I think Sibor increase is in anticipation of Fed rates increase. However, last min CNY devalued and thebincrease got postponed.
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Lawrence Wong can prevent the housing crash?
- Thread starter hbk75
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I think Sibor increase is in anticipation of Fed rates increase. However, last min CNY devalued and thebincrease got postponed.
Wait till more TOP in mid to late 2016
I beg to differ. There is a cost to print too, beyond the possibility of hyper inflation
Small market easy to manipulate-esp if they control both the supply (land sales/HDB) and demand (criteria for buying HDB/immigrants/foreign workers).
In the last economic slowdown, our property prices actually went up (except for a brief period)-defying fundamentals of economics.
Same thing for industrial and retail properties-controlled by them.
In the last economic slowdown, our property prices actually went up (except for a brief period)-defying fundamentals of economics.
Same thing for industrial and retail properties-controlled by them.
Performance is never a criterion in the evaluation of the ministar. One ministar blew the budget of an insignificant event by millions and he still has the job. Another ministar has allowed our relations with our big neighbour go down the longkang and resulting in us suffering from haze, he is earning more millions.
When you are in the PAP, you can pigout and pigout to your delight as long as you like.
When you are in the PAP, you can pigout and pigout to your delight as long as you like.
pap is going to weaken sgd. expect sibor to spike up more. good luck to the 70% fools.
SINGAPORE: As the Monetary Authority of Singapore (MAS) prepares for its upcoming policy meeting later this month, economists have said they are expecting the central bank to ease its stance, citing faltering global growth and slower employment growth in Singapore as key considerations.
The Singapore economy is expected to grow by between 2 and 2.5 per cent this year, the slowest pace of growth since 2009, when GDP contracted by 0.6 per cent, in the wake of the global financial crisis.
There are more bets on the MAS to ease its exchange-rate based policy. Economists said a weaker Sing dollar could put a floor to export growth and help raise the country's competitiveness vis-a-vis rival exporters in Asia.
Mr Michael Wan, an analyst for Asia Ex-Japan Economics at Credit Suisse, said: “Global demand does explain part of the weakness in the labour market this year, but I would suspect that it is also partly a culmination of the various labour tightening measures that have been taken over the past four to five years.
“It is companies trying to cut back on hiring, cutting back on expanding in the country because they find it more difficult to do business in Singapore. Exchange rate is expensive, making it expensive to do business; labour costs are high, making it more difficult for them to expand."
So far this year, the Sing dollar has fallen 7 per cent against the greenback, but it has strengthened around 15 per cent against regional currencies like the Malaysian ringgit and Indonesian rupiah.
The MAS largely maintains a policy of a modest and gradual appreciation of the Sing dollar. However, based on a Reuters poll, 12 out of 18 analysts are expecting the MAS to ease policy this time round. This can be done by reducing the slope of the Singapore dollar nominal effective exchange rate band (Sing NEER), or by lowering the policy band's mid-point.
“We have had our Sing NEER model way back. The assumed 2 per cent appreciation is based on hitting certain productivity targets,” said Mizuho Bank's senior economist, Mr Vishnu Varathan.
“Given that in the last few years this has been a bit of a problem, and also given that that has coincided with very weak global demand, as well as restructuring not only in Singapore but in places like China - that has complicated the policy picture," he noted.
Economists added that core inflation, which is at its lowest level in almost five years, has also given the central bank the policy room to ease, since there is relatively less need to guard against imported inflation by keeping the Sing dollar on a steadily appreciating trend.
The policy meeting is expected to take place early next week.
dun be con by the population import means demand will be there. there must be someone to finance the properties. the 2008 crisis was exceptional because of the massive printing of money thus causing rates to go so low and banks have alot of qe money to lend out. now like the forbes article, singapore is really a huge bubble now.
us can print because they have the advantage to being the reserve currency. they are actually export their inflation all over the world. that is why we are experiencing huge inflation back in 2012-2013.
Anyway a weak SGD has it advantages and disadvantages. Exports of course are cheaper, but import more expensive. Import not just consumer products, but manufacturing, construction materials etc.
MAS has to measure the lesser of the 2 evils and balance it
Actually hor, you think that the 70% are fools; but the 70% thinks that the 30% are idiots!! Sama sama logic.
actually pap is stucked in between. weaken sgd and sibor will go up. if never weaken sgd then cannot help export. they should not have let people borrowed so much.
Again 2 sides to the coins. If they are too tight on credit policies, people KPKB say no financial freedom, they can manage their own funds, finances and loans.
If PAP don't fuck care, economy and financial market turn for the worst, they kanna fuck by Singaporeans for not being prudent.
Anyway, they draw millions of dollars as salary, so they do the balancing act themselves!
70 percent are definitely retards for choosing PAP,now lets see how they get out of this one.import 2 million trash to inflate the economy,cost of living skyrocket,let the housing bubble get out of control.in fact im sure most of the policies PAP enact do not even benefit much of the daft and stupid sinkies anyway,but they will be the one to pay the price and their children will carry the burden of their sins.its too bad sinkies choose the fate and government they deserve.a government looking for the easy way out and the get rich quick schemes at the expense of their people.
i predict one day conditions in singapore will become so intolerable,even living in malaysia will seem like a better option.only the lucky ones who made it will get to migrate to paradises like sweden,norway,finland,france,uk or canada.
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