Is the family car a necessity or a luxury to the Singapore family unit?

[Fook Seng]

you mean PAP run the entire world?

PAP's handling of the situation in Singapore as a result of the World economy. Don't know have to be that explicit to you.

 

[Kinana]

PAP's handling of the situation in Singapore as a result of the World economy. Don't know have to be that explicit to you.

How exactly? Please be specific and clear sir.

 

[king_of_abalone]

How exactly? Please be specific and clear sir.

Means when euro collapses, Temasek go and splurge more of our money on euro assets.

 

[Kinana]

Means when euro collapses, Temasek go and splurge more of our money on euro assets.

Good buys. We reap when they boom again. Its the buy low sell high strategy.

 

[Fook Seng]

Good buys. We reap when they boom again. Its the buy low sell high strategy.

The problem is our investors have no balls. When the market falls a bit more they sell them off not as just a paper loss but as a real loss.

 

[ionzu]

Good buys. We reap when they boom again. Its the buy low sell high strategy.

the only boom in europe is when iran goes nuclear.

 

[po2wq]

Good buys. We reap when they boom again. Its the buy low sell high strategy.

ya, man! ...

temasek wil go n make goot buys wif ur moni ... iz buy low sel lower strategy ...

 

[Fook Seng]

the only boom in europe is when iran goes nuclear.

In that case, it is not just boom. It is boom, boom, boom.

Those who play contrarian think this is normal time, with normal boom-bust cycles. The present issue in Europe and for that matter even in US could be a 10-year cycle. Anyway no one should be playing contrarian on essentially pension fund money where returns have to be given to account holders every year or every month. Dip into the reserves again if there is a shortfall?

 

[Scrooball (clone)]

$130,000 for a normal car in Singapore = 5 cars in America

Judging by this, a car in Singapore is considered a luxury