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STI Down 70 points

gingerlyn

Alfrescian (Inf)
Asset
good. it worries me if it is always up and up and up.
nobody hold demonstration infront of istana, so all happy!!
 

JohnTan

Alfrescian (InfP)
Generous Asset
Buffett advised us to be greedy when others are fearful and to be fearful when others are greedy!

Buy! Buy!
 

dancingshoes

Alfrescian
Loyal
Buffett advised us to be greedy when others are fearful and to be fearful when others are greedy!

Buy! Buy!

haha...that's the impact of the dragon, CHINA! they cut their Yuan and now it has depreciate more than 2% against most currencies. most importantly, i made some.
 

johnny333

Alfrescian (Inf)
Asset
Pap MPs are one of the biggest owners of Spore shares. They must have gotten them free as board members. With some MPs leaving or being kicked out, maybe they are selling their shares. :confused:

They might be preparing to run road. If PAP loses their majority, it is going to be uncomfortable place for the PAP.
 

halsey02

Alfrescian (Inf)
Asset
STI is down 70points in 2minutes.

Had not seen suckhfree fall since the Asian Financial Crisis, when my "blue chips" & what ever "chips" became , "tapioca chips"....& took an extremely hard knock....nearly lost my pants...nearly!!.
 

halsey02

Alfrescian (Inf)
Asset
Buffett advised us to be greedy when others are fearful and to be fearful when others are greedy!

Buy! Buy!

But when the government invest greedily the 60% of the population are not even fearful, they must have stout hearts & Warren Buffet, have not met the 60% of the Singapore population or he would have eaten his words & committed harakiri!
 

laksaboy

Alfrescian (Inf)
Asset
Only the peasants are worried about whether their beloved gor pio goes up or down.

The elite rich still make their money while the lesser mortals get burnt at the financial casino. :cool:
 

halsey02

Alfrescian (Inf)
Asset
Only the peasants are worried about whether their beloved gor pio goes up or down.

The elite rich still make their money while the lesser mortals get burnt at the financial casino. :cool:

The best time to make money is when the stock market, the property market is down....if you have very deep pockets. At the moment I have no holdings, all sold long before the market started going south, collected good dividends plus profits after prices had increased....now slowly beginning to 'look like a vulture'...... maybe picking up 'good dead bodies"....in the market.
 

laksaboy

Alfrescian (Inf)
Asset
The best time to make money is when the stock market, the property market is down....if you have very deep pockets. At the moment I have no holdings, all sold long before the market started going south, collected good dividends plus price increased....now beginning to 'look like a vulture'......picking up 'good dead bodies"....in the market.

Yes, that's how Nathan Rothschild made his fortune. Spread false news to the market, everybody panic selling, then he bought everything up at a great discount.
 

halsey02

Alfrescian (Inf)
Asset
Yes, that's how Nathan Rothschild made his fortune. Spread false news to the market, everybody panic selling, then he bought everything up at a great discount.

When all these analysts , commentators, the Shit Times, the whatever !!....tell you to buy...YOU SELL, tell you to SELL, you buy....if they tell you it is a good buy ( it is a GOOD BYE) & tell you, you can make this & that ( they have already eaten their fill)...& when these people collectively starts "holding" in the market.... "CAVEN CANEM" don't get " bitten & get rabies"... ha ha ha
 

dancingshoes

Alfrescian
Loyal
Singapore heads for slowest growth since 2009 after dismal Q2

Official GDP forecast for 2015 is pared to 2-2.5% from 2-4%

As the government pared its economic growth forecast for 2015 on Tuesday after dismal second-quarter numbers, a key question being asked is whether the clampdown on foreign labour in Singapore could be putting too much of a squeeze on the wobbly local economy.

The benchmark Straits Times Index also tumbled 1.4 per cent or 43.60 points to 3,153.06 - its lowest level since last October - after the Ministry of Trade and Industry shaved its official gross domestic product (GDP) growth estimate for the full year from 2-4 per cent to just 2-2.5 per cent - even worse than the 2-3 per cent range most economists had been expecting.

The upper limit of just 2.5 per cent growth means that the economy is headed for its slowest pace of expansion ever since its 0.6 per cent contraction in 2009 in the depths of the global financial crisis.

The narrower growth forecast range came after a lacklustre 1.8 per cent expansion in Q2 GDP from the previous year, which was largely due to a contraction in the manufacturing sector. Though this number was slightly better than the flash estimate of 1.7 per cent growth and the revised market consensus of 1.6 per cent, it still marked a significant slowdown from the 2.8 per cent year-on-year expansion the economy notched up in the first quarter of this year.

GDP also shrank 4 per cent in Q2 from the preceding quarter, essentially erasing its 4.1 per cent quarter-on-quarter gain in Q1 this year. The slide raises the spectre of a potential technical recession, economists said. Still, unless there is a significant change in economic conditions, the Monetary Authority of Singapore is expected to keep its monetary policy stance unchanged at its October review as it focuses on inflationary pressures, which are still a concern because of higher costs resulting from tight labour policies.

To some economists, the poor showing in Q2 provides yet another sign that the restrictions on foreign labour inflow are too strict, piling pressure on firms already facing an environment of global and regional economic uncertainty.

"The foreign labour measures are overly tight and risk tipping the economy into recession. Manufacturing is already in recession, with the contraction worsening in the second quarter," said Bank of America Merrill Lynch economist Chua Hak Bin, adding that labour productivity in the Republic "shows few signs of improving in the second quarter, remaining negative despite the government's productivity campaigns".

China's move on Tuesday to devalue the yuan could put more pressure on Singapore's exports and already-faltering manufacturing sector while weak growth in Southeast Asia will likely drag down Singapore's prospects, he added.

DBS economist Irvin Seah said that though the uncertain external environment was partly responsible for the disappointing GDP growth in Q2, overly tight foreign worker curbs also played a role by limiting companies' ability to grow. "There are better approaches to restructuring the economy rather than tightening the policies on foreign labour ... What should have been the emphasis over the past few years of restructuring should instead be growing our local enterprises and promoting top-line growth."

Others told The Business Times that the existing foreign labour curbs were a necessary medicine. "The foreign worker tightening is a necessary adjustment for the labour force to make a jump in its skills mix and for it to become more efficient," said Barclays economist Leong Wai Ho. "Unless there is a systemic shock - as opposed to the current slowdown - we should not detract from this needed adjustment. It will pay us dividends in terms of our ability to compete globally in the longer term."

http://www.businesstimes.com.sg/gov...for-slowest-growth-since-2009-after-dismal-q2
 
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