- Joined
- Aug 10, 2008
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Singapore is an export led economy. Why would a weaker Sing Dollar cause mayhem? The only reason for the strong Sing Dollar is to take away the high inflation effect. They will keep the strong dollar until after election I reckon.
Property is in limbo because they let in too many foreigners too fast, pouring hot money into that sector. It was a symptom of a failed policy. Private property will remain strong. Its the HDB they will put a clamp on. It is just a show to Singaporeans that they are doing sonething while still pressing ahead with their policies. This is the same as the foreigner policy. We made a lot of noise and they place greater restriction on Work Permit. We never really complained about the cleaner or construction worker being foreigner. It was the white collared jobs that we are pissed about.
I can't wait for the day where the opposition holds at least 35% of the seats to prevent a super majority
http://www.tomatobubble.com/id39.html
To feed the insatiable debt monster, and to maintain confidence in his notes, Mortimer must have a perpetually growing GDP (more tomatoes). If not, runaway debt and inflation will cause the economy to implode sooner, rather than later. GDP growth is fueled by "consumer spending"(consumption) and the constant borrowing which enables it. This is why economists, politicians, and other assorted lunatics are so obsessed with constant GDP growth.
The "business cycle" is very simple. When the rate of growth in money supply (debt supply) exceeds the rate of growth in the general economy (GDP), the excess "money" has to go somewhere. It creates an illusion of prosperity. Artificial bubbles will form either in housing, stocks, currency, etc. Eventually the market always corrects for these phony excesses and the bubbles burst. (just like the poker game.)