Serious Tharman: the Language of Politics

[Thick Face Black Heart]

Triple A rating means jack shit. Has no one learnt from the US housing collapse?

Our triple A rating means that the market will find ways to loan the government money cheaply. Besides the low interest rate on the singapore govt bonds, statutory boards can also raise cash on the cheap. As a corollary to that, a whole host of other interest rates are kept low, including the interbank bank rate, and also the mortgage rate banks are willing to put out to property buyers.

The low interest rate environment allows also the government to keep cpf interest rates low.

There is one thing that Chris kwan is spot on, and that is that land prices are jacked up so much that it allows housing prices to be jacked up to. The result is transfer of wealth from citizens to state coffers. That is why the govt is so fucking rich.

 

[Dreamer1]

Mee Siam Mai Hum got a double "Fish & Chips" from cambridge what!.....he will say that 'sob' Chris Kuan is wrong ..... ha ha ha ha

Sir u wrong, Mee Siam Mai Hum double 1st in Calculation= maths, but not money, $$$$, as he never had a chance to spend a SINGLE CENT, so he calculated Balloons ONLY, LOL, now calculating thy job given to his Bigger half Madam Good (Ah Ho), hahaha

 

[Papsmearer]

so why is singapore one of the few countries in the world to be given a triple a rating?even though its kinda irrelevant....it just means the gov bonds are not totally worth shit?

Triple A means nothing other then you can borrow cheaper on the capital markets. Many Triple A rates companies when under very fast during the Subprime crisis.

 

[ynk2252]

There is one thing that Chris kwan is spot on, and that is that land prices are jacked up so much that it allows housing prices to be jacked up to. The result is transfer of wealth from citizens to state coffers. That is why the govt is so fucking rich.

Cheebye the more I think about this the angrier I get.

 

[halsey02]

Sir u wrong, Mee Siam Mai Hum double 1st in Calculation= maths, but not money, $$$$, as he never had a chance to spend a SINGLE CENT, so he calculated Balloons ONLY, LOL, now calculating thy job given to his Bigger half Madam Good (Ah Ho), hahaha

Ah so!...me forgot...Mathematician....one Professor says right..if he wasn't the PM..he would have become a world famous mathematician....but prof forgot to say..he is the world best "magician"....for he can add & conjure up figures like 1 + 1 = 3 or even 1,000

ha ha ha ha

 

[frenchbriefs]

Triple A means nothing other then you can borrow cheaper on the capital markets. Many Triple A rates companies when under very fast during the Subprime crisis.

Yes when the flaw was exposed,I bet they were making money hand over fist before that.in order to get a triple a rating,the agencies have to know whats on PAP's books no?so they claiming they dont know what singapore's assets is a lie.unless the agencies suka suka anyhow rate them.just pay them for a good rating.

 

[eatshitndie]

Yes when the flaw was exposed,I bet they were making money hand over fist before that.in order to get a triple a rating,the agencies have to know whats on PAP's books no?so they claiming they dont know what singapore's assets is a lie.unless the agencies suka suka anyhow rate them.just pay them for a good rating.

they don't suka suka. chris provided the answers on how these agencies look at kpi's. these kpi's are meaningless to sinkies unless they deprive them of kopi, kaya, kueh, kway and kpkb.

 

[Dreamer1]

Ah so!...me forgot...Mathematician....one Professor says right..if he wasn't the PM..he would have become a world famous mathematician....but prof forgot to say..he is the world best "magician"....for he can add & conjure up figures like 1 + 1 = 3 or even 1,000

ha ha ha ha

Magician with the highest pay in the world now kena fucked by his own sister, doktor Wood Bridge (DWB) leh, DWB bot happy with his bigger half,Ah Ho, even has claimed that Ah Ho wants her sons to take over the empire, I suspect that Magician truly has no idea, u know, blah king mah, we the 30% enjoy how the DWB slaughter Maam Ah Good,(Ho), or vice versa, hahahahahahaha!

 

[jw5]

Mee Siam Mai Hum got a double "Fish & Chips" from cambridge what!.....he will say that 'sob' Chris Kuan is wrong ..... ha ha ha ha

His papa got double egg from char kway teow seller.

 

[jw5]

Sir u wrong, Mee Siam Mai Hum double 1st in Calculation= maths, but not money, $$$$, as he never had a chance to spend a SINGLE CENT, so he calculated Balloons ONLY, LOL, now calculating thy job given to his Bigger half Madam Good (Ah Ho), hahaha

And all he ever really wanted was to be a maths professor married to a chiobu. :(

 

[kukubird59]

hahaha....Scroobal again trying to be too clever by half.....
kena fuxked jialat jialat.......
but his guard dogs all limped away with tails between their legs.....
classic example of 欺善怕恶

 

[GoldenDragon]

hahaha....Scroobal again trying to be too clever by half.....
kena fuxked jialat jialat.......
but his guard dogs all limped away with tails between their legs.....
classic example of 欺善怕恶

back to your cage kuku.

 

[mojito]

Triple A rating means jack shit. Has no one learnt from the US housing collapse?

Our triple A rating means that the market will find ways to loan the government money cheaply. Besides the low interest rate on the singapore govt bonds, statutory boards can also raise cash on the cheap. As a corollary to that, a whole host of other interest rates are kept low, including the interbank bank rate, and also the mortgage rate banks are willing to put out to property buyers.

The low interest rate environment allows also the government to keep cpf interest rates low.

There is one thing that Chris kwan is spot on, and that is that land prices are jacked up so much that it allows housing prices to be jacked up to. The result is transfer of wealth from citizens to state coffers. That is why the govt is so fucking rich.

Have said the same thing here before years ago but no one come out and say wah.. mojito you very smart huh! Basic economics sir! Limpeh only do A level economics nia. Better to let the PAP help themselves with your money to help the poor than to let those run of the mill quitters quit with their undeserved riches!

 

[scroobal]

The PAP knows full well that many do not understand economics and have taken advantage of it. Just look at this thread and the views. Chan Chun Sing was banging on this. Nobody wondered why the guy who is the actual economist, former foreign minister, former head of MAS who was at the same rally and seated nearby, who also spoke did not say it. Tharman was not prepared to compromise his professional standing.

Chris Kuan did some work on the CPF which he presented at a panel discussion. He revealed the performance and the disparity in return between EPF and CPF which was already mentioned in this forum years ago. So nothing new. He also struck me as non-independent. It eventually turned out that he was with Tan Jee Say's SingFirst Party. Their performance in GE2015 was dismal. They had to thank KJ's Reform Party who were Indian centric candidates of the rough sort with press meeting held at coffeeshops did not go unnoticed and who came in last. The difference between last and second last was a razor thin 0.9 percentage points.

This is no different to Khaw claiming he paid only $8 for his heart bypass surgery and hospitalisation. I am sure it was absolutely true. But most Singaporeans having undergone or know of family members, friends and colleagues who have undergone similar or even minor procedures know that the cost would have been very high. His claim was a joke despite it being true for him. It was also a red herring but it fell flat.

Chan was smarter than Khaw but Chris Kuan was not politically sharp and fell for it.

Have said the same thing here before years ago but no one come out and say wah.. mojito you very smart huh! Basic economics sir! Limpeh only do A level economics nia. Better to let the PAP help themselves with your money to help the poor than to let those run of the mill quitters quit with their undeserved riches!

 

[jw5]

Have said the same thing here before years ago but no one come out and say wah.. mojito you very smart huh! Basic economics sir! Limpeh only do A level economics nia. Better to let the PAP help themselves with your money to help the poor than to let those run of the mill quitters quit with their undeserved riches!

But you are really not smart.

 

[Thick Face Black Heart]

Cheebye the more I think about this the angrier I get.

I know. Singaporeans i feel don't understand this point. The HDB heartlanders are working hard to support their family and pay mortgage. So much of their hard earned money is going into state coffers because their BTO or resale HDB flat is expensive. Slogging hard everyday to make govt rich

 

[ynk2252]

I know. Singaporeans i feel don't understand this point. The HDB heartlanders are working hard to support their family and pay mortgage. So much of their hard earned money is going into state coffers because their BTO or resale HDB flat is expensive. Slogging hard everyday to make govt rich

It kills 2 birds with 1 stone. The Government gets rich from the land sales, development charges, stamp duties etc, and while the people get bogged down by mortgage payments they become compliant to their employers and the powers that be. So in a weird way its peace and prosperity but mainly for them.

 

[scroobal]

CPF acts as an escrow account for the Govt to cover housing costs plus a premium and medical costs plus premium. It role as a provident fund to look after its account holder ended some in the 1980s. This has been mentioned in this forum a few times. So HDB mortgages are seldom in arrears unlike the Banks.

It kills 2 birds with 1 stone. The Government gets rich from the land sales, development charges, stamp duties etc, and while the people get bogged down by mortgage payments they become compliant to their employers and the powers that be. So in a weird way its peace and prosperity but mainly for them.

 

[jw5]

Cheebye the more I think about this the angrier I get.

Don't get angry. Get even by voting opposition until pap becomes the opposition. Then evaluate again.

 

[KNNBPCB]

U lucky u got $8b alr !

U lucky that air is still free. :p