GIC in deep shits soon?

rusty

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US stocks drop over 2% amid Europe sell-off

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Topics:Stocks On Saturday 10 September 2011, 0:07

US stocks dropped sharply in midday trading on Friday, amid worries over Europe's debt crisis and skepticism over whether President Barack Obama's job-creation plan can pass Congress.

The Dow Jones Industrial Average was down 292.13 points (2.59 percent) to 11,003.68 at 1600 GMT.

Meanwhile, the broader S&P 500 fell 29.55 points (2.49 percent) to 1,156.35 and the tech-heavy Nasdaq Composite was down 53.94 points (2.13 percent) to 2,475.20.

US stocks opened with losses, and the sell-off accelerated after the sudden news that the European Central Bank's chief economist, Juergen Stark, was resigning "for personal reasons".

The ECB's announcement sent European markets into a tailspin and added to anxieties about Europe's handling of its sovereign debt crisis, which has weighed heavily on markets in recent weeks.

In the United States, the jobs plan unveiled by Obama on Thursday evening received good reviews from economists, with Macroeconomic Advisers saying it would boost US gross domestic product (GDP) by 1.3 percent in 2012.

But analysts voiced skepticism that the plan could pass a deeply divided Congress, with the House of Representatives controlled by opposition Republicans.

"Everything the president said sounded on point, but the overriding point for the market is that none of this means anything unless Congress says it does," said Patrick O'Hare, an analyst with Briefing.com.

 
Even when they lose billions , the stock answer will be "long term investment", period.

Anyway silliporeans deserve the govt they voted for and for the next 6 years, the father of patrick tan (12 years NS deferrer)
will act according to the advice of the cabinet.
Cannot be helped-silliporeans asked for it.
I'm waiting for many silliporeans to default on their housing loans so that more PRC's will come in and pick up their properties on the cheap.

It will be just retribution if those who voted for the pappy and TT lose their houses, jobs and investment to foreigners/banks.
 
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Even when they lose billions , the stock answer will be "long term investment", period.

Anyway silliporeans deserve the govt they voted for and for the next 6 years, the father of patrick tan (12 years NS deferrer)
will act according to the advice of the cabinet.
Cannot be helped-silliporeans asked for it.
I'm waiting for many silliporeans to default on their housing loans so that more PRC's will come in and pick up their properties on the cheap.

It will be just retribution if those who voted for the pappy and TT lose their houses, jobs and investment to foreigners/banks.



totally.......daft singaporeans just have to learn it the hard way.....
 
When the GIC states LONG TERM INVESTMENTS. It translates as;
1. Increasing the CPF Minimum Sum Scheme for Singaporeans,
2. Delaying the withdrawal age of CPF
3. Extending the retirement age for workers.
4. Increasing intake of PRs to boost CPF contribution rates to improve cash flow for CPF withdrawals.
 
Obama only talk. What can Obama do? US$400b were will it come from? Talk easy!
When come to money/economy all are base on price/quality>>> that consumer will decide demand and supply.
If only US can produce product at cheaper price then will survive, If not I doesn't see a solution at all.
Germany product are the most expensive but still is market leader for quality product. People still buy.
China can produce product at cheaper price with consumer acceptable and still buying.
What product US produce that other country need to buy from US?
So in doom for US.
 
Micropolis $630m (Ho Ching's first big mistake as CEO circa 1990s)
Suzhou Industrial Park $150m
Thai Danu Bank $500m
Dao Heng Bank $1.83b
Virgin Mobile US$700m
Pacific Internet Amount not available. Share price dropped from US$90 to US$2.97 in 2000
Air New Zealand $100m
Shin Corp US$3.8b
ABC Learning $400m
Barclay Bank US$4.5b
Merrill Lynch US$5b
Bank America US$4.6b
Macquarie Telecom Bought 15m shares at $3/share and sold 14m shares at 18c/share.
UBS US$10b
Stuyvesant Town US$575m
Citigroup US6.9b

- http://mysingaporenews.blogspot.com/2011/09/big-time-rollers.html
 
Tomorrow LKY and Tony will visit the toilet very frequent holding hands.
 
That why rich people will migrate before age 16. Nothing will happen.
They can come back as FT.
 
Started from losing millions upgrade to losing billions. Our retirement age going from 55 to 95 soon. Kiss CPF good bye. Bring in more FT so that Sinkies will be marginalized and cannot kpkb.

Micropolis $630m (Ho Ching's first big mistake as CEO circa 1990s)
Suzhou Industrial Park $150m
Thai Danu Bank $500m
Dao Heng Bank $1.83b
Virgin Mobile US$700m
Pacific Internet Amount not available. Share price dropped from US$90 to US$2.97 in 2000
Air New Zealand $100m
Shin Corp US$3.8b
ABC Learning $400m
Barclay Bank US$4.5b
Merrill Lynch US$5b
Bank America US$4.6b
Macquarie Telecom Bought 15m shares at $3/share and sold 14m shares at 18c/share.
UBS US$10b
Stuyvesant Town US$575m
Citigroup US6.9b

- http://mysingaporenews.blogspot.com/2011/09/big-time-rollers.html
 
STI already dropped 2.7% as I type.

If DOW dives again tonight......congregulation to Tony Tan for his foresight and not for his presidential win.

Dive dow dives till no sunrise!
 
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