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Singapore Money

S

SgGoneWrong

Alfrescian (Inf)
Asset
Sinkies are very lucky to have pap govt that makes sinkie dollars so strong.
Stronger than the fucked up AUD that has deteriorated from 1.3 to 1.03.

Sinkies HUAT AH !
PAP NO. 1 !
 
WuJianDao

WuJianDao

Alfrescian
Loyal
SgGoneWrong said:
Sinkies are very lucky to have pap govt that makes sinkie dollars so strong.
Stronger than the fucked up AUD that has deteriorated from 1.3 to 1.03.
Click to expand...

I wouldn't gauge a govt's performance based on FX strength. Malaysia is corrupted while Indonesia is in good leadership now but both FX collapsed hand-in-hand.

Using Australia as an example, their interest rates fell to a record low (maybe further cuts next month) while our 3M-SIBOR surged from 0.3% to 1.02% within a year (SOR increased from 0% to 1% concurrently). Likewise, Thailand's military govt also reduced interest rates.

So tell me, are Singapore's citizens or property investors are better off than Australians or Thais? I guess, not necessarily.

In short, the FX movement in 2015 is more about currency-war.
 
WuJianDao

WuJianDao

Alfrescian
Loyal
Financial literacy in Singapore slumps
April 14, 2015
http://www.cnbc.com/id/102583654

Is that why our debts got higher?
debt29.JPG
 
S

SgGoneWrong

Alfrescian (Inf)
Asset
WuJianDao said:
I wouldn't gauge a govt's performance based on FX strength. Malaysia is corrupted while Indonesia is in good leadership now but both FX collapsed hand-in-hand.

Using Australia as an example, their interest rates fell to a record low (maybe further cuts next month) while our 3M-SIBOR surged from 0.3% to 1.02% within a year (SOR increased from 0% to 1% concurrently). Likewise, Thailand's military govt also reduced interest rates.

So tell me, are Singapore's citizens or property investors are better off than Australians or Thais? I guess, not necessarily.

In short, the FX movement in 2015 is more about currency-war.
Click to expand...

One thing I know, holidaying in sg has become much more expensive for me whereas holidaying in aust for a sinkie has become much more cheaper. Sg sibor can surge to 1%+ but aust home loan rate is still over 4%+. Sg property market is firm and aust major cities house prices is still surging.
 
T

tanakow

Alfrescian
Loyal
What fuck lucky are you talking about? So USA is a fuck type country because its currencies deteriorated from 3 to 1.36?

SgGoneWrong said:
Sinkies are very lucky to have pap govt that makes sinkie dollars so strong.
Stronger than the fucked up AUD that has deteriorated from 1.3 to 1.03.

Sinkies HUAT AH !
PAP NO. 1 !
Click to expand...
 
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