PIIGS debt that pay 5%+, this is exactly the same objective of UK and US Q.E. to monetize their own debt.
http://business.asiaone.com/Business/News/Story/A1Story20111225-318131.html
ECB Stealth QE Euro 489 Billion Money Printing to Prevent Eurozone Banking System Collapse
The ECB is not allowed to buy PIIGS government bonds, so ECB lends banks Euro 489 billion at 1% that put up PIIGS debt as collateral (which means they cannot sell it), so that they hopefully go and buy more PIIGS debt that pay 5%+, this is exactly the same objective of UK and US Q.E. to monetize their own debt.
http://business.asiaone.com/Business/News/Story/A1Story20111225-318131.html
borrow money to buy PIIGS bond?? they dare to buy??....go ahead, buy the more the better....
when default & bankrupt....that is even nicer.....
all these rubbish, do not want to work hard to pay back debt....want to depend on print $$ to easy way out.....eventually will die uglier.....
reason is simple....if works, in human history, will work this way long ago.....this will only lead to collapse of countries & markets....
China Insolvency Wave Begins As Nation's Biggest Provincal Borrowers "Defer" Loan Payments
12/26/2011
Goldman’s Jim O’Neill: China’s Export Growth Could Drop to Zero in 2012
December 25th, 2011
china has suffered from printed $$.....once price up, will not come down....but economy will sink, companies will bankrupt, retrenchment will shoot......people suffer & govt will be gone.....
The way some readers are posting in large red bold letters of the impending gloom and doom is as though they themselves are 'immune' from it and the coming darkest hours will not affect them - a pity that such shallow thinking exists!
The way some readers are posting in large red bold letters of the impending gloom and doom is as though they themselves are 'immune' from it and the coming darkest hours will not affect them - a pity that such shallow thinking exists!
They are GOD..........
...Go-On-Drop......make my day......
The way some readers are posting in large red bold letters of the impending gloom and doom is as though they themselves are 'immune' from it and the coming darkest hours will not affect them - a pity that such shallow thinking exists!
You are absolutely right....
They are GOD..........
...Go-On-Drop......make my day......
Go-On-Drop says meet your DOOM........I have nothing to loose......
The way some readers are posting in large red bold letters of the impending gloom and doom is as though they themselves are 'immune' from it and the coming darkest hours will not affect them - a pity that such shallow thinking exists!
moron...already said >20x...
nothing to do with immune or want or hope or .....
what is coming head on, analysis, information, fact & view....
only fool living in denial......
ALERT: World banks brace for euro collapse – Several banks are even installing systems capable of coping with trading in old European currencies.
December 26th, 2011
Unrelenting Global Economic Crisis: A Doomsday View of 2012 – Prof. James Petras
December 26th, 2011
next week already 2012....
we will tons of interesting global economy meltdown 1 by 1....
Alan Shearer
27-12-11, 08:02
Another basic error
This is why Euro will inevitably collapse: In Europe, governments run larger deficits than their “competitors” in order to externalise the costs to all users of the currency.
December 26th, 2011
Jim Rogers 2012 Outlook: Pessimism With Scattered Crises
12/26/2011
2012 will be a very bad yr.....
let review it by end of next yr....regret, blame or heng ar.....your choice......
According to Andy Rooney
3 Misconceptions That Need to Put to Rest
http://money.msn.com/top-stocks/post.aspx?post=3dde362e-8879-427b-aeb4-f3e843cc892b
At a conference in Philadelphia earlier this month, a Wharton professor
noted that one of the country's biggest economic problems is a tsunami of
misinformation. You can't have a rational debate when facts are so easily
supplanted by overreaching statements, broad generalizations, and
misconceptions. And if you can't have a rational debate, how does anything
important get done? As author William Feather once advised, "Beware of the
person who can't be bothered by details." There seems to be no shortage of
those people lately.
Here are three misconceptions that need to be put to rest.
Misconception 1): Most of what Americans spend their money on is made in
China.
Fact: Just 2.7% of personal consumption expenditures go to Chinese-made
goods and services. 88.5% of U.S. consumer spending is on American-made
goods and services.
I used that statistic in an article last week, and the response from
readers was overwhelming: Hogwash. People just didn't believe it.
The figure comes from a Federal Reserve report. You can read it here.
A common rebuttal I got was, "How can it only be 2.7% when almost
everything in Wal-Mart (NYSE: WMT ) is made in China?" Because
Wal-Mart's $260 billion in U.S. revenue isn't exactly reflective of
America's $14.5 trillion economy. Wal-Mart might sell a broad range of
knickknacks, many of which are made in China, but the vast majority of what
Americans spend their money on is not knickknacks.
The Bureau of Labor Statistics closely tracks how an average American
spends their money in an annual report called the Consumer Expenditure
Survey. In 2010, the average American spent 34% of their income on housing,
13% on food, 11% on insurance and pensions, 7% on health care, and 2% on
education. Those categories alone make up nearly 70% of total spending, and
are comprised almost entirely of American-made goods and services (only 7%
of food is imported, according to the USDA).
Even when looking at physical goods alone, Chinese imports still account
for just a small fraction of U.S. spending. Just 6.4% of nondurable goods
-- things like food, clothing and toys -- purchased in the U.S. are made in
China; 76.2% are made in America. For durable goods -- things like cars and
furniture -- 12% are made in China; 66.6% are made in America.
Another way to grasp the value of Chinese-made goods is to look at imports.
The U.S. is on track to import $340 billion worth of goods from China this
year, which is 2.3% of our $14.5 trillion economy. Is that a lot? Yes. Is
it most of what we spend our money on? Not by a long shot. Part of the
misconception is likely driven by the notion that America's manufacturing
base has been in steep decline.
The truth, surprising to many, is that real manufacturing output today is
near an all-time high. What's dropped precipitously in recent decades is
manufacturing employment. Technology and automation has allowed American
manufacturers to build more stuff with far fewer workers than in the past.
One good example: In 1950, a U.S. Steel (NYSE: X ) plant in Gary, Ind.,
produced 6 million tons of steel with 30,000 workers. Today, it produces
7.5 million tons with 5,000 workers. Output has gone up; employment has
dropped like a rock.
Misconception 2): We owe most of our debt to China.
Fact: China owns 7.8% of U.S. government debt outstanding.
As of August, China owned $1.14 trillion of Treasuries. Government debt
stood at $14.6 trillion that month. That's 7.8%.
Who owns the rest? The largest holder of U.S. debt is the federal
government itself. Various government trust funds like the Social Security
trust fund own about $4.4 trillion worth of Treasury securities. The
Federal Reserve owns another $1.6 trillion. Both are unique owners:
Interest paid on debt held by federal trust funds is used to cover a
portion of federal spending, and the vast majority of interest earned by
the Federal Reserve is remitted back to the U.S. Treasury. The rest of our
debt is owned by state and local governments ($700 billion), private
domestic investors ($3.1 trillion), and other non-Chinese foreign investors
($3.5 trillion).
Does China own a lot of our debt? Yes, but it's a qualified yes. Of all
Treasury debt held by foreigners, China is indeed the largest owner ($1.14
trillion), followed by Japan ($937 billion) and the U.K. ($397 billion).
Right there, you can see that Japan and the U.K. combined own more U.S.
debt than China. Now, how many times have you heard someone say that we
borrow an inordinate amount of money from Japan and the U.K.? I never have.
But how often do you hear some version of the "China is our banker" line?
Too often, I'd say.
Misconception 3): We get most of our oil from the Middle East.
Fact: Just 9.2% of oil consumed in the U.S. comes from the Middle East.
According the U.S. Energy Information Administration, the U.S. consumes
19.2 million barrels of petroleum products per day. Of that amount, a net
49% is produced domestically. The rest is imported.
Where is it imported from?
Only a small fraction comes from the Middle East, and that fraction has
been declining in recent years. So far this year, imports from the Persian
Gulf region -- which includes Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi
Arabia, and the United Arab Emirates -- have made up 9.2% of total
petroleum supplied to the U.S. In 2001, that number was 14.1%.
The U.S. imports more than twice as much petroleum from Canada and Mexico
than it does from the Middle East. Add in the share produced domestically,
and the majority of petroleum consumed in the U.S. comes from North
America.
This isn't to belittle our energy situation. The nation still relies on
imports for about half of its oil. That's bad. But should the Middle East
get the attention it does when we talk about oil reliance? In terms of
security and geopolitical stability, perhaps. In terms of volume, probably
not.
A roomful of skeptics
"People will generally accept facts as truth only if the facts agree with
what they already believe," said Andy Rooney. Do these numbers fit with
what you already believed? No hard feelings if they don't.
"The world is a dangerous place NOT because of people who are evil But,
because of the people who don't do anything about it" ~ Albert Einstein
New Year Prediction: Israel and U.S. Will Attack Iran
December 26th, 2011
WAR GAMES: IRAN TAUNTS U.S. SHIPS
December 26th, 2011
so fast??......
社科院促堵走資
歐美大行「削肉還債」
china is very worry of fund & investment flowing out now.....
SSE down & down everyday.....property too....
they are more concern of RMB depreciating now than appreciating.....
after they dump liquid SSE & India Rupee...they will dump illiquid property in asia....
2012, Europe & US need lots of money to rescue their banks & country bond....
1 day, all will dump & go.....
A ‘bleak’ ahead: Britain ‘in danger of drifting back into recession in 2012′
December 26th, 2011
Spanish Economy Minister: We’re Falling Into Recession
December 26th, 2011
just a matter of time next yr......
The Independent: Christian leaders chose to deride bankers as society’s chief foe in 2011
December 26th, 2011
LONDON – Christian leaders delivered a string of politically-charged sermons yesterday attacking financial greed – capping a year of tumultuous events that has often seen the religious establishment wrong-footed
2012 will be a turning point in America finding its moral compass
December 26th, 2011
moral...greed....human is doomed....including spore....
whether is religious or govt....wake the society up with right value....
China Insolvency Wave Begins As Nation's Biggest Provincal Borrowers "Defer" Loan Payments
12/26/2011
China moves ahead with making the Yuan a world reserve currency as it introduces currency exchange with Japan bypassing US dollar:
December 26th, 2011
china is trying their luck now....
funds & investment are flowing out & internal debt is exploding....
At current price of SGD$1.14, SP Ausnet provides a decent yield of 8.8% (A$1 to SGD$1.25) before taxes. It is also below its NAV of SGD$1.28, hence investors can purchase SP Ausnet below its IPO (offer adjusted) and NAV price.
Investors can also opt for script dividend which will enable him to accumulate more of SP Ausnet at a 2.5% discount.
The Real Housewives Of Wall Street — “Huge roaring river of cash” has flowed out of Fed since 2008 crash, to prop up US financial system. Now Fed has been forced to open its books. Money has ended up in some odd hands. Those of Morgan Stanley’s boss’s wife, for example
December 26th, 2011
The Nightmare After Christmas
12/26/2011
fairness.....that is why global govt is down & gone....Italy, Spain, Japan, Thailand.....
all across the world eventually, including Spore.....
As bad as 2011 was, it looks like 2012 is going to be significantly worse. It won’t be the end of the world of course, but huge challenges are ahead.
December 26th, 2011
Holiday prices slashed to compete with Olympics and credit crunch as many firms are fighting for survival
December 26th, 2011
the worse is yet to come.....
Alan Shearer
27-12-11, 17:57
NO, YOU ARE THE WORST AND UNFORTUNATELY HERE ALREADY.
NO, YOU ARE THE WORST AND UNFORTUNATELY HERE ALREADY.
brain shorted....panic moron.......
Obama to ask for debt limit hike: The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request.
December 27th, 2011
America Maxes Out Its Credit Card Again – Treasury To Raise Debt Limit By Another $1.2 Trillion On December 30
December 27th, 2011
DEBT limit of US to hit again by Dec 30, 3 more days......
last time was Aug 2, US rating downgraded & stock globally down 30-40%.....
it's here again to crash the market.....
Italy Could Trigger Early End to Santa Claus Rally
December 27th, 2011
Treasury Plans For Euro Failure
December 27th, 2011
Italy will be the one to bring the world down.....together with PIIGS.....
coming soon.....
Europe is in for a tough ride
December 27th, 2011
LTRO “Bazooka” Is Epic Disaster: banks are losing 75 basis point on this inverse carry trade, where they take LTRO cash and deposit it with the ECB where it yields… 0.25%!
December 27th, 2011
not only Europe.....US hit debt limit again in 3 days time....
China too, fund flowing out, how much they pump in yesterday to push up RMB....
Japan is sinking real fast......
Posturing or preparing for war? Iran begins naval drills in world’s most strategic oil transit channel
December 27th, 2011
M S N New York Tmes Science reporting that just a few mutations has made it a reality that H5N1 bird flu is now able to transfer from ferret to ferret and mammal to mammal air borne.
December 27th, 2011
Iran war on the rise...
SAR type of flu also coming back.....like 2003, all property market died flat....
Protesters Worldwide Demand An End to Crony Capitalism
December 27th, 2011
If our founding fathers could see the cesspool that the U.S. Congress has become today, they would roll over in their graves.
December 27th, 2011
spore today same??......
A Run On The Global Banking System – How Close Are We?
December 27th, 2011
(WSJ) – “Euro Zone Breakup: Are You Ready For The Day After”
December 27th, 2011
we are very closed.....
even wall st. journal call to get ready.....
Jim Rogers: We Should Take The Pain Now And Not Wait Until The Market Forces The Pain On Us
December 27th, 2011
Jim Roger is sure right on this....
when the market force act, it will be 10x uglier, like Greece & PIIGS now.....
more property cooling measures now.....
rate hike, property tax hike for 2nd & above & more......
炒家離場 細價樓遭殃
學者估市 明年冧價20%
租金見回軟 跌幅加快
HK property keep dropping....expect to drop another 20% next yr...
rental is dropping at much faster rate......
Peter Schiff – 2012 Will Be The Year Of Reckoning
December 27th, 2011
“There’s near-insatiable demand’ for U.S. debt
December 27th, 2011
all the global debt game is near the end....
2012 is the yr to start to end it....
same to Spore....also all mortgage DEBT......
In A Depression, The Customers Go Away, Then The Stores Go Away!
December 27th, 2011
580 Morgan Stanley learn they are about to get layoff
December 27th, 2011
sure....hubndreds of Seras & Kmart are gone now.....
220,000 of global financial employee also gone....
more retrenchment to come.....allacross asia too due to fund & investment flowing out.....
It has been almost 2 months liao....how much longer gotta wait ah? Its not coming down that fast leh.........why ah?
It has been almost 2 months liao....how much longer gotta wait ah? Its not coming down that fast leh.........why ah?
bo supporter leow. all gave up left the poor man shouting.
It has been almost 2 months liao....how much longer gotta wait ah? Its not coming down that fast leh.........why ah?
Can the moderator edit the title to "Copy & Paste of bad news is coming down fast" instead of "Property price is coming down fast":D
bo supporter leow. all gave up left the poor man shouting.
stupid fool, bo supporters, why are you here?? why the viewer up everyday few thousands to 205,000 now?? so these viewers are all ghosts huh......:)
devilplate
28-12-11, 22:04
stupid fool, bo supporters, why are you here?? why the viewer up everyday few thousands to 205,000 now?? so these viewers are all ghosts huh......:)
I am watching u :D
It has been almost 2 months liao....how much longer gotta wait ah? Its not coming down that fast leh.........why ah?
2 months now, at least property price down 10-20% now....
to complete a property transaction take 3-4 months, what is 2 months in property cycle.....
property cycle is talking about 15 yrs...those who bought in 1996/7, took 15 yrs to come back to their price....same for those who bought recently.....
now no ways to sell at last transacted price anymore, even want to sell at 15% below last transaction price, if lucky, take 6-12 months to sell or cut deeper price...so what is 2 months??....price will keep dropping from now.....
who buy illiquid property now....look at asia stock market.....fund all flowing out....same for property....:)
Jim Rogers: “100% Chance” of Another Financial Crisis That Will Be Worse Than 2008
December 28th, 2011
Art Cashin Exposes The Behind The Scenes Panic In Europe
December 28th, 2011
sure.....panic mode in many part of the world now....many cannot see it....but when they see it, already too late.....
devilplate
29-12-11, 00:53
Jim Rogers: “100% Chance” of Another Financial Crisis That Will Be Worse Than 2008
December 28th, 2011
Art Cashin Exposes The Behind The Scenes Panic In Europe
December 28th, 2011
sure.....panic mode in many part of the world now....many cannot see it....but when they see it, already too late.....
tok macham like nvr tok....
who duno market goes up must come down one day
if u r so good, pls set a dateline
standard reply from u...."only share wif good bros here' or simply say 'moron....fools'
pls write smthing new :p
devilplate
29-12-11, 00:54
2 months now, at least property price down 10-20% now....
to complete a property transaction take 3-4 months, what is 2 months in property cycle.....
property cycle is talking about 15 yrs...those who bought in 1996/7, took 15 yrs to come back to their price....same for those who bought recently.....
now no ways to sell at last transacted price anymore, even want to sell at 15% below last transaction price, if lucky, take 6-12 months to sell or cut deeper price...so what is 2 months??....price will keep dropping from now.....
who buy illiquid property now....look at asia stock market.....fund all flowing out....same for property....:)
u been repeating wat u wrote everyday
run out of ideas?
getting bored oredi.....need new fresh and exciting bear stuff :D
2 months now, at least property price down 10-20% now....
to complete a property transaction take 3-4 months, what is 2 months in property cycle.....
property cycle is talking about 15 yrs...those who bought in 1996/7, took 15 yrs to come back to their price....same for those who bought recently.....
now no ways to sell at last transacted price anymore, even want to sell at 15% below last transaction price, if lucky, take 6-12 months to sell or cut deeper price...so what is 2 months??....price will keep dropping from now.....
who buy illiquid property now....look at asia stock market.....fund all flowing out....same for property....:)
...reminds me of Jules Verne, science fiction writer......just that this is property fiction writer...very imaginative I must say, but more a B-grade production....
tok macham like nvr tok....
who duno market goes up must come down one day
if u r so good, pls set a dateline
standard reply from u...."only share wif good bros here' or simply say 'moron....fools'
pls write smthing new :p
sure...my timeline of events to unfold for next yr is all ready, but will not reveal here.....
can only tell you 2012 is ugly yr, 2013 is even worse......:)
u been repeating wat u wrote everyday
run out of ideas?
getting bored oredi.....need new fresh and exciting bear stuff :D
bored?? then get lost....
I thought 205,000 viewers, so fast 212,000 now......:)
...reminds me of Jules Verne, science fiction writer......just that this is property fiction writer...very imaginative I must say, but more a B-grade production....
I only put 1% of time & 2% of stuff in this forum....B grade is ok liao.....
金磚四國 神話落幕
華經濟滑落恐「破六」
BRIC already gone case....down due to commodity price down & global demand down....also due to their labour cost up & cost of living up....
not competitive now....investment flowing out...that is why you see SSE keep falling, Rupee in historical low, same to brazil & russia...
If China GDP down below 6%....will see unrest & riots across china.....property will plunge >70% easily.....
Same to Spore....
more to come.....
I only put 1% of time & 2% of stuff in this forum....B grade is ok liao.....
Thanks goodness...otherwise this thread would already be 10000 pages long hahaha.....you are the #1 GOD.
devilplate
29-12-11, 08:42
sure...my timeline of events to unfold for next yr is all ready, but will not reveal here.....
can only tell you 2012 is ugly yr, 2013 is even worse......:)
tell me more
rattydrama
29-12-11, 08:49
Thanks goodness...otherwise this thread would already be 10000 pages long hahaha.....you are the #1 GOD.
If Basic change his tone to Property price will cheong 40-70% next year, this thread will have 1000 pages in few days. :D :D
Maybe Sunday Times will have a full report on Property Price will cheong next year after reading this thread.:D :D
Few times I read infor from this forum and not too long later I read the same message/tone in the straits times.
Coincidence?
Banksters start freezing out lending to each other again, as they did in 2008 just before Lehman’s collapse as they put on deposit a record amount following yesterday’s record amount using all the funding given to them by the ECB mammoth recent hand-out they snatched and not lending:
December 28th, 2011
Euro banks get Euro500Bil from ECB...unlimited swap from US FED.....but they dare to loan out?? they dare to use them to buy PIIGS bonds??.....
Their borrowing needs to pay 1% interest yet the risk is super high, bond collapse anytime, then they will bankrupt immediately....
only rubbish Spore banks dare to loan out at 1.5% mortgage now....once global explode, all become bad debt, then they will hold tons of property for AUCTION at super low price......
devilplate
29-12-11, 09:05
only rubbish Spore banks dare to loan out at 1.5% mortgage now....once global explode, all become bad debt, then they will hold tons of property for AUCTION at super low price...... [/SIZE]
citibank, stanchart all offering below 1% spread currently....all rubbish banks? LOL
now ur saving deposit how much? 0.1-0.3%?
stupid fool, bo supporters, why are you here?? why the viewer up everyday few thousands to 205,000 now?? so these viewers are all ghosts huh......:)
people comes in here to laugh at you. :banghead: you hittin yourself everyday.
citibank, stanchart all offering below 1% spread currently....all rubbish banks? LOL
now ur saving deposit how much? 0.1-0.3%?
have some in RMB in May, exchange rate is $5.28 & FD at 3.5%.....now RMB is at $4.85.....
find your own way.....
people comes in here to laugh at you. :banghead: you hittin yourself everyday.
your eyes is coc.k eyes?...where is all the laughing?? in heart??.....
liar & joker....say what you like....bluff your way out....:)
your eyes is coc.k eyes?...where is all the laughing?? in heart??.....
liar & joker....say what you like....bluff your way out....:)
hahahahahahahahahahahahahahahahahahahhaahhahahhahahahahahahhahahhahahahahhahahhahahahahhahahahahhahahahahahhahahahhahahahhahahahhahahhaahhahahhahahahhahhahahhahahahhahahahahahhahahahhahahhahahhahahahahhahahahhahhahahahahhahahahhahahahahhahahahhahahhahahahhahahahhahahahahhahahahhahahhahahhahahhahahahhahahhahahhahahhahahahhahahhahahaha
If Basic change his tone to Property price will cheong 40-70% next year, this thread will have 1000 pages in few days. :D :D
Maybe Sunday Times will have a full report on Property Price will cheong next year after reading this thread.:D :D
Few times I read infor from this forum and not too long later I read the same message/tone in the straits times.
Coincidence?
....ST always late in reporting news except frivolous stuff.....Basic is quicker than them........
If Basic change his tone to Property price will cheong 40-70% next year, this thread will have 1000 pages in few days. :D :D
Maybe Sunday Times will have a full report on Property Price will cheong next year after reading this thread.:D :D
Few times I read infor from this forum and not too long later I read the same message/tone in the straits times.
Coincidence?
I noticed that too many times in the past...I remembered I brought this point out but the response among forumers was not many people take the views here seriously but I thought otherwise , this is the forum where 15% to 20% of singaporeans will have a chance to drop by and express their views here...so it is the best place to collect feedback and views esp for journalist who may want new things to write about in property...again maybe i am wrong :o
who knows maybe one day we will see a report with big red cut and paste font appearing in major newspaper?:p
US financials, watch your investments carefully this week and next…
December 28th, 2011
something big is going to burst?? gold below $1550...Euro plunging....
fund continue to flow out of Asia & Spore....
US debt limit or Euro breakup??......such will just break out suddenly.....
devilplate
29-12-11, 09:30
have some in RMB in May, exchange rate is $5.28 & FD at 3.5%.....now RMB is at $4.85.....
find your own way.....
y u change topic? btw, the exchange spread is elephant big hor.....last time i check about 4-5%
y u say spore banks rubbish banks??
bcoz they offer 0.1-0.3% deposit rates and so tat they can offer 0.5-0.8% mortgage spread? wahahahaha
devilplate
29-12-11, 09:32
I noticed that too many times in the past...I remembered I brought this point out but the response among forumers was not many people take the views here seriously but I thought otherwise , this is the forum where 15% to 20% of singaporeans will have a chance to drop by and express their views here...so it is the best place to collect feedback and views esp for journalist who may want new things to write about in property...again maybe i am wrong :o
who knows maybe one day we will see a report with big red cut and paste font appearing in major newspaper?:p
those mainly rubbish analyst report.....cmi ones
y nobody mention anything close to cm5? wahahaha
those mainly rubbish analyst report.....cmi ones
y nobody mention anything close to cm5? wahahaha
he he let say if someone hear about it, will he be HERO (or no brainer)enough to mention it here before garmen announce it?:o :p
thomastansb
29-12-11, 09:48
Those analyst reports are 50/50 only.
Anyway, 1 bad news doesn't mean the end of the world. Basic has been posting and posting. For every bad news, there are 5 good ones and we ignore the good ones?
those mainly rubbish analyst report.....cmi ones
y nobody mention anything close to cm5? wahahaha
y u change topic? btw, the exchange spread is elephant big hor.....last time i check about 4-5%
y u say spore banks rubbish banks??
bcoz they offer 0.1-0.3% deposit rates and so tat they can offer 0.5-0.8% mortgage spread? wahahahaha
why let them earn 4-5% spread...got way to get around...
0.5-0.8% spread?? 2% spread also not enough to cover their expenses, don't talk about risk......
read my post carefully.....Europe banks get 1% loan, also dare not loan out at 4-5% spread......what is happening outside, they know better than us....yet our banks do at 0.5-0.8% spread? hahaha.....force to do so??....we all know what is happening....wait for global stock market to melt down.....:)
devilplate
29-12-11, 09:57
why let them earn 4-5% spread...got way to get around...
0.5-0.8% spread?? 2% spread also not enough to cover their expenses, don't talk about risk......
read my post carefully.....Europe banks get 1% loan, also dare not loan out at 4-5% spread......what is happening outside, they know better than us....yet our banks do at 0.5-0.8% spread? hahaha.....force to do so??....we all know what is happening....wait for global stock market to melt down.....:)
banks r rubbish and u r smartest
wow.....u must be billionaire?
China’s fund managers are bracing for a wave of bad loans to hit the market over the next few years, as lenders dispose of existing bad loans to make way for a new batch of non-performing debt.
December 28th, 2011
蒙牛中毒 暴瀉23％
another big Ponzi scheme goes on in China.....SSE down everyday is not without any reasons.....
all these crooks in china......also in Spore.....
Regulators
29-12-11, 09:59
With all the negative reporting reporting about US, donald trump says america's net worth is 280 trillion after minusing the $15 trillion of debt.
devilplate
29-12-11, 10:01
With all the negative reporting reporting about US, donald trump says america's net worth is 280 trillion after minusing the $15 trillion of debt.
mr B gona say trump is rubbish too? wakakaka
banks r rubbish and u r smartest
wow.....u must be billionaire?
.....where..... in Sims Ville? there is probably a Basic Bank there.....
Regulators
29-12-11, 10:33
If you distribute america's wealth evenly, almost every individual has $1 million
mr B gona say trump is rubbish too? wakakaka
Former Fed VP Accuses Bernanke Of Bailing Out Europe Via Currency Swaps
12/28/2011
Update On The "Non-Printing" ECB's Parabolically Rising Balance Sheet
12/28/2011
after printing so much money....but forever not enough, debt limit again, bond yield shoot up again.....why??....
because money is not circulated, nobody dare to loan out......why?? risk is too high....
only solution now is force all to pay back, bankrupt those rubbish.....remove all bombs, then world can start to move again....
just crash it & reborn.....the world has no gutsy leader today......all no balls....
proud owner
29-12-11, 11:10
stupid fool, bo supporters, why are you here?? why the viewer up everyday few thousands to 205,000 now?? so these viewers are all ghosts huh......:)
it is human behaviour
they dont like what they see ..but still want to see...
proud owner
29-12-11, 11:16
i like the cut and paste .. saves me alot of time reading ,,,..
if one doesnt like it ... then dont read
simple as that ...
afterall Baisc started this thread ...
some Bulls tried to start something of the opposite theme .. go support that thread if you dont like this one and if you dont think you have anything to gain from his posting...
if no one reads... it will die of natural course ...
people here are just weirdos ...
rebutting everything Basic post is totally useless .. i gain nothing from those rebuttals
Iran Promises to Close Down Oil Route If Sanctions Imposed
December 28th, 2011
US Navy Says Any Disruption To Straits Of Hormuz "Will Not Be Tolerated"
12/28/2011
U.S., Israel Discuss Triggers for Bombing Iran
December 28th, 2011
Iran war coming??.......no wonder oil at 100, gold only 1550.....
oil shoot up to 300-500....all transport stop....all business stop.....
Sure, after he has bought his property the tone will change, or he will be recincarnated to sing this Bull tune. :p
If Basic change his tone to Property price will cheong 40-70% next year, this thread will have 1000 pages in few days. :D :D
Maybe Sunday Times will have a full report on Property Price will cheong next year after reading this thread.:D :D
Few times I read infor from this forum and not too long later I read the same message/tone in the straits times.
Coincidence?
Bob Chapman: 2012 is going to be quite a year with falling economies in the UK, Europe, the US, China, Japan and the remainder of Asia.
December 29th, 2011
Currency wars favor the greenback: Look for 2012 to be the year of the dollar
December 29th, 2011
2012 is definitely no good, that is why US$ will shoot up.....
Euro plunges down, stock & property will melt down.....
this is global....spore will be deeply affected.....
devilplate
29-12-11, 12:28
i like the cut and paste .. saves me alot of time reading ,,,..
if one doesnt like it ... then dont read
simple as that ...
afterall Baisc started this thread ...
some Bulls tried to start something of the opposite theme .. go support that thread if you dont like this one and if you dont think you have anything to gain from his posting...
if no one reads... it will die of natural course ...
people here are just weirdos ...
rebutting everything Basic post is totally useless .. i gain nothing from those rebuttals
U learn from his headliners and rubbish comments?
Dun argue for the sake of argue leh?
devilplate
29-12-11, 12:29
Richie$$$ is the one pasting whole article and not this rubbish mr b? Lol
U learn from his headliners and rubbish comments?
Dun argue for the sake of argue leh?
you don't even has rubbish...go & eat shyt lah, moron.....
Richie$$$ is the one pasting whole article and not this rubbish mr b? Lol
this stupid moronic dog.....
tell me more
moron begging......
Chance of Recession 55% Next Year?
December 29th, 2011
very nice........
US Retirement Assets Declined By $1.4 Trillion
December 29th, 2011
how about our CPF?.......
資深投資者減磅 5千萬沽禮頓山
物業拍賣減價吸客
many cut price to dump their property in Spore, China & HK.....before too late.....
price will keep dropping every day, weeks, months.....
bored?? then get lost....
I thought 205,000 viewers, so fast 212,000 now......:)
The 21X,XXX is number of views, not viewers. They are different
many of "views" probably contributed by you, I reckon?
u been repeating wat u wrote everyday
run out of ideas?
getting bored oredi.....need new fresh and exciting bear stuff :D
Are you getting bored? Why do I feel that you are having fun here?
devilplate
29-12-11, 15:02
Are you getting bored? Why do I feel that you are having fun here?
i used to haf fun everyday
now u dun see me bash him everyday....do u?
devilplate
29-12-11, 15:03
you don't even has rubbish...go & eat shyt lah, moron.....
r u admitting wat u post simply rubbish? LOL
Asia Risks Policy Mistakes to Boost Growth
By Shamim Adam -
Asian policy makers eager to sustain growth in 2012 may put their economies at risk with interest- rate cuts or fiscal stimulus that some can ill-afford.
The likelihood of “policy mistakes” in 2012 may increase as a slowing global expansion puts pressure on officials to lower borrowing costs even as inflation remains elevated in some economies, said Lim Su Sian, a Singapore-based strategist at Royal Bank of Scotland Group Plc. In India, where the central bank has paused raising rates, monthly inflation has held above 9 percent; prices in China exceeded the government’s full-year target of 4 percent every month this year.
Asian nations from Thailand to Indonesia and Malaysia have reduced interest rates or left them unchanged in recent meetings to shield their economies from the protracted European debt crisis. Fitch Ratings raised its forecasts for price gains for the region for this year and next even as it lowered growth estimates, and said while many Asian economies have scope for policy responses, China and India are “exceptions.”
“There will be central banks that feel they have to cut but whether or not they can is an entirely different issue,” said Lim. “For some of these countries, they are going to feel a little challenged because on the one hand, growth is clearly slowing but on the other hand, inflation is still not yet coming off. That creates the potential for policy mistakes.”
Highlighting the risks from Europe’s debt crisis, South Korea’s industrial production unexpectedly fell in November for a second straight month. Output dropped 0.4 percent compared with October when it declined a revised 0.6 percent, Statistics Korea said today. The Bank of Korea refrained from raising interest rates for a sixth month in December to support growth.
Inflation Risks
Inflation risks eroding the purchasing power of consumers when Asian economies are depending on domestic demand to boost growth as exports weaken. The volume of global trade will increase 5.8 percent in 2012 compared with 7.5 percent this year, the International Monetary Fund said in September, damping the outlook for a region estimated by the World Trade Organization to have exported $4.69 trillion of goods in 2010.
Asian stocks dropped for a third day after a surge in the European Central Bank’s balance sheet underscored financial stresses in the euro zone.
The MSCI Asia Pacific Index (MXAP) fell 0.7 percent to 111.96 as of 10:28 a.m. in Tokyo with all but one of the gauge’s 10 industry groups falling. For the month, the index is heading for a 1.2 percent decline. The measure has dropped 19 percent this year, the most since 2008.
Europe Concerns
In Europe today, reports may show retail sales in Spain fell last month, Sweden’s trade surplus narrowed in November from a month ago and Italian business confidence weakened this month, according to Bloomberg surveys of economists. Germany’s consumer price index may have gained 0.8 percent in December from a month earlier, according to the median forecast of 26 economists surveyed.
In the U.S., first-time claims for unemployment benefits may have totaled 375,000 in the week ended Dec. 24, compared with an initially reported gain of 364,000 a week earlier, a survey of economists showed ahead of a Labor Department data on recipients of government jobless benefits.
Business activity in the U.S. may have expanded at a slower pace, according to figures to be released today by the Institute for Supply Management-Chicago Inc. For a view of the housing industry, a National Association of Realtors report may show pending home sales rose 1.5 percent in November from a month earlier, a slowdown from a 10.4 percent rise a month earlier.
Growth Estimates
Emerging East Asian economies may grow 7.2 percent next year after expanding 7.5 percent in 2011, the Asian Development Bank says. Fitch raised its 2011 inflation estimate for Emerging Asia by 0.3 percentage points to 5.9 percent and its 2012 price forecast to 4.9 percent from 4.7 percent.
Indonesia cut borrowing costs by 0.75 of a percentage point in October and November to a record low even as its economy grew more than 6 percent for a fourth straight quarter. India held off tightening in December after raising interest rates by a record pace.
China’s central bank cut the amount of cash that lenders must set aside as reserves for the first time since 2008 this month after inflation eased to the slowest in 14 months in November. China should be prepared for a possible inflation rebound next year, Xinhua News Agency said this month, citing Yang Weimin, vice chairman of the Office of the Central Leading Group on Financial and Economic Affairs.
Weakening Currencies
Most Asian policy makers have allowed their currencies to depreciate this year to defend exports. The Indian rupee has lost about 16 percent, followed by the Thai baht and the Taiwanese dollar. Sri Lanka devalued its currency in November.
With the Indonesian central bank’s defense of its currency unsustainable, the country’s assets will be “vulnerable,” RBS says, recommending investors buy five-year credit default swaps at 225 basis points. Bank Indonesia plans to boost “intervention” to support the rupiah, Governor Darmin Nasution said on Nov. 30 after the currency touched a 17-month low of 9,240 a day earlier.
“Currencies have weakened so imported price pressures are still building,” said Rahul Bajoria, a regional economist at Barclays Plc in Singapore. “Officials will remain a bit more vigilant on inflation because inflation expectations are still elevated” especially Singapore, Malaysia and South Korea, where labor markets are tight.
Stimulus Spending
Asian policy makers spent about $1 trillion in stimulus measures during the global financial crisis of 2008 and 2009 to stave off deep recessions or sharp slowdowns in their economies. Malaysia and the Philippines have unveiled stimulus measures for their economies, and others may follow in an attempt to spur consumption as overseas demand slows.
“The growth bias is starting to creep in and there will probably be a more proactive use of fiscal policy in 2012 than monetary policy because the pass-through is faster,” Bajoria said.
Still, India may have less room to deploy fiscal stimulus, while any such steps in China won’t be as large as the 4 trillion-yuan package introduced in 2008, Bajoria said. India’s “fiscal stress” may deteriorate on widening subsidies and slowing taxes, the central bank said Dec. 22.
China’s banking system is still working through the consequences of the credit-led stimulus of 2009 and 2010 and “may struggle to repeat the effort,” according to Fitch.
Where Greece Is Right and Germany Is Wrong
Merkel's hard line on fiscal responsibility is a growth inhibitor. Spending will help prevent a European recession
By Peter Coy
December 26, 2011
2011: Year in Review
PreviousNext
Illustration by Jiro Bevis
The patient, E.Z., is in failing health, and the European surgeons are arguing bitterly at the operating table. The Greek doctors call for a feeding tube, oxygen, antibiotics, the works. Nonsense, say the Germans. Get the patient up on his feet and slap him around a little. What he really needs is to lose some weight.
Never mind that each is acting in accordance with his own self-interest. It’s the profligate Greeks, whose screw-ups helped drag Europe into its deepest crisis since World War II, who are mostly right in this argument—and the disciplined, hard-working Germans who are mostly wrong. Europe’s economy is already so weak that Teutonic belt-tightening, however meritorious in ordinary times, threatens to push the Continent into a deep and long-lasting recession.
The European stimulus-vs.-austerity debate that raged throughout 2011 is a replay of the one from the Great Depression. Then it was a Briton, John Maynard Keynes, arguing the case for boosting demand and an Austrian, Friedrich Hayek, wanting to purge the rottenness from the system. It’s a measure of the discipline’s meager progress that economists and policymakers haven’t managed to settle this dispute in the intervening 80 years.
The very human tendency to mix up economics and morality is what makes the Keynesian case for expansionary government policy hard for politicians to defend. From the standpoint of righteousness and clean living, the Germans are way ahead of the Greeks, the Portuguese, the Spaniards, and the Italians. Saving and investing are virtuous for families; it’s hard for people to imagine that on the scale of nations, too much frugality can cause problems.
Frugality can backfire, however—and in 2011, it did. Keynes had put his finger on the problem, calling it the “paradox of thrift.” One person’s spending is another’s income, he observed. So when everyone spends less in a recession, incomes fall. The more people try to save, the more the economy slows, and the harder it gets to put money aside.
There’s even a related “paradox of toil.” It says that when an economy is stuck in a rut, with interest rates at or near zero, cutting wages can backfire. Wage cuts lead to expectations of deflation and cause employment to fall rather than rise, says the person who coined the new paradox, Gauti Eggertsson, an economist at the Federal Reserve Bank of New York. That’s a scary thought for the Greeks, who are hoping they can keep the euro but effect an internal devaluation based on lower wages, and in the process make their economy competitive again.
Austerity got a fair shot in Europe in 2011, and it’s failing. Countries on the periphery are attempting to close budget deficits through a combination of tax hikes and spending cuts. The hope is that evidence of financial probity will impress the financial markets, lower interest rates, and give the private sector the confidence to spend and invest, revving up growth.
Instead, nearly the complete opposite is taking place. Government retrenchment sucked demand out of the economy, depressing tax revenue and making balance even harder to achieve. Private forecasts of European growth sank throughout the past year as this dynamic played out. A 2012 recession is highly possible, although as of late November the European Central Bank staff economists were still predicting growth of 0.4 percent to 1 percent in the coming year.
There’s no doubt that Southern Europe needs to earn its way out of debt by running trade surpluses instead of chronic deficits. In other words, it needs to act more Germanic. But it’s impossible for every country to run a trade surplus, just as it’s impossible for every person to be a better-than-average driver. Italy and the others can manage to run trade surpluses only if Germany agrees to do the opposite, importing more than it exports. If we’re going to expect the Greeks to act like Germans, the reverse needs to happen as well. Germany needs to live a little, spend more, relax in Mykonos—in other words, be more Mediterranean. That’s a lot to expect, since the German people have been convinced by the current crisis that laxity is the road to ruin.
As 2012 beckons, it seems increasingly likely that the euro zone is headed for a crackup. Stephen A. King, the chief global economist of HSBC (HBC), believes that the only solution for Europe is for creditors and debtors to focus on their mutual interest in healthy economic growth. A pro-growth consensus would break down the inhibitions against aggressive fiscal and monetary stimulus. Yet nothing of the sort will happen, King says, until it’s blatantly obvious that only dramatic action will prevent a breakup of the common currency. “The world has to go crazy before you can do crazy things,” he concludes. “That’s what the Fed waited for, and that’s what the ECB will have to wait for.” Stand back from the operating table—here comes the defibrillator.
LG Display China Strike Ends as Fresh Labor Protest Reported
December 29, 2011, 1:44 AM EST
Dec. 29 (Bloomberg) -- LG Display Co. factory workers in the eastern Chinese city of Nanjing returned to work after the company agreed to double year-end bonuses, as a new protest reportedly broke out in a car parts plant in southern China.
More than 2,000 workers of the South Korean electronics company took part in a strike after their bonuses were cut to one-third of last year’s amount, Xinhua News Agency said today, citing Cheng Shijun, an official at the Nanjing Economic and Technological Development Zone, where the factory is located.
A separate protest also started over such payments at an auto parts factory in the southern Chinese city of Guangzhou on Dec. 27, worker rights group China Labor Watch said in an e- mailed statement today.
China is seeking to alleviate social unrest and ordered all levels of governments to help needy people while maintaining social harmony ahead of New Year’s Day and the Chinese New Year after a two-week protest by residents of a southern Chinese village this month. Strikes, demonstrations and other protests in China doubled to at least 180,000 in 2010 from 2006, according to Sun Liping, a sociology professor at Beijing’s Tsinghua University.
At LG Display, the workers were unhappy about their year- end bonuses, equivalent to a monthly salary of 1,400 yuan ($221), Cheng was cited as saying by Xinhua. The report didn’t say what their bonuses have been raised to.
About 8,000 Chinese workers went on strike, Sina.com and QQ.com, a news website run by Tencent Holdings Ltd., reported yesterday. LG Display said in an e-mail that operations have returned to normal as employees returned beginning the night of Dec. 28 after an agreement was reached.
Toyota, Honda
Workers at Guangzhou Aries Auto Parts Corp., wholly owned by Japan’s Ahresty Corp. and whose clients include Honda Motor Co. and Toyota Motor Corp., were unhappy over a reduction in year-end bonuses even as they had been made to work longer hours, China Labor Watch said.
An officer at Guangzhou Aries, who would only give her surname as Wang, declined to comment on whether there was a strike when contacted by phone. Calls to Ahresty, Honda and Toyota weren’t answered and their voicemails said they were closed for holidays.
it is human behaviour
they dont like what they see ..but still want to see...
....wah...think you should change ur nickname now - if you agree with Basic.....he thinks all owners are moron...so how can you be proud if you agree with him....
rattydrama
29-12-11, 16:25
those mainly rubbish analyst report.....cmi ones
y nobody mention anything close to cm5? wahahaha
yes agree cmi. better to read from here, more insights and learn some good points in between different threads.
got wat, reported in paper the following 2 days...analysts said expect to have a 30% drop after we did a poll....
and until now nvr smell any good deal, only the transaction vol drop maybe all going holiday.
bullman is right, a good deal can be sealed within 3 days after any cm announcement. I have a very good experience on this as well. Before cm did few offers but owner kept asking more. :D :D :D
rattydrama
29-12-11, 16:29
....wah...think you should change ur nickname now - if you agree with Basic.....he thinks all owners are moron...so how can you be proud if you agree with him....
proud got x-ray eyes. he could read thru' all messages...highly spiritual...:p :p
Why European Banks Are Sacrificing Growth
Amid the crisis, lenders are selling some of their best businesses to raise money
European Stocks Decline; Carmakers, Miners, Lenders Lead Losses
EIB Carbon Disclosure, Deutsche Bahn Sale, Madoff: Compliance
European Banks Devour ECB Emergency Funds Amid Frozen Markets
French Banks Rush to Raise EU37 Billion in Early 2012 Funds
UniCredit Said to Plan Hiring 12 More Banks for Rights Offering
LAST WEEK
December 19, 2011
Under pressure from regulators to bolster capital, European banks are selling some of their fastest-growing businesses to competitors from outside the region. The sales may leave them better able to withstand financial stress—and less able to boost future profits. Spain’s Banco Santander (STD), which said in October it needs an additional €5.2 billion ($6.9 billion) to meet capital requirements, sold its Colombian unit in December to Chile’s Corpbanca (BCA) for $1.16 billion. Germany’s Deutsche Bank (DB) is weighing options including the sale of most of its asset management unit, while Belgium’s KBC Groep may dispose of businesses in Poland.
Such sales are an unintended consequence of the decision by European regulators to make banks increase capital—a buffer that protects against credit losses—to help them survive the worsening sovereign-debt crisis. The European Banking Authority on Dec. 8 ordered the region’s financial companies to raise €114.7 billion of additional capital by the middle of 2012.
To reduce their reliance on the markets for funding, banks across Europe have pledged to cut assets by more than €950 billion over the next two years, according to data compiled by Bloomberg. About two-thirds of that will come from sales of profitable units and performing loans, says Huw van Steenis, a Morgan Stanley (MS) analyst in London. While it may be hard to get premium prices for those businesses in a crisis, other options for raising money are even less appealing. Lenders don’t want to issue additional shares because their stock prices are too low: The Bloomberg Europe Banks and Financial Services Index is down 33.5 percent this year. Selling troubled loans is also problematic. If the banks accept the low prices investors are willing to pay, the lenders would have to record losses on the loans, and those losses would erode their capital. As a result, distressed assets and souring loans will account for just 4 percent of asset reductions over the next two years, according to van Steenis.
That leaves selling entire business units outside of their domestic markets. These are the most profitable parts of their business,” says Azad Zangana, European economist at London-based Schroders (SHNWF), citing Spanish and Portuguese banks selling assets in Latin America. “You begin to become a less profitable organization. Your business model stops working if you’re being forced to lend only to an economy that’s going through a very deep recession.”
By shedding some of their best assets, the sales may make banks less stable. “Lenders are selling more liquid assets so they can get a price that avoids additional capital losses,” says Joseph Swanson, co-head of restructuring at Houlihan Lokey in London. “Unfortunately, this strategy can result in lower asset quality and increased earnings volatility.”
Santander completed the sale of its Brazilian insurance operations to Zurich Financial Services for $1.7 billion in October. The Spanish bank also sold a $958 million stake in Banco Santander Chile (SAN), the South American country’s biggest bank by assets. The Chilean bank’s net profit grew 45 percent between 2008 and 2010 and may increase 15 percent this year, to about $970 million, according to analyst estimates compiled by Bloomberg. Santander said it will also sell a stake in its Brazilian banking unit. The Spanish lender’s planned sale of part of its U.S. consumer loan business to a group led by KKR (KKR) may cut net profit for Santander’s shareholders by €150 million, according to an Oct. 28 estimate by Raoul Leonard, an analyst at Royal Bank of Scotland Group (RBS) in London. “Assuming multiple asset sales may be in the pipeline, this could lead to a meaningful negative drag” on earnings, Leonard wrote. A spokeswoman for Santander declined to comment.
Latest China food safety scandal widens to oil
Thursday, Dec 29, 2011
SHANGHAI - Chinese authorities have recalled cooking oil products made by three companies after finding they contained the same type of cancer-causing toxin recently found in milk, state media said Thursday.
A product safety watchdog in the southern province of Guangdong suspended operations at plants owned by the firms, which made oil containing excessive levels of aflatoxin, caused by mould, the Xinhua news agency said.
The incident comes after leading dairy firm Mengniu revealed at the weekend that authorities found high levels of aflatoxin in a batch of milk before it was sold, caused by cows eating mouldy feed at a farm in southwest China.
Aflatoxins, which affect grains and other agricultural products, can increase the risk of cancer, including liver cancer, according to the World Health Organisation.
The oil was made from peanuts, Xinhua said, naming the producers as Fusheng Oil, Manyi Peanut Oil and Mabao Oil.
It was not known if any of the tainted oil had reached consumers, it added.
Chinese state media and netizens, meanwhile, have blasted Mengniu as consumers voice anger over yet another food safety scandal to hit the country, despite repeated crackdowns on product safety violations.
In an editorial Thursday, the state-run China Daily newspaper called on Mengniu to improve quality, saying the reputation of the entire dairy industry was at stake.
"Consumers' tolerance of food safety issues is wearing ever more thin and Mengniu's reputation is unlikely to survive another scandal," it said.
Milk was at the centre of one of China's biggest food safety scandals in 2008 when the industrial chemical melamine was found to have been illegally added to dairy products to give the appearance of higher protein content.
At least six babies died and another 300,000 became ill after drinking milk tainted with the chemical.
Mengniu and several other companies were implicated, and the government at the time vowed to better regulate the dairy industry.
December 29, 2011, 8.21 am (Singapore time)
Japan's Nikkei falls ahead of Italian debt sale
TOKYO - Japan's leading share index fell on Thursday before an Italian debt sale after US and European shares fell overnight on renewed concerns over euro zone sovereign debt turmoil.
The Nikkei average was down 0.8 per cent at 8,357.71, while the broader Topix slipped 0.4 per cent to 718.69. -- REUTERS
phantom_opera
29-12-11, 18:45
EURUSD big plunge below 1.29 :scared-3: Finally the QE1.5 works.
Wednesday, Dec 28, 2011
Reuters
S'pore developers warn of recession after cooling measures
SINGAPORE - The Singapore government's latest measures to cool the residential property market may cause the economy to slip into a recession, the Real Estate Developers' Association of Singapore (REDAS) said.
"Industry players are of the consensus view that the measures will, at least in the short term, negatively impact property sales volume and price," REDAS President Wong Heang Fine said in a message to members issued late on Tuesday.
Quoting an unnamed analyst, Wong said the measures could tip the economy, already on the edge, into a recession.
"With real estate activities accounting for some 5.2 per cent of GDP, a 25 per cent fall in property transactions in 2012 could shave GDP growth by about 1.3 (percentage points)," he said.
Singapore this month introduced new measures requiring buyers who are not Singapore citizens or permanent residents to pay an additional 10 per cent stamp duty when they buy residential property, on top of the existing 1-3 per cent in stamp duties.
Developers would also have to pay an additional stamp duty if they failed to complete selling all the units in a residential project within five years of acquiring a site.
Foreign buyers accounted for 19 per cent of all private residential property purchases in the second half of 2011, up from 7 per cent in in the first six months of 2009, according to government data.
Wong, who heads the Singapore residential business of Southeast Asia's biggest developer CapitaLand, said the latest government measures shocked developers, given the slowing global economy that had already affected the trade-dependent city-state.
Singapore said last month its economy could contract in the current quarter and growth next year is likely to slow to 1-3 per cent due to the weakness in Western economies.
Monday, Dec 12, 2011
AsiaOne
Singapore may lose status as major property investment destination
Singapore's reputation as major property investment destination may have been damaged by the heavier stamp duties announced last week, The Straits Times reported today, giving rivals such as Hong Kong and Britain a boost.
The paper said Britain-based consultancy Black Brick Property Solutions has received inquiries from Asian and overseas investors who were interested in Singapore property but have since been deterred by the new tax rules.
The Government announced unprecedented stamp duty taxes on Dec 7. Foreigners who want to purchase any residential property here must now pay an additional buyer's duty of 10 per cent on top of the existing buyer's duty of about 3 per cent that applies to the purchase price or market value of the property, whichever is higher.
Corporate entities are also subjected to the 10 per cent tax. Others that will be affected include Singaporeans and permanent residents who invest in property.
The move is expected to dampen foreign demand, The Straits Times said, while increasing interest in other markets like Britain and Hong Kong, which do not have such restrictions.
An earlier Dec 8 Straits Times report said this is the first time in 15 yeras that foreigners have been targeted by measures to cool the property market.
The Real Estate Developers' Association of Singapore (Redas) was disappointed by the "lack of consultation" on the measures and called them "untimely", the Dec 8 report said.
Related:
» US, Swiss citizens can avoid new Singapore stamp duty-paper
» Govt introduces additional cooling measures
» Developers taken aback by govt property curbs
» Developers dangling discounts for buyers
The National Development Ministry (MND) replied via a Straits Times report on Dec 9 that it was "not possible for the Government to conduct direct consultations with industry players before implementing demand measures as these are market-sensitive".
Citizens of five countries will be treated as Singaporeans for the new stamp duty measures. These countries -- the United States, Switzerland, Liechtenstein, Norway and Iceland -- all have free trade deals with Singapore, another Straits Times report said.
i used to haf fun everyday
now u dun see me bash him everyday....do u?
moron, you kena bashed everyday instead......
some more begging for information....what a shame....:)
The 21X,XXX is number of views, not viewers. They are different
many of "views" probably contributed by you, I reckon?
you can play with your words....
many contributed by you too....
I am not so free to view everyday....I just post....
all these rubbish fools....
EURUSD big plunge below 1.29 :scared-3: Finally the QE1.5 works.
gold goes to 1522...if can break below 1500, will go to 1400 pretty fast.....
very nice......
r u admitting wat u post simply rubbish? LOL
only moron said such thing.....
you can play with your words....
many contributed by you too....
I am not so free to view everyday....I just post....
all these rubbish fools....
.....so busy posting got time to read properly or not?
proud owner
30-12-11, 07:46
....wah...think you should change ur nickname now - if you agree with Basic.....he thinks all owners are moron...so how can you be proud if you agree with him....
i like his CUT AND PASTEs ... agreeing on it or not will be based on my own assessment of the markets... better than those self written articles by others ..who used the star signs ..etc to predict the mkt and yet at the end of the articles ..it says nothing ..we learn nothing ..
as to him calling others morons ... i dont like name calling .. i dont agree ..but i dont have to rebutt him ...
the more one rebutts him .. the more name calling he will respond...
who started it first ? one needs to go read back to the front of the thread to decide .. i believe .. he used the MORON word first ... BUT readers get so sensitive and offended ..that they said HE called everyone else a MORON ...
i didnt feel that way .. cos he referred to those who still think property prices will go up and are still buying ...
since i dont think prices will go up and i am not buying .. so the word did not apply to me ...
so .. read if i like
dont read if i dont like ...
no need to disagree openly ...
if everytime someone say something and those who disagree start to fight back ... then what is the purpose of this forum ? we will gain nothing from it ... but only wasting time reading people 'quarrelling"..
Why Banks don’t want you to withdraw Cash
December 29th, 2011
although they shouted print & print, there is no cash available.....
banks dare not loan out.....Europe has no money to buy US$, so shortage of US$.....
the real fact is most country already bankrupt....you dare to loan to bankrupt without collateral??.......
same to mortgage loan, you sure banks can collect loan back in next 20-30 yrs?? collateral enough??......
Interview: Merkel Economic Advisor Does Not Exclude Eurozone Break Up
December 29th, 2011
so Euro break up is an agenda......let do it....
Celente Warns of 2012: Economy Will Crash, Banks Will Close, Chaos Will Ensue, Military Will Take Over
December 29th, 2011
sure....all these will unfold in & from 2012......
you can play with your words....
many contributed by you too....
I am not so free to view everyday....I just post....
all these rubbish fools....
I don't play with words, just to correct yours to prevent any potential misunderstanding
devilplate
30-12-11, 09:20
mabe richie$$$ should set up his own thread and we all shall leave this thread alone for Mr B to chant and tok to himself everyday ;)
thomastansb
30-12-11, 09:23
Basic, just to make you happy. Btw, this report is dated Q1 2009. Just before property spiral up 40%. Just to let you and everyone knows such reports are NOT accurate. It is 50/50.
More pain to come for Singapore’s property market
IF YOU thought the local property market was fairly close to bottom and it was time to start looking at bargains, think again. That’s what US banking giant Citigroup says in a new report on Singapore property titled Bear Trap: Sell into Strength. The way Citi’s property analysts Wendy Koh and Tan Chun Keong see it, there is likely to be a lot more pain in Singapore property in year ahead before we will even see the glimmer of any gain.
http://www.theedgesingapore.com/index.php?option=com_content&view=article&id=1623:assif-article&catid=972:Assif%2520Shameen%2520%282009%29&Itemid=54
devilplate
30-12-11, 09:25
we all view this thread...post in this thread....mr b tot his thread so so pop wor.....wakakakaka
Bank lending has tightened: Fed
Dec 30, 2011
China is very worry now.....fund & investment flow out...SSE keep dropping, property crashing....
so china must push up RMB to attract foreign funds now, very tough.....so no way to see China to cut rate in next few quarters.....instead they may hike rate instead to stop fund outflow.....
when all western funds & investment out of Asia & spore, will see rate hike......
mabe richie$$$ should set up his own thread and we all shall leave this thread alone for Mr B to chant and tok to himself everyday ;)
haha...you can get lost.....:)
devilplate
30-12-11, 09:35
haha...you can get lost.....:)
well.....but nothing much to keep me busy leh....so i ended tcss wif u
i am numb by u calling fools and moronic oredi.....bcoz i noe u dun hf anything else to reply tats y scold scold lor....hehehe
More evidence the Fed needs to be audited and eventually dismembered: Bailing Out European Banks: Bernanke and Fed Deceived Congress
December 29th, 2011
this only show that US FED is very panic & desperate.......
fundamentally cannot justify any borrowing.....so is useless eventually....
FED will be gone eventually........on what they have done in last few yrs...everything has to pay back....
well.....but nothing much to keep me busy leh....so i ended tcss wif u
i am numb by u calling fools and moronic oredi.....bcoz i noe u dun hf anything else to reply tats y scold scold lor....hehehe
so jialat...kena bashed till numb......:)
devilplate
30-12-11, 09:44
so jialat...kena bashed till numb......:)
ppl start to curse and swear when they got nothing else to tok back mah
i truely understand tat from u :D
ppl start to curse and swear when they got nothing else to tok back mah
i truely understand tat from u :D
haha....you started personal attck 1st...then I reply accordingly to your personal....nothing to do with nothing to tok back.....
1st European domino?
December 29th, 2011
can be anything....country, bank, oil price.....
devilplate
30-12-11, 09:55
haha....you started personal attck 1st...then I reply accordingly to your personal....nothing to do with nothing to tok back.....
everything to u is personal attack
i did not even scold u fools, morons and ur family......y isit tat i had personal attacked u?
devilplate
30-12-11, 09:58
Abusive ad hominem (also called personal abuse or personal attacks) usually involves insulting or belittling one's opponent in order to attack his claim or invalidate his argument, but can also involve pointing out true character flaws or actions that are irrelevant to the opponent's argument. This tactic is logically fallacious because insults and negative facts about the opponent's personal character have nothing to do with the logical merits of the opponent's arguments or assertions.
devilplate
30-12-11, 09:59
Abusive ad hominem (also called personal abuse or personal attacks) usually involves insulting or belittling one's opponent in order to attack his claim or invalidate his argument, but can also involve pointing out true character flaws or actions that are irrelevant to the opponent's argument. This tactic is logically fallacious because insults and negative facts about the opponent's personal character have nothing to do with the logical merits of the opponent's arguments or assertions.
so by calling ppl fools/morons etc have nothing to do with the logical merits of the opponent's arguments or assertions
This tactic is logically fallacious
Alan Shearer
30-12-11, 10:03
Banks here have plenty for loans.
Just took 3mil this A.M.
Of course I expect to make some very quick profits by not listening to the MORON Basic.
everything to u is personal attack
i did not even scold u fools, morons and ur family......y isit tat i had personal attacked u?
no point to argue.....all the posts are in this thread.....
you deserve it....
Banks here have plenty for loans.
Just took 3mil this A.M.
Of course I expect to make some very quick profits by not listening to the MORON Basic.
MORONIC DOG......
just because you cannot take my posting....whatever will be will be....
Bob Chapman: 2012 is going to be quite a year with falling economies in the UK, Europe, the US, China, Japan and the remainder of Asia.
December 29th, 2011
sure...asia will be hardest hit....
WAR DRUMS: Iran films US aircraft carrier near Strait of Hormuz
December 29th, 2011
Oil Production Requires Peace
December 29th, 2011
very closed now.....
Alan Shearer
30-12-11, 10:42
Aircraft Carrier has been there for years. Why not film every day?:sleep:
What Worries us Most: Economic Collapse
December 29th, 2011
Fed Swap Lines Jump 59% In A Week As Japan Shows Its Hand
December 29th, 2011
basically everybody is bankrupt.....just who is honest to admit & re-build from there....
human without gut to face reality is gone case....
Alan Shearer
30-12-11, 11:11
OK, change ur name from Basic to 'gone case' and you'll be just fine moron
OK, change ur name from Basic to 'gone case' and you'll be just fine moron
moron...forever a moron.....
If cannot take it...get lost.....
內地散戶 人均輸四萬
HSBC China manufacturing PMI 48.7 in December
December 30, 2011
every investor, few hundreds million of them, lost ~S$10k.....
when property bubble burst....similar number for total population.....
China PMI has been below 50 for few months.....keep contracting month by month...
the worse is yet to come....
Alan Shearer
30-12-11, 11:58
Get lost yourself fool.:tongue3:
Get lost yourself fool.:tongue3:
ok...will post more for you...till your property down >50%......:)
The Number One Catastrophic Event That Americans Worry About: Economic Collapse
December 30th, 2011
2012......
The CEO of the second largest retailer in France: “We’re experiencing the beginning of the repercussions of the financial crisis”
December 29th, 2011
market knows what is going to happen soon......
Regulators
30-12-11, 13:03
We are still waiting for you to post evidence of your 50% drop in price. I will pay you 10% commission if you can get me paterson residences at $1000psf.
ok...will post more for you...till your property down >50%......:)
Alan Shearer
30-12-11, 13:05
YOU DO NOT HAVE A CLUE WHAT YOU ARE TALKING ABOUT. YOU ARE INSANE.
Alan Shearer
30-12-11, 13:12
All 338 units at The Tennery in Bukit Panjang have been sold, said Mr. Basic of developer Far East Organization (FEO).
Mr. Basic noted that the small office, home office (Soho) apartment project was sold over the span of a year at an average price of S$1,200 psf.
Over 80 percent of the buyers were Singaporeans and permanent residents (PRs) who can expect huge gains of more than 50% in the very near future he added.
YOU DO NOT HAVE A CLUE WHAT YOU ARE TALKING ABOUT. YOU ARE INSANE.
whow! this place like pearl harbour.:scared-5:
2012: World On the Brink – A Number of Crucial Issues Will Converge Within The Next 12 Months.
December 29th, 2011
Another Recession or Double Dip? Oil Inventories Jump And Kansas City Fed Manufacturing Drops To 28 Month Low
December 29th, 2011
wait patiently.....
Alan Shearer
30-12-11, 13:56
Come this time next year we will be asking 'where is basic?' as we count our profits at the end of the biggest boom year in the history of mankind.:cheers4:
YOU DO NOT HAVE A CLUE WHAT YOU ARE TALKING ABOUT. YOU ARE INSANE.
panic till ki siao liao......
Alan Shearer
30-12-11, 14:01
Speak English you little turd
We are still waiting for you to post evidence of your 50% drop in price. I will pay you 10% commission if you can get me paterson residences at $1000psf.
another one.....
Speak English you little turd
moronic dog.....
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