Singapore economy was running on empty....

[TopSage]

Debt growth at 8 times GDP.growth. This is really poor and bad economic
management....the ball.I.believe has been drop.and we.wait for the consequences.

-------------/----------
Record shows GDP was outpaced over 18pp.

According to Nomura, Singapore's nominal GDP growth fell to 1.3% y-o-y in Q1 2013, yet loan growth picked up to a sizzling 19.2% (it eased to 18.8% in Q2; nominal GDP data for Q2 are not yet available).

So loans growth outpaced nominal GDP by 18.0 percentage points in Q1, and likely by a similar margin in Q2. Singapore's credit-GDP growth gap is the largest in Asia.

Here's more from Nomura:

Since quarterly data began in 1981, loans growth has outpaced nominal GDP by more than 18pp on eight occasions: Q2, Q3 and Q4 in 2008, Q2, Q3 and Q4 2012, Q1 2012 and Q1 2013.

All are since the global financial crisis. One reason for this is that Singapore's main monetary policy target is the exchange rate, and so its short-term interest rates closely mimic the near-rock bottom rates in the US.

The upshot is that Singapore's domestic private credit-to-GDP ratio has risen sharply, from 101% in Q4 2008 to 149% in Q1 2013. It is not only the level, but the speed of the debt build-up that is a concern.

Unless the debt build-up is brought under control, Singapore will be very exposed when the US Fed eventually does raise rates.

 

[tonychat]

so much for great leadership .. wahahhahahah!!!!!!!!!

 

[escher]

What the fuck!

All this must be lies and lies.

According to Leongsam, the great hosanna singer of smear of shit on sole of shoe LKY and who worship each step that smear of shit take on the ground that Stinkapore is a success story without comparison and by which he is elevated from having to share a metal toilet bucket with 50 families, Bangla and otherwise

 

[Kenneth]

Debt growth at 8 times GDP.growth. This is really poor and bad economic
management....the ball.I.believe has been drop.and we.wait for the consequences.

-------------/----------
Record shows GDP was outpaced over 18pp.

According to Nomura, Singapore's nominal GDP growth fell to 1.3% y-o-y in Q1 2013, yet loan growth picked up to a sizzling 19.2% (it eased to 18.8% in Q2; nominal GDP data for Q2 are not yet available).

So loans growth outpaced nominal GDP by 18.0 percentage points in Q1, and likely by a similar margin in Q2. Singapore's credit-GDP growth gap is the largest in Asia.

Here's more from Nomura:

Since quarterly data began in 1981, loans growth has outpaced nominal GDP by more than 18pp on eight occasions: Q2, Q3 and Q4 in 2008, Q2, Q3 and Q4 2012, Q1 2012 and Q1 2013.

All are since the global financial crisis. One reason for this is that Singapore's main monetary policy target is the exchange rate, and so its short-term interest rates closely mimic the near-rock bottom rates in the US.View attachment 11705

The upshot is that Singapore's domestic private credit-to-GDP ratio has risen sharply, from 101% in Q4 2008 to 149% in Q1 2013. It is not only the level, but the speed of the debt build-up that is a concern.

Unless the debt build-up is brought under control, Singapore will be very exposed when the US Fed eventually does raise rates.

So when Singapore economic going to collapse? Can give a time frame? or by when?

 

[TopSage]

So when Singapore economic going to collapse? Can give a time frame? or by when?

Kenneth if you have blood pressure, take lots of fat, never exercise, when will you collapse? I can't say but you are acting irresponsibly and increasing the risk of problems ,
the singapore economy is also like that

 

[Kenneth]

Kenneth if you have blood pressure, take lots of fat, never exercise, when will you collapse? I can't say but you are acting irresponsibly and increasing the risk of problems ,
the singapore economy is also like that

Talk so much, but don't know, a empty vessel.

 

[winnipegjets]

Talk so much, but don't know, a empty vessel.

Alamak ...have you seen the track record of sinkapore's economic forecasters?

 

[Dreamer1]

So when Singapore economic going to collapse? Can give a time frame? or by when?

Brother Kenneth,I do not know when Spore economy will collapse,but I know 100% that Red China-the good friend of PAP,would collapse in 2014.
Whether Spore would follow big brother CCP,it depends on Madam Ho and GIC,whether our big money are still there.hopefully PM Lee would tell in his coming state of the SOL(State of Lees) address.Thank you and Almighty God Allah Jevohah bless.

 

[Cerebral]

Kenneth if you have blood pressure, take lots of fat, never exercise, when will you collapse? I can't say but you are acting irresponsibly and increasing the risk of problems ,
the singapore economy is also like that

Why do you bother with that troll?

 

[TopSage]

Yeah feel sorry for the feller like he lost his ability to think ...he is more like stalker rather than standard troll

Why do you bother with that troll?

 

[johnny333]

Talk so much, but don't know, a empty vessel.

Believe it or not there are many out there that are really worried about where the PAP is taking Spore. I don't know if you have noticed the increase in suicides, ah loong harassment cases, foreigners, crime, costs.... I for one am not happy with the PAP.

Time for change.