S$ to be devalued

[soikee]

Singapore: The worst is yet to come


We have lowered our growth forecast for Singapore to -3.5%. Singapore's economy is under attack on several fronts.

While the government announced a massive economic stimulus package with its 2009 budget, we think it is unlikely to
prevent a major economic contraction.

The Monetary Authority of Singapore has become more likely to announce a one-off devaluation of the Singapore dollar
at its next meeting in April.

Source ~ UBS.

Copied from Shareinvestor.com

 

[RealSingaporean]

i have post a title in this forum a week ago about sgd by year end of 2009 will depreciate by 30 to 50%. NO JOKE.

please buy some other currency to protect your assets.

 

[The_Latest_H]

Something from The Economist to ponder about...especially in currency devaluation to spur exports..

http://www.economist.com/printedition/displayStory.cfm?story_id=13022085

This article is interesting because it warns Asian governments not to pretend that what worked formerly in the bubble days will now work. It urges a change in economical policy and not to use methods like currency devaluation to spur another export bubble.

If Tharman insists that everything's all right, this article by the Economist warns its isn't so. The PAP should take heed and understand this. In a way though, younger leaders will understand why. Older ones, especially those of the pre-WWII generation, will not understand why the world has changed so much.

 

[Ah Guan]

Why is our economy in a mess?

I understand no economy is recession proof... but shouldn't we be more recession-resistent?

 

[UseYourBrain]

Dont throw or sell your Sing Dollar. Keep it for this

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[singveld]

Singapore: The worst is yet to come


We have lowered our growth forecast for Singapore to -3.5%. Singapore's economy is under attack on several fronts.

While the government announced a massive economic stimulus package with its 2009 budget, we think it is unlikely to
prevent a major economic contraction.

The Monetary Authority of Singapore has become more likely to announce a one-off devaluation of the Singapore dollar
at its next meeting in April.

Source ~ UBS.

you mean like this???

 

[DerekLeung]

WTF may as well put decimal points ! What a joke !

 

[singveld]

WTF may as well put decimal points ! What a joke !

it will be funny, if this will not be the future of sinkies.

 

[singveld]

out on jan 16, this is US$3.30

today 2 feb, it is worth hur.............. inflation of 11 200 000 %

hur.............................

my computer dun have so many digit.

Help, i dun know how to calculate.

 

[DerekLeung]

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<img src="/noflash.gif" height="17" width="17" /><br />
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</td>
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PAP REGIME - The monster rousing from sleep
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</tbody>

 

[ahleebabasingaporethief]

Singapore: The worst is yet to come


We have lowered our growth forecast for Singapore to -3.5%. Singapore's economy is under attack on several fronts.

While the government announced a massive economic stimulus package with its 2009 budget, we think it is unlikely to
prevent a major economic contraction.

The Monetary Authority of Singapore has become more likely to announce a one-off devaluation of the Singapore dollar
at its next meeting in April.

Source ~ UBS.

Copied from Shareinvestor.com

Wah this analyst from UBS will have work visa revoked soon.

 

[ahleebabasingaporethief]

i have post a title in this forum a week ago about sgd by year end of 2009 will depreciate by 30 to 50%. NO JOKE.

please buy some other currency to protect your assets.

WOW...50% down will bring us on par with the RINGGIT.

But seriously, I have also heard that it will be a very heavy depreciation. May be within your forcasted range even.

 

[RealSingaporean]

WOW...50% down will bring us on par with the RINGGIT.

But seriously, I have also heard that it will be a very heavy depreciation. May be within your forcasted range even.

remember early days when hongkongers do not accept RMB for purhases?
Now they have to accept.

international investor is very quick and sharp in their action. less than 3 month can get the job done.

maybe buy ringgit is not a bad move.

 

[SamuelStalin]

i have post a title in this forum a week ago about sgd by year end of 2009 will depreciate by 30 to 50%. NO JOKE.

please buy some other currency to protect your assets.

That's only YOUR opinion, with no qualified or reliable sources to back it up.

 

[soikee]

remember early days when hongkongers do not accept RMB for purhases?
Now they have to accept.

international investor is very quick and sharp in their action. less than 3 month can get the job done.

maybe buy ringgit is not a bad move.

Go for currency of nations with resources and commodities like the Ringgit or Aust Dollars.

Singapore is a financial centre and global financial sector has collapsed and the Sing Dollar will be devalued by 35%.

The outcome for LKY's Singapore is extremely bleak.

 

[annexa]

Sing Dollar devaluate, then do we need to up the senior civil servant pay to make sure they don't lose out? Fuck!

 

[jw5]

Sing Dollar devaluate, then do we need to up the senior civil servant pay to make sure they don't lose out? Fuck!

Oh yes, and we should also pay for their holidays to France.

 

[Conan the Barbarian]

WTF may as well put decimal points ! What a joke !

They already removed 9 "zeros" from the previous currency last year before printing these. Thats the bigger joke.

 

[iamelite]

So where do we shift our SGD dollars to?
Aud?? Kiwis? GBP? Eur? USD?..
GBP - Jim Rogers say it's doom
EUR - George Soros say its doom
USD - Marc Faber/Jim Rogers Say it's doom

That leaves the kiwis and Aud then?
I will go into Aud then.. but they seem to be ok with reducng interest rate ..so further downside?..

 

[soikee]

So where do we shift our SGD dollars to?
Aud?? Kiwis? GBP? Eur? USD?..
GBP - Jim Rogers say it's doom
EUR - George Soros say its doom
USD - Marc Faber/Jim Rogers Say it's doom

That leaves the kiwis and Aud then?
I will go into Aud then.. but they seem to be ok with reducng interest rate ..so further downside?..

Aust has got opal, diamond, oil, platinum, copper, gold, iron-ore, aluminium, uranium, agricultural and marine
products for export.

Singapore depends on her exports and financial centre. With global financial markets meltdown and the worst
recession since the The Great Depression of 1929, S'pore will get hurt seriously from all directions.

S'pore has no choice but to devalue her currency to help make her exports more competitive.