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Fail-o-meter: Countries
- Thread starter phouse3
- Start date
C
cliffstyle
Guest
In the 97 crisis, it is the asian countries that need bail out, now is the ang mor.
but these are Eastern Europe(with the exception of Iceland). so the world is still watching and not too concerned. if any of the western countries kanna, we will be in worse shit than now.
http://en.wikipedia.org/wiki/List_o...anks_during_the_financial_crisis_of_2007–2008
There is a fail-o-meter for banks at Wikipedia. Whoever maintaining the list is going to be very busy.
There is a fail-o-meter for banks at Wikipedia. Whoever maintaining the list is going to be very busy.
WOW the japs are taking money out of all countries and put back in JAPAN
now yen is so high, my tokyo trip is now cancel.
bye bye japan.
yes i think i go to these failometer countries for holiday. and stretch my dollar.
Singapore does not remotely need a bailout because it has little borrowings. It has not leveraged itself financially but it has leveraged its future economically. (I intend to repeat again and again until it drums into people's head.)
* ridiculous over-construction in businesss and financial district, integrated resorts, shopping centres, offices, transport infrastructure, factories, housing, etc.
* bursting of over-inflated property values caused by over-speculation
* stale overseas investments at a fraction of its invested value
* an export market that is going to crash like a ton of rocks
* an over-churned financial market due to the conscientious nurturing of hedge funds, foreign funds, covered warrants, index futures, etc.
* outflow of hot funds previously procured from overseas under the aegis of private banking
I predict Singapore's GDP will decline by 9% in 2009.
If the world recession turns into a depression, then it is another story.
South Africa, Poland, Turkey, Mexico, Columbia and South Korea are on the radar screen because the currencies of these countries have declined by more than 25%.
South Korea is worth a special mention because its currency and stockmarket lost more than 30% of their values.
South Korea is worth a special mention because its currency and stockmarket lost more than 30% of their values.
Dear moniker phouse3, some of the points listed are possible areas of concern, but a nimble and swift readjustment of the pricing and positioning could actually change those items to our favor decisively. Remember, if you have no infrastructure available when people are shopping, they look elsewhere.
Export composition will no doubt vary.
Export composition will no doubt vary.
A swap facility means Singapore can borrow US$ and lend S$ at some pre-determined exchange rate. This usually happens when S$ is free-falling due to investors selling. At maturity, presumably when S$ has stabilised, Singapore will return the US$ and get back its S$.
This is a surprise move because I thought MAS was allowing S$ to fall to aid exporters. So I am putting Singapore in the fail-o-meter watch (note: just watch only) because it is now in the same league as Brazil, Mexico and S. Korea.
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