Using our brains is fun.
Do they surf SBF?
bro run is also a smart man and not weird...
bro run is also a smart man and not weird...
Run and Krafty
market drop so much, any good buy?
correction lai liao...can buy
i am focusing my qi on tonite's 5 million toto...:o
Run and Krafty
market drop so much, any good buy?
correction lai liao...can buy
Good brother, RUN is humbled
well deserving smart label...
what is bond swap? explain lay man terms thanks...
http://www.straitstimes.com/news/as...-six-banks-manage-domestic-bond-swap-20140801
In the article, it defines bond swap as Philippines reducing their short-term bonds and increase long-term bonds
- Long-term bonds allow u to fix the financing cost for a longer time period BUT BUT BUT interest rates are usually higher for bonds of longer maturity.
- Philippines think it is worthwhile doing so = philippines project interest-rates to increase in the near future (lock-in the low rates now)
- Another possibility is that long-term bonds are trading at a high premium/price = worthwhile to issue/sell more long-term bonds
paiseh RUN never study hard in school, that's what he interpret from the article. RUN didn't know that the above example can be consider bond-swap.
RUN was taught that bond swap is like bond-switching for bond investor:
- switch between different maturities of the same issuer if there's a profit from offloading one and the interest rate environment is not expected to change based on the maturity of the longer-term bond. Eg. Hyflux 5Y is more expensive than Hyflux 2Y + interest rates not likely to change in the next 5 years
- switching between bonds of similar maturity between different issuers to arbitrage yields between issuers of similiar risk. Eg. OCBC and UOB giving different yields.
- taxation (not applicable in Singapore). Some countries tax bond dividends and bond capital gains differently. Switching can give the bondholder an option to choose capital gain, or guai guai harvest dividend income
The above diagram concluded that
1. Smart people tells others their goals (RUN only write them down)
2. Smart people reads at least 15min a day (RUN got read a lot)
3. Smart people are less horny (RUN is very horny)
4. Smart people loves drinking (RUN only drink when he is sad)
5. Smart people loves drugs (RUN prefers anti-depressants)
6. Smart people sleeps late (RUN also)
7. Smart people are anxious (RUN experienced panic attacks)
Overall: RUN is not here not there.
The above diagram concluded that
1. Smart people tells others their goals (RUN only write them down)
2. Smart people reads at least 15min a day (RUN got read a lot)
3. Smart people are less horny (RUN is very horny)
4. Smart people loves drinking (RUN only drink when he is sad)
5. Smart people loves drugs (RUN prefers anti-depressants)
6. Smart people sleeps late (RUN also)
7. Smart people are anxious (RUN experienced panic attacks)
Overall: RUN is not here not there.
you are above average...dun worry about anxiety, you should meet me and bro erection for a drink at one of our joint in town, better still look for joe in bkk. all worries gone...guaranteed!
can share your experience about panic attack?
masturbating helps.
Do smart people masturbate?