View Full Version : Ah ben talk again..
He open mouth dow jones fly...
He say interest to stay low for long time...tq tq tq ah ben u best:p
dow at record high....kns sti dead:scared-2:
"the Fed reinforced its assurances that it’s a long way from raising borrowing costs, saying that its benchmark rate is likely to stay low “well past the time that the unemployment rate declines below 6.5 percent, especially if projected inflation continues to run below” the Fed’s 2 percent goal."
low interest property huat more cm its a vicious cycle:doh:
princess_morbucks
19-12-13, 06:18
Lol....I waited n waited last night but fell asleep a few minutes before the answer.
Huat arh!!
Taper to $75 bil but interest rate remains low
It said :
the move to taper the purchases was accompanied by a decision to extend the period of very-low interest rates.
The move means the current near-zero rate will be in place "well past the time" that the unemployment rate declines below 6.5 percent," said the FOMC communique.
http://www.channelnewsasia.com/news/business/international/dow-s-p-500-surge-to-new/927402.html?utm_source=dlvr.it&utm_medium=twitter
princess_morbucks
19-12-13, 06:34
But hor ........ they say
The Business Times @BTBreakingnews (https://twitter.com/BTBreakingnews) 49m (https://twitter.com/BTBreakingnews/status/413439471137210368) Fed funds rate projections cluster at near-zero by end-2014, 0.75% by end-2015, 1.75% by end-2016, 4% in longer run
they always say a lot of things...mostly bs:)
they always say a lot of things...mostly bs:)
This is really typical selecting what you want to heard. The whole story is tapering to 75 billion and interest rate to remain low for a long time (end of 2014). Then interest rate will increase to 0.75% at end of 2015, 1.75% at end of 2016 and 4% at longer run. This will mean that the interest rate will be coming up in the near future. Low interest rate environment will come to an end in 2016 (Projected). Of course we can listen to half the message. Not problem.
This is really typical selecting what you want to heard. The whole story is tapering to 75 billion and interest rate to remain low for a long time (end of 2014). Then interest rate will increase to 0.75% at end of 2015, 1.75% at end of 2016 and 4% at longer run. This will mean that the interest rate will be coming up in the near future. Low interest rate environment will come to an end in 2016 (Projected). Of course we can listen to half the message. Not problem.
after ah ben gone...next one come out different pattern say different thing all bs artists:scared-2:...we just listen what to do:cool:
princess_morbucks
19-12-13, 07:24
Ya.
We just live for the present.
No need to worry about the future too much.
Allthepies
19-12-13, 07:31
anyway stocks will move up for a while :rolleyes::rolleyes:
no matter whether interest rate will rise in end 2015, 2016 or even further...
This is really typical selecting what you want to heard. The whole story is tapering to 75 billion and interest rate to remain low for a long time (end of 2014). Then interest rate will increase to 0.75% at end of 2015, 1.75% at end of 2016 and 4% at longer run. This will mean that the interest rate will be coming up in the near future. Low interest rate environment will come to an end in 2016 (Projected). Of course we can listen to half the message. Not problem.
current 3m sibor = 0.40067
current 3m sor = 0.20818
does it mean by :- ?
end 2015, sibor = 0.40067 + 0.75 = 1.15067
end 2015, sor = 0.20818 + 0.75 = 0.95818
end 2016, sibor = 0.40067 + 1.75 = 2.15067
end 2016, sor = 0.20818 + 1.75 = 1.95818
current 3m sibor = 0.40067
current 3m sor = 0.20818
does it mean by :- ?
end 2015, sibor = 0.40067 + 0.75 = 1.15067
end 2015, sor = 0.20818 + 0.75 = 0.95818
end 2016, sibor = 0.40067 + 1.75 = 2.15067
end 2016, sor = 0.20818 + 1.75 = 1.95818
If we leave aside all other macroeconomic drivers like MAS monetary policy, sgd money supply, future fx forward rates, capital inflows/outflows, liquidity premium, i think you can assume any fed fund rate moves would be transmitted incrementally to sor or sibor
proud owner
19-12-13, 12:37
since mid 2013, many financial mkt players already expect USD rates to go up ...
short term rates can stay low for now, but medium and long term rates will go up ...
its a matter of time when front end of curve will follow up ...
I would be cautious going forward
phantom_opera
19-12-13, 20:12
i just know that Gardenia HIgh Fibre bread is now $2.40 ... any chance of it dropping 20% comes 2016? :beats-me-man:
I believe that 4% at longer run is no longer possible.
3% in the longer run at most before they cut to 0.25% again! :p
This is really typical selecting what you want to heard. The whole story is tapering to 75 billion and interest rate to remain low for a long time (end of 2014). Then interest rate will increase to 0.75% at end of 2015, 1.75% at end of 2016 and 4% at longer run. This will mean that the interest rate will be coming up in the near future. Low interest rate environment will come to an end in 2016 (Projected). Of course we can listen to half the message. Not problem.
Beware of SOR! Don't say I never say hor! :ashamed1:
current 3m sibor = 0.40067
current 3m sor = 0.20818
does it mean by :- ?
end 2015, sibor = 0.40067 + 0.75 = 1.15067
end 2015, sor = 0.20818 + 0.75 = 0.95818
end 2016, sibor = 0.40067 + 1.75 = 2.15067
end 2016, sor = 0.20818 + 1.75 = 1.95818
i just know that Gardenia HIgh Fibre bread is now $2.40 ... any chance of it dropping 20% comes 2016? :beats-me-man:
Jalan kayu nasi bryani is 7.50. Breadtalk bread is 1.70.
Jalan kayu nasi bryani is 7.50. Breadtalk bread is 1.70.
Transport fare also going up. Taxi flag down rate was 2.40.
Singapore Private property getting cheaper ????????
in my experience over last 20 years only thing that has not inflated is this:p
http://3.bp.blogspot.com/_ksnyusILTeE/SiTaMMBUBWI/AAAAAAAADRk/O2DgaCtkRF4/s1600/tiger+beer.jpg
It will take a long time to go back to 5%. Many country of first world is printing tons of money. Singapore will enjoy the improvement in US economy.
This is really typical selecting what you want to heard. The whole story is tapering to 75 billion and interest rate to remain low for a long time (end of 2014). Then interest rate will increase to 0.75% at end of 2015, 1.75% at end of 2016 and 4% at longer run. This will mean that the interest rate will be coming up in the near future. Low interest rate environment will come to an end in 2016 (Projected). Of course we can listen to half the message. Not problem.
Transport fare also going up. Taxi flag down rate was 2.40.
Fuel pup price also up mah. Use to to be $1.5 per L now 2.2 per L
Jalan kayu nasi bryani is 7.50. Breadtalk bread is 1.70.
Chiaseed breadtalk loaf $3.70...?
Chiaseed breadtalk loaf $3.70...?
Never come JB? Can get at half e price n better quality :) Most of e money goes into fat landlord's pocket in Singapore, instead of e food itself. This is robbing health from e people.
Allthepies
22-12-13, 11:23
Never come JB? Can get at half e price n better quality :) Most of e money goes into fat landlord's pocket in Singapore, instead of e food itself. This is robbing health from e people.
How much does a JB resident earns? The reason why JB is "cheaper" is because Singapore currency is much stronger 2.5x... Try working in JB and then you tell me whether cheap or not.....
A lot of singaporeans don't understand this point, in my company there are a bunch of such people, some are even masters, PhD and scholars.....
How much does a JB resident earns? The reason why JB is "cheaper" is because Singapore currency is much stronger 2.5x... Try working in JB and then you tell me whether cheap or not.....
A lot of singaporeans don't understand this point, in my company there are a bunch of such people, some are even masters, PhD and scholars.....
JB is just across a bridge. It is proximity effect. Just enjoy while e exchange rate is favorable.
How much does a JB resident earns? The reason why JB is "cheaper" is because Singapore currency is much stronger 2.5x... Try working in JB and then you tell me whether cheap or not.....
A lot of singaporeans don't understand this point, in my company there are a bunch of such people, some are even masters, PhD and scholars.....
Precisely why johoreans are working in sgp and living in jb. If they have the same oppty and system as us, we won't be enjoying this "discount"
Chiaseed breadtalk loaf $3.70...?
Prata egg 2.20. Kosong 1.20. Maggie growing with egg 5.50. Seriously, these mamak biz r out to kill
Prata egg 2.20. Kosong 1.20. Maggie growing with egg 5.50. Seriously, these mamak biz r out to kill
My side still got Kosong 70 cents only, just ate this morning, ha ha, enjoy while still can :)
My side still got Kosong 70 cents only, just ate this morning, ha ha, enjoy while still can :)
That's the right pricing for the kind of dining environment. 2.20 for egg is air con in a mall pricing.
Ai yoh, everything also gone up, including >80% of the people's incomes, so obvious food prices must go up! :beats-me-man:
In 1980s, a graduate earn $1200 pm. Take bus 1 trip $0.20 for 5 stops (let's say).
Now a graduate probably earn >$3300 pm - $6000 pm. Take bus 1 trip $0.80 for 5 stops, $3300-6000 pm - bus fares for 1 full month still much more than $1200 pm right?
That's the right pricing for the kind of dining environment. 2.20 for egg is air con in a mall pricing.
Precisely why johoreans are working in sgp and living in jb. If they have the same oppty and system as us, we won't be enjoying this "discount"
we have the convince of not needing to everyday cross the bridge.
Ai yoh, everything also gone up, including >80% of the people's incomes, so obvious food prices must go up! :beats-me-man:
In 1980s, a graduate earn $1200 pm. Take bus 1 trip $0.20 for 5 stops (let's say).
Now a graduate probably earn >$3300 pm - $6000 pm. Take bus 1 trip $0.80 for 5 stops, $3300-6000 pm - bus fares for 1 full month still much more than $1200 pm right?
Some reality check.
As Singapore gets richer, more people left behind
PUBLISHED DECEMBER 23, 2013
[SINGAPORE] Every day, through eyes clouded by glaucoma, Peter witnesses the spending power generated by Singapore's economic success, knowing he can only afford to look.
The 54-year-old shopping mall security guard is part of Singapore's hidden problem - a growing number of poor living on the margins in one of the world's most expensive cities.
The party that has run the city state since independence in 1965 has always preached the virtues of self-reliance, but for some the cost of looking after themselves has moved beyond their means.
Peter fears that he can not afford to treat his glaucoma, a condition that could threaten his sight, despite being eligible for subsidised surgery and other state benefits.
He was told treatment would cost over S$4,000 ($3,200), but the ailment only qualifies him to take up to S$1,700 from his state-administered healthcare savings.
Peter, who wanted his surname to be withheld as he did not have his employer's permission to speak to media, earns around S$1,600 ($1,300) a month working in the glitzy Orchard Road area.
Half of his salary goes paying off S$20,000 of debts run up when his wife broke her ankle two years ago, and they are also still paying off their small flat in a public housing block. "We have no savings," he mumbled, recounting how he had borrowed from 18 moneylenders after his wife's accident.
COMPULSORY SAVINGS
Singapore operates a system of compulsory savings, supplemented by employer contributions, for retirement and healthcare through its Central Provident Fund (CPF). Private insurance schemes are also available.
Yet, Mindshare, a global media and marketing services firm, found in a survey last year that 72 per cent of Singaporeans felt they "cannot afford to get sick due to high medical costs".
Data for 2002 to 2011 shows the government paid for less than one third of all healthcare costs, whereas the average for developed countries in the Organisation of Economic Cooperation and Development was between 60-70 per cent.
Mounting unease over the number of voters who feel excluded from the comforts of living in Singapore has persuaded the People's Action Party (PAP) to re-set its goals.
At a convention this month, the ruling party issued its first new resolution in 25 years, promising to improve living standards for all, create quality jobs, and provide affordable healthcare.
Minister for Social and Family Development Chan Chun Sing said the government is ready to help citizens struggling to meet medical costs, but some were unaware of the support available. "Very often, the people who are most in need may not read the newspapers, access the Internet or even understand English,"he told parliament last month. "They need people who can talk to them in their language, people who will knock on their doors, check on them to see whether they are okay, and explain some of these assistance schemes to them."
MORE MILLIONAIRES, BIGGER GAP
The city-state has seen a huge rise in wealth over the past decade as it positioned itself as a luxury low-tax base for ultra-wealthy people from across the world.
Per-capita GDP of S$65,048 exceeds that of the United States and Germany. And surveys highlight how Singapore, with a population of 5.4 million people, has more millionaires per capita than any other country. The Economist Intelligence Unit ranks it as the world's sixth most expensive city.
But data published by the CPF shows the proportion of Singaporeans earning less than half the median income - an international yardstick for measuring the proportion of poor people - rose to 26 per cent in 2011 from 16 per cent in 2002. "As one of the world's richest nations, we can afford to do better," Caritas Singapore, the Catholic Church's social outreach arm, said at the launch of an advertising and social media campaign to highlight the plight of the poor.
About 12 per cent of the 2 million Singaporeans at work earn less than S$1,000 a month. Whereas, Hui Weng Tat, an associate professor in economics at the Lee Kuan Yew School of Public Policy, reckons a typical worker needs a minimum S$1,400-S$1,500 a month to cope with living costs.
The city-state's Gini co-efficient, a measure of income inequality, hit 0.478 in 2012, according to government figures, higher than every other advanced economy aside from Hong Kong.
Unlike Hong Kong, Singapore has not set an official poverty line, and the government has rejected calls to introduce a minimum wage.
What PAP has done is to make it harder for firms to recruit low-cost foreigners, tighten requirements to boost wages at the low-end, and amend labour laws to give more job security.
There are also plans to expand social protection and increase spending on healthcare. And while Singapore isn't going to raise income tax anytime soon, it has raised taxes on bigger cars and luxury homes. "There's more to be done," Finance Minister Tharman Shanmugaratnam said during a recent dialogue with diplomats and university students. "I'm not satisfied with the situation in the way it is." - Reuters
http://www.businesstimes.com.sg/breaking-news/singapore/singapore-gets-richer-more-people-left-behind-20131223
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