PAP losing support rapidly....

[enterprise2]

Wrong.....Wrong....

Nothing to do with economics.

It has to do with the government policies. A FAILED ONE.

You have no interest in Singapore, why waste your energy and time bashing sinkies ? No matter how good the Singapore government is,

it is NO LONGER your concern.

Grow up and stop behaving like a 3 year old kid.

You are just making your this forum looks bad .

No point arguing with him. He's only interested in working u up so that it generates traffic for the forum!!

 

[Leongsam]

Ha ha I can pit my economics knowledge against u anytime. Demand is driven to astronomical level by this insane 6.9m plan and I think everyone except u know that's the cause of the soon to $100k COE. U quoted last time COE hit over $100k. Yes that was when DD over SS and there were FTs at that time. But that was due to artificial shortage case and COE drop once more COE r released. U going to tell me that COE will drop to $10-20k again when we hit 6.9 or 8m pop?? If u r rite, u will be a better Fin Minister than Tharman !!

If more COEs are made available, it goes without saying that prices will drop. However, the very purpose of COEs is to limit the car population so supply will always be tight. If supply was not limited, there would be no point in having the scheme in the first place.

However, the fact that astronomical sums are being paid to secure a piece of paper shows that the country is doing well. If Singapore was a backwater rather than an economic powerhouse, COEs would be available for a song.

COE prices are just like house prices. They go up when the economy is booming and drop when the economy goes South.

The 6.9 million plan is further evidence that Singapore is an extremely desirable place to live in for many people. If nobody wanted to live in the country, the population would shrink rather than expand even with open borders.

You can see the effect that the state of the economy of a country has on prices by looking no further than the Eurozone.

 

[TracyTan866]

If East Coast GRC and Joo Chiat SMC, both middle class constituencies, came close to fall into the hands of WP in GE2011, you could see unpopularity of PAP today.
The fall of PE in the by-election is an endorsement of such unpopularity. Compare current PAP leadership with PAP under Old Guards, you see tremendous swift of popularity. Who to blame? PAP of course for introducing policies to please FT and screw the natives.

Excellent analysis. thank you

 

[TracyTan866]

U have no understanding of the COE process!! LTA control the supply which then determines the bidding price. Why is demand more than supply?? U got to ask all those new FTs!!

LeongSam has no understanding in many things.

 

[Equalisation]

Give us back all OUR hard-earned blood and sweat CPF money at age 55 NOW !!!

 

[TracyTan866]

Ha ha I can pit my economics knowledge against u anytime. Demand is driven to astronomical level by this insane 6.9m plan and I think everyone except u know that's the cause of the soon to $100k COE. U quoted last time COE hit over $100k. Yes that was when DD over SS and there were FTs at that time. But that was due to artificial shortage case and COE drop once more COE r released. U going to tell me that COE will drop to $10-20k again when we hit 6.9 or 8m pop?? If u r rite, u will be a better Fin Minister than Tharman !!

you are right...LeongSam doesnot know what he is talking about.

In a perfect market where there is free entry, free exit and no barriers, supply and demand work. But when COE is fixed, it's silly of LeongSam to talk abt supply and demand. It shows his complete ignorance. Clearly, LeongSam is not schooled in basic economics

 

[Leongsam]

you are right...LeongSam doesnot know what he is talking about.

In a perfect market where there is free entry, free exit and no barriers, supply and demand work. But when COE is fixed, it's silly of LeongSam to talk abt supply and demand. It shows his complete ignorance. Clearly, LeongSam is not schooled in basic economics

If COE is fixed at 1000 but there is a demand for only 900 new cars a month, COE will be $1 as was the case with motorcycles back in the early 90s.

Limited supply does not mean high prices. High demand for something which is of limited supply is what causes high prices and the high demand is a result of the fact that the economy is booming and everyone wants a car and a nice swanky one to boot.

Same applies to any other commodity.

 

[meepokboy]

we have a right to better lives in sg....

 

[Unrepented]

Yah....simi lanjiao is "Singapore Employees"

Trying to mind-fuck people again:kma:

3 Sinkies and 7 FT took part in the survey.

 

[TracyTan866]

If COE is fixed at 1000 but there is a demand for only 900 new cars a month, COE will be $1 as was the case with motorcycles back in the early 90s.

Limited supply does not mean high prices. High demand for something which is of limited supply is what causes high prices and the high demand is a result of the fact that the economy is booming and everyone wants a car and a nice swanky one to boot.

Same applies to any other commodity.

your example is that of a simpleton.

free market and pure supply and demand will allow demand to increase beyond 900 when COE is $1. free market will dictate that when COE is $1, supply will decrease. COE will never be $1 in a perfect market

 

[Leongsam]

your example is that of a simpleton.

free market and pure supply and demand will allow demand to increase beyond 900 when COE is $1. free market will dictate that when COE is $1, supply will decrease

The COE is but one of a large number of examples where supply is perfectly inelastic. It is hardly a unique situation. It's a quota so it goes without saying that supply is fixed for a particular month.

This does not mean that economic models don't apply. All it means is that supply elasticity is part of the pricing equation.

 

[enterprise2]

Leongsam u r rite and wrong at the same time!! It's ok, the whole country is confused also.. thats why we r in this mess!! Is COE to control traffic or car pop?? Is COE a luxury good or necc?? Why r people so hung up on cars?? Why is there no good alternatives ?? The 6.9 m certainly have a aggravating effect on the dynamics. Unlike Leongsam I don't have the answers. Maybe we should make him Transport or Fin minister after all!!

 

[Leongsam]

Leongsam u r rite and wrong at the same time!! It's ok, the whole country is confused also.. thats why we r in this mess!! Is COE to control traffic or car pop?? Is COE a luxury good or necc?? Why r people so hung up on cars?? Why is there no good alternatives ?? The 6.9 m certainly have a aggravating effect on the dynamics. Unlike Leongsam I don't have the answers. Maybe we should make him Transport or Fin minister after all!!

It's a two prong approach. COE restricts the car population. ERP restricts car usage.

The bottom line is that the government does not want too many cars on the road or the whole road network will become a giant parking lot.

When vehicle growth is not restricted as prosperity increases, the end result is this

http://www.theguardian.com/world/2010/aug/24/china-60-mile-motorway-tailback

http://www.telegraph.co.uk/news/wor...as-China-begins-its-Golden-Week-holidays.html

 

[TracyTan866]

COE prices are just like house prices. They go up when the economy is booming and drop when the economy goes South.

High housing and COE prices are not so much due to economic growth. high prices are due to bad pap policies that allowed 2m+ foreigners into SG and that artificially increased the demand in land scarce SG

 

[Leongsam]

High housing and COE prices are not so much due to economic growth. high prices are due to bad pap policies that allowed 2m+ foreigners into SG and that artificially increased the demand in land scarce SG

It's not artificial demand. It's real demand. The same sort of demand is driving house prices up in Auckland because recent immigrants all want to live in the same place.

 

[enterprise2]

Leongsam simplistic solution again!! Ok the operation was successful ...too bad the patient died!!

 

[enterprise2]

I think no point debating with Leongsam. He gives u all those simplistic, obvious motherhood solutions. He obviously interested in tuning up the forum traffic. So I am going to sign off this debate!!

 

[SuayCheeBye]

Leongsam loves PAP.

 

[bakkuttay]

kopidrinker, iluvsingapura also love PAPdogs

 

[soikee]

Eye surgeon (not VB but one of his contemporaries) , Manulife agent, Bike shop owner, Secondary school teacher, IT specialist (helps run this forum), Manager in PCB assembly shop in JB.

All say life in Singapore is good.

These aren't government lackeys or children of rich pricks. They all made good on their own thanks to the PAP.

Incidentally if your bike shop owner friend happens to be Kenneth Tan of Cyclewox, Whore Jinx's younger brother, Whore Sing is the majority shareholder.

Under the circumstances you can't expect him to talk anything bad, can you?