Serious Assoc Prof Theseira: Sinkies Can Tahan Inflation Better Than Most People Because Sinkies Earn Much More Money! Sinkies Fuck The World!!

[JohnTan]

SUSS’ Assoc Prof Theseira said that the sustained reduction of living standards would put hundreds of millions of people globally into or almost into poverty, and harm the ability of developing economies to join the ranks of the middle-income nations.

“It would likely precipitate political crises globally and even regionally," he said.

In Singapore, people have the benefit of being in a rich country that can better afford global price increases, he noted. Petrol prices here may be higher than in other countries but Singaporeans also earn much more than citizens in many countries where petrol is cheap.

“I'm not sure they would want to switch places with, say, someone in Malaysia who has much cheaper petrol and food, but who gets paid much less as well,” he said.

“The only way out for a country like Singapore is really to ensure that our citizens' purchasing power, in global terms, is high enough to be able to afford price increases.”

https://www.todayonline.com/big-rea...even-european-war-puts-damper-economy-1849221

 

[jw5]

SUSS’ Assoc Prof Theseira said that the sustained reduction of living standards would put hundreds of millions of people globally into or almost into poverty, and harm the ability of developing economies to join the ranks of the middle-income nations.

“It would likely precipitate political crises globally and even regionally," he said.

In Singapore, people have the benefit of being in a rich country that can better afford global price increases, he noted. Petrol prices here may be higher than in other countries but Singaporeans also earn much more than citizens in many countries where petrol is cheap.

“I'm not sure they would want to switch places with, say, someone in Malaysia who has much cheaper petrol and food, but who gets paid much less as well,” he said.

“The only way out for a country like Singapore is really to ensure that our citizens' purchasing power, in global terms, is high enough to be able to afford price increases.”

https://www.todayonline.com/big-rea...even-european-war-puts-damper-economy-1849221

This Assoc Prof is ready to join the PAP.

 

[JohnTan]

This Assoc Prof is ready to join the PAP.

PAP needs a minority Eurasian candidate for our GRC team. Thanks to the PAP, ethnic minorities will always have a political voice in Parliament.

 

[winners]

In Singapore, people have the benefit of being in a rich country that can better afford global price increases, he noted. Petrol prices here may be higher than in other countries but Singaporeans also earn much more than citizens in many countries where petrol is cheap.

“I'm not sure they would want to switch places with, say, someone in Malaysia who has much cheaper petrol and food, but who gets paid much less as well,” he said.

The above is very true. I have personally heard this from Malaysians many times before. They will always tell me: No need to talk any further, just look at your currency versus ours.

 

[ChanRasjid]

SUSS’ Assoc Prof Theseira said that the sustained reduction of living standards would put hundreds of millions of people globally into or almost into poverty, and harm the ability of developing economies to join the ranks of the middle-income nations.

“It would likely precipitate political crises globally and even regionally," he said.

In Singapore, people have the benefit of being in a rich country that can better afford global price increases, he noted. Petrol prices here may be higher than in other countries but Singaporeans also earn much more than citizens in many countries where petrol is cheap.

“I'm not sure they would want to switch places with, say, someone in Malaysia who has much cheaper petrol and food, but who gets paid much less as well,” he said.

“The only way out for a country like Singapore is really to ensure that our citizens' purchasing power, in global terms, is high enough to be able to afford price increases.”

https://www.todayonline.com/big-rea...even-european-war-puts-damper-economy-1849221

Quote:“The only way out for a country like Singapore is really to ensure that our citizens' purchasing power, in global terms, is high enough to be able to afford price increases.”

Economics is easier than this lah! No need get a degree in economics studying "purchasing power parity" theory, inflation, deflation, globalization etc... Even Jack Neo can hold talks on real live economics - he did put his knowledge of economics into a movie "Money Not Enough".

The Singapore governments number one economic policy is to ensure everyone - even the coffee shop Ah Soh - has "money many many zeroes" and enough enough.

"Einstein's E=mc² Is Invalid"
Chan Rasjid Kah Chew,
Singapore.
http://www.emc2fails.com