How fast the CPF min sum inflation?

[phantom_opera]

http://mycpf.cpf.gov.sg/CPF/my-cpf/r.../Reach55-2.htm

You see in 2003, it was so crystal clear that 80k min sum in CFP SA is a joke for retirement ... it has to be inflated so that Singaporeans save more into CPF SA to prepare for retirement

In 2003, CPF min sum was 80k, after 10y, 148k

About 6.2% pa compound

[phantom_opera]

yet at the same time, M3 has expanded much faster

2003
May 191,406.9

2013
May P 506,651.4

about 9.8%pa

[taggy]

yet at the same time, M3 has expanded much faster

2003
May 191,406.9

2013
May P 506,651.4

about 9.8%pa

Alamak 2013's 148k is bigger joke than 2008's 80k lah

[heehee]

Did people's pay increase by 6.2% compounded?

Did Poor people's aid by govt increase by 6.2% compounded?

If not, something must be wrong.

http://mycpf.cpf.gov.sg/CPF/my-cpf/r.../Reach55-2.htm

You see in 2003, it was so crystal clear that 80k min sum in CFP SA is a joke for retirement ... it has to be inflated so that Singaporeans save more into CPF SA to prepare for retirement

In 2003, CPF min sum was 80k, after 10y, 148k

About 6.2% pa compound

[phantom_opera]

Alamak 2013's 148k is bigger joke than 2008's 80k lah

you got my point

but don't be surprised that CPF SA min sum will play catch up in next 10y and reach 300k soon

our PM has said when baby boomers age, PAP will draw more from reserve to help them ... let's see

[phantom_opera]

and CPF is very proud that with a min sum of 139k (last year), their annuity payout outperforms NTUC Income by 100% which is around 1.2k pm where payout starts at 65

http://mycpf.cpf.gov.sg/NR/rdonlyres...Comparison.pdf

[phantom_opera]

how many active members can meet CPF min sum .. the decling trend simply could hit below 10% 10y later .... our reserve better be big to "distribute" later lol

[phantom_opera]

yet at the same time, M3 has expanded much faster

2003
May 191,406.9

2013
May P 506,651.4

about 9.8%pa

using rule of 144, it will take just another 15y to quadruple amount of money in Singapore

huat ah huat ah

[taggy]

using rule of 144, it will take just another 15y to quadruple amount of money in Singapore

huat ah huat ah

in view of overwhelming money supply, better quickly go take maximum loan to exchange for something that cannot multiply in supply so quickly...

[phantom_opera]

despite Asian currency crisis, Nasdaq crash, Lehman shit our M3 tripled in last 15y

ok I should feel 3x richer lol

[phantom_opera]

meanwhile in china


M2 growth has exceeded the government’s 2013 target of 13 percent every month, reaching a peak of 16.1 percent in April.

[phantom_opera]

India


The Reserve Bank left borrowing costs at 7.25 percent in June, after 25 basis-point cuts in January, March and May each. Asia’s third-largest economy expanded 5 percent last fiscal year, the slowest pace in a decade.
Consumer-price inflation in June quickened from 9.31 percent in May and remained the second-fastest in the Group of 20 major economies.

[phantom_opera]

brazil
SAO PAULO, June 21 (Reuters) - A rise in public transport fares, which sparked massive protests across Brazil, also helped push inflation above the ceiling of the government's target. Brazil's benchmark IPCA-15 inflation index rose 6.67 percent in the 12 months through mid-June, up from 6.46 percent one month earlier, statistics agency IBGE said Friday. The government targets inflation at 4.5 percent with a tolerance margin of 2 percentage points in either direction. On a monthly basis, inflation rose 0.38 percent, in line with the median of analysts' forecasts.

[leesg123]

Did people's pay increase by 6.2% compounded?

Did Poor people's aid by govt increase by 6.2% compounded?

If not, something must be wrong.

Food for thoughts:

Did people's economic output also increase by 6.2% compounded?
Did people's hardwork and effort also increase by 6.2% compounded?