Black October 2022

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Country Garden's troubles reflect the collapse of China's property market. There's reason to believe China's real estate crisis is far from over, as noted by Country Garden Chief Financial Officer Wu Bijun:

"The home market hasn't entirely bottomed out, and the sector's consolidation isn't over. Property sales nationwide still haven't stabilized."
https://www.wsj.com/articles/chinas...depression-real-estate-giant-says-11661863259


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A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley​

https://www.marketwatch.com/story/a...rket-warns-morgan-stanleys-wilson-11664220122

Morgan Stanley chief equity strategist Michael Wilson, one of the Wall Street’s most vocal bears who correctly predicted this year’s stock market selloff, calculated, in a Monday note, that every 1% rise in the ICE U.S. Dollar Index has a negative 0.5% impact on S&P 500 earnings. He also saw an approximate 10% headwind for earnings growth in the fourth quarter.

“The recent move in the U.S. dollar creates an untenable situation for risk assets that historically has ended in a financial or economic crisis, or both,” wrote strategists led by Wilson. “While hard to predict such events, the conditions are in place for one, which would help accelerate the end to this bear market.” (See chart below)

im-631155
 

A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley​

https://www.marketwatch.com/story/a...rket-warns-morgan-stanleys-wilson-11664220122

Morgan Stanley chief equity strategist Michael Wilson, one of the Wall Street’s most vocal bears who correctly predicted this year’s stock market selloff, calculated, in a Monday note, that every 1% rise in the ICE U.S. Dollar Index has a negative 0.5% impact on S&P 500 earnings. He also saw an approximate 10% headwind for earnings growth in the fourth quarter.

“The recent move in the U.S. dollar creates an untenable situation for risk assets that historically has ended in a financial or economic crisis, or both,” wrote strategists led by Wilson. “While hard to predict such events, the conditions are in place for one, which would help accelerate the end to this bear market.” (See chart below)

im-631155
My favourite USA blackberries now cost almost 8 bucks for a small punnet. :roflmao:
 
they lose their textures and turns soft quickly, you have to quickly consume them after buying.
I have resorted to buying frozen ones from korea. Blend with yogurt and slurp down. Much cheaper.
 
WTFF

No worries.
Sgp are buying pigeon holes at $1M+.

All these GCBs will be visiting Bedok Reservoir soon.
 
WTFF

No worries.
Sgp are buying pigeon holes at $1M+.

All these GCBs will be visiting Bedok Reservoir soon.
Civil service is paying well, and HDB loan is 2.6%pa.

It is more worrying for those in private sector and takes bank loan. Even rentals are increasing for all sectors.
 
I have resorted to buying frozen ones from korea. Blend with yogurt and slurp down. Much cheaper.
I have been buying very good and cheap cheese from Redman. 40-50% cheaper than NTUC.
Redman's yogurts and frozen berries are very cheap too.
 
Scary times we live in. Local banks r strong. Big discounts coming up.
Liquidity may dry up suddenly like a person who had seizure after the jab. Yeah, of course when investors flee big discounts would show up.
 
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