Meltdown

[dancingshoes]

Singapore 2Q15 GDP dropped 4.6% q-o-q
http://www.straitstimes.com/busines...2-advance-gdp-disappoints-quick-analyst-takes

GDP decline of such magnitude is like 1997 recession.

Ah run, is this biggest business the main contributor of margin, if it is then it's trouble ahead.

MTI will release updated GDP estimates for the second quarter in August, including performance by sectors, sources of growth, inflation, employment and productivity, in its Economic Survey of Singapore. we will have a clearer picture then.

 

[dancingshoes]

that's because of the fear of inflation. inflation may hurt the 60% voting bloc. in japan a record 62% of the population complain that life is "hard" due to high prices.

http://www.bloomberg.com/news/artic...h-for-abe-s-inflation-hits-japan-s-households

i don't understand how inflation works, japan is now in deflation mode, unlikely any inflation, their target is 2% but currently they are only at 0.2% CPI. tell me about it.

 

[gingerlyn]

very happy to see Shanghai composite index slumps again.
it is now 3909

 

[Runifyouhaveto]

REDAS warns of record-high vacancies in private home market
http://www.channelnewsasia.com/news/business/redas-warns-of-record/1982848.html

 

[gingerlyn]

very song
Shanghai composite index drops more than 100points.
it is now 3866!!!
it wipes out all the previous gain which was artificially marked up by communist government

 

[zeebjii]

very song
Shanghai composite index drops more than 100points.
it is now 3866!!!
it wipes out all the previous gain which was artificially marked up by communist government

Don't worry...they will come up with some bizarre measures again, and soon.

 

[eatshitndie]

i don't understand how inflation works, japan is now in deflation mode, unlikely any inflation, their target is 2% but currently they are only at 0.2% CPI. tell me about it.

japan had been in deflationary mode for too long, and a strong yen had not been helping. abenomics follows american "quantitative easing" during the last u.s. recession and exports fare better with a weaker yen. however, inflation is creeping in as imports become more expensive, especially oil to fuel the power plants in the wake of the tsunami and nuclear power plant disaster at fuckyoushima. if price of oil trends down, it will help bring inflation down.

for sg, pressure is on to ease monetary supply and not try to peg to a strong u.s. dollar although the sgd is also weighted and balanced against a basket of other currencies, notably the yen, euro and swiss franc.

 

[gingerlyn]

Market total meltdown already
Shanghai composite index, the more stable shares (some are banking shares) drop by 64points or close to 2%

Looks like communist is so hopeless to maintain the market.

 

[Runifyouhaveto]

Market total meltdown already
Shanghai composite index, the more stable shares (some are banking shares) drop by 64points or close to 2%

Looks like communist is so hopeless to maintain the market.

Because they claim that 2Q15 GDP grew by 7% but new car sales dropped 3.4% in June.
go see the pictures here.....
http://www.zerohedge.com/news/2015-...ightmare-chinese-auto-inventories-explode-may

In comparison, Singapore's 2Q15 GDP down 4.6%
RUN knows a girl from Shanghai Bureau of Statistics, she told RUN that economic numbers are not from the ground.
So if Chinese leadership want SSE 5000, they will do all it takes to make it 5000

 

[gingerlyn]

just this morning, communist government released China GDP data which beat analysts forecast.
this should be good news.

however, if it is good news, why Shanghai Composite Index dropped by 165 points today?
https://sg.finance.yahoo.com/q?s=000001.SS

3,758.52 Down 165.96(4.23%) 2:21PM GMT+8

do u mean investors do not trust the statistics released by communist government?

 

[eatshitndie]

just this morning, communist government released China GDP data which beat analysts forecast.
this should be good news.

however, if it is good news, why Shanghai Composite Index dropped by 165 points today?
https://sg.finance.yahoo.com/q?s=000001.SS

3,758.52 Down 165.96(4.23%) 2:21PM GMT+8

do u mean investors do not trust the statistics released by communist government?

never trust numbers and figures spewed out by commies. they are one big fraud.

 

[Runifyouhaveto]

RUN knows a girl from Shanghai Bureau of Statistics, she told RUN that economic numbers are not from the ground.
So if Chinese leadership want SSE 5000, they will do all it takes to make it 5000

Looks like the shanghai mei mei was very busy yesterday

http://in.reuters.com/article/2015/07/15/us-china-economy-gdp-stats-idINKCN0PP07720150715
China's National Bureau of Statistics said on Wednesday that the positive changes in the economy in the April-June quarter were "hard won", and the employment situation was better than expected in the first six months of this year. Bureau spokesman Sheng Laiyun said the second-quarter economic growth data of 7 percent, which beat analysts' forecasts of 6.9 percent, were accurate, and there was no issue of the figures being inflated.

 

[eatshitndie]

Looks like the shanghai mei mei was very busy yesterday

http://in.reuters.com/article/2015/07/15/us-china-economy-gdp-stats-idINKCN0PP07720150715
China's National Bureau of Statistics said on Wednesday that the positive changes in the economy in the April-June quarter were "hard won", and the employment situation was better than expected in the first six months of this year. Bureau spokesman Sheng Laiyun said the second-quarter economic growth data of 7 percent, which beat analysts' forecasts of 6.9 percent, were accurate, and there was no issue of the figures being inflated.

they are always 0.1 ahead of analysts' forecast. heads they win, tail you lose. analysts should forecast a bogus number, say 6.869%, and they would announce 6.969% (double 69 orgy). bunch of frauds.

 

[gingerlyn]

official china stock bubble 2015 in wikipedia

https://en.wikipedia.org/wiki/2015_Chinese_stock_market_crash

 

[Runifyouhaveto]

Asian Nikkei Review: Asean will also be hit by 1MDB, Najib fallout
http://www.todayonline.com/world/as...-hit-1mdb-najib-fallout-says-business-daily-0

Asean will also be affected by the fallout from the corruption allegations swirling around Prime Minister Najib Razak and 1Malaysia Development Berhad (1MDB), says the Asian Nikkei Review today (July 16).

Malaysia’s problems have already led to capital flight with the ringgit being Asia’s worst performing currency this year, said the Asia-focused business newspaper, adding that anxiety surrounding Malaysia has spread to other South-east Asian financial markets at a time when the region needed a stable Malaysia.

“If Malaysian politics become mired in instability, it will not be a domestic problem alone. Confidence in South-east Asia as a whole will also take a hit,” it said in an opinion piece published online today.

 

[gingerlyn]

MAS is checking Najib USD700mil but there is no further feedback from MAS

 

[zeebjii]

they are always 0.1 ahead of analysts' forecast. heads they win, tail you lose. analysts should forecast a bogus number, say 6.869%, and they would announce 6.969% (double 69 orgy). bunch of frauds.

Too good to believe..Want 10 % get 10%, want 7% get 7%...year after year.

 

[da dick]

just this morning, communist government released China GDP data which beat analysts forecast.
this should be good news.

however, if it is good news, why Shanghai Composite Index dropped by 165 points today?
https://sg.finance.yahoo.com/q?s=000001.SS

3,758.52 Down 165.96(4.23%) 2:21PM GMT+8

do u mean investors do not trust the statistics released by communist government?

what i want to know is... when will they bottom out? more interested in EU though.

 

[da dick]

not everyone is rich enuff to buy entire coporations leh! and didn't buffet man buy bluechips like coca cola and microsoft, and still holding on to them?

yep. coke is still considered blue chips wot.
http://www.bluechiplist.com/coca-cola/

 

[Runifyouhaveto]

We might sell NOL

WSJ: Temasek Puts Neptune Orient Lines Up for Sale
http://www.wsj.com/articles/temasek-puts-neptune-orient-lines-up-for-sale-1437038311

Singapore state-investment company Temasek Holdings Pte. Ltd. has put its struggling $1.7 billion container-shipping company up for sale, according to people familiar with the situation.