STI highest Oct 2007.Now after 13 yrs still down. Due to PAP dip reserves,destroy WEALTH

[SalahParking]

Oct 2007, STI hit 3900 points.

2020 ,Till today, that high was never reached, while the US mkts soared to record.

Only money was created when PAP MAS dip into reserves. But the economic wealth was being destroyed.

This action in 2020 by draining reserves, mass money creation will make the wealth destruction worse..STI will never recover to 2007 levels for another 20 to 30 yrs.

 

[Narong Wongwan]

In today’s world you can trade stocks of the financial capitals of the world. Why you bother to even look at loser SGX?

 

[SalahParking]

In today’s world you can trade stocks of the financial capitals of the world. Why you bother to even look at loser SGX?

Missing the main point of wealth destruction.

GIC and Temasek can trade globally, but why they did not create any meaningful gains.

 

[SalahParking]

 

[SalahParking]

Money Creation = Wealth Destruction

Sinkies are not not much wealthier since 2009 when MAS MD dip into reserves create money, the next few years saw massive debt issues and bond issues. Only the bank stocks surge. The inflation found it's way into the private properry mkt, but the government began to take back its stimulus money by taxing developers and buyers.
So any gov intervention to the economy only benefit the bank owners and the rich Wingtai who sold GCBs for 250 mil, to Savarin, New Indonesians Chinese families in Tanglin Road.

 

[Devil Within]

Watch from 2:50 about money or any money. His 6 of spade is a great example.