their banks are a sham. waiting for the day the bubble burst. at one point in time they were approving loans without collateral! That will bite them in the arse down the road
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Run if you have to
- Thread starter Runifyouhaveto
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Bro, this is a good place for those who wanna study here; they can even get some scholarships. This is a good place for the rich; to retire, to be landlord, to participate in events or as a tourist.
However, I figured that this is just not good place for those who need to work.
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China companies love to clock revenues (not profits) so that they can get larger trade/loan facilities from banks and then disappear.
This kind of people get rich faster than us.
Indeed, some of them just fly over and buy a $2mil house here outright. Sydney property is high due to a lot of these people.
If you want my account I can give you my password. It's yours.
Even tier-2 banks (not big 4) resort to shadow banking to meet their cashflow obligations.
Not that the Chinese don't trust their own yuan but to them, a dollar within china is worth less than 90cents overseas. That's why bitcoins emerged as the fastest growing method to transfer money out.
The person I met was involved in shadow banking. She said things like carrying trillions yuan to another county, province to dump in the banks there.
Beware of an up-coming IPO
A retail F&B group is half-dead due soaring rental and labor costs. The two bosses are now working with financial boutique firms to shore up the company accounts for an IPO in the near future to bailout the company.
Recently, the bosses injected personal funds to take over a proftiable bakery chain to "average up" the lacklustre group earnings. The bosses went on to recruit back a woman who was from the group's disposed business to do the dirty jobs under business development so that aduitors can adjust for "under-declared" earnings in earlier FYs for IPO.
Watch the show when it is launched.
A retail F&B group is half-dead due soaring rental and labor costs. The two bosses are now working with financial boutique firms to shore up the company accounts for an IPO in the near future to bailout the company.
Recently, the bosses injected personal funds to take over a proftiable bakery chain to "average up" the lacklustre group earnings. The bosses went on to recruit back a woman who was from the group's disposed business to do the dirty jobs under business development so that aduitors can adjust for "under-declared" earnings in earlier FYs for IPO.
Watch the show when it is launched.
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Wah bro how the fuck u know so much?
Need a nicksharing arrangement to hide your tracks whilst you unleash more "pichar lobang" news???
i sure look for a chance to fuck this stock properly.........
mi also keen to rape it.
Is Ben accompanying you ?
The Truth About Marathons
Brother, have u ever wondered why marathons are more popular in developed countries? Eg, Singapore, Hongkong, New York, London, Boston, etc...... although best runners should be from Africa, or other poorer places?
Then again, do you know that the super-rich also exercise regularly but they will tell you that they swim instead of running? Swimming has minimal impact on your body. Our knees are like car parts subjected to wear & tear. If you still run regularly after the age of 30, I guarantee u that you will need knee replacement surgery within 10-20 years. In all fairness, doctors cannot go around telling the masses about the problem about running, but the informed rich will know.
Try telling your doc about knee problems and you will have either temporary pain relief or surgery. Knee replacement surgery is super common these days but it is risky and involves a lot of blood loss and lengthy recovery period. In addition, this surgery depends on the craftmanship of your doctor and many still ended up with imperfections after the surgery.
Is Ben accompanying you ?
Heli Ben can fly. I have only BMW (bus, mrt, walk)
That is stealing.
The Truth about SIBOR-pegged Australian Property Loans......and Malaysia too
Gentlemen, i believe some of us have or intend to acquire investment properties in Australia. Lately, many Sg branches of renowned Aussie banks are offering loans for Australian properties pegged to SIBOR. The immediate savings, is at least 2.5%pa cheaper than an outright AUD loan from downunder.
Ok, here's the catch. Something weird happened in 2H13. Australian property price did not drop but some singaporeans faced margin calls for properties purchased under such SIBOR financing. Some of these loans were initially priced at higher AUDSGD rates and when AUD dived 12-15%, the owners were asked to cough out the FX differences. Technically, the whole property loan is based on SGD but the asset is priced in AUD.
This is made worse due to max loan gearing because the property and rental tax structure is very high in Australia; investors naturally favors max loan exposure when buying and use the interest expense to offset these taxes.
Banks value these overseas SIBOR loan properties based on the lower of current valuation or purchased price in local currency, resulting in the unexpected FX margin call. I believe the same phenomenon can also happen to those who invest in Malaysia properties with SIBOR-pegged loans for Malaysia properties, if Ringgit slips >15% against SGD.
Gentlemen, i believe some of us have or intend to acquire investment properties in Australia. Lately, many Sg branches of renowned Aussie banks are offering loans for Australian properties pegged to SIBOR. The immediate savings, is at least 2.5%pa cheaper than an outright AUD loan from downunder.
Ok, here's the catch. Something weird happened in 2H13. Australian property price did not drop but some singaporeans faced margin calls for properties purchased under such SIBOR financing. Some of these loans were initially priced at higher AUDSGD rates and when AUD dived 12-15%, the owners were asked to cough out the FX differences. Technically, the whole property loan is based on SGD but the asset is priced in AUD.
This is made worse due to max loan gearing because the property and rental tax structure is very high in Australia; investors naturally favors max loan exposure when buying and use the interest expense to offset these taxes.
Banks value these overseas SIBOR loan properties based on the lower of current valuation or purchased price in local currency, resulting in the unexpected FX margin call. I believe the same phenomenon can also happen to those who invest in Malaysia properties with SIBOR-pegged loans for Malaysia properties, if Ringgit slips >15% against SGD.
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Is it to one's benefit to buy an Aussie property using a loan in Sg if Aussie dollar slides further?
China just crashed their largest domestic bitcoin exchange
http://www.bloomberg.com/news/2013-...-accept-new-deposits-for-bitcoin-trading.html
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